A study of the organization’s objectives helps to understand how it is likely to respond to changes in its environment. It is often assumed that business organizations will always try to maximize their profits through a combination of maximizing revenue and minimizing costs. The profit maximization objectives must be qualified by a time dimension. A firm that pursuing a short-term profit-maximizing objective may act very differently to one that seeks to maximize long term profit. This may be reflected
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Summary ( A slow burning fuse) Introduction 1. Population ageing is on every agenda‚ from G8 economic conferences to NATO summits. The World Economic Forum plans to consider the future of pensions and health care at its prestigious Davos conference early next year. The media‚ including this newspaper‚ are giving the subject extensive coverage. 2. Governments in rich countries now accept that their pension and health-care promises will soon become unaffordable‚ and many of them have embarked
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1. Sole trader businesses are the easiest to set up because there is no complex paperwork. The business and the owner are the same person in law. The sole trader does not have limited liability which means that they are responsible for all the debts of the business. The sole trader has to produce an annual accounting return for the Inland Revenue. 2. Partnerships are set up by a Deed of Partnership which is a document made out by the partners and witnessed by a solicitor. This Deed sets out the
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Understanding Business Organisations Report RSPCA is a Charity non-profitable organisation from the Tertiary Sector within Services. http://www.rspca.org.uk History The Royal Society for the Prevention of Cruelty to Animals was founded in 1824 by a group of twenty-two reformers led by Richard Martin MP‚ William Wilberforce MP and the Reverend Arthur Broome in a London coffee shop ( in St. Martin’s Lane‚ not far from Piccadilly Circus‚ stood Old Slaughter’s Coffee House) and founded as
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Scenario 1: LO1 (P1.1): There are mainly four types of organisations. Private sector organisations‚ Public sector Organisations‚ voluntary organisations and cooperatives. Private Sector: In the private sector‚ businesses operate in order to maximize the profits. They raise finance by issuing shares‚ borrowing loans from banks etc. They are owned and controlled by private parties. For example Bank of Maldives‚ Amin Construction pvt ltd‚ Haza Construction pvt ltd. Their main aim is to maximize the
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Forms of Business Organisation (Indian Context) Sourav Sinha Forms of Business Organisation : While establishing a business the most important task is to select a proper form of organisation. This is because the conduct of business‚ its control‚ acquisition of capital‚ extent of risk‚ distribution of profit‚ legal formalities‚ etc. all depend on the form of organisation. The most important forms of business organisation are as follows: Sole Proprietorship Joint Hindu Family Business Partnership
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International Journal on New Trends in Education and Their Implications January‚ February‚ March 2012 Volume: 3 Issue: 1 Article: 13 ISSN 1309-6249 THE POTENTIAL BENEFITS AND CHALLENGES OF INTERNSHIP PROGRAMMES IN AN ODL INSTITUTION: A CASE FOR THE ZIMBABWE OPEN UNIVERSITY Richard BUKALIYA Zimbabwe Open University‚ Mashonaland East Region‚ Marondera‚ ZIMBABWE ABSTRACT Several studies done elsewhere have indicated and concluded that a gap really exists between the quality of graduates produced
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Business Communication Trends University of Phoenix Business Communication Trends Communication is essential for life in general but in business settings‚ it is absolutely critical. Communication is commonly assumed to consist of just speaking and listening and this is true in most cases. However‚ there are other elements that make up this seemingly simple‚ yet very complex process. If these other elements are not taken into consideration the ability to communicate‚ or transfer information
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E-BUSINESS ORGANISATION: PETRONAS Value Chain: Support Activities Firm Infrastructure: -PETRONAS is the national oil and gas company of Malaysia and is wholly-owned by the Government of Malaysia. Together with its subsidiaries and associated companies‚ PETRONAS‚ a fortune global 500’s largest corporation in the world. -Fortune ranks PETRONAS as the 75th largest company in the world and the most profitable in Asia. HR Management: -PETRONAS provide industrial training programme for undergraduates
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thinktank spells out potential threats to security that might emerge by 2045 In its latest publication the 5th edition of Global Strategic Trends (GST)‚ The Ministry of Defence examines a 30-year outlook of a broad range of regional and thematic trends including the environment‚ health‚ education‚ automation‚ information‚ identity and transport. Global Strategic Trends is a key element in setting the Ministry of Defence’s context for long-term decision-making. Past editions of GST have been used
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