http://changeminds.wordpress.com/tag/success-of-suhas-gopinath/ http://articles.timesofindia.indiatimes.com/2012-07-26/nagpur/32868366_1_software-companies-corporate-social-responsibility-english INTRODUCTION SUHAS GOPINATH Mr. Suhas Gopinath‚ now aged 26‚ a resident of Bangalore and hails from a middle class family‚ where his father
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Unit – I Nature & Scope of Managerial Economics Contents Fundamental Economics Concepts: Opportunity Cost‚ Discounting principle‚ Time perspective‚ Incremental reasoning‚ Equi-marginal concept. Marginal concept in economics. Economics of information: Risk‚ Uncertainty‚ Asymmetry of information‚ Adverse Selection‚ Market Signaling. The theory of firm; Econometric Models & Economic optimization. ____________________________________________________________________________________
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The Nature and Scope of Managerial Economics Managerial Economics • Managerial economics‚ meaning the application of economic methods in the managerial decisionmaking process‚ and it is a fundamental part of any business. This is happening for several reasons It is becoming more important for managers to make good decisions and to justify them‚ as their accountability either to management or to shareholders increases. Number and size of multinationals increases‚ the costs and benefits
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UNIT-1 THE NATURE AND SCOPE OF MANAGERIAL ECONOMICS Nature Of Managerial Economics Managerial Economics and Business economics are the two terms‚ which‚ at times have been used interchangeably. Of late‚ however‚ the term Managerial Economics has become more popular and seems to displace progressively the term Business Economics. The prime function of a management executive in a business organization is decision-making and forward planning. Decision-making means the process of
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Managerial Economics Home Work-I Solutions 1. The Potomac Range Corporation manufactures a line of microwave ovens costing $500 each. Its sales have averaged about 6‚000 units per month during the past year. In August‚ Potomac’s closest competitor‚ Spring City Stove Works‚ cut its price for a closely competitive model from $600 to $450. Potomac noticed that its sales volume declined to 4‚500 units per month after Spring City announced its price cut. a. What is the arc cross elasticity of demand between
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• Describe the nature of work at GM and Ford that makes high-performing employees want to leave voluntarily. 1. Work environment became turmoil. 2. The company continue downsizing 3. Ford and GM will give every single hourly employee a buyout “offer‚” while the number of Chrysler workers being encouraged to leave will also be substantial. 4. More bribes & many jobs are a vicious. • In general what are some of the unique challenges in retaining values talent at the same time an organization
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The Nature of Police Work The myth of police as crime-fighters has been conveyed to the American people through television dramas‚ comic strips‚ and newspaper articles. It conjures up in one’s mind an image of a police officer doing a dangerous job that requires him or her to outshoot‚ outpunch‚ and outwit dangerous criminals. For most American police‚ there is little correspondence between this image and reality. In a major metropolitan area (where crime rates are the highest)‚ half of the officers
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ICANAQEUENT SCIENCE Vol‚ U‚ No‚ 3‚ Oetend their time.* But in no part of this literature is the actud content of mana^rial work systematically and mesuDingfuUy described.* Ttus‚ the question posed at the start—^what do managers do?—remains essentially uiumsw^ed in the literature of management. This is indeed an odd situation. We clfum to teach management in ashools of both business and public administration; we tmdertake major research programs in management; we find a growii^ s^ment of the
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Nature of the Work for Real Estate Brokers and Sales Agents One of the most complex and significant financial events in peoples’ lives is the purchase or sale of a home or investment property. Because of the complexity and importance of this transaction‚ people typically seek the help of real estate brokers and sales agents when buying or selling real estate. Real estate brokers and sales agents have a thorough knowledge of the real estate market in their communities. They know which neighborhoods
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Chapter 1 1 Introduction Economics and managerial decision making 2 Economics: The study of the behavior of human beings in producing‚ distributing and consuming material goods and services in a world of scarce resources Management: The science of organizing and allocating a firm’s scarce resources to achieve its desired objectives Managerial economics: The use of economic analysis to make business decisions involving the best use (allocation) of an organization’s scarce
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