...What is the Importance of Management in Business? “Some underestimate the importance of management in business but the latest researches have shown that it is certainly not the case. The input of the labor, capital and raw materials can never become production without the catalyst of management. ” A business cannot survive without management because management is its means of support. Management is concerned with acquiring maximum prosperity with minimum efforts. Management is essential wherever group efforts are required to be directed towards achievements of common goals. In this management conscious age, the significance of management can hardly be over emphasized. It is said that any thing minus management amounts to nothing. There is no more important area of human activity than management since its task is that of getting things done through others. Some underestimate the importance of management in business but the latest researches have shown that it is certainly not the case. The input of the labor, capital and raw materials can never become production without the catalyst of management. Management is a dynamic life-giving element in an organization. In its absence, the resources of production remain underutilized and can never become production. In fact, without efficient management, no country can become a nation. Business is basically a group activity and management plays an important role in making it more effective. The group as a whole cannot realize...
Words: 391 - Pages: 2
...Slovakia: Life business after Crisis Central European L&H Leadership Forum, Radisson BLU Palais, Vienna Torsten Leue May 11, 2010 New reality crashed into the old plans Slovakia: GDP development old plan +15% +10% past development +5% W -NE OLD LITY R EA GAP +0% -5% new reality 2004 2005 2006 2007 2008 2009 2010 2011 2012 2 Data source: Slovak Statistics Office, Allianz – Slovenská poisťovňa Torsten Leue ● Slovakia: Life Business after Crisis May 11, 2010 Q4-2007 Q1-2009 Regular Life business a bit below 2006 Slovakia: New Business (mn €) New Business: Single vs. Regular 500 NB mn € 400 300 200 100 0 44% 56% 38% 62% 45% 55% 58% 42% Q4-2006 Q4-2007 Regular Q4-2008 Single Q4-2009 Share of Single gets higher consequence Life duration gets shorter Data source: Slovak Insurance Association Torsten Leue ● Slovakia: Life Business after Crisis May 11, 2010 3 Share of Traditional business grows Slovakia: Premiums of UL, Traditional and Riders (mn €) 1 200 1 000 GWP mn € 800 600 400 200 0 53% 36% 11% Premiums of UL, TR and RI 10% 33% 12% 30% 57% 58% 2 007 Traditional 2 008 Unit-linked Riders 2 009 Value creation mainly out of riders Data source: Slovak Insurance Association Torsten Leue ● Slovakia: Life Business after Crisis May 11, 2010 4 Insurance business under high pressure Capital Markets Low interest rates Pressure Clients & Sales Force Low prices, High commissions...
Words: 716 - Pages: 3
...100187Is Second Life Ready for Business? CASE STUDY 1. How can Second Life provide value to businesses that use it? Second Life can be a birthing ground for new industries and transform business, commerce, marketing and learning the same way that the Web did in the late twentieth and early twenty-first centuries. It also can facilitate internal communications and to position themselves at the forefront of the digital landscape in order to recruit tech-savvy employees. Second Life is a low-cost business tool and also a new marketing tool. Companies can use Second Life as a business tool for online conferencing, online collaboration, knowledge management and prototyping. Also companies can test new products using Second Life’s 3-D rendering programs, experiment with new marketing and advertising campaigns to see how people react, receive feedback on real-world products or services. 2. What kinds of businesses are most likely to benefit from a presence on Second Life? Why? Retail businesses that are already used to doing business online may have an easier time of establishing a viable presence on Second Life. They are used to advertising and marketing to customers online and have the systems built for taking orders, accepting payments, and shipping products. Other companies, like IBM, that have established online collaboration systems and online knowledge management systems will probably have an easier time using Second Life as another outlet for these activities. 3....
Words: 1746 - Pages: 7
...Summer 2013 MATLAB Assignment 5 Question-5: Script file: delete g4c9p313x05.txt; diary g4c9p313x05.txt close; clc; close all; echo on %Gilat 313/05 fric=0.45; m=20; h=8; g=9.81; x=1:45; F=(fric*cosd(15)+sind(15))*m*g*sqrt(x.^2+h^2)./(x+fric*h); plot(x,F) grid on xlabel('x, Distance (in meters)') ylabel('F, force (in newtons)') title('Distance and Pulling force of a block') pF=230; f=@ (x) (fric*cosd(15)+sind(15))*m*g*sqrt(x.^2+h^2)./(x+fric*h)-pF; xd=fzero(f,2) echo off; diary off Command window: %Gilat 313/05 fric=0.45; m=20; h=8; g=9.81; x=1:45; F=(fric*cosd(15)+sind(15))*m*g*sqrt(x.^2+h^2)./(x+fric*h); plot(x,F) grid on xlabel('x, Distance (in meters)') ylabel('F, force (in newtons)') title('Distance and Pulling force of a block') pF=230; f=@ (x) (fric*cosd(15)+sind(15))*m*g*sqrt(x.^2+h^2)./(x+fric*h)-pF; xd=fzero(f,2) xd = 1.1842 echo off; diary off Question-11: Script file: delete g4c9p315x11.txt; diary g4c9p315x11.txt close; clc; close all; echo on %Gilat 315/11 fric=0.45; m=20; h=8; g=9.81; f=@ (x) (fric*cosd(15)+sind(15))*m*g*sqrt(x.^2+h^2)./(x+fric*h); fplot(f,[1,45]) xlabel('x, Distance (in meters)') ylabel('F, force (in newtons)') title('Distance and Pulling force of a block') grid on [xmin fmin]=fminbnd(f,8,26) echo off; diary off Command window: %Gilat 315/11 fric=0.45; m=20; h=8; g=9.81; f=@ (x) (fric*cosd(15)+sind(15))*m*g*sqrt(x.^2+h^2)./(x+fric*h); ...
Words: 1361 - Pages: 6
...Hello Guys Welcome To My Gaming Channel. I'm bringing you many different things on this channel that I hope you guys will enjoy. There’s plenty to watch so be on the lookout for more of my videos. Comment, Like, and Subscribe In this video Twitter: InfamousJaleel Instagram: InfamousJaleel Main Channel: www.youtube.com/infamousjaleel Infamous Out!!! --------------------------------------------------------------------------------------------------------- Call of Duty: Black Ops 3 - Multiplayer Gameplay & Discussion E3 Hello Guys Welcome To My Gaming Channel. I'm bringing you many different things on this channel that I hope you guys will enjoy. There’s plenty to watch so be on the lookout for more of my videos. Comment, Like, and Subscribe In this video we watch the gameplay trailer for one of the most anticipated PlayStation 4 and Xbox One games of 2015. After the trailer I give some of my likes and dislikes of the game. This game is coming in a couple months and looks like a redefined adventure of the saga of Black Ops. In this video you will see Multiplayer gameplay which looks pretty interesting. If you love Call of Duty then keep watching and give me some feedback! I DO NOT OWN THIS TRAILER OR GAMEPLAY! Twitter: InfamousJaleel Instagram: InfamousJaleel Main Channel: www.youtube.com/infamousjaleel Infamous Out!!! Destiny: The Taken King Trailer At E3 & Discussion Hello Guys Welcome To My Gaming Channel. I'm bringing you many...
Words: 484 - Pages: 2
...Review of The Christian Calling to Business Life I have dealt with many people in my lifetime. In my opinion, people with religion believes do have better quality than the people don’t have. I came from China, and most Chinese people don’t have religions. They don’t even know wait in line when they are at cashier. When an old Chinese lady fell down on the street, there was nobody even trying to help her out because they were afraid of being framed. After reading “The Christian Calling to Business Life” by Shirley J. Roels, I deeply realize that Christian will bring a better quality of business styles. Church and its leadership structure are actually as same as business. They were both created with the same concepts. In Church organization, the people in ministry consist pastors, worship leaders etc, and they are guided by our GOD. In business, it consists employer, employee, supervisor, manager, and regular workers. In Shirley’s article, she highly recommended that Christian should be called in order to better quality the business, and she also suggested this should be happened in 21st century. This really brings me a bright sight that there are many businesses went to bankrupt or collapse nowadays. But I did not hear a Church falling down so far. The reason been is the Church’s effective leadership and its ethical strategies are more powerful than a regular business. This theory really leads me to imagine if there is a business filled out with all Christians from the...
Words: 656 - Pages: 3
...Corporation and Modern Society: Crises of Capitalism It’s a Wonderful Life – Trust, Respect and Personal Responsibility in Business We tend to think of the past with nostalgia. The stories of our grandparents about simpler times when there was trust and respect, when families lived and stayed together, doors could be left unlocked, shopkeepers and businesses knew their customers. Some grandparents lived through the early 20th century untouched by the Great Depression. However, others struggled against forces that they did not understand. The banks and businesses that they had trusted had “failed” and they were suddenly without jobs or homes. Most Americans did not have any idea what had happened to the banks or how a bank could “fail”. With only newspapers and limited radio to rely on for information, they felt abandoned by the institutions they had trusted. The film It’s a Wonderful Life addresses the impact that a loss of trust has on a community and equally important, the failure of big business to respect those they serve. Frank Capra recognized that his film would be more than “good versus evil” in the form of George Bailey versus Mr. Potter. The citizens of Bedford Falls represented every small town in America where the lives of working class people centered on cooperation, sharing equity, fairness, and justice. They had a perception of trust and respect built on these values in which business and friendship went hand in hand. Capra shows us that the economic...
Words: 1536 - Pages: 7
...Assignment 1 MGT 3201 The virtual office’s impact on employee work-life balance and business sustainability Prepared for: Mr. Ray Hingst Submitted: 18 October 2013 Prepared by: Anton Tarasov 0061055930 Faculty of Business and Law In today’s world the virtual office is no more an innovation; numerous organizations have used this technology long enough to understand whether it is a helpful tool for business or just another source of complications. This paper is aimed to address practical issues related to the virtual office’s impact on employee work-life balance and business sustainability. Definitions of the virtual office, telecommuting, business sustainability, and other important terms will be given. Different pros and cons of using the virtual office for employees (work-life balance) and for organizations (business sustainability) will be presented reviewed and compared. Finally, the summarized conclusion will answer the main question of this topic: “is the virtual office a good solution for employees and organizations or not?” Since the virtual office and telecommuting are tightly connected, it is of great importance to distinguish between those two terms. Telecommuting has numerous definitions in business related literature, but they all present quite similar description. For example, Noonan & Glass (2012, p. 38) state it simply as ‘work tasks regularly performed at home’ while Thomas B. Cross (2013, pp. 7-8) specifies telecommuting as ‘performing job-related...
Words: 2526 - Pages: 11
...BUSN-115 Taught by Professor Lori Farr. Week #: 5 Assignment How will basic business skills play a role in your professional life? What you don't know will hurt you. As a professional it couldn't hurt to know as much information as possible regarding not only in your trade but also general business knowledge. Ask yourself, what makes a successful professional? In any professional setting their are common key behaviors, actions, and way of thinking that are universal that are used to craft yourself into the ideal expert in your career. Basic business skills can sometimes be easily looked over in this process. Business skills are vital because they incorporate a array of different skills that are important for any job type. For one people skills are critical no matter what your job entails. Public speaking, handling tense interactions, and using effective teamwork and collaboration skills with other professionals are just a few traits needed. “Too many recent grads are not equipped to present the company well over the phone or in person at networking events, new business meetings, etc.,” says Graham Chapman, account coordinator/new business director at 919 Marketing, a PR and marketing firm in Holly Springs, North Carolina. “If you can’t speak [or] present yourself well, it is hard to help a company drive business.” Proper communication can be make a break a professional, one can...
Words: 477 - Pages: 2
...add to the standard of living and or the quality of life in the communities where they do business. They often accomplished this by paying taxes to the governing body of these communities and by their interactions within the communities. Some communities with a good business base have the potential to alleviate much of the tax burden on the local homeowners and can also enhance the number of community offerings in the form of parks, recreation and relaxation. Since 1946 Target has given 5% of it’s’ income to support and enrich the communities they serve. Today that equals more than three million dollars every week to support education, arts, social services and volunteerism. (Tar10) Chevron’s three primary focus areas for community investments are improving access to basic human needs, enabling education and training opportunities, and promoting sustainable livelihoods. Each element helps contribute to socioeconomic progress. In 2009, Chevron invested $144 million in our global partnerships and programs: 48 percent in North America; 20 percent in Africa; 14 percent in Asia-Pacific; 14 percent in Eurasia, Europe and the Middle East; and 4 percent in Latin America. (Che10) These are large corporations with a great deal of assets and people to devote to increasing the quality of life in the communities they serve but it is possible on any level. Each business added to a community pays taxes to the local government. If the business has employees they also pay local taxes and frequent...
Words: 592 - Pages: 3
...University of Phoenix Material Effects of Mass Media Worksheet Write brief 250-to 300-word answers to each of the following: |Questions |Answers | |What were the major developments in the|The major developments were the newspaper, radio, TV, and the internet. The newspaper well| |evolution of mass media during the 20th|that was basically how the information first got out remember on old movies when the | |century? |editor would say hot off the presses well that was big news and also there were paper | | |boys that delivered papers door to door on bikes, then as time went on there appeared | | |the radio which was very entertaining back then for news, and all the popular shows | | |that was aired back then. Then as things and mans knowledge increased there was the TV | | |which was invented in 1923 by John Logia The black and white, all I can say is than you | | |John Logia for this special invention which now there are many kinds form flat screens to| | |plasma and so forth , and color. before I get to my last invention I would like to say | | ...
Words: 410 - Pages: 2
...critical factors that have positively driven the market penetration of the insurance product among its consumer segments. Both the life and non-life insurance in India, which were nationalized in the 1950s and 1960s respectively, which were liberalized in 1990s. Since the formation of IRDA and the opening of the insurance sector to private players in 2000, the Indian insurance sector has witnessed rapid growth. The opening up of the insurance sector has led to rapid growth of the sector. The total premium of the insurance industry has increased at a CAGR of 24.6 percent to reach INR 2,523.9 billion in 2009 KEYWORDS : Life Insurance, LIC, IRDA, Private Insurance Companies Introduction: The economic reforms initiated in the early 90s paved the way for the growth and opening up of the financial sector, which led to a sustained period of economic growth. The insurance industry was opened up for private players in 2000, and has seen tremendous growth over the past decade with the entry of global insurance majors. India is fast emerging as one of the world’s most dynamic insurance markets with significant untapped potential. The insurance sector plays a critical role in a country’s economic development. It acts as a mobilizer of savings, a financial intermediary, a promoter of investment activities, a stabilizer of financial markets and a risk manager. The life insurance sector plays...
Words: 1780 - Pages: 8
...The Role of Life Insurance in Financial Plan Life insurance can be an integral part of financial plan for future and the futures of loved ones. Selling life insurance should always be set in that situation, where it is a very important part of a person's total financial picture. One way to sell insurance in this manner is to set it against competing products as superior to them in value over time. In many cases for the ideal life insurance client, the promise of future financial support for his or her family after death is a powerful selling point. Life insurance as a role for total coverage tool against death when there is no financial planning in place is also ideal in that, given a large enough death benefit, a person's house, bills, funeral and children's educations will be paid for in full. This is a primary motivating factor particularly for younger clients who are just married and just beginning to build a life together. Emphasis on their age and relative health being to their advantage at such an early stage in life is also a useful way of showing how life insurance is a key product to have. The major roles for life insurance to play in a proper financial plan are assets assurance, leaving a legacy, family future financial support and protecting own business. Life Insurance may able to help the insurers protect their assets. Insurers may have real and personal property that they would not want to go to ruin after they pass away. With a life insurance policy, insurer...
Words: 853 - Pages: 4
...whereby the insurers, on receipt of a consideration known as premium, agree to indemnify the insured against losses arising out of certain specified unforeseen contingencies or perils insured against.Insurance is not a new business in Bangladesh. Almost a century back, during British rule in India, some insurance companies started transacting business, both life and general, in Bengal. Insurance business gained momentum in East Pakistan during 1947-1971, when 49 insurance companies transacted both life and general insurance schemes. These companies were of various origins British, Australian, Indian, West Pakistani and local. Ten insurance companies had their head offices in East Pakistan, 27 in West Pakistan, and the rest elsewhere in the world. These were mostly limited liability companies. Some of these companies were specialised in dealing in a particular class of business, while others were composite companies that dealt in more than one class of business.The government of Bangladesh nationalised insurance industry in 1972 by the Bangladesh Insurance (Nationalisation) Order 1972. By virtue of this order, save and except postal life insurance and foreign life insurance companies, all 49 insurance companies and organisations transacting insurance business in the country were placed in the public sector under five corporations. These corporations were: the Jatiya Bima Corporation, Tista Bima Corporation, Karnafuli Bima Corporation, Rupsa Jiban Bima Corporation, and Surma Jiban...
Words: 1684 - Pages: 7
...Enlightenment in Fifth Business: The Beauty of Change Fiona Doomasia West Carleton Secondary School Ms. Bell (e-Learning with O.C.D.S.B.) ENG4UT Monday, July 13, 2015 Enlightenment in Fifth Business: The Beauty of Change Millions of people devote their entire lives to achieving enlightenment; however, very few people truly understand how to do this, and what it feels like. Enlightenment is an abstract concept of attaining knowledge and reaching self awareness. Despite the ambiguity in the meaning of enlightenment, today’s society believes that it will guarantee self satisfaction. In Fifth Business, Robertson Davies portrays a man’s quest for enlightenment through his unpredictable life journey. Every change in Dunstan Ramsay’s life journey teaches him a valuable life lesson, and changes him for the better, resulting in his discovery of enlightenment. The road to enlightenment is paved by the insight on life that Dunstan gains as he changes his physical locations over the course of the novel. It is also clear that change can be enlightening when looking at the important characteristics that Dunstan develops from the variety of people that he surrounds himself with throughout life. Lastly, the knowledge that Dunstan learns through his many ambition changes proves to help him find personal enlightenment. Through the principles that Dunstan learns from his perpetual changes in setting, friends and ambitions, Davies uses Dunstan’s life journey to show that in order to...
Words: 1620 - Pages: 7
