NEW TERMS INTRODUCED IN BUSINESS STUDIES CLASS XII 2012-13 UNIT–4: PLANNING Sub Topic: Single Use and Standing Plans PLAN A plan is a specific action proposed to help the organization achieve its objectives. It is a document that outlines how goals are going to be met. The importance of developing Plans is evident from the fact that there may be more than one means of reaching a particular goal. So with the help of logical plans‚ objectives of an organization could be achieved easily. SINGLE
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ENTREPRENEUR: OPTIMISIM VERSUS REALITY © Phil Thompson – Business Lawyer‚ Corporate Counsel – www.thompsonlaw.ca To many people‚ the definition of an entrepreneur is inventor who goes from the workbench to the marketplace to a major stock exchange. However the rag to riches scenario is an exception to the rule. A recent study by a Canadian economist puts reality into measured perspective. No Surprise: The Odds Are Stacked Against You In 1998‚ Thomas Åstebro conducted follow-up telephone interviews
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competition good for business? Why not? But competition without cooperation is bad for the nation and what’s bad for the nation is bad for the business.( Umi‚ 2002) “Have you ever thought that marketing your small business would be easier without competitors? The truth is that most of us have thought that way.”( Belonwu‚ 2013). Competition is an art and the entrepreneur is an artisan. It can create beautiful things. It depends on your concentration and skill. Having competition is healthy and you would
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people organisational relationship (what do you expect from doing something) Example: a boss of a company expect from an employee is to be on time and do things well. Marketing is about how to sell you good ‚ how to make people buy your goods.- adding values Individuals expectation such as providing safe and hygienic working security‚ make evry reasonable effort to provide job security THE ORGANISATIONA EXPECTATIONS (what the organisation expect from you). Organisation is all about the employer-employee
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Business Report: Data collection involves administering instruments‚ as well as gathering and organizing responses for analysis. A well-planned data collection strategy is critical to obtaining reliable‚ consistent and useful information. Throughout the process you will: 1. Identify the purpose and audience 2. Develop or select your instrument 3. Pilot test your instrument‚ and 4. Implement your instrument. •One of Dixon’s strengths was that it was able to hold onto a large portion
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government might affect the way business is conducted. A number of political factors such as government policies‚ internal political issues‚ consumer laws‚ lobbying and pressure group affect the business strategies of the hotel industry. Take for instance import and export tariffs which can make it difficult or uneconomical to do business with certain countries. There may be restrictions on land acquisitions where by the government needs to know the type of hospitality business that is being set up as well
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PROJECT In order to demonstrate competence in this unit‚ you will need to show that you can design and develop a project plan. Your task therefore is to select an idea‚ improvement or opportunity that could be applied in a business operation. Describe the business and the project you might initiate. You will need to describe and define the project‚ in context. Explain why such a project would be beneficial. What procedures might you use to ensure that the project was sponsored and supported
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UNIVERSITY OF ST. MARK AND ST. JOHN‚ PLYMOUTH MBA 608 – BUSINESS ECONOMICS ASSIGNMENT 1D THE POSSIBLE ANTICOMPETITIVE EFFECTS OF MERGERS AND ACQUISITIONS AND EVALUATION OF THE EFFECTIVENESS OF EXISTING REGULATIONS AIMED TO REDUCE ANTICOMPETITIVE PRACTICES IN GHANA. BY: COLLINS FRIMPONG OFORI Definition of Mergers and Acquisition The Main Idea One plus one makes three: this equation is the special alchemy of a mergers or an acquisition. The key principle behind buying a company is
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Acknowledgement First I would like to thank our subject lecturer Mr. Shakir Kapadia giving us this assignment on Management Communication Knowledge & Information and giving me a good feedback and guidance to complete this assignment in a successful way. Next I wish to thank our course coordinator Department of Business Management BCAS‚ for encouraged me to do this assignment effectively. I take this opportunity to forward my sincere thanks to everyone who gave me a helping hand and who contributed
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BETC LEVEL 2 (UNIT ONE) BUISNESS PURPOSES SOFIA WARD 10M Task one: 1. Tesco Purpose • Tesco is for a profit. Over 60% of group sales and profits came from the UK business. • Tesco sells items such as fresh food‚ groceries and clothing. (The clothing market is worth £33 billion alone) Ownership • Tesco is a Limited company-Public(PLC) • The decision’s are made by an elected board • There Executive Committee comprises the Tesco PLC Executive Directors and seven senior
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