What are the four most important financial statements? Briefly describe each Much success in today’s business world is tied in with numbers in the form of accounting and financial statements. Being able to understand and properly read these statements is a critical component in truly knowing a business and properly assessing its overall financial performance. Financial reporting is the issuance of written documents in the form of the financial statements by the companies to the shareholders
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financial benefits: * In times of economic recession‚ training offers the benefit of multi-skilling‚ where individuals can be cross-trained to perform other duties‚ obviating the need for a larger staff complement. * The skills shortage challenge is a global phenomenon and staff retention is a critical factor in the competitiveness and service delivery of all companies. According to Professor Frank Horwitz (the Director of the UCT Graduate School of Business)‚ personal growth and skills development
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Organizational Change THE TECHTRON COMPUTERS "WANT TO SURVIVE‚ GO PUBLIC‚ AND THEN WHAT?" CASE Investors (venture capitalists) knew the potential was good for Techtron Computers to challenge the dominant players in the high-speed computing market. They also knew the types of computers Techtron hoped to bring to market were a long shot for success even with their significant financial investment. The four founders of Techtron all had come from large international corporations known for their high-speed
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JOB DESIGN MEANING Job design follows job analysis i.e. it is the next step after job analysis. It aims at outlining and organising tasks‚ duties and responsibilities into a single unit of work for the achievement of certain objectives. It also outlines the methods and relationships that are essential for the success of a certain job. In simpler terms it refers to the what‚ how much‚ how many and the order of the tasks for a job/s.Job design essentially involves integrating job responsibilities
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Organizational culture influences many aspects of work life. Workplace cultures that are grounded in strong and formally articulated values and modes of behavior define an organization. Well-communicated values influence employee behavior and drive how employees relate with all stakeholders within the organizationfrom co-workers‚ management and members of the board to clients‚ shareholders and the community at large. When organizations seek to change their culture‚ HRas change agent and educator
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What kind of people are they‚ who would do such a thing to another human‚ treating them with punishments and cruelty? A story of a young girl named Anne‚ From “The Diary of Anne Frank ”she faced the grueling punishment from the Nazi concentration camps and another tale from “I am Malala” Malala faced many challenges she was shot by her own kind the Taliban just because she was standing up for girls’ education. Pursuing your dream is very important those dreams could be as simple as wanting every
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thing; to make it reality is another. Dreams often conflict with reality. Dreams require the agreement‚ willingly or forced‚ of others for their transformation. Thomas Mores’ Utopia is such a dream‚ never challenged by reality. But what if Utopia had to challenge reality? What would be its chances of viability? Would Utopia still be Utopia? Different utopias have emerged throughout the centuries;
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What is the relevance of organizational behaviour to practicing managers? According to Laurie J. Mullins‚ organizational behaviour is the study and understanding of individual and group behaviour and patterns of structure in order to help improve organizational performance and effectiveness. Organizational behaviour provide a set of tools that allow people to understand‚ analyze and describe behaviour in organization‚ also it allows managers to improve‚ enhance or change work behaviour so that
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Case Study 02 – BoldFlash: Cross-Functional Challenges in the Mobile Division Introduction: In this case study Roger Cahill has been acting as the head of mobile division for less than a year. Currently he is struggling as he faces great difficulties adapting BoldFlash to a changing marketplace. The problem really started a year ago when Mr. Jim Harrison appointed the young Roger Cahill to a VP position. Although Roger has led a research project in his previous work‚ he is only 24 years old
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ORGANIZATIONAL CULTURE ORGANIZATIONAL BEHAVIOR DIVERSITY COMMUNICATION ORGANIZATIONAL BEHAVIOR AND GROUP DYNAMICS MGT/307 July 20‚ 2010 Organizational Culture is the system of shared actions‚ values‚ and beliefs that has developed within an organization and guides the behavior of its members. Organizational Development consists of special applications of knowledge gained from behavioral science to create a comprehensive design to improve organizational effectiveness. Through the collective
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