Distinguish between efficiency and effectiveness in management. (5 marks) Efficiency refers to being productive at work‚ to use resources – time‚ equipment‚ people‚ money‚ raw materials‚ etc.-wisely & cost-effectively. An efficient manager will strive to maximize productivity at work. Efficiency can be calculated by the formula: output/input. Effectiveness refers to making the right decisions & to successfully carry them out so that they achieve organizational goals. A manager can
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project management has become such a popular business tool in recent years? Project Management has become a very important and popular business tool in recent years. If you want a successful project you should have a person in charge to keep the project organized. A project manager must have strong leadership skills such as: Integration management‚ Scope management‚ Time management‚ Cost management‚ Quality management‚ Human resource management‚ Communications management‚ Risk management‚ and
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Sheet – 01 & Lecture – 01 Question: Lending Management or lending policy Answer: Lending Management or lending policy and proud we the main instrument towards achieving mission and vision of a Bank. As mentioned in the memorandum and articles of association of the Bank it is committed to invest in industrial and business enterprises by developing projects of national importance‚ including the small and medium enterprise (SME) consumer loan‚ capital market separation‚ lease financing‚ trade
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Introduction to Financial Management Course Syllabus First Semester 2010-2011 INTRODUCTION TO FINANCIAL MANAGEMENT GENERAL INFORMATION: Lecturer: Dr. Nguyen Thu Hien Class schedule: Wednesdays (9.05 – 11.30am) E-mail: nthuhien2009@yahoo.com (please use subject “FIN” to avoid ignorance of your emails due to high spam rate in my inbox) TA: Tu n Duy: tuanduy07@gmail.com; Cell: 0908 665 388 Number of credits: 3 Prerequisite: Principles of Accounting Text book: Ebook - Fundamentals of Corporate
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Hong Kong‚ a special administrative region (SAR) of the People’s Republic of China (PRC)‚ is located in the southern coast of China‚ surrounded by the Pearl River Delta and South China Sea. It is well known of having a vast skyline and deep natural harbor‚ and is one of the world’s most densely populated areas in the world. Mainland China‚ the Chinese mainland or simply the mainland‚ is a geographic and political geopolitical field under the jurisdiction of the PRC’s terminology to describe‚
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properly without the use of incinerators that produce toxic air pollutants that pose threat to human health and environment. To begin with‚ not all of the wastes produced by hospitals are infectious or hazardous. With proper management and the use of well-known solid waste management tools such as segregation and recycling‚ the portion of a hospital’s waste stream that poses risk to human and environmental health need not be cause of public fear. According to the World Health Organization (WHO)‚ in 2000
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HRM Pillar 1: Recruiting Hiring and Promoting Book Chapter 4: Analyzing Work& Designing Jobs Work flow in Organizations * Through the process of work flow design managers analyze the tasks needed to produce a specific product. * Job is a set of related duties. A position is the set of duties performed by so. Work flow analysis Before designing the work flow managers need to identify what work needs to be done: Output: not only quantity but also quality; gives clearer view of how to increase
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approach to teamwork that moves responsibility for decisions further down the organization chart to the level of the employee actually doing the job Continuous Improvement Management’s view of performance standards of the organization The way management views the contribution and role of its workforce (employee involvement and team efforts are the key to improvement) Key Elements of TQM: Quality is defined by customer Employee involvement Continuous improvement Prevention‚ not inspection
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TEACHING PLANETARY GEAR TRAINS WITH THE AID OF NOMOGRAPHS ESSAM LAUIBI ESMAIL Lecturer College of Engineering/University of Qadisyah ABSTRACT Planetary gear trains (PGTs) are introduced to undergraduate mechanical engineering students in the course of Theory of Machines. The complexity of the traditional methods for analyzing PGTs has kept many from becoming familiar with the capability of PGTs in mechanisms and machine design. In this paper a unified general formulation for simultaneously
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PART TWO Solutions to Empirical Exercises Chapter 3 Review of Statistics Solutions to Empirical Exercises 1. (a) Average Hourly Earnings‚ Nominal $’s Mean AHE1992 AHE2004 AHE2004 − AHE1992 (b) Average Hourly Earnings‚ Real $2004 Mean AHE1992 AHE2004 AHE2004 − AHE1992 15.66 16.77 Difference 1.11 SE(Mean) 0.086 0.098 SE(Difference) 0.130 95% Confidence Interval 15.49−15.82 16.58−16.96 95% Confidence Interval 0.85−1.37 11.63 16.77 Difference 5.14 SE(Mean) 0.064 0.098 SE(Difference) 0.117 95%
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