“All Managers are HR Managers?” Executive summary: In this paper the relationship between managers and HR managers will be discussed with regard to some of the primary HRM practices‚ such as recruitment‚ performance appraisal‚ compensation and benefits‚ and training & development. The importance of HR to organizational success is discussed highlighting the importance of HR and its use as a strategic tool. Both HRM and management are reviewed and the interrelationship between the two is established
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not allowing everyone to extract everything in the ground just to have a big amount of money. Responsible mining may need to be context-specific and give consideration for the diversity of ecosystems among Philippine islands. Responsible mining in the Philippines should be followed by everyone specially mining companies. Greater understanding for the science that leads to more responsible mining will be needed by practitioners and the communities‚ where mining is proposed‚ to guarantee the
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Market segments allow companies to create product differentiation strategies to target them. Criteria for segmenting An ideal market segment meets all of the following criteria: * It is possible to measure. * It must be large enough to earn profit. * It must be stable enough that it does not vanish after some time. * It is possible to reach potential customers using the organization’s promotion and distribution channel. * It responds consistently to a given market stimulus. * It
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Nguyen November 6‚2012 1. Conditions for profit maximization are: a) Difference between total revenue (TR) and total cost (TC) is maximized; b) Marginal revenue (MR) should be equal to marginal cost (MC) Explanations: If we assume that the company is facing a downward – sloping curve and it produces just one single product a) Profit = TR – TC. Profit will increase if TR increases and TC decreases. If company wants profit maximization‚ it should be TR maximization and TC minimization. The
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For-Profit Education For-Profit education has been present for many years however has recently become a popular commodity. The for-profit educational world has been gaining popularity for a number of reasons. These include such aspects as access‚ student population‚ financial cost‚ etc. This paper will explore For-Profit education‚ a brief history‚ the students these institutions aim to serve‚ the intended focus of For-Profits and quality‚ the impact on higher education‚ and the roles of student
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For Profit Vs. Not For Profit organizations: I would like to start with the more interesting type of organizations to discuss and that is not for profit organization (NPO). The first advantage to NPO is simply tax exemption (IRS‚ 2012)‚ once an organization meets certain criteria and is approved as a NPO‚ it doesn’t pay tax on its income. It is very important to understand here that the money saved from not paying tax is reinvested in such organization to either continue providing the type of services
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amounts which are set aside out of the profits for a specific purpose e.g. provisions for bad debts‚ doubtful debts or depreciation‚ etc. These provisions are made in view of some expected events. Any expected loss in the future relating to the current accounting period must be charged (i.e. debited) to the profit and loss account of the current period. Similarly‚ any expected gain in the future relating to the current year must be credited to the profit and loss account of the current year. N
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Oconomo plant has been in the operations since 1921 whereby it has provided residents with income. This means that the plant is quite important to the society simply because it provides employment opportunities. Of the greatest issue currently is that the company is working at a high cost which means it’s not going to realize its objectives thus a change is needed. This essay will look at some of the forces that drive Oconomo plant to anticipate for change‚ changes that are required to be done and
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1. Motivation should be perceived as an on-going process whereby managers continue to uplift their employees in striving for organisational excellence (Robbin‚ Odendaal and Roodt‚ 2003). Managers should intensively stress the significant of perseverance‚ that even though rewards have been cut‚ perseverance will lead them to their former financial stability and in turn return those rewards. Managers are to make sure that employees see the same direction that they see and ensure employees that their
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A Good Manager And A Bad Manger In this world‚ there are good and bad managers. What’s more‚ since people started working‚ they have been complaining. For example‚ many people disagree about managers. Whereas some people will see a manager as good‚ others will not. There are two managers this essay will mention‚ but their names have been changed to protect their identities. Mike and Jake have different personalities. Mike is a good manager‚ but Jake is not. For this‚ people get to disagree
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