the verge of shutting down that is when voltas fornulated a brand new vision plan named "MEGAVOL". Megavol — a business plan that aimed to achieve Rs100‚000 million turnover with 10 per cent profitability by 2010-11. “Ourplan involved pursuing both organic and inorganic growth‚” says managing director Ashok Soni‚ the man who took over the wheel in 2001 and has steered the organisation to its present course.The Megavol plan has brought about several dramatic changes in Voltas‚ and these have mainly
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management The concept of strategy ➢ Strategy is the great work of organization. In situations of life or death it is the Tao of survival or extinction. Its study cannot be neglected. ----SUN TZU‚ The Art of War.2500 B.C ➢ Strategy is about winning. ➢ Strategy is not a detailed plan or program of instructions‚ it is a unifying theme that gives coherence and direction to the actions and decisions of an individual or an organization. Characteristic of a winning strategy ➢ Goals that
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“Ireland’s Great Recession.” The Irish Economy‚ 2007-2012. The title of this essay‚ “Ireland’s great recession‚” refers to the Irish economy from 2007-2012. From my research into this essay‚ I found that the Irish economy of this period could be referred to as “The Great Depression.” There are parallel similarities to the Irish economy now as experienced in America in the 1920’s. This essay will examine what a recession is‚ why Ireland is in a recession‚ the effects and face of the recession‚ and my
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10 Forces that Impact Businesses By James D. Underwood from Competitive Intelligence For Dummies Competitive intelligence (CI) enables an organization to continually evolve in response to ever-changing conditions. These conditions‚ or forces‚ can be classified into ten distinct categories. The first two forces described in this article — market and technological forces — drive the velocity of change. In other words‚ changes in these areas require your organization to adapt very quickly to take advantage
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has so strongly been inflicted upon the clothing industry. This outcome was quite inevitable‚ with everything around going down the falls. The Italian industry has been the strongest among all others and even that failed in the eye of the global recession. It has asked for the government’s assistance which will help the industry to pull through these dire circumstances. It seems the fashion designers have been changing the clothing trends and patterns making them more adept with the current situation
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Effects of Global warming Global warming or “greenhouse effect” is an average increase in the temperature of the atmosphere near the Earth’s surface‚ which can contribute to changes in global climate patterns. Global warming can occur from a variety of causes‚ both natural and human. In common usage‚ “global warming” often refers to the warming that can occur as a result of increased emissions of greenhouse gases from human activities. The atmosphere consists of several “greenhouse gases”‚
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Part-Time Recession It was not too long ago when only 13.5% of U.S employees were part-timers. According to the U.S Department of Labor‚ the number of part-time employees has increased to a peak 20.1% in 2010. The Department of Labor defines “part-time” as working 25 hours or less per week and defines “full-time” as working between 32-40 hours per week. The increase of part-time jobs has become a popular trend. A slow economic recovery from the 2007 recession has caused an increase in part-time
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The world recession of 2008 to 2009 was caused ultimately by global imbalances in trade and capital flows‚ globalization of financial markets‚ the trend towards a new finance-led capitalism and the related pattern of income distribution. The effects of the recession on Africa were tremendous and are still being felt today. Africa is homeland to numerous natural resources. Contrary to this‚ it is one of poorest regions in the world constituting almost 10% of the world’s population and ravaged by high
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key contacts and a network of vineyards and wine experts is important. The tacit and implicit knowledge (Schmit and Hunter‚ 1993) of the entrepreneurs is a key asset. This active network needs to be married with a proven ability to manage and grow businesses. Finally‚ for such a niche industry‚ the entrepreneurs need to truly believe in the business opportunity and be passionate about it (Chell et al‚ 1991). This combined with the tenacity to overcome potential failures is important because this is
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business categories. I will be able to describe and give examples of the five types of business ownership. A business: Produces and/or sells goods and services to customers/consumers Business Categories 1. For Profit: makes money (most businesses under this category) 2. Not for Profit: Helps others ( most government agencies go under this category) Five Types of Business Ownership 1. Sole proprietorship: A business owned by a single person What is meant by unlimited liability
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