Differences between leadership and management 2.1 Managers maintain things and leaders change things Studies on the subjects of leadership and management have the underlying difference between a leader and a manager as “managers maintain things and leaders change things.” Gill (2006:26) explains their difference as “Managers plan‚ allocate resources‚ administer and control whereas leaders innovate‚ communicate and motivate” Weathersby (Management Review Vol 88:3) summarises the contrast between leadership
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SALIENT FEATURES OF WORKMEN COMPENSATION ACT‚ 1923 Submitted by MOKSHA NAIR WORKMEN COMPENSATION ACT‚ 1923 Objective of the Act: The objective of the Act is to provide compensation to workmen for injury or an accident. It was the first Labour Law Act enacted to provide one time compensation to a workman injured on company’s premises or shop floor. Salient Features of the Act: 1. An employer is obligated to pay compensation to a workman in case
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Human Resource Management Practice and Firm Performance By : Syndicate 2 Human resource management Practices (HRMP) to have positive influence and give impacting on organizational performance through a “high road” approach which has become a key element in HR literature. High road approach means that some HRMP are universalistic‚ appropriate and advantageous for all firms. According to universalistic perspective‚ there is a simple direct relationship between HRMP and organizational performance
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Introduction: The past decade has been witness to some of the worst accounts of corporate fraud ever recorded‚ with multi-billion dollar companies such as Enron‚ Tyco‚ and World-com involved in serious financial scandals. CEOs and senior executives are often the driving force behind such unscrupulous activities by adopting shady accounting practices and other forms of short-termist actions for the purpose of increasing their firm’s stock price and their own personal wealth. The following paper will
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7 A survey of the relationship between training and organizational commitment CHAPTER 1 INTRODUCTION This chapter explores the importance of organizational commitment and training‚ the problem statement of this study‚ the objectives of this study‚ the significance of the research in terms of practical and academic contribution and also the research questions used in this study. 1.1 The importance of organizational commitment It was a great deal of interest for the issue of organizational commitment
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Foreign Direct Investment Learning objectives • Be familiar with current trends regarding FDI in the world economy. • Understand the different theories of foreign direct investment. • Appreciate how political ideology shapes a government’s attitudes towards FDI. • Understand the benefits and costs of FDI to home and host countries. • Be able to discuss the range of policy instruments that governments use to influence FDI. • Articulate the implications for management
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to work hard for the benefit of the organisation. (Sager‚ 1979) There has been extensive research on the topic of motivation‚ which has spawned several theories by numerous authors. According to Maslow’s Hierarchy of Needs‚ employees have five levels of needs which are: physiological‚ safety‚ social‚ ego‚ and self-
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of the Firm The firm’s goal is to maximize profits‚ !. In order to do this it must decide what quantity of a good to produce given costs‚ technology and demand. A competitive firm is assumed to be able to sell as much as it wants at the market price without affecting price. So it takes price as exogenous (beyond it’s control) and does not worry about demand. In addition‚ for our purpose we’ll assume the firm operates efficiently‚ that is‚ whatever the level of production that the firm chooses
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Relationship between a model and Similitude For a model‚ similitude is achieved when testing conditions are created such that the test results are applicable to the real design. There are some criteria that are required to achieve similitude; 1. Geometric similarity – The model is the same shape as the application (they are usually scaled). 2. Kinematic similarity – Fluid flow of both the model and real application must undergo similar time rates of change motions. (Fluid streamlines are similar)
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The Bond Between Huck and Jim Friendship is one of the most coveted things in life. A good friend always going to be there when they need to be. In the novel‚ The Adventures of Huckleberry Finn by Mark Twain‚ a runaway slave named Jim and a teenage boy named Huck face a multitude of challenges that will cause them to work together to survive. This leads to a very unlikely and dangerous relationship that they develop together. Over the course of the novel Huck and Jim’s relationship will grow from
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