...MGSM845 : ECONOMIC CONTEXT OF MANAGEMENT Essay Term 2, 2013 ‘Sustaining Australia’s rate of economic growth above 3.25%, once the mining sector’s level of investment spending reduces during the next couple of years, is going to be a major challenge which will require a focus by the public and private sectors on productivity’. Discuss this statement, including an analysis of Australia’s GDP growth rate since 2000 and the drivers of GDP growth in Australia. What are the implications of your outlook on monetary policy settings? Name: 1,500 Student No.: Word Count: MGSM845:ECONOMIC CONTEXT OF MANAGEMENT Term 2, 2013 The Australian resources sector plays a vital role in the Australian economy. The resources sector is the largest contributor to merchandise exports, a major contributor to GDP, a major employer, a major contributor to government revenue and investment. Other benefits such as its contribution to rural and regional development and technological development and environmental research are also significant. Australia has experienced significant GDP growth since the early 2000’s, it has effectively been a two speed economy where the strong mining sector growth has been offset by the reduction in the manufacturing sector. Following the global financial crisis in the late 2000’s, the Australian government fiscal policy placed signi...
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...Operations Management and its Context 1. What organization you chose and why, along with a description of the organization. I have chosen Artix Entertainment, LLC for my organization to analyze and study for operations management efficiency and structure. Artix Entertainment is a game oriented company that focuses on online entertainment mediums as well as merchandising support for their organization. Its home offices operate out of Land’O’Lakes, Florida while also incorporating a wide base of individual support across the country at both a paid and volunteer basis for their operations. I have, in fact, been one such volunteer contributor for the in-game content of one of their long-standing game releases which features regular content updates. This should allow me insight to provide greater detail, or at least know whom to contact and ask relevant questions about operations. 2. Review definitions of operations management from your reference text and at least two other print sources, and apply the definition to three different types of organization, e.g., food service, manufacturing, and office workers. Briefly compare operations in these to your selected organization. From Operations Management written by William Stevenson and Mehram Hojati, operations management is defined as “the management of direct resources that are required to produce and deliver value via the organization’s goods and services”. Meanwhile, our course text has Jay Heizer and Barry Render...
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...Innovations series that explores alarm management strategies from a military perspective. According to Daniel McFarlane, Sc.D. of Lockheed Martin Advanced Technology Laboratories, the approaches being used across hospital settings continue to present similar challenges: ignored alarm signals because of fatigue, lengthy practitioner response rates to alarms, and provider confusion over which alarms are important. “The lack of actionable intelligence from alarm signals makes it impossible for nurses to effectively triage their multitasking among multiple patients,” noted Dr. McFarlane. “Each alarm feature considers only local conditions on separate sensors on separate instruments for separate patients. The result is an overwhelming rate of alarm signals from multiple devices associated with multiple patients that do not carry the context of information needed for nurses to understand the signals relative to their responsibility to triage their efforts.” There are 9 types of clinical context facilitated by an advanced alarm management platform that work together with advanced rules to reduce alarm fatigue and increase situational awareness: 1. Alarm Context: supplemental data delivered with an alarm or event notification; e.g. multiple data points including blood pressure, respiratory rate, and SpO2. 2. Patient Context: supplemental data about the patient derived from a real-time interface to ADT or an EMR. 3. Location Context: leverages RTLS or RFID to determine...
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...and procedures, •• discuss the possibility of the convergence of HRM across countries, •• explain how the heritage of state socialism continues to influence the context of HRM in transition economies, and •• discuss the effects of cultural and institutional context on the HRM role and on employee expectations. 23 24 ESSENTIALS OF INTERNATIONAL HUMAN RESOURCE MANAGEMENT Springtime in Paris As she savored the last bite of her croissant, Martha Pereaux, HR director for C3 Technologies, thought about how she would approach her latest “cross-cultural collision,” as she had come to think of them. In the year since she had moved to Paris from Houston, there had been many, but none quite as bizarre as this one. Martha had taken the big promotion to head up the HR division of the joint venture between Houston-based SuperChem and the French company. C3 developed technology for the oil industry, primarily new types of concrete that formed the barrier wall for offshore oil and gas wells. The joint venture was meant to take on the likes of the giant Schlumberger on its own turf and compete with them for valuable technical staff. Everyone said she was the perfect choice, having grown up in a bilingual family in Canada, with a chemical engineering degree and an MBA with an emphasis in international management. But nothing had really prepared her for the day-to-day challenges she faced in Paris. Every time she thought she had the French figured out something new would...
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...Term Paper on People Management Within The Context of Business Process Management By Morris Biko Okello KCA/08/04084 MSC ISM 19TH OCTOBER-2013 to 12th December 2013. TABLE OF CONTENT 1. Introduction………………………………………………………………………………………………………………….…..3 1.1. History of People Management……………………………………………………………………………………...3 1.2. State of Practice……………………………………………………………………………………………………………..4 1.3. Technological Advancement……………………………………………………………………………………………5 2. Review of Literature..….…………………………………………………………………………………………………….6 2.1. Case 1…………………………………………………………………………………………………………………………….6 2.2. Case 2…………………………………………………………………………………………………………………………….7 2.3. Case 3…………………………………………………………………………………………………………………………….8 2.4. Case 4…………………………………………………………………………………………………………………………….9 3. Conclusion…..…………………………………………………………………………………………………………………..10 4. Reference… ….………………………………………………………………………………………………………………….10 1. INTRODUCTION In this paper, I am going to look at the issue of People Management within the Business Process Management. People, in the general sense would mean all humans who come into contact with the business at all levels of the business process. The people could be categorized in these categories:- 1) Customers – the people who pay for goods or services from the business. 2) Business Actors (workers) – the people who work within the structures of the business and are paid for their service to the...
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...What is your evaluation of the effectiveness of the U.S. health care system in the context of delivery, finance, management, and/or sustainability? What are the issues that prompted a need for health care reform? Support your answer with a credible data reference. Do not use a reference already used by another student. Health care reforms is one of the biggest issue for voters. With our aging population, complexity of illness and growing cost of health care, the government need a new approach to delivery of health care system. There is still a large population that are uninsured. There is mounting recognition that our country’s health system is greatly influenced by social determinants, socio-economic status, and environmental factors. The American people continue to face increase cost of health care and insurance premiums continues to increase. Per Cunningham (2010), the percentage of people with a high financial burden increased from 14.4 percent in 2001 to 19.1 percent—nearly one of five Americans—in 2006. The increase in financial burden between 2004 and 2006 (16.4%) occurred at a time when the economy was expanding. “These costs in turn impose a burden on all segments of society—the individuals who pay taxes and premiums, the governments whose budgets are strained by Medicare and Medicaid, and the businesses whose competitiveness is undermined by high health insurance rates” (Daniels & Roberts, 2008). Some evidence have indicated that Patient Center Medical Home...
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...Health Promotions: Primary, Secondary and Tertiary Beth Fleming Grand Canyon University April 03, 2014 For many years, health promotions and prevention has been the focus for healthcare providers, especially nurses. Health promotion seeks to improve a person or population’s health by teaching about and helps people become more aware of risky behaviors associated with different diseases. It encourages individuals to take preventative measures to prevent onset or worsening of a disease or illness. It encourages a healthier lifestyle (Edelman & Mandle, 2010). The strategy is to help people make health improvements or prevention before illness occurs. Health promotion is one way in addressing health determinants such as developing personal skills, strengthening the action of communities and providing a supportive environment for health. Health promotions help to address issues that are controllable by individuals. In redirecting illness financial burdens can be reduced keeping patients and the government from having to pay to cure the illness or disease. Nurses work in all three levels of promotion and prevention (Edelman & Mandle, 2010). Nurses teach to prevent illness, work with the specialist to help lesson further illness and work in the hospital at the bedside caring for patients that have developed a chronic illness. In many areas of the world there has been a lot of evolution in the nursing field. Nurses...
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...Communicable disease is defined as “an infectious disease transmissible (as from person to person) by direct contact with an affected individual or the individual’s discharges or by indirect means (as by a vector) (Merriam-Webster, 2015).” Chickenpox is considered a common childhood illness and is usually seen in children that are younger than 10 years of age. “Varicella is an acute infectious disease caused by varicella zoster virus (VZV). The recurrent infection (herpes zoster, also known as shingles) has been recognized since ancient times (CDC, 2015).” Chickenpox, varicella zoster virus (VZV) is a DNA type of the herpes virus that is a highly contagious disease. The VZV is spread through direct contact of the virus by coughing or sneezing causing it to be airborne and by direct contact with saliva, mucus and blisters from someone who is currently infected. The blisters that have dried or crusted over do not transmit the disease. Once VZV enters the body by way of the respiratory tract and conjunctiva it replicates and is then transmitted by way of the lymph node. Shingles are a latent form of chickenpox and is generally seen is older adults, and have a similar appearance as VZV that are highly infectious to a person that has not been immunized or previously infected by VZV. Symptoms of VZV appear between 10 to 21 days after exposure. These symptoms are sudden onset of a fever, tiredness; they have no desire to eat that is loss of appetite and a...
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...models at the individual level, and to the best of our knowledge there are even fewer at the firm level. This review will fill this gap. In this study, we review theories for adoption models at the firm level used in information systems literature and discuss two prominent models: diffusion on innovation (DOI) theory, and the technology, organization, and environment (TOE) framework. The DOI found that individual characteristics, internal characteristics of organizational structure, and external characteristics of the organization are important antecedents to organizational innovativeness. The TOE framework identifies three aspects of an enterprise's context that influence the process by which it adopts and implements a technological innovation: technological context, organizational context, and environmental context. We made a thorough analysis of the TOE framework, analysing the studies that used only this theory and the studies that combine the TOE framework with other theories such as: DOI, institutional theory, and the Iacovou, Benbasat, and Dexter model. The institutional theory helps us to understand the factors that influence the...
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...C L I M A T E In Business Communication A critical analysis of Closed Climate Communication in XX Company/E The web-based Merriam-Webster dictionary (2012) defines communication as: “A verbal or written message. A process by which information is exchanged between individuals through a common system of symbols, signs, or behaviour”. Communication is an insightful human nature. It is an important tool to express one’s self and understand others. The typical elements composing communication are; message(s), sender(s), receiver(s), channel(s) and noise is usually impeded (Buchanan & Huczynski, 2010), as illustrated in Figure 1. Noise is a collective terminology for any misalignment between the message sent, or encoded, and the message received, or decoded, causing misunderstanding, misperception, misinterpretation…etc. Figure 1 Communication Elements (Source: Buchanan, D. A. and Huczynski, A. H. ( 2010) ORGANIZATIONAL BEHAVIOUR, 7th edn, UK, Pearson Education Ltd) Thinking of all our differences in culture, environment, language, perception, age, experience, role, skills, as individuals as well as societies, it might seem impossible to establish noise-free communication (Thomson & McHugh, 2002). In organizations, healthy, contented and productive working environment urges for effective strategies to guide employees on how to eliminate noise and achieve work environment where signal transmitted (equals) signal received. Why is it so important...
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...Management and Organization Review 5:1 75–89 doi: 10.1111/j.1740-8784.2008.00137.x The Future of Chinese Management Research: Rigour and Relevance Redux Mary Ann Von Glinow1 and Mary B. Teagarden2 1 Florida International University, USA, and 2Thunderbird School of Global Management, USA ABSTRACT We use the parable of the blind men and the elephant to suggest that Barney and Zhang (2009) and Whetten (2009) analogously touch on only a part of the Chinese management research puzzle. Their analyses remind us of many attempts at anchoring the research purpose – etic versus emic approaches, exploration versus exploitation approaches, rigor versus relevance scenarios – touched on by the many commentators in this issue. We suggest researchers first answer the ‘purpose’ questions before embarking on the research design. The research design should fit the purpose of the knowledge, which is either to improve the performance of Chinese organizations (meeting the relevance criterion) or to replicate, extend or refine a theory developed in the US (meeting the rigour criterion). We believe the strength of applied management research allows us to create knowledge that can meet the criteria of both rigour and relevance. We support the use of academic international research teams and dialectic debate as tools to move the field of Chinese management research forward. KEYWORDS context, polycontextuality, relevance, research team, rigour It was six men of Indostan To learning much...
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...UNIT 7: THE DEVELOPING MANAGER Get assignment help for this unit at assignmenthelpuk@yahoo.com LO1 Understand principles and practices of management behaviour Management theory and styles: assumptions and drawbacks, classical theories, main contributors, the influence of informal groups, hierarchy of needs, systems approach to management, contingency approach, leading authorities Leadership characteristics: styles eg autocratic, democratic, laissez-faire, action-orientated; motivation theories, factors affecting motivation and performance, motivation techniques, effectiveness; conflict resolution; the role of partnerships and stakeholders in the business Communication: communications processes, verbal, written, non-verbal; lines of communication, linear, lateral, formal/informal; barriers to effective communication Organisational culture and change: types of organisational structure and culture; factors influencing changes in culture; types of change eg demographic, economic, legislative; planned change theory; managing and measuring the effectiveness of change; sources and types of power; change drivers LO2 Be able to review own potential as a prospective manager Self-knowledge and appraisal: skills audit eg management skills, leadership skills, practical/technical skills, personal skills (eg interpersonal/motivational/communication skills), organising and planning skills cognitive and creative skills; qualifications (current/planned), strengths and weaknesses analysis;...
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...AS/NZS ISO 31000:2009 Accessed by UNIVERSITY OF TECHNOLOGY SYDNEY on 27 Feb 2012 Risk management— Principles and guidelines AS/NZS ISO 31000:2009 This Joint Australian/New Zealand Standard was prepared by Joint Technical Committee OB-007, Risk Management. It was approved on behalf of the Council of Standards Australia on 6 November 2009 and on behalf of the Council of Standards New Zealand on 16 October 2009. This Standard was published on 20 November 2009. The following are represented on Committee OB-007: Australian Computer Society Commerce Commission New Zealand Committee IT-012 Department of Education and Early Childhood Development Victoria Emergency Management Australia Engineers Australia Environmental Risk Management Authority New Zealand Financial Services Institute of Australia The Institute of Internal Auditors – Australia Institution of Professional Engineers New Zealand International Association of Emergency Managers La Trobe University Law Society of New South Wales Massey University Minerals Council of Australia Ministry of Economic Development (New Zealand) New Zealand Society for Risk Management Risk Management Institution of Australasia The University of New South Wales University of Canterbury New Zealand Accessed by UNIVERSITY OF TECHNOLOGY SYDNEY on 27 Feb 2012 Keeping Standards up-to-date Standards are living documents which reflect progress in science, technology and systems. To maintain their currency, all...
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...various ideals patched together into a theory of management accounting, nevertheless, it should be recognised that it provides a wealth of knowledge into contemporary management accounting practices. Contingency theory provides enhanced information to the individual which ultimately improves decision making and assists in achieving organisational objectives (Hamas and Lääts, 2002, p. 379). This theory has invaluably provided research evidence that are attributable to contemporary management accounting knowledge and designs. It has provided a profound method to adjust to ever changing external environments and the need for changes in internal factors (Otley, 1980, p. 413). Strengths of contingency theory style research Challenging the criticisms of contingency theory for being fragmentary and contradictory due to its methodological limitations, it is the failure of critiques in realising the many different forms of management accounting designs under the contingency approach and the relationships between those design which have perpetuated this idea (Gerdin and Greves, 2004, p.303). Attention should be shifted to the concepts under which contingency theory has been applied. Contingency theory in its simplest form highlights that an organisation’s structure is conditional upon contextual factors such as environment, strategy and size. One of its key strengths is a congruence approach that it represents, whereby assuming context determines the structure of the organisation...
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...different cultural and institutional framework of each country in which the MNC operates. Some even argue that best practice is dead. This essay will examine that although best fit play an important role in the practice of strategic HR management, best practice is still valuable in the context of a multinational corporation (MNC). Introduction In the light of globalization, HRM is evolving from being a mere support function to one of strategic importance and researchers have argued that HRM policies and practices are more significant because they can act as mechanisms for co-ordination and control of international operations. Strategic Human Resource Management (SHRM) involves the development of a consistent, aligned collection of practices, strategies and policies to facilitate the achievement of the organization’ strategic objectives (Mello, 2002). The theory of SHRM does, actually, advocate two ways of linking HRM to strategy. The “best fit” approach is associated with the contingency approaches. It argues that firms must what constitutes a good HR strategy will depend on the specific context. On contrast, the “best practice” speculates that there is a exact set of human resource practices that can been applied in almost any organizational context that helps to improve the performance, thus helps to deliver outcomes that are valuable for all the stakeholders, particularly employees. As...
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