...state with a few big cities, few towns and villages. The cities are markets for the products form towns and villages, and vice versa. This shrinking in size has brought people from different cultures and backgrounds to work together under the same umbrella. Wherever you go, even the smallest of the company has people from different cultural backgrounds. This mixing of so many cultures at workplace has come up to be challenge for the modern organizations. The modern managers or leaders find it difficult to make a decision for their team, which comprises of people from different cultural and educational backgrounds. There is always a problem of synchronization within the team, which is faced by a modern leader. Since different statements are perceived differently in different cultures, the problem of miscommunication always persists. For a modern leader it is necessary to have the knowledge of different cultures. This knowledge will not only help him in making better decisions, but will also help him understand his team better and be more productive and efficient at work. Geert Hofstede, while working with IBM, saw this problem of intercultural differences and mismanagement arising due to these...
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...formally, are the humanly devised constraints that shape human interaction. In consequence they structure incentives in human exchange, whether political, social, or economic.” . Nontheless we will consider as good economic institutions the ones that provide security of property rights and and facilitates access to economic resources to different sectors of society. Without property right individual will have no incentives to invest, if you have no certanty of receiving any compensation for you investment you are obvioulsy not going to invest; on the other hand institutions (good ones) are supposed to help to allocate resourses in the most efficient way. So those institutions that give the necessarries and right incentives to society, lowered uncertanty, boost...
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...The Impact of Culture on Human Resource Management Practices: An Empirical Research Finding in Indonesia Suharnomo-Diponegoro University-Indonesia +628156581301 Abstract The objective of the study is to investigate and analyze the influence of culture on human resource management practices. The research is expected to answer the importance question: Are HRM practices influenced by national culture or not? It is generally accepted that the practices of management is considered to be universal until Hofstede (1980:42) published the seminal work: Culture’s Consequences: International Differences in Work Related Value in 1980. Hofstede’s work is the most popular in cross culture management studies so that his framework in national culture will be used in this research. The research was done by using the survey method. The respondents were 108 managers of HRM from the listed companies of Jakarta Stock Exchange 2007. Structural equation model (SEM) with Two Step Model Building Approach is used to test structural theory. It is used to test the hypotheses model statistically to determine the extent to which the proposed model is consistent with the sample data. SEM incorporates both confirmatory factor analysis and multiple regressions to estimate a series of interdependent relationship simultaneously. The results of descriptive analysis indicate that the national culture dimensions tend high for collectivism, power distance, masculinity and uncertainty avoidance...
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...Managerial Decision Making Research and Analysis Teresa Grass BUS640: Managerial Economics Instructor: John Sellers August 11, 2014 During the process of this paper there will a discussion on the history of Apple mistakes in its choices to over time, risk or indecision in its operations along with financial reports to show uncertain activities and risky, their non-price competitive strategies, regulations of the government that affect Apple’s operations, the increase including the decrease of its product cost over period of time including why they varies, the inputs utilized by the company’s challenges and production function to safeguard these inputs, analysis that Apple is one of those companies that you enjoy their products or you them, and the new products that Apple has presented into the markets. Many of this occurs because of their leadership along with attitude of the business in the past. At the current time Apple is quite successful they are on the top of their market, it’s very important for Apple remain to make great choices. Steve Jobs death along with having new senior managers currently making choices for the company means they are being looked at very closely this will create great rise and fall in the company. This company began in 1976, and then they unified as Apple Computer, Inc. in 1977. In January 2007 the expression “Computer” was disconnected from its original name, after opening of the IPhone it showed its move towards consumer electronics...
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...Andrew Peller Limited ~ 2012 Annual Report 1 FINANCIAL AND OPERATING HIGHLIGHTS FOR THE YEARS ENDED MARCH 31 (in thousands of Canadian dollars, except per share amounts) 2012 SALES AND EARNINGS Net sales EBITA Net earnings FINANCIAL POSITION Working capital Total assets Shareholders’ equity PER SHARE Net earnings per Class A Share - basic and diluted DIVIDENDS Class A Shares, Non-Voting Class B Shares, Voting SHAREHOLDERS’ EQUITY MARKET VALUE Class A - HIGH Class A - LOW Class B - HIGH Class B - LOW ANALYTICAL INFORMATION Return on average shareholders’ equity Return on average capital employed Ratio of current assets to current liabilities 2011 $ 276,883 32,651 13,001 34,869 285,552 120,552 0.93 0.360 0.314 $ 265,420 31,544 11,223 27,643 267,996 114,297 0.78 0.330 0.288 10.30 8.70 10.70 8.65 10.9% 11.4% 1.3:1 9.25 8.25 11.00 9.55 9.8% 11.6% 1.3:1 10 11 12 10 11 12 10 11 12 113,680 114,297 263,151 265,420 276,883 Net Sales Net Earnings from continuing operations before gains (loses) on nancial instruments and other expenses Shareholders’ Equity 1 FINANCIAL AND OPERATING HIGHLIGHTS 120,552 8,408 11,683 13,662 OveRview Andrew Peller Limited (“APL” or “the Company”) is a leading producer and marketer of quality wines in Canada. With wineries in British Columbia, Ontario and Nova Scotia, the Company markets wines produced from grapes grown in Ontario’s Niagara Peninsula, British Columbia’s...
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...ANNUAL REPORT 2010 -11 TECHNO_LOGICAL TECHNO_LOGICAL In many ways, satisfying the Indian customer is probably much more challenging than satisfying a customer in another market. The country has an obsession for fuel efficiency, when it comes to choosing automobiles (and rightly so, since about three-fourths of India’s crude oil requirement is imported). Extracting more mechanical energy for the car from every drop of fuel is a designer’s challenge. But it is vital for the consumer, the economy and the planet. At the same time, a fast growing, young and upwardly mobile, speed conscious India demands pick-up and instant response at the accelerator pedal. There is normally a trade-off between performance and fuel efficiency. A third requirement is space efficiency, as customers want the car to be compact to cope with congestion on roads and parking lots. Yet another requirement is of minimizing emissions. The Company’s next generation, K-series engines employ a plethora of state-of-theart technologies to deliver on all these fronts. Technologies deployed could be as sophisticated as fine atomization to achieve fuel droplet diameter in microns for optimised combustion. Or, they could be as practical as using engineering polymers instead of metal in certain engine parts for weight reduction. Quite like packing more performance in a handheld smartphone as opposed to a traditional laptop. India’s road and dust conditions, the rains and driving safety considerations similarly...
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