“The primary role of management is to maximize the wealth of the shareholder.” “Financial management should include not only a concern for profit maximization but also for maximization of societal value.” The stakeholder theory defines the main objective of each and every organization. It is to be able to maximize the wealth of the firm by increasing its stock price. By defining the wealth of the firm‚ it is also defining the stockholder who own shares of the company. The parallelism of the stock
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REVIEW ARTICLE A New‚ Evidence-based Estimate of Patient Harms Associated with Hospital Care John T. James‚ PhD Objectives: Based on 1984 data developed from reviews of medical records of patients treated in New York hospitals‚ the Institute of Medicine estimated that up to 98‚000 Americans die each year from medical errors. The basis of this estimate is nearly 3 decades old; herein‚ an updated estimate is developed from modern studies published from 2008 to 2011. Methods: A literature
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This report on “Quality Planning” aims to answer the following questions: 1. What is quality education? 2. What are the different concepts of quality education? 3. What are the five areas of improving quality in education? 4. Why plan for quality education? The contents of this report primarily obtained from “Defining Quality Education”‚ a paper presented by UNICEF at the meeting of The International Working Group on Education Florence; and some information were obtained from the textbook
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11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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Overview of Planning OVERVIEW This toolkit is an overview of the different aspects involved in planning for an organisation or project. It should enable the user to make a clear distinction between strategic planning and action planning‚ both of which are dealt with in detail in separate toolkits. It also provides some ideas about techniques to use in planning. It should provide a fairly inexperienced planning team in any organisation with a clear picture of what planning should involve‚ and of
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Public Facilities Director In an emergency situation‚ such as a zombie apocalypse‚ communication with police and fire chiefs‚ as well as the director of public health‚ is crucial. Also‚ as the public facilities director‚ the most important duties we have are to ensure we have clean drinking water‚ keep the electricity running‚ and maintain gas and sewage plants. Communication between the public facilities director and the police and fire chiefs is very important. In order for the officers to
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COSTING SUPPORT AND COST CONTROL IN MANUFACTURING A COST ESTIMATION TOOL APPLIED IN THE SHEET METAL DOMAIN PROEFSCHRIFT ter verkrijging van de graad van doctor aan de Universiteit Twente‚ op gezag van de rector magnificus‚ prof.dr. F.A. van Vught‚ volgens besluit van het College voor Promoties in het openbaar te verdedigen op vrijdag 3 mei 2002 te 15.00 uur. door Erik ten Brinke geboren op 15 maart 1973 te Hardenberg Dit proefschrift is goedgekeurd door: de promotor prof.dr.ir. H
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strategic planning models‚ including goals-based‚ issues-based‚ organic‚ scenario. * Goals-based planning is perhaps the most common as it starts with a focus on the organization’s mission (and vision and/or values)‚ goals to work toward the mission‚ strategies to achieve the goals‚ and action planning. * Issues-based strategic planning often starts by examining issues facing the organization‚ strategies to address those issues‚ and action plans. * Organic strategic planning begins with
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MANAGEMENT ACCOUNTING Information for Decision-Making and Strategy Execution SIXTH EDITION Anthony A. Atkinson University of Waterloo Robert S. Kaplan Harvard University Ella Mae Matsumura University of Wisconsin–Madison S. Mark Young University of Southern California Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City S~ Paulo Sydney Hong Kong Seoul Singapore
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Career Planning and Succession Planning Created by Soumi Rai. Copyright material. Concepts of Career Management What are careers? – Sequence of work-related positions held by someone during lifetime Career Paths – Represent employees’ movements through opportunities over time. Created by Soumi Rai. Copyright material. Concepts of Career Management • Career management – The process for enabling employees to better understand and develop their career skills and interests‚ and to
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