Legitimate Power Legitimate power is also known as positional power. It’s derived from the position a person holds in an organization’s hierarchy (Owen J. 2007). This type of power results from a person being placed in a formal position of authority. A responsible pharmacist‚ for example‚ has legitimate power. Legitimate power therefore results from a person occupying a certain position in the organisational structure or hierarchy and being granted legitimate authority in such a way that individuals
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Tourism is often touted as an industry that will never shrink in size. In other words‚ as the world develops‚ more and more people will be able to travel. Although many may see this as a positive phenomenon‚ it is not a trend without drawbacks. Both the advantages and disadvantages of this topic will be analyzed before a reasoned conclusion is reached. On the one hand‚ the reduction in travel fare and the increasing of global tourism can be seen as a positive event as it promotes intercultural
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The Flower Industry 1. Is flower an emotional product? Why or why not? Flower is a very emotional product because the customer’s purchase flower’s for special occasions. They are so attached to the color of the flower because it represents a valuable treasure to them. For example‚ during the period of valentine’s roses are in high demand. Spouse’s‚ Girlfriend/boyfriend usually purchase roses to celebrate this special holiday with their love one. The rose will serve as the symbol of love‚ care
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Department of Management and Human Resources The Impact of Recognition on Employee Performance: Theory‚ Research and Practice Introduction Although money receives the most attention as a reinforcer and incentive motivator‚ and is even equated with reward systems by practicing managers‚ there is increasing evidence that contingently administered recognition can be a powerful reinforcer to increase employee performance. The purpose of this paper is to provide reinforcement and social cognitive theoretical
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Assignment On Power Sector in India INDEX Executive Summary 3 Introduction 4 History of Indian Power Sector 5 Classification of Power Sources 6 Current Scenario and Opportunities Ahead 8 Michael Porter’s 5 Forces 10 Barriers to Entry 10 Bargaining power of Buyers 11 Bargaining power of suppliers 12 Rivalry among Competitors 13 Threat from Substitutes 14 Annexures I – Classification of Power 15 II- Percentage of sectors generating power 15 III- Percentage
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C Introduction In recent years‚ much economic theory and research has looked at the phenomena of wage rigidity and involuntary unemployment1‚ and within the domain of labour economics much attention has been devoted to the phenomenon of inter-industry wage differentials. Many theories have sprung up to explain these phenomena‚ and one of these‚ Efficiency Wage Theory‚ has attempted to shed light on all three of them. In short‚ Efficiency Wage Theory states that the productivity of workers depends
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Question No. 1 You have been hired as an international investment banker by a large U.S. institutional investor who is considering purchasing HPI stock. Provide an analysis of i) China as an investment destination‚ ii) key success factors‚ and iii) HPI’s strengths and weaknesses. China‚ officially the People’s Republic of China is the world’s largest country by population and one of the largest by area‚ measuring about the same size as the United States. The country’s varied terrain includes vast
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Rewards Companies reward their employees with both tangible goods‚ as well as praise. For example‚ a sales department may offer a monthly bonus to the highest earner. Not all tangible rewards come in the form of money. Some companies host free lunches‚ or give away company gear to good workers. Many managers choose to reward their best employees by simply praising them for a job well done‚ or by recognizing the hard work they put in to a project. Workplace reward systems are incentive programs that
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Bernard C. Capellan 1st Assignment CM 609‚ International Issues in Construction July 13‚ 2014 ____________________________________ The Main Drivers of the International Construction Industry‚ Global Economy and Its Role in Developed and Developing Countries including the Philippines (Answers to Questions 1 and 3) The construction industry is one of the largest in the whole world. This industry contributes about 10 percent of the total Gross Domestic Product (GDP) of the entire global economy
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The Wellness Category- Smoothies The Wellness Category is the one of the fastest growing retail categories in the world. Obesity and health issues are becoming issues for all western countries‚ and all companies in the Wellness category are seeing massive growth. Boost is no exception. Earlier this year‚ a report by Mintel (www.mintel.com)‚ Chicago‚ showed the U.S. smoothie market hit $2 billion in sales. To quote the report‚ “Consumers are embracing the (smoothie) trend in a major way‚ and for a
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