MARGINAL PRODUCTIVITY THEORY: A theory used to analyze the profit-maximizing quantity of inputs (that is‚ the services of factor of productions) purchased by a firm in the production of output. Marginal-productivity theory indicates that the demand for a factor of production is based on the marginal product of the factor. In particular‚ a firm is generally willing to pay a higher price for an input that is more productive and contributes more to output. The demand for an input is thus best termed
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Effectiveness and Efficiency Businesses often discuss about ways to improve their managements. Employee effectiveness and efficiency is a beneficial process for enhancing a business‚ although they may sound similar they are entirely different. Effectiveness means when a business is successful in producing the desired strategies planned by the employees‚ mainly the managers. Whilst efficiency measures the relationship between minimum inputs with a maximum output. There are common issues that
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1. What section of your organization do you belong? What section of your organization do you belong? Operations Human Resources Logistics/Sales/Supply Chain Finance Top Management Other (please specify) 2. What sector of industry does your company belong? What sector of industry does your company belong? Food/Beverages/Agriculture/Drugs Textiles‚ Garments and Accessories Wood/ Paper/Furniture/Glass/Plastics Chemical/Process/Mining/Oil and Gas Metals/Machines/Automotive/Equipments Electronics/Phones/Computers
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What challenges and opportunities do the key changes in demographic diversity in the labour market over the last fifty years provide organisations with? What broad approaches and strategies can organisations apply to minimise the challenges and maximise the opportunities? Name：WENLU YANG Tutor： AGENIESZKA Course：Managing Equality and Diversity Pin number：P12008122 Date：6th 1.0 Introduction 1 The last fifty years has witnessed significant changes in demographic diversity in the labour
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THE KEY MECHANISMS BY WHICH MANAGERS CAN IMPROVE THE MOTIVATION OF THEIR TEAMS AND HOW THEY WOULD KNOW WHEN THEY HAVE SUCCEEDED There is an increased use of teams in the workplace as they tend to produce better outcomes for an organisation as compared to the sole efforts of an individual (Kokemuller‚ 2012). It is therefore paramount to identify how to stimulate teams to perform better and to know the end results of this motivation process. Managers could motivate their teams by communicating with
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I disagree that standardized test programs would improve the education in the U.S. Test in general‚ especially big test cause individuals anxiety‚ and students find test boring and difficult. Unfortunately‚ a plethora of individuals have test anxiety. Students know how important the test is‚ therefore they worry about how well they are going to perform on the test. Students know that if they do not perform well on the test‚ they would have to attend remedial classes. When it comes to test that are
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Student respondents that have the purpose to give themselves focus on every task they make. This is telling us that drinking coffee can in fact give the drinkers‚ who are the respondents‚ a mentally alert mind that can be used to focus more when they are studying late at night despite of the percentage the survey gained. A final reason in which drinking coffee improves mental focus is that‚ it strengthens neural connections in the brain. The nutrient in the coffee itself regulates the activity of
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Business Challenge #6: To develop the best scratch resistant coating in the world for ophthalmic lenses [Titan] Background The ophthalmic lenses (spectacle lenses) consist of some base material (substrate) like CR 39‚ Polycarbonate‚ Trivex and a surface treatment is given to them to increase their hardness. Currently‚ there are 2 processes of applying this coating‚ i.e. Dip coating and Spin coating. The current scratch resistant (Hard) coating on plastic and polycarbonate lenses available in the
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A group can be defined as two or more humans that interact with one another‚ accept expectations and obligations as members of the group‚ and share a common identity. A definition of the term group should strike a balance between being sufficiently broad to include most social aggregates that are true groups and being sufficiently narrow to exclude most social aggregates that are not true groups. The following formal definition meets these criteria: A group is (a) two or more individuals (b)
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TRAINING EFFECTIVENESS ANALYSIS The process of training evaluation has been defined as “any attempt to obtain information on the effects of training performance and to assess the value of training in the light of that information.” Evaluation leads to controlling and correcting the training programme. Measuring Training Effectiveness: The training costs are significant for any business. The employers mostly incur these costs because they expect and anticipate their business to benefit from
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