PEOPLE‚ SERVICE‚ AND PROFIT AT JYSKE BANK The Jyske Bank Group is managed and operated as a business. At the same time‚ we attach great importance to treating our three groups of stakeholders-shareholders‚ customers and employees-with equal respect. This is illustrated by three equally big overlapping circles which must remain in perfect balance. If the balance shifts in favor of one or two of the groups‚ this will be to the long-term detriment of all the groups.
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Art Prize is a non-profit competition that does wonders for the Grand Rapids‚ MI area. I chose this article because I desired to write about something I cared about that not only was a relatively new business venture but also something that fosters creativity for future business and allows established businesses and communities to thrive. Entrepreneurship deals with failure‚ success‚ innovation‚ inventing‚ business‚ etc. and nobody accompanies all of these qualities better than artist. Art Prize
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------------------------------------------------- English 1A ------------------------------------------------- October 26‚ 2012 ------------------------------------------------- ------------------------------------------------- The Corporation: The Pathological Pursuit of Profit and Power ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- In today society‚ the modern corporation according to Joel Bakan‚ is singularly
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About nine months ago‚ I made one of the biggest changes in my professional life‚ that would have profound impact on my non-profit that I lead. After not being satisfied with the disorganization of the non-profit. I made a change similar to the re-orientation discussed in the one assigned readings (Nadler 1989). I knew if I didn’t make the changes‚ my non-profit would have to go into recreation mode within 5-7 years (Nadler 1989). I knew once the company was in recreation mode‚ it would not be long
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document. 1. You want to use break-even and target profit analysis with respect to the introduction of a new product in the marketplace. Your manager says you are wasting your time because the best determination of profitability is the income statement after this product has been introduced. Explain why your manager is wrong. In order to fully understand the process of profitability within a business‚ we must understand what break-even and target profit analysis represent and the function that each
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Business is to Increase its Profits Milton Friedman The New York Times Magazine September 13‚ 1970 When I hear businessmen speak eloquently about the "social responsibilities of business in a free-enterprise system‚" I am reminded of the wonderful line about the Frenchman who discovered at the age of 70 that he had been speaking prose all his life. The businessmen believe that they are defending free enterprise when they declaim that business is not concerned "merely" with profit but also with promoting
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General operating funds are an integral part for the sustainability‚ impact‚ and growth of all non-profit organizations. General operating funds would provide our organization with the flexibility to meet pressing community needs and achieve impact. Funding would also contribute to maintaining our sustainability‚ while shifting attention from limited program outcomes to broader organizational and social impact. Furthermore‚ it would help ease administrative burdens and costs associated with our
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both two-year and four-year public institutions. Public colleges receive a total of nearly 70 billion dollars each year in tuition to present the students with a variety of resources and administrators each year. Without this funding‚ colleges would not be able to function. To make up for the lost funds in tuition‚ the legislation would impose a Robin Hood tax on Wall Street to obtain 45 billion dollars for higher education‚ and the states would cover the other 33 percent of the cost through a tax of
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Milofsky’s (1979) “Not for Profit Organization and Community”‚ proposed that there were six traditions of American participation that shaped the nonprofit sector. They are (1)Protestant Patrician‚ (2)Urban Ethnic‚ (3)Free Professional‚ (4)Organizational Professional‚ (5)Inter-Organizational Coordination and (6)Corporate Philanthropic traditions. The Protestant practice started to influence the United Stated in the middle of 19th century. In the bible‚ it encouraged all Christian-believers to contribute
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level of responsibility‚ and performance is measured in terms of the costs incurred by it. Cost centres do not generate revenue and therefore have no profit objectives‚ which differentiates it from profit and investment centres. Managers of cost centres are accountable only for controllable costs and are not responsible for level of activity or long-term investment decisions. Managerial performance is measured by efficiency of operations in terms of the quantity of inputs used in producing a given
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