activities which produce value in form of products and services to the ultimate customer”. Slack & Lewis (2008, p. 100) However, to better synchronized flows of information for all the innovative deliverables required for the development relationships, there exist a need to involving a supply chain partner as a third party who will help in the contribution of the operations function in the organizational activities, structured to drive project successfully to completion. Regardless of how successful
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Assignment Title: “Agency exists whenever a person can bind another by acts done on his behalf” – Illustrate Abstract Agency is defined as the relationship which arises where one person known as the agent acts for another known as the principal. Through the acts of the agent, the principal and a third party may be brought into a contractual relationship. The legal effect of such acts by agents is that the person for whom they are acting - the principal – is bound by such acts and may incur legal
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Here, B stated to S, " Since you are also in the bee business and have bought bees and hives from me in the past…" This statement shows both parties deal in goods of the kind (bees and hives) or have special skill or knowledge regarding the specific goods involved in the transaction; therefore, B and S are merchants and will be held to higher standard of good faith and fair dealing. Offer An outward manifestation of present contractual intent so made as to justify another in thinking his assent
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Effective HRM practices support business goals and objective. Thereby, effective HRM practices are strategic. It can improve the performance of an organization by enhancing customer satisfaction, innovation and productivity. Among the stakeholders that manager’s decision making affects, employees have a special status because most managers whatever their salary or financial stake in the company are employee themselves. This puts managers in a dual moral relationship with the corporation. As organizational
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Eight months ago, Span Systems signed a $6 million bi-lateral contract with Citizen-Schwarz AG (C-S) to develop the new software for their electronic banking system. The basis of the contract is Span System’s promise to provide C-S with new banking software that meets their needs and expectations while meeting key deadlines (University of Phoenix, 2002). C-S has agreed to pay Span System for their services, and to provide timely feedback, response, and representation to assist Span Systems in
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Contractor Relationship. The parties agree and acknowledge that the relationship of the contractor with Affordable Fun Jumps hereunder is that of an independent contractor and any and all services performed or provided by the contractor hereunder shall be performed or provided by it in such capacity. The contractor shall in no way and for no purpose hereunder be considered an agent, servant, employee, partner or co-venturer of Affordable Fun Jumps or be deemed to hold any relationship with Affordable
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I. The Tribunal Does Not Have Jurisdiction Over The Claims Brought Before It. 1 A. The undertaking of the Claimant does not amount to an investment. 1 B. The Tribunal does not have jurisdiction over contractual matters. 2 1. The Tribunal does not have jurisdiction over contractual disputes because of an exclusive dispute resolution clause. 2 2. The terms of the contract are broad enough to incorporate associated claims. 3 3. Arguendo, if both forums have jurisdiction, the one under
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The term human resource management was being used by Peter Drucker and others in North America as early as the 1950s. The people management policies and practices which are usually termed ‘HRM’ originated in manufacturing industry in the USA during the late 1970s and early 1980s. These represented a significant break with the personnel management paradigm. A number of factors led to this new management thinking, principally loss of faith in the traditional approach to mass production, the example
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Michael Brabham Sean Dannaker Adam Ray Julia Yuldasheva June 12, 2011 Power & Negotiation CROSS-CULTURAL NEGOTIATION A. Your Goals 1) Identify and explain your team’s (not your individual) three top goals in this negotiation. Discuss them in order of priority. In planning terms, for these goals what are your targets? What are your resistance points (or if appropriate, your reservation prices)? a) We desire to have the Olin Insurance Company branch office opened in Wuhan instead of
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comparing and contrasting them against one another. In addition, I will also discuss how these strategies might apply in the workplace setting. Situations In a situation described by Dr. Bob March (2009), most foreign companies fail in negotiating a business deal in China because they failed to do their research, being unprepared (¶ 1). Preparation requires the negotiator to do research. In doing research the negotiator will have a better understanding of the counter party, in this the Chinese, in hopes
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