Working capital management is crucial to a company’s goals and planning function. Proper management of working capital can mean that difference between a company’s ability to carry out pre-planned strategic goals and becoming stagnant and losing its competitive edge. A company’s current assets typically end up being its most liquid assets‚ which makes them some of the most valuable when it comes to making corporate decisions. Working capital management is defined as a “managerial strategy focusing
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Virtual teams were almost unheard of a decade ago‚ but today they are an integral part of every organization. The recent “offshore outsourcing” trend and the growth of the Internet and similar globally linking technologies are major contributor to the increase in the use of virtual teams. Virtual teams are made up of people working on interdependent tasks and interacting largely via communication technology to achieve a common goal without concerns of time and space. Such teams carry out many critical
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For some time working mothers have been blamed for the neglect of their children‚ the breakdown of the family‚ and the decline of our society. Rather than the female workforce consisting mainly of women who either have adult children or are childless‚ recent decades have witnessed a growing proportion of employed women with children‚ especially young children Recent statistics show that 42 per cent of mothers with children aged newborn to four years are employed. The question we
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TEAM COHESION: The purpose for team coaching is to strengthen synergy within the team. After we analyzed your company’s information‚ we found that work coordination between older and younger staff in your company can be improved in order to make daily operation more efficient. In addition‚ we think that communication is an important factor for every service team which aims at delivering high quality services to their customers. Therefore‚ we suggest that team communication channels can be increased
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Jessica Lafferty English 111 Mrs. Horne June 24‚ 2013 Working at McDonald’s By: Amitai Etzioni Amitai Etzioni wrote a short story called‚ “Working at McDonald’s.” As we know most parents want their kids to start working during high school in order to learn responsibility. Etzioni talks about how it is not educational for a teen to start working while in high school‚ because most teens will work part time at some fast food joint. He states‚ “But in fact‚ these jobs undermine school attendance
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Virtual Teams in Action: Building the F-35 Fighter Case Study 1 By: Alyssa Dimeck MGT 404 10/09/2011 Professor Samuel Palmeri Virtual Teams in Action: Building the F-35 Fighter CASE SUMMARY The U.S. Department of Defense is known for their F-35 Lighting II Program; the focal point for defining affordable next generation stealth fighter aircraft. In 2002‚ the Department of Defense announced Lockheed Martin Aeronautic as the designer and builder of the fighter with Northrop Grumman and
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Team learning. Hackman (1983) defines team as a social system that consists of at least two members who share responsibility for a team product or service‚ recognize themselves as a group and are recognized as such by others as well. According to Senge (1990‚ p.220)‚ “Team learning is the process of aligning and developing the capacity of a team to create the results its members‚ truly desire. It builds on the discipline of developing shared vision. It also builds on personal mastery‚ for talented
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To what extent does team work lead to empowerment? The term team work is often times viewed by others as a group of persons working towards achieving a common goal. This view is often echoed by employers who view team work as a group of employees working towards achieving organisational goals which would equate to increased revenues for the organisation. Empowerment on the other hand has been viewed as bestowing some level of autonomy on employees in an effort to build their self esteem and also
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Team Building Team building refers to the process of establishing and developing a greater sense of collaboration and trust between team members (Wikipedia‚ 2007). Interactive exercises‚ team assessments‚ and group discussions enable groups to cultivate this greater sense of teamwork. Team building is used in many contexts‚ for example in sport and work organizations. Need for Team Building Modern society and culture continues to become more fluid and dynamic. The effect of this environment is
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In order to increase efficiency and effectiveness‚ a group effort is required. The creation of teams has become a key strategy in many organizations. Team building is used to improve the effectiveness of work groups by focusing on any of the following four purposes: setting goals and priorities‚ deciding on means an methods‚ examining the way in which the group works‚ and exploring the quality of working relationships. A cycle then develops; it begins with the awareness or perception of a problem
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