Industrial Classification (PSIC) is a detailed classification of industries prevailing in the country according to the kind of productive activities undertaken by establishments. The 2009 PSIC was patterned after the UN International Standard Industrial Classification (ISIC) Rev. 4, but with some modifications to reflect national situation and requirements. The PSIC was revised to (1) reflect changes in economic activities, emergence of new industries, and the structure of the economy (2) to take into account
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more structured of service industry. 5. Services require more skilled personnel than those of manufacturing. 6. Cost is often higher in service industry to train the employees. 7. The input of service may not be in effect always 8. Service organization need to hold or retain more talented, experienced, related to reputation, employees in compare to manufacturing organizations. All these challenges that are also known as obostacles for the manager of service industry 2. Why does service management
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than in goods producing industries. There is no exact data about this but only some notion of hypothesis by the economists and business men support Baumol that it is hard to improve productivity in service sector due to some reasons. Service industry means one is offering their service using a platform and most commonly used platform till today is the labour force. The first reason that leads to the difficulty in improving productivity of a company is because service industry typically needs the intensity
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Home Style Cookies, Lew Mark Baking Company In this case study, the focus revolves around the Lew Mark Baking Company. The Lew-Mark Baking Company according to the case study is from a small town in western New York. Lew-mark Baking company operates in New York and New Jersey. It employs around 200 workers in a mainly blue collar, informal atmosphere. In my paper, I will answer several questions about operations for this company The Cookie Production Process When describing the cookie production
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in the supply chain and meeting demand, both setbacks realized in adopting it. The magnitude of the benefits and setbacks can vary depending on the industry. The current study provides details on the advantages and disadvantages of employing the policy in the manufacturing industry with implementation examples specific to the car manufacturing industry. With the policy being pioneered by Toyota, and later used by Ford, the evidence that the two organizations have benefited substantially from the policy
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Spartan to maintain a positive rapport with clients, as their approach allowed for meeting the client’s specific needs. However, the industry trend has changed and competition from international sources has pressured Spartan’s Executive Management to revise the fiveyear development plan to compete with Korean and European firms. The standard for the industry has shifted from customized solutions to a low-price, highly-standardized market. This is not in line with Spartan’s current initiatives
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all of the problems that the smog is causing, Chinese officials and citizens are trying to come up with ways to clean up the smog. However, cleaning up the smog sounds impossible because Beijing is the home of some of the heaviest manufacturing industries in the world. The city houses many factories such as steel, coal, cement, and brick factories. According to the article, the smog is a result of the heavy industrial production. In recent years, the amount of pollution in the air has increased
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Stickley Furniture Brandy L. Spinks Business 644 Dr. Snell July 4, 2011 Stickley Furniture One aspect of project management that used to receive quite a bit of attention in the 1950s and 1960s was the project organizational structures. A myriad of new organizational structures have appeared on the scene in the last couple of decades but they still lack many of the desirable qualities in the traditional methods. Ultimately, project management directors seek organizational methods that facilitate
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Planning 1. Companies selected for project 1. Industry sector: Travel and leisure Company name: Carnival plc 2. Industry sector: Support Services Company name: Bunzl plc 3. Industry sector: Banks Company name: Standard Chartered 4. Industry sector: Media Company name: Personal plc 2. Approach to the project I use the Fundamental Analysis and “top-down” approach to select appropriate stock. 3. Justification for choices Dylan (47) and Ella (45) have been
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by Kenneth D. Pritsker No man is an island and, increasingly, no company or industry can .function profitably without some degree of intra-industry integration. Through a model based on companies competing in major segments of the air transportation industry, key relationships are identified among industry segments in a way that reconciles internal and external industry views. The model captures business processes, value chains, and interactions that generate end products in order to isolate strategic
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