What are the functional areas of management? Answer: There are many tasks every business needs to do if it is going to succeed. Each of these tasks is described as being a function of a business. The following is a brief introduction to each of these functions: * Human Resources - ensures the business has the best staff for the job and that they are able to work effectively in a safe environment; * Finance - will keep a record of all money coming in and going out of the business. They have
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alternative (I am loth to say rival) forecasters‚ Professor Thomas Malnight of the IMD business school in Lausanne and his colleague Tracey Keys of Strategy Dynamics Global. Looking down their ten trends‚ I find myself general in agreement (though I’m not as pessimistic as they are in number 7‚ and we have to bear in mind that a lot of what they say is more relevant to the years well beyond 2013). And quite what they mean by the "ownerless economy" in number 2 is a bit of a mystery…Still‚ well worth
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Elements of a High Performance Organization AJS/512 March 24‚ 2013 Instructor: Michele Bradford Developing and maintaining a high performances organization in today society can be challenge‚ organizations must have responsiveness‚ speed‚ and quality that is beyond the reach of individual performance. When the organization has a high performances teams generate commitment and provide the elements that inspire employees to give their very best. need to ensure that they are using an organizational
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Reflective Journal: Chapter1 Heflin Text: What are the core deficit areas? The core deficit areas of autism spectrum disorders are defined by deficits in three core areas: social skills‚ communication‚ and behavior and interests. Social skills/interactions: This affects children with autism mainly in reciprocal social interactions. These includes lack of showing‚ pointing or following objects‚ a lack of spontaneous seeking to share enjoyment with their caregiver‚ being non-responsive to their
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SOCIAL FACTORS – BUSINESS ENVIRONMENT Introduction: The main factor that affects most business is the degree of competition – how fiercely other businesses compete with the products that another business makes. The other factors that can affect the business are: Social – how consumers‚ households and communities behave and their beliefs. Legal – the way in which legislation in society affects the business. Economic – how the economy affects a business in terms of taxation‚ government spending
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Summary Cultures and organisations The Dimensions of Culture Geert Hofstede defines culture as follows: "Culture is the collective programming of the mind which distinguishes the members of one human group from another". By this definition he emphasizes that culture is not a property of the individuals‚ but of groups. It is a collection of more or less shared characteristics possessed by people who have been conditioned by similar socialization practices‚ educational procedures‚ and life experiences
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Globalization Globalization is an ongoing process of integration and interaction amongst companies‚ governments and people. It is driven by invention of new technologies and forms of communications‚ international trade and investment. In addition to economic aspects‚ globalization plays an important part in other fields. It can also be defined as the integration of economic‚ cultural‚ political‚ ecological and social systems through internationalization and interconnectedness. Globalization
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BUSINESS SCHOOL International Business Environment Assignment 1 Student ID: November 2012 CONTENTS Executive Summary 3 Introduction 4 Analysis of industry (sector) 5 Analysis of country (economy) 13 Recommendations 20 List of references 21 Executive Summary This work is a presentation of a short review of the current general economic situation in Europe‚ which includes
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Tuesday 10th February 2004 Business Studies - Portfolio In this portfolio I am going to investigate two contrasting businesses and I will be collecting information from each of them such as: ØTheir main activities‚ aims and objectives and ownership. ØHow they are organised. ØHow they communicate internally and externally. ØTheir external influences. The two businesses I have decided to investigate are Richer Sounds and the Tanning Shop. Richer Sounds Activities: Richer Sounds main activities
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Business key terms Business: an active that requires the organisation of resources to achieve a reward‚ whilst running a risk. Entrepreneur: an individual with an idea for a business. Franchise: the legal right to use the name and logo of an existing firm and sell the same products/services. Franchiser- the person selling it‚ for example‚ Macdonald’s. Franchisee- the person buying it‚ for example asda’s. Social enterprise: an activity that achieves a reward for a society. Aim: A stated
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