ECONOMICS FOR MANAGERS UNIT I Introduction: Economics can be divided into two broad categories: microeconomics and macroeconomics. Macroeconomics is the study of the economic system as a whole. It includes techniques for analysing changes in total output‚ total employment‚ the consumer price index‚ the unemployment rate‚ and exports and imports. Macroeconomics addresses questions about the effect of changes in investment‚ government spending‚ and tax policy on exports‚ output‚ employment and prices
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to that‚ he has a difficulty in identifying his sex-role identity. Firstly‚ the social context of development of Jin Sheng is dependent on his historical‚ economical and social factors. Being from a low-income family coupled with his father’s retrenchment‚ he has to depend on some little pocket money from any part time job that his dad and mum are working from. He is also forced to work part time also during the weekends ever since his dad was retrenched. This pressures him emotionally as he looks
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UMEMPLOYMENT RATE ¹data from February 2014 Source: Statistics Indonesia The average unemployment rate in Indonesia based on the last 5 years (2009-2013) is 6.78%. The unemployment in Indonesia hit the highest in 2009 with 7.9%‚ and the lowest rate of unemployment was in 2012 with 6.1%. From the above graph‚ we can see that there is a decrease in unemployment rate from 2009 to 2012 falling from a rate of 7.9% in 2009 to 6.1% in 2012. This may be due to the fact the government in Indonesia‚ has
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Agency Costs of Free Cash Flow‚ Corporate Finance‚ and Takeovers Michael C. Jensen Harvard Business School MJensen@hbs.edu Abstract The interests and incentives of managers and shareholders conflict over such issues as the optimal size of the firm and the payment of cash to shareholders. These conflicts are especially severe in firms with large free cash flows—more cash than profitable investment opportunities. The theory developed here explains 1) the benefits of debt in reducing agency
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http://www.slideshare.net/bhomaram/techniques-for-forecasting-human-resources Remind me of this for forecasting techniques Steps in the Human Resource Planning Process X Alfred Sarkissian Alfred Sarkissian holds a master’s degree in industrial management. With experience in business and public policy‚ he has covered intellectual property rights‚ industrial policy and technology policy for various publications. By Alfred Sarkissian‚ eHow Contributor Steps in the Human Resource Planning
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Introduction In this report an explanation about the strategic management process will be given‚ utilizing the model illustrated below. Firstly‚ the different elements will be explained followed by a clarification of the different relationships‚ in terms of impact‚ between them. First of all‚ an explanation about strategic management is given. According to Fred R. David‚ strategic management can be defined as the art and science of formulating‚ implementing‚ and evaluating cross-functional decisions
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HRD DILEMMA Sukumar Vyas read the message on his E-mail. It was an anxious and urgent message from sudeep Rai‚ the vice-president of human resource development (HRD) at Trifle India Ltd. (TIL). It read: "TIL is downsizing in a big way‚ and this comes as a shock to me. It was not on the agenda when I accepted their offer‚ and I am wrecked by a tremendous feeling of despair over this exercise. The agitation I am feeling is straining my objectivity. I need to talk to you urgently." Vyas
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Kurt lewins change model Its not the strongest of the species that survive nor the most intelligent ‚ but the one most responsive to change. (Charles Darwin) Change management has been defined as ‘the process of continually renewing an organization’s direction‚ structure‚ and capabilities to serve the ever-changing needs of external and internal customers’ (Moran and Brightman‚ 2001) .According to Burnes (2004) change is an ever-present feature of organizational life‚ both at an operational and
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Novartis‚ a large multinational pharmaceutical company‚ recently diversified by buying Alcon‚ in a £24.8bn deal. Alcon is a producer of eye care products such as contact lenses. Google has diversified by investing £124m in a wind power business. To what extent is diversification the best strategy to achieve profitable growth? Justify your answer with reference to Novartis‚ Google and/ or other organisations that you know. (40 marks) Diversification - Practice under which a firm enters an industry
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Impact of Recession on Working Capital Requirements of a Company Working Capital Management is a managerial accounting strategy focusing on maintaining efficient levels of both components of working capital‚ current assets and current liabilities‚ in respect to each other. Working capital management ensures a company has sufficient cash flow in order to meet its short-term debt obligations and operating expenses. Implementing an effective working capital management system is an excellent
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