unusable 4. Core values- Values that should never change; “bedrock principles” 5. Corporate-level strategy- Answers the questions: “What business are we in?” and “What business should we be in?” 6. Forecasting- A planning technique used by an organization’s managers to concentrate on developing predictions about the future 7. Functional-level strategy- Focuses on the major activities of the company: human resources management‚ research and development‚ marketing‚ finance‚ and production 8. Grand
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Explain the main principles of the classical forms of Utilitarianism (25 Marks) Utilitarianism was first created by Jeremy Bentham‚ he believed that human beings were motivated by pleasure and pain so he can be called a hedonist. Bentham said that all human beings pursued pleasure and wanted to avoid pain. As a hedonist‚ he believed that pleasure was the sole good and pain was the sole evil. He said ‘an action is right if it produces the greatest good for the greatest number’ this is where the greatest
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ratio of the estimated accounting profit of a project to its average investment. It is an investment appraisal technique. ARR ignores the time value of money. * Accounting rate of return‚ also known as the Average rate of return. or ARR is a financial ratio used in capital budgeting. The ratio does not take into account the concept of time value of money. ARR calculates the return‚ generated from net income of the proposed capital investment. The ARR is a percentage return. Say‚ if ARR = 7%‚
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Part 1: Principles of Effective CommunicationChapter 1: Foundations of Management CommunicationChapter 2: Setting GoalsCase: Yellowtail Marine‚ Inc.Chapter 3: Audience AnalysisCase: Weymouth Steel CorporationChapter 4: Point of ViewCase: Smith Financial CorporationChapter 5: Message: Content and ArgumentCase: Cuttyhunk Bank (A)Chapter 6: StructureCase: McGregors Ltd.Department Store Chapter 7: Choosing MediaCase: The Timken Company Chapter 8: Style and Tone Case: Vanrex‚ Inc.Part 2: ApplicationsChapter
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The Guide to Traffic Management covers the following areas: Part 1: Introduction to Traffic Management Introduction to the discipline of traffic management and an overview of the structure and content of the guide: • practical context‚ definition‚ principles and objectives • functional road hierarchy • basic elements of traffic management • use of the guide. Part 2: Traffic Theory Introduction to the characteristics of traffic flow and the theories‚ models and statistical distributions
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Ten Keys to Successful New Consumer Products Lane J. Anderson Creating and launching new products successfully isn’t easy. In fact‚ the industry track record for new product success is dismal. A couple of recent studies place the failure rates as high as 95% in the United States1 and at 90% within two years in Europe.2 Getting beyond the five-year mark with a strong‚ profitable business is an accomplishment. While there are no golden paths to new or existing product success‚ there are a number
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Lesson 17 : FOUNDATION OF GROUP BEHAVIOUR 1) Definine Groups. Explain the different types of Groups. We can define "group" as more than two employees who have an ongoing relationship in which they interact and influence one another’s behaviour and performance. The behaviour of individuals in groups is something more than the sum total of each acting in his or her own way. Groups can be either 1) Formal or 2) Informal 1. Formal Groups: are set up by the organization to carry out
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Fayol’s 14 Principles of Management 1) Division of Work: This principle of Fayol tells us that as far as possible the whole work should be divided into different parts and each individual should be assigned only one part of the work according to his ability and taste rather than giving the whole work to one person. When we divide work then the efficiency will increase‚ such as increase in the quality of work‚ increase in the speed of production‚ decrease in the wastage of resources.
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Financial Management Questions bank Note: these questions could be increase over the time: Chapter 1: The Role of Financial Management Top of Form 1 1. "Shareholder wealth" in a firm is represented by: [pic]the number of people employed in the firm. [pic]the book value of the firm’s assets less the book value of its liabilities. [pic]the amount of salary paid to its employees. [pic]the market price per share of the firm’s common stock. 2. The long-run objective of financial
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5 Management Principles/Concepts Management is the concept of getting work done through others. This concept began evolving in the 1880’s from being ideas and practices into a field of study. In Chuck Williams’ recent edition of “Management”‚ he establishes that there were several instrumental influences on the paradigm shift in the field of management. Those parties include but are not limited to‚ Fredrick Taylor‚ Frank and Lillian Gilbreth‚ Henry Gantt‚ and Henri Fayol. These parties developed
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