performance of an organization. Business model is a strategic design for how a company intends to profits from its strategies‚ work processes and work activities. In addition‚ business model focuses on two things: * Whether customer will value what the company is providing * Whether the company can make any money doing that Why is strategic management important? * Higher organizational performance * Requires that managers examine and adapt to business environment changes * Focus
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OUTCOME 2: Understand how to receive and transfer telephone calls – 2.1 Describe how to identify callers and their needs Identify callers needs Start with open questions‚ use active listening‚ don’t interrupt the caller. Clarification of actual situation/facts Ask pertinent questions‚ go over what the caller has said and ask if this is right. Find out what user knows already Ask what information was previous given‚ have respect for the callers attitude without adopting it. Transition providing
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Business Case Study: Siam Canadian Food Co.‚ Ltd By 510009196 Introduction of the Company : SIAM Canadian Foods‚ founded and managed by Jim Gulkin‚ is a Bangkok-based Canadian-owned company that has been involved in the seafood brokerage business for almost 10 years. It was started in April 1987 after Canadian Jim Gulkin quit his job in the oil industry and invested his life saving of Cdn$130‚000 in the business. When first starting out
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of scale‚ eliminate duplicated functions‚ share managerial expertise‚ and raise larger amounts of capital. These distinguishing features had made Nicholas Anaptyxi‚CEO of Paragon to battle it out with his colleagues to acquire MonitoRobotics.The case study portrays Nicholas as a visionary and a hard-driving builder who belonged to the same thought of train as his father. They both believed that to get better they had to grow bigger. He had worked in WRT‚Cleavland where he climbed up the ranks due
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Group 5- Coal E-Auction Business Marketing- Case Study 9/4/2013 Great Lakes Institute of Management‚ Gurgaon Ankush Vashisht‚ Anurag Kashyap‚ Kanika Matta‚ Rejith Ravindran‚ Shalabh Shrivastav Introduction: Mining in India is a major economic activity which contributes significantly to the economy of India. The GDP contribution of the mining industry varies from 2.2% to 2.5% only but going by the GDP of the total industrial sector it contributes around 10% to 11%. India has the fifth
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A production concept is the oldest of the concepts in business. Business concerned itself primarily with production‚ manufacturing‚ and efficiency issues. It holds that consumers will prefer products that are widely available and inexpensive. Managers focusing on this concept concentrate on achieving high production efficiency‚ low costs‚ and mass distribution. They assume that consumers are primarily interested in product availability and low prices. This orientation makes sense in developing countries
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Financial Accounts The Assignment Liam O’Brady owns a business selling musical instruments. The following trial balance has been extracted from the books of account at 31 October 2012. Dr Cr £ £ Bank balance 19281 Capital balance as at 1 November 2011 61489 Carriage inwards 480 Carriage outwards 2110 Discounts 664 811 Drawings 28650 Fixtures and fittings – at cost 62200 Fixtures and fitting – provision for depreciation
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McDonald’s in it business operations for the three functions:-1) development of the workman and the scientific education2) the method of performing every job3) and the system of rewardingSo that they can meet the goals 7. TRAINING The scientific training is also one considered to be one of the important principles in the scientific management. The company also has the strong tradition and belief that the training have known for their values as the bottom line for their business. There is also
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Overview of the Business: ABC Learning Ltd was an Australian provider of early child hood education services‚ founded in Queensland in 1988‚ that through its 18 centres was the largest single operator of early childhood education services in Australia by 1997. Led by founder Eddy Groves‚ ABC Learning Ltd continued to grow‚ through the opening of new centres and the acquisitions of rivals i.e. peppercorn Childcare in 2004 in which 450 centres were purchased for $340 million. “By 2008‚ ABC Learning
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with service levels‚ pay per milestone crossed options and even offer returning fees or no pay if targets are not met. All this‚ with the least amount of face to face interaction with your supplier! Yes‚ the world has shrunk and most of us do business with folks from around the world. This practice is only increasing in popularity and companies are now working towards mitigating the cons listed in the table above. Some disadvantages |Existence of ‘hidden costs’ that arise due to cultural
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