A core competency is a concept in management theory originally advocated by C. K. Prahalad‚ and Gary Hamel‚ two business book writers. In their view a core competency is a specific factor that a business sees as being central to the way it‚ or its employees‚ works. It fulfills three key criteria: 1. It is not easy for competitors to imitate. 2. It can be re-used widely for many products and markets. 3. It must contribute to the end consumer’s experienced benefits. The importance of the
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2011-2012 Assessment 1 Nick would be suing Angela claiming the full arrears and the return of the car. Nick can only succeed if he can prove there is no consideration. Consideration can be defined by Sir Frederick Pollock‚ approved by Lord Dunedin in Dunlop v Selfridge Ltd [1915] AC 847 where each party must give something in return from what is gained from the other party; ‘An act or forbearance of one party‚ or the promise thereof‚ is the price for which the promise of the other is bought‚ and
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MNO2007 LEADERSHIP AND ETHICS‚ S2 2013-‐ 2014 Lecturers: Dr. Daniel J. McAllister bizdjm@nus.edu.sg BIZ1 #8-‐58 Dr. William Koh bizohlk@nus.edu.sg BIZ1 #8-‐50 Dr. Irene E. De Pater biziren@nus.edu.sg BIZ1 #8-‐56 Module Description This module explores
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The transformational model strives‚ and comes close‚ to success because this model operates on the precept that transformation “is a complete regeneration of our being‚ thinking‚ and doing that works itself out in our families and communities. It is not something that is achieved by external force or theories of social change but by a work of God in the heart. It is reflected in communities that are compassionate‚ just‚ and free.”[ ] The inadequacy of this model results from an insufficient
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Hydraulics Prof. B.S. Thandaveswara 9.3 Application of Specific Force and Specific Energy 1. Determine the energy Loss in a NHJ Solution: Applying Momentum equation γQ ( V2 − V1 ) = P1 − P2 g γ Q 2 ( y1 − y 2 ) gb 2 y1y 2 2 2 2 = y1 − y 2 ( ) Q2 2gb Q2 b 2 = ( y1 + y2 ) y1y2 4 = q2 q 2 ( y1 + y 2 ) y1y 2 = (1) 2g 4 Specific energy equation y1 + V12 V2 = y 2 + 2 + ∆E 2g 2g Q2 2 2gy1 b 2 ∆E = y1 + − y2 − Q2 2 2gy 2 b 2 1 ⎤ q2 ⎡ 1 ∆E = ( y1 − y
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“Leadership cannot be taught or learned” (Drucker‚ 1955). Critically evaluate this statement. Peter Drucker as one of the best known writers and management consultants wrote that “Leadership is of utmost importance. Indeed there is no substitute for it. But leadership cannot be created or promoted. It cannot be taught or learned.” (Drucker‚ 1955) He held the view that leadership is a talent. The purpose of this essay is to
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What is core banking? Initially when banks expanded to different cities and states‚ they provided branch specific banking. So if a customer has a bank account with a bank in city A‚ he cannot use the services of a branch in city B. The bank would usually delay the processing of financial instruments issued from some other branches to 2-3 working days. Then came the concept of Core Banking. Wherein‚ a customer who has an account with the bank can use any of its branches irrespective of the city
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1.0 Introduction 1.1 Consideration Consideration is also known as element of exchange. To be a contract‚ the transaction must be supported by consideration. According to general rule‚ s. 26 of CA state that an agreement made without consideration is void. We can define consideration as the price paid for benefit received or is an exchange of promises. It means that something with monetary value‚ voluntarily exchanged for an act‚ benefit‚ forbearance‚ interest‚ promise‚ right‚ or goods or services
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Leadership Case Study Introduction The leader chose in this case study is Mr. Samuel Moore Walton (March 29‚ 1918 – April 5‚ 1992). He was an American businessman and entrepreneur born in Kingfisher‚ Oklahoma in USA and the founder of American retailers Wal-Mart and Sam’s Club.[1] Sam Walton began his retail career when he started work at a J.C. Penney store in Des Moines‚ Iowa in 1940. In 1945‚ he met Butler Brothers‚ a regional retailer that owned Ben Franklin chain stores and that offered
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Leadership Analysis August 31‚ 2013 The rent a car industry is a very fast paced environment‚ specifically provides cars and airport transportation to over 250 travelers per day. The day of the week and the time of the day dictate the flow of customers. It can be painfully slow early in the morning‚ however between 10 AM and 1 PM 70% of the daily business happens. With this been consitent‚ the team struggles on a daily bases during pick hours. The attempt of the following
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