LAW OF AGENCY The law relating to agency in Kenya is contained in the Factors Act 1889 and the common law as modified by the doctrines of equity. Agency may be defined as a legal relationship that exists between a person called the agent is considered by law to represent another known as the principal in such a way as to affect the principal’s legal position in relation to 3rd parties. It has also been defined as a relationship where a party expressly or implied consents that the other should
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Agency Theory Agency theory is widely used in different companies‚ businesses and organizations Agency Theory is basically about the association between the boss‚ which is the Principal‚ and the worker‚ which is the Agent. A good example for an application of the Agency Theory would be sharecropping‚ where the Principal is the landowner and the Agent is the farmer. Another example for the Agency Theory in a more familiar organizational structure would be the relationship between a company’s shareholders
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Running head: BUSINESS PROBLEM PROPOSAL Business Problem Proposal University of Phoenix Business Problem Proposal Wal-Mart is a worldwide retail company. In 2008‚ Wal-Mart operated 971 discount stores‚ 2‚447 super centers‚ 132 neighborhood markets‚ and 591 Sam’s Clubs in the United States (MarketLine‚ 2008). The company is headquartered in Bentonville‚ Arkansas and employs about 2.1 million people worldwide. The business problem to be illustrated is the high employee turnover that Wal-Mart experiences
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From Tokyo to Seattle the Starbucks brand is one that is symbolic of a successful business. The success of Starbucks has been built on international partnerships as the business aspect of bringing in coffee beans from businesses that share the same values of Starbucks. There has to be a marriage of the companies in order to do business. Financially this affects Starbucks in that if a company they do business with does something wrong or acts unethically it falls back on the Starbucks brand.
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Task 1 Conduct desk research Consider the air travel industry’s environment‚ conduct research on the main forces in the macro environment facing air travel industry companies. Based on your research prepare a report. Your report should cover the following information a)Background of the research Industry Specific Metrics Aircraft Utilization: The most basic metric for an airline is aircraft utilization. This is a measure of the average number of hours that each aircraft is flying in each 24
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Business Proposal: Economic Analysis of Solar Clean Stacia Brocco ECO/561 November 18‚ 2013 Peter Oburu‚ PhD. Economic Analysis of Solar Clean The following economic analysis for Solar Clean provides a scorecard of internal conditions and external influences that outline potential benefits and disadvantages of the viability of this company. Through a detailed analysis of the market structure‚ elasticity of demand‚ finances‚ pricing strategies‚ and barriers to entry‚ informed decisions on future
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intension to be used for a particular time frame but many are short lived due to factors such as being ineffective or competition in the market place. ADVERTISING AGENCY An advertising agency is an agency that designs advertisement to call public attention to its clients. | | Following are the departments in an advertising agency:- 1. ACCOUNTS DEPARTMENTIts first function is strategy planning and research. Interpretation of consumers (Target Audience) and advertisement research from the brand’s
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THE NATURE OF AGENCY RELATIONSHIP The need to appoint another person to perform one act or another on one’s behalf assumes greater proportion daily. This is so because of the rapid economic developments that has taken place in the recent years. A party may want to do many things but because of lack of time or expertise‚ he is compelled to appoint another person to act on his behalf and whatever that other person does will be binding on him. The question is: ‘Who is an agent?’ An agent is one who
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There are two types of employment agencies‚ recruiting and staffing. These can both be good tools to use in your job search. A recruiting service matches your skills with a permanent full time position. They are also called headhunters or executive search firms. Basically what they do is look for qualified candidates for different employers. Most of the time the employer pays the fee to the recruiting service and the recruiting service recommends you for the job if you are qualified. I guess this
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GOVERNMENT Governments are involved with tourist organizations at both international and national levels. The role of government is an important aspect of tourism which involves policies and political philosophies. In the developing countries‚ where tourism is still new‚ the public sector controls tourism activities‚ where they have Ministry of Tourism (e.g. Embratur in Brazil)‚ which have the following duties: Licensing‚ supervision and control of the different components of the tourism industry
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