Industrial Relations – The Definitions and Main Aspects * Industrial relations has become one of the most delicate and complex problems of modern industrial society. * Industrial progress is impossible without cooperation of labors and harmonious relationships. * Therefore‚ it is in the interest of all to create and maintain good relations between employees (labor) and employers (management). “Industry” refers to “any productive activity in which an individual (or a group of
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To achieve a definite compact mass of masonry‚ there always requires some binding material‚ which can be easily transformed into a paste and can firmly hold bricks or stones together. The most popular and prominent binding materials of the present age are lime and cement‚ as they are not found in nature in ready form; they have to be prepared from raw materials. The parent raw material from which they are derived is limestone found abundantly in nature. Cement is a finally powdered substance‚ which
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a declination change in unemployment rate‚ fall down by 0.9% which is 2.1% the lowest unemployment rate between three year. In the year of 2008‚ the unemployment rate of Singapore is 2.3%.This is cause by the reduction of expenditures which is retrenchment to prevent faced a triple whammy threats in the form of surging inflation. While in United Kingdom‚ the unemployment rate is 5.6%‚ higher than Singapore..It is caused by the rise in number of redundancies as the effect of the economic downturn
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Key Terms in Strategic Management Competitive Advantage * Anything that a firm does especially well compared to rival firms. * A firm must strive to achieve competitive advantage by: 1) Continually adapting to changes in external trends and events and internal capabilities‚ competencies and resources. 2) Effectively formulating‚ implementing and evaluating strategies that capitalize on those factors. Strategists * Usually found in high levels of management (CEO)
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value‚ either by means of lower prices or by providing greater benefits and service that justifies higher prices. source: http://www.tutor2u.net/business/strategy/competitive_advantage.htm List three directional strategies. Growth‚ Stability and Retrenchment List the five stages of international development. Stage 1 (Domestic Company): The primarily domestic company exports some of its products through local dealers and distributors in the foreign countries. Stage 2 (Domestic Company with
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Diploma in Business Administration M. Jane Chong 3rd March ‚ 2011 Contents | Title | Page | 1.0 | Introduction | 3 | 2.0 | Macroeconomic Objectives | 4 | 3.0 * 3.1 * 3.2 | Economic GrowthThe ImportanceExample | 556 | 4.0 * 4.1 * 4.2 | UnemploymentThe ImportanceExample | 778 | 5.0 * 5.1 * 5.2 | InflationThe ImportanceExample | 9910 | 6.0 | Conclusion | 11 | 7.0 | References | 12 | 8.0 | Appendix | 13 | 1.0 Introduction This assignment is to discuss the importance
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Case 2 :Carnival Corporation: Acquiring Princess Cruise Line(2002) Question: Carnival management and board of directors believed that demand would continue to increase well in to the future. Considering that only a small percentage of the North America market had taken a cruise Vacation‚ reaching more of the North American target market would improve industry profitability. Industry analysis stated that the “assessment of market potential” was only an “educated guess ”.what if the current
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Consequences of Winding Up Upon the commencement of winding up proceedings‚ the following consequences shall apply: 1. The business of the company ceases from the commencement of the winding up‚ except so far as the liquidator thinks is necessary for the beneficial winding up of the company. In such an event‚ every invoice‚ order for goods or business letter issued by the company must have the words “in liquidation” added after the name of the company. The liquidator has no power to carry on
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2.06 million foreign workers in Malaysia‚ which relies heavily on them to help out in the construction and plantation sectors. Most of the workers are sourced from Indonesia‚ India‚ Bangladesh and Nepal. Despite the economic downturn and rising retrenchment in Malaysia‚ Bangladeshi workers were still in demand as they were hardworking‚ efficient‚ obedient‚ easy to train and did not demand a high salary. Workers were known to be able to handle multiple tasks. The demand for foreign workers in the two
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fairly early in the morning for people to be shopping but then of course‚ it was the season of sales. All over the tiny town‚ huge shops were holding sales. Almost everything could be got at a bargain. During the current period of unemployment and retrenchment‚ the sale was probably what many had looked forward to. Only then could they afford to buy that branded pair of shoes or that glittering diamond bracelet that was at other times‚ priced well beyond the average man’s pocket. As
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