...Marketing—Informal Market While both, the local business investment and foreign direct investment (FDI) have been strong in many parts of Latin America, it would be naïve to think about marketing in the region without thinking about the informal market/itinerate vendors or role of informality. This form of marketing has been in place for centuries and as one travels throughout Latin America one sees its pervasiveness and its impact on individuals and local economies. Generally, each city in Latin America has a central open market. Here vendors have situated themselves in positions of heavy traffic so that they can implement their daily ritual of selling, buying, negotiating and exchanging money for goods and goods for goods. This approach to...
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...organisation -organisation is a person or group of people intentionally organized to accomplish an overall or set of goals. -organisation is primarily driven by set of goals and aims. -an organisation will have controlled performance with standards, its members identifying: goals, measurement and comparisons of actual versus plan, corrective action. -the most basic organisation will have function such as finance, production and sales. -organisations have a purpose whether it is a company producing and selling ice cream, a charity, a tennis club. -organisations are made up at least 2 people. They have purposes, they use resources, to achieve the purposes. They perform activities in a planned and controlled manner. -the common characteristics of organisations are as follow: -each has an identity_ such as name -each has a purpose or objective_ such as written constitution -each relies of people to achieve objectives -each has a form of structure co-ordinating the people in the achievement of their tasks. Types of organisations There are different types of organisations: 1-Sole traders 2-The partnership 3-Companies 4-Franchising The sole trader The sole trader is the most common form of business ownership and is found in a wide range of activities (e.g. window cleaning, plumbing, electrical work, busking). No complicated paperwork is required to set up a sole trader business. Decisions can be made quickly and close contact can be kept with customers and employees...
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...divisions of Conair are among the most recognized and respected brands in small kitchen appliances and cookware. The company's domestic and international divisions offer a diversified mix of professional and consumer products under their own brand names and private labels. Conair brands are quickly becoming household names around the world. Conair is headquartered in East Windsor, New Jersey, with sales and marketing offices in Stamford, Connecticut. The company has large distribution centers in East Windsor, Phoenix, Arizona and a manufacturing facility in Rantoul, Illinois (Conair Corporation 2011). Because of its different distribution centers, locations and corporate offices being so diverse in regards to locations. Analysis of Company’s Organizational Dynamics Within any company, there are two types of organization. Formal Structure and Informal Structure. Both effect the organization and relationships between staffs. The formal Organization refers to the formal relationships of authority and subordinates within a company. While the informal organization refers to the network of personal and social relations that is developed spontaneously between people associated with each other. The primary focus of the Formal organization is the position of the employee, manager holds....
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...combinations. Cassim (1982) considers the informal sector participation as “a trap associated with impoverishment” and Habib (2005) considers the informal sector participation as “the survivalist response of marginalised persons with no alternatives.” The informal sector is a part of the economy that is not under the government control and therefore any business conducted in the informal sector cannot be regulated. This paper aim is to argue against the above mentioned assertions made by Cassim and Habib. Is it true that the participation in the informal sector is associated with impoverishment? Is it true that people engage into conducting business in the informal sector because they need to survive as they have no other alternative? These two questions serve as a foundation into developing an argument against the assertions made by Cassim and Habib about the informal sector’s participation. The argument reflects on the entrepreneurial potential and dynamics in the informal sector. This paper firstly discusses Cassim’s and Habib’s assertions to have a general understanding of what they meant. This is then followed by a brief overview of the South African informal sector and an argument against those assertions will be provided using useful example of informal sector participation’s contribution. Finally, a conclusion is provided summarising the paper. The following lines will brighten this essay. Cassim’s and Habib’s perspective of the informal sector Taking into consideration Cassim’s...
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...Managing People and Organisations 1. With references to the case study, summarise the relationship between goals, objectives and policy and advice the management of Scotia Airways of the contribution each will make to effective managerial performance. Goals determine the nature of inputs (the employees, management efforts) and outputs (quality of service). Goals also determine the interaction it has with its external environment. It is a future expectation. Goals are generically for an achievement or accomplishment for which certain efforts are put. Objectives are specific targets within the general goal, are time-related to achieve a certain task. The words Goal and Objective are often confused with each other. They both describe things that a person may want to achieve or attain but in relative terms may mean different things. Both are desired outcomes of work done by a person but what sets them apart is the time frame, attributes they are set for and the effect they inflict. Comparison chart | Goal | Objective | Meaning: | The purpose toward which an endeavour is directed. | Something that one's efforts or actions are intended to attain or accomplish; purpose; target. | Action: | Generic action, or better still, an outcome toward which we strive. | Specific action - the objective supports attainment of the associated goal. | Measure: | Goals may not be strictly measurable or tangible. | Must be measurable and tangible. | Time frame: | Longer...
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...Prefatory: The International Labour Organization (ILO) introduced the concept of the informal sector more than 25 years ago. The informal sector has been understood to mean very small-scale units producing and distributing goods and services, and consisting largely of independent, self-employed producers in urban and rural areas of developing countries, some of which also employ family labour and/or few hired workers or apprentices; which operates with very little capital or none at all; which utilize a low level of technology and skills; which therefore operates at a low level of productivity; and which generally provides very low and irregular income and highly unstable employment to those who work in it. It also includes activities that are carried out without formal approval from authorities and escape the administrative machinery responsible for enforcing legislation and similar instruments. [1] The informal sector, with its enterprising individuals and groups, can be seen as counterbalancing cure to many ill effects of globalization. [2] Firstly, the informal sector absorbs all the victims of globalization—displaced workers, forced retirees, educated unemployed and many more. While the informal sector cannot offer jobs, it can offer income opportunities. In this sense, the informal sector is itself a safety net. Secondly, the informal sector cushions the impact of globalization on the surviving formal sector. It provides a counterbalance...
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...------------------------------------------------- Module 1 Submit a written report discussing the present organizational set-up where you are working considering the following: 1. Organizational Chart 2. Mission and Vision of the Company 3. Objectives of the Firm 4. Incentives and Rewards of the Firm, and 5. Sanctions and Punishment for any Violations of Employees within the Firm ------------------------------------------------- The Tarlac Provincial Hospital is a 200 bed capacity tertiary training and teaching hospital. It is one of the four developed hospital under the Provincial Government of Tarlac. It is situated in a 9 hectare concreted fence compound with the following physical facilities: 3-storey main hospital building, cottages for officials and employees, power plant with generator, provincial warehouse (supply office), OPD Building, MCH Center, maintenance shop and laundry room, Chapel, 10 bed nutrition rehab ward, badminton court/pelota and basketball/volleyball court. ------------------------------------------------- ------------------------------------------------- Organizational Chart ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Mission ------------------------------------------------- ------------------------------------------------- > To provide accessible...
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...their wishes through the fear of punishment. (x) Expert power – derived from the possession of expert knowledge or information that others need but have no alternative access. Politics is also the study of influence and the influential • Influence is measured on the basis of the number of shares one or a group has in the preferred values or attributes • The more values or attributes shared, the greater the influence • No single index (share) is a wholly accurate gauge of influence • Pfeffer (1992, p.30) defined politics as (the processes, the actions, the behaviors through which potential power is utilized and realized. Another author (Dubrin, 2001, p.192) defined organizational politics as (n informal approaches to gaining power through means other than...
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...91: Management realizes organizations must be dynamic in nature. Capable of rapid restructuring should environmental conditions dictate so. 92 Environmental Factors evolved from: • Increasing competitiveness of the market • Changes in technology • Requirement for better control of resources for multiproduct firms Wallace identified four major factors that cause the onset of organizational revolution: • Technology revolution (complexity and variety of products, new materials and processes and the effects of massive research) • Competition and profit squeeze (saturated markets, inflation of wage and material costs and production efficiency) • The high cost of marketing • Unpredictability of consumer demands (due to high income, wide range of choices available, and shifting taste) Grinnel & Apple five general indications that a new organizational form is necessary, not adequate for managing projects • Management is satisfied with technical skills, but projects are not meeting time, cost and other project requirements • High commitment to getting project work done, but great fluctuations in how well performance specifications are met • Highly talented specialists involved in the project feel exploited and misused • Particular technical groups or individuals constantly blame each other for failure to meet specifications or delivery dates • Projects are on time and to specifications, but groups and individuals aren’t satisfied with the achievement Management looks...
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...Product Development. His creative ideas have keep Global Mobile ahead of the competition and satisfies their customers. Even with the increasing demand, more and more innovative and efficient ideas continue to come from the Product Development department. The Skill of the firm is a result of selective staffing of talented newcomers that can be productivity in the firms unique work environment. The synergy from the staff and the structure that Global Mobile offers has allowed employees to reach their full potential. For example, the informal structure has allowed the Director of Product Development be as creative as he wants which has yielded unique products that have set Global Mobile from the rest of the competitors in the market. Having highly capability staff means there is little to no training needed on the job which means more time being productive and fully functional within the firm. Based upon the structure of Global Mobile being informal with a hierarchy to direct concerns without actually being restrictive their strategy is never really set in stone. This is evident with the flexibility given to the Product Development department and even the Sales department when they decide to make promises on release dates for products that may not even started production. The informalities have caused there to always be the possibility of inconsistencies. With the differential leadership styles in this firm there is no one willing to conform to more defined...
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...*RETHINKING THE INFORMAL ECONOMY IN *THE * *NEO-LIBERALIST PHASE TABLE OF CONTENTS *RETHINKING THE INFORMAL *ECONOMY IN THE * *NEO-LIBERALIST PHASE Introduction : The labour markets in developing countries is markedly different from that in the developed countries. The most striking feature of labour markets in the developing countries is its non-homogeneous character. The status of the vast majority of workers in the developed countries is of wage and salary earners. Whereas in the developing countries there is a predominance of self-employment. This non-homogeneous character of labour markets in developing countries also implies that the nature of employment and the manner in which it is created is different in the two world’s. In the developing countries the vast majority of the population is left to fend for itself and create employment out of its own ingenuity, skills and capital. This leads to vast differences in the nature of employment and the creation of dualistic structure of ‘formal’and ‘informal’ components of the labour market. A large proportion of the workforce is in the unorganised or informal sector. These workers are engaged in economic activities with lower productivity resulting in lower incomes. They are also engaged in activities with less stable employment contracts (including the self-employed) and fewer social security benefits. While the wages and salaries of the formal sector workers are periodically revised to counter inflation...
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...1. Introduction In today’s business negotiations, dressing etiquette plays an important role. It embodies not only the personal taste but also the self-cultivation. To some extent, it can even make it all difference in the result of business negotiations. The more attention we draw to the details in modern business negotiations, the greater we will care about our dressing etiquette and maintain our personal image. Through analyzing dressing etiquette in business negotiations, the author tends to embody the advantages in business negotiations. 1.1 Background Having good business dressing etiquette is an indispensable quality of business activities is the basic guarantee for success In today’s business negotiations. 1.2Purpose of the Study During the business negotiation, the first impression is very important, therefore dressing etiquette plays an even more important role than we thought, it’s always worth studying. 1.3 Significance of the Study Dressing etiquette is likely a technique of business negotiation; it helps the process get smooth. 2 .Definitions and Principles You have heard this a million times: “You never get a second chance to make a first impression.” And you will keep hearing it because it is true. People size up each other within a few seconds. Based on external cues, including dress, people assess one another positively or negatively. We make a flash judgment of someone as trustworthy...
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...CHAPTER IINTRODUCTION 1.1 Background of Case Study Selection Compensation is the remuneration received by an employee in return for his/her contribution to the organization. It is an organized practice that involves balancing the work-employee relation by providing monetary and non-monetary benefits to employees.Researcher are interested in doing research on the company becauseresearcher wanted to learn more about control system especially managementcompensation, both theoretical and practical. Lincoln Electric Company one of companies has realize the method of control system especially managementcompensation in their company.In the Lincoln Electric Company, researcher get knowledge of control systemespecially management compensation, particularly its association with corporate profits. However, in its application is often the application of compensation hasexperienced various problems and constraints. So also happened in the LincolnElectric Company.Every company absolutely has a strategy to sustainable them company. The top priority of Lincoln is customer. Company always sensitive with consumer needs.Certainly, the firm’s customer wants to get the best price and the best quality. And, product of Lincoln fulfill it. Lincoln also concerns employee and stockholders needs.Management compensation always was determined by a wage survey of similar jobsin Cleveland area where the company do operational process. Lincoln ElectricCompany is a good example for other company which is concern...
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...Associate Level Material Appendix D Contingency Theory of Leadership |Description of work environment | | | |My work environment would be open. All the employees would have their own desk but | | |no cubicles. I don’t want anyone be bored in the middle of the day and stop being | | |productive. Professional and business attire will be mandatory with casual Fridays. | | | | | | | | | | In the table below, categorize different leadership approaches that could be used in the work environment you have described. Provide different suggestions for each of the four approaches to leadership. |Directive approach |Supportive approach | |I would like for all managers to take some classes to increase |To ensure that all employees feel appreciated, a quarterly | |their...
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...Pamella Robinson November 12, 2011 Evolution of Formal Organizations Most people require socialization to obtain the sense of fitting in with other people. For this reason social groups are sometimes constructed. This is not always the case however, because some social groups, such as families are established without effort. These social groups consist of at least two or more people who relate to each other and interact together on a personal level, which may last for years and are more intimate than formal groups. People within the social group “share experiences, loyalties, and interests” (Macionis, 2006, p. 110) in an informal or casual way. The group is connected by common beliefs, experiences, and emotions. These types of groups can be distinguished from each other by the level of interpersonal interactions of its members. Some informal groups may develop into formal groups through reorganization or a separation of some members who want to establish a separate organization. This spin off group may see inconsistencies in the goals of the home group. For instance, the original group may not have a leader and when leadership questions arise it may cause a rift among members. This type of inconsistency may cause problems that affect future decisions of the group (Gulati & Puranam, 2009). Formal organizations are large and work together for a common goal. These types of groups include companies, branches of the government, and churches. Corporations are...
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