Pareto efficiency‚ or Pareto optimality‚ is a central theory in economics with broad applications in game theory‚ engineering and the social sciences. Given a set of alternative allocations and a set of individuals‚ a movement from one alternative allocation to another that can make at least one individual better off‚ without making any other individual worse off is called a Pareto improvement or Pareto optimization. An allocation of resources is Pareto efficient or Pareto optimal when no further
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Organisational culture is the pattern of assumptions‚ vaules and norms shared by organisational members. The culture of an organisation can affect the operations of a company and how successful it is. Organisational culture contains four basic elements; basic assumptions which are un-said but happen‚ shared values which show what is important in the company‚ norms which the employee should follow and artefacts which show the culture of the organisation. An example of organisational culture
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organizational structure is an important theme that is often overlooked. The two can be difficult to clearly distinguish from one another‚ and even more so to clearly define within an institution. Organizational structure works within an organizational culture‚ but it is not completely separate. The two are very much intertwined. Organizational culture is more of a larger picture‚ a more general term that refers to a large umbrella of smaller topics and issues within an organization. The structure refers
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Team Performance Management: An International Journal The “silo virus”: diagnosing and curing departmental groupthink Peter Schütz Brian Bloch Article information: Downloaded by University of Technology Sydney At 02:08 27 August 2014 (PT) To cite this document: Peter Schütz Brian Bloch‚ (2006)‚"The “silo#virus”: diagnosing and curing departmental groupthink"‚ Team Performance Management: An International Journal‚ Vol. 12 Iss 1/2 pp. 31 - 43 Permanent link to this document: http://dx
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Efficiency Ratios The efficiency ratio is an indicator of how well Johnson and Johnson (J&J) is run on an organizational wide basis. Efficiency ratios are also defined as asset turnover ratios (Finkler‚ Kovner & Jones‚ 2007). The asset turnover ratio measures how productive J&J is in managing all of its assets to generate Sales. This efficiency ratio is calculated by dividing sales by total assets by total revenue. For year 2010‚ J&J had an asset turnover of 0.6. Comparing J&J’s
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Sessions 6‚ 7 & 8 Economic Efficiency y Consumer Surplus A buyer’s willingness to pay (WTP) for a good p y( ) g is the maximum amount the buyer will pay for that good good. WTP measures how much the buyer values the good. Example: 4 buyers’ WTP for an iPod name Anthony WTP $250 Chad 175 Flea 300 John 125 Consumer Surplus Q: If price of iPod is $200‚ who will buy an iPod‚ and what is quantity demanded? q y A: Anthony & Flea will buy
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4 Organisational cultures Introduction: defining culture The concept of culture has become increasingly significant in education during the 1990s and into the twenty-first century. This enhanced interest may be understood as an example of dissatisfaction with the limitations of those leadership and man- agement models which stress the structural and technical aspects of schools and colleges. The focus on the intangible world of values and attitudes is a useful counter to these bureaucratic assumptions
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The Role of the Organizational Structure An organizational structure can be either flat or tall‚ depending on the number of employees in the company. Flat structures are best for very small companies‚ as they usually have only one person responsible for each functional area‚ like marketing. Small companies can also have tall organizations‚ which are typically organized by functional area‚ specific products or a combination of the two‚ called a matrix organization. There are several key roles for
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Management Research Energy Efficiency Group Name:- “ The Efficiencers” Suraj S. Nair Junaid Sayed Anuradha Jadhav Rupesh Bhosale Ekta Thorat Avinash Palve Agenda • • • • • • • • • Our Opinion on Energy Efficiency Efficient Energy Conversion Why to be energy efficient? Technical Change is the Key Overall Capacity of India 5 best ways to save energy at home Bachat Lamp Yojna Efficiency of some common devices Advantages & Disadvantages Our Opinion Energy efficiency is actually “getting the same
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Question 1- Describe the concept of vision and mission in an organisation. Vision Statements and Mission Statements are the inspiring words chosen by successful leaders to clearly and concisely convey the direction of the organization. By crafting a clear mission statement and vision statement‚ you can powerfully communicate your intentions and motivate your team or organization to realize an attractive and inspiring common vision of the future. Without the unwavering focus on mission and vision it’s
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