investigated under two different approaches on corporate value maximization: Shareholder Approach and Stakeholder Approach. So‚ firstly both approaches are defined briefly. Secondly‚ compare and contrast of shareholder and stakeholder approaches is made. Keywords: Purpose‚ Corporation‚ Value Maximization‚ Shareholder Approach‚ Stakeholder Approach. Shareholder Approach on Value Maximization: Shareholder approach on value maximization focuses the corporation’s purpose on maximizing
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Introduction Prior to researching this topic‚ my impression of management was limited. My concept was meshed within the framework of business and economics. Therefore‚ my definition of this construct was in error. For rectification‚ and foundational reference‚ management is the process of directing resources towards the accomplishment of a specific goal. This definition‚ one that I have derived from the compilation of many‚ incorporates two key variables. The first operative word in this definition
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1 WHY DO PEOPLE TAKE VITAMINS? Why Do People Take Vitamins? Tanya Goodden Thammasat University Author Note ID: 5306643xxx Business English Communication Program‚ Thammasat University. Correspondence concerning this paper should be addressed to Tanya Goodden‚ Business English Communication Program‚ Thammasat University‚ Thailand. E-mail: xxx@hotmail.com EB 333 2 WHY DO PEOPLE TAKE VITAMINS? Abstract This research was performed to determine the main factor that influences people‟s
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Do you think that advertising should be restricted? Why? What form(s) should this restriction take? Advertising is beginning to dominate today’s society‚ brainwashing young‚ vulnerable viewers. Advertising has and will affect everyone‚ whether it’s a new facial wash on a TV advert or the latest mobile phone on a billboard‚ each uses the same manipulation technique to persuade the viewer. Advertising has always affected people of many ages in both positive and negative ways‚ so why is it only now
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Chapter 4 4.1 4.2 4.3 4.4 4.5 Value Management Methodology Information Phase Function Analysis Phase Creative Phase Evaluation and Development Phases Implementation and Follow-up Phases Lecture_5 & 6 by Sbasu 1 31/03/08 VM Notes (draft) Chapter 4: Value Management Methodology 1. Confirm Study objectives Information Phase 2. Confirm scope Information Phase 3. Build knowledge and understanding of the entity and its context elements of value) and establish success criteria Information
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INDUSTRIAL COURT OF MALAYSIA CASE NO: 23/2-341/11 BETWEEN SARAWAK BANK EMPLOYEES’ UNION VS SARAWAK COMMERCIAL BANKS ASSOCIATION AWARD NO: 761 OF 2012 SUMMARY OF THE CASE According to the case the dispute is between Sarawak Bank Employees’ Union (’’the Union’’) and Sarawak Commercial Banks Association (’’the Association’’). The dispute is over the incorporation of ’’higher similar benefits’’ by way of variation into the 12th Collective Agreement for the period commencing
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How to improve the effectiveness of Performance appraisal in China Introduction According to ACAS(1997)‚ Performance appraisal (PA) is a western management concept. It regularly records an assessment of an employee’s performance‚ potential and development needs‚Functions as an opportunity to take an overall view of work content‚ loads and volume‚ to look back on what has been achieved during the reporting period‚ and agrees objectives for the next. This definition clearly shows that PA offers a
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PERFORMANCE MANAGEMENT SYSTEM: Performance management system is used by the organization to drive behaviors from the employees to get specific outcome. Performance management began around 60 years back. “Employee performance Management is a process for establishing a shared workforce understanding about what is to be achieved at an organization level. It is about aligning the organizational objective with the employees’ agreed measures‚ skills‚ competency requirements‚ development plans and the delivery
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How to boost tourism in Singapore? (Taking into consideration of hotel and food & beverage) table of contents 1. Introduction 2. Singapore Tourism Board (STB) 3. Overview of the trend of Singapore’s tourism 4. The impacts of tourism in Singapore perspective 5. Current situation of Singapore tourism 6. Strategic response for the situation 7. Conclusion 8. References | Introduction Tourism is known as a tertiary industry because it deals mainly with the provision of services
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History and Culture It was very common to read about Marks and Spencer as ‘one of the best managed and admired businesses in the world’ (Mellahi et al 2002). The company had enjoyed a great success in the retail sector. Marks and Spencer commenced its business activity in Leeds in the late 19th century‚ as a family-run shop‚ with strong values. Since then and for many years after‚ it became popular for its alternative way of business‚ in comparison to other British retailers (Mellahi et al 2002). It
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