Trade Barriers Trade barriers are created to encourage domestic players by making it more difficult for foreign firms to compete. Traditionally‚ India has had several types of trade hurdles for foreign exporters‚ such as‚ Import Quotas‚ Subsidies‚ Trade Samples and Tariff/Duty. The most critical barrier to trade is tariffs or the tax imposed on imports. High tariffs in several sectors continue to bar foreign businesses from increased market access. Red-tapism and Corruption Traditionally
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Compensation Compensation has a different definition to different organizations. According to Dictionary.com‚ “compensation is defined as the act or state of being compensated or something is received or given as an equivalent for services‚ debt‚ loss‚ injury‚ etc.” In the business world‚ compensation is the total monetary and non-monetary pay and benefits provided to an employee by an organization for performing their job duties as specified and required. Compensation is based on numerous
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Collectivisation What? Communal farms‚ Kolkhoz‚ were set up all over the countryside‚ for a variety of different reasons. Stalin planned to merge all the small farms onto larger ’collective’ farms. These new larger farms (Kolkhoz’s) would pool labour and resources‚ and therefore would operate more effectively and efficiency. In addition‚ state provided tractors and fertilisers would modernise production‚ again making the operations more efficient. Why? Stalin had a variety of different
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assets to any business; they are vital to the internal business operations success and corporate effectiveness. Company’s employees represents the organization’s values and culture‚ which is primordial for its reputation. It is therefore important to invest in the right employees for the long-term success and quality of service of a company. Human resources (HR) recruitment and selection play a crucial role for company’ success. This case study assesses HR recruitment and practices of Novellas Healthcare
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Master of Business Administration (MBA - HR)Year I‚ Semester II | Course Title: Compensation Management-BAH 622 | Handout | | | | March 2013 | MASTER OF BUSINESS ADMINISTRATION: COURSE OUTLINE 1. IDENTIFYING INFORMATION: Course Title: Compensation Management Course Code: MBAH 622 Credit Hour: 2 Course Offered to: MBA I Year‚ II Semester (Regular) Course Instructor: Dr.Aravind Soudikar E-Mail: draravindrcr@gmail.com 2. COURSE DESCRIPTION: This is an
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Unethical Business Practices The modern business world is characterized for being aggressive and competitive. Companies must be alert and always ready to take advantage of opportunities as quickly as possible. If companies are not aggressive enough they risk losing business to other competitors. For all these reasons‚ many people now question whether there is a place for ethics in this highly competitive capitalist economy. However‚ is it good for companies to create aggressive
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Speech: Why We Should Not Compare Ourselves With Others? A very good morning to our teacher ‚Madam Teoh Ai Leng and my fellow classmate .I am very honoured this morning to be given this opportunity to speak on a very important and interesting subject entitled‚ “Why We Should Not Compare Ourselves With Others?”. As you know‚ a lot of times people advise us to compare ourselves with others but this is not always the best way of thinking. There are many reasons to change this way of thinking and
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Case Analysis: Doing Business Abroad As businesses grow to the point that they operate globally‚ it becomes important for the personnel within the company to understand the cultural differences between the home office and the overseas operations. Every region of the world has its unique cultural idiosyncrasies. These idiosyncrasies can prove to be challenging if a manager is not prepared to deal with the cultural differences in a respectful‚ appropriate way. Some of the specific ways that cultural
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1.0 Introduction Human Capital is the most important resource for an organisation to succeed. The quality of the human resource and the work performance directly impact an organisation’s performance. Thus‚ human resource management plays an important role to ensure the efficiency in an organisation’s daily operations via efficient recruitment‚ training and development‚ and staff retention. Besides‚ efficient human resource management may create competitive advantage to an organisation. There
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Finance December 1‚ 2012 1. Imagine you are a small business owner. Determine the financial ratios that are important to the business. Compare your ratios with those that are important to a manager of a larger corporation. As a business owner‚ financial understanding is something that has to be studied before you decide that you are going to open or even start a new business. Small businesses in general run the finance operations of their business in a different way than the larger corporations. Most
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