researched four types of organizational culture‚ which may be accepted by companies. The first type is “the power culture”‚ which means that the power is concentrated in one person and dominated by one person in the company (Greener‚ 2010). One person influences all decision-making. A type of organization with this cultural type is able to solve problems and provide solutions easily‚ however solutions depend on the central person for their success. The fact is that with this cultural type it is difficult
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deserving minority. Design a reward system to reward like Anne and Dougie Motivation and reward systems have to be implemented successfully in order to ensure high and excellent performance from employees. Employee reward and recognition system is considered as very effective motivating tools and should be an ongoing efforts to be effective. When certain single rewards‚ will be offered then frustration and dissatisfied employees will be recorded. An effective rewards system will result in great benefits
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TYPES OF CONTRACTS The risk shared between the buyer and seller is determined by the contract type. Although the firm-fixedprice type of contractual arrangement is typically the preferred type which is encouraged and often demanded by most organizations‚ there are times when another contract form may be in the best interests of the project. If a contract type other than fixed-price is intended‚ it is incumbent on the project team to justify its use. The type of contract to be used and the specific
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Types of Economies What is an economy? An economy consists of the economic systems of a country or other area; the labor‚ capital‚ and land resources; and the manufacturing‚ production‚ trade‚ distribution‚ and consumption of goods and services of that area. A market based economy may be described as a spatially limited social network where goods and services are freely produced and exchanged according to demand and supply between participants (economic agents) by barter or a medium of exchange
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ERFORMANCE AND REWARD MANAGEMENT (DHRM 026) 2010 (2) From KeMUWiki Jump to: navigation‚ search FACULTY : BUSINESS AND MANAGEMENT STUDIES DEPARTMENT : BUSINESS ADMINISTRATION TIME : 2 HOURS [pic] INSTRUCTIONS Answer Question ONE and any Other TWO Questions [pic] Question 1 a) Define the term performance management. (5marks) b) Distinguish between Reward strategy and Reward policy giving examples of each. (15marks) c) Discuss the major components of reward management. (10marks) Question 2 a) As a
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Understand the specified conditions and ascertain whether you are eligible for filling the form Now that we are right in the middle of the financial year‚ it is time to revisit an old but extremely significant issue — that of saving tax deducted at source (TDS) with the help of filing Forms 15G and 15H. The conditions under which Form 15G and 15H may be filed are similar yet with a significant difference. But some taxpayers end up filing the form when they are not eligible to and vice versa. Basically
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1. Voidable Contract: An agreement which is enforceable by law at the option of one or more of the parties thereto‚ but not at the option of the other or others‚ is a voidable contract. A contract is voidable when one of the parties to the contract has not exercised his free consent. One of the essential elements of a formation of a contract for example‚ free consent‚ is absent. All voidable contracts are those which are induced by coercion fraud or misrepresentation. The person whose consent is
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Not for profit organization: A non profit organization (NPO) is an organization that uses surplus revenues to achieve its goals rather than distributing them as profit or dividends. While not-for-profit organizations are permitted to generate surplus revenues‚ they must be retained by the organization for its self-preservation‚ expansion‚ or plans.[3] NPOs have controlling members or a board of directors. Many have paid staffs including management‚ while others employ unpaid volunteers and even
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resort to end the life of a patient with little or no potential for quality of life. There are three types of euthanasia. The first is voluntary euthanasia which is legal in some countries such as Switzerland ‚ as well as in the states of Oregon and Washington in the United States. It is possible to perform euthanasia only with the consent of the patient. The second form of euthanasia is non-voluntary and is illegal in all countries. However‚ it could be carried out in a situation where patients
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b. Non Verbal Communication (1) Importance of Non-Verbal Communication : Non-verbal communication is a communication that involves neither written nor spoken words. Non- verbal communication is also known as visual communication. In. non-verbal communication‚ we are concerned with such‚ things‚ as body movements‚ gestures‚ facial expressions‚ postures‚ space‚ time‚ symbols &. signs‚ voice tone‚ colour etc. The Importance of Non-verbal communication can be known through the following points
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