What is the difference between Human Capital and Human Resources Management? Human Capital: the knowledge, skills, and capabilities of individuals that have economic value to an organization; it is intangible and cannot be managed the way organizations manage jobs, products, and technologies -based on company specific skills -gained through long-term experience -can be expended through development Human Resources Management: the process of managing human
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Chapter 07 - Designing Organizational Structure Chapter 07 Designing Organizational Structure CHAPTER CONTENTS Learning Objectives Key Definitions/Terms Chapter Overview Lecture Outline Management in Action Building Management Skills Small Group Breakout Exercise Be the Manager Case in the News 1 Chapter 07 - Designing Organizational Structure LEARNING OBJECTIVES LO 7-1. Identify the factors that influence managers’ choice of an organizational structure. LO 7-2. Explain
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Chapter 1 Management and Control Management control is a critical function in organisations. Management control failures can lead to large financial losses, reputation damage and possibly even to organizational failure. Reality shows us (in some examples illustrated on page 3-4) the importance of having good management control systems (MCS). However, adding to much control does not always lead to better control. Some MCS’s in common use often stifle initiative, creativity, and innovation. I.e. in
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effective human resource functions. In Alum-Titan’s, the management has to perform duties designed for the function; this tends to load more obligations to the management. As a result, there has been wastage of time that could have used to attend to other duties. Moreover, though the management has tried to somehow perform the tasks, lack of human resource function is a great barrier to the company. Therefore, I can urge the company to hire part time/temporary human resource function if it cannot afford
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(2014Spring) INFO TECHNOLOGY INFRASTRUCTURE INFO-300-901-2014Spring | Technical Essay 3 | a comparative analysis | | Kym Harris | 4/26/2014 | | Introduction Microsoft Windows, Apple Macintosh, and Red Hat Linux are the most popular operating systems used today. All three platforms have pros and cons, but many users struggle to find the right OS to serve their computing needs. While Macintosh and Linux seem to be impenetrable to viruses, Windows suffers a great deal from such intrusions
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industry control similar resources & strategies 3) Resources are highly mobile across firms 4) Decision makers should be rational & act in the firm’s best interests Steps: 1) Study the external environment 2) Locate the industry 3) Identify the industry’s strategy 4) Develop assets & skills on the strategy 5) Using the firm’s strengths in the strategy Conclusion: The I/O model of AAR challenges firms to locate the most attractive industry in which to complete because of the four assumptions
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individual organizational roles control = ability to coordinate and motivate people to work in the organization’s interests Subunits: Functions and Divisions - - function = subunit composed of a group of people, working together, who possess similar skills or use the same kind of knowledge, tools or techniques to perform their jobs à as organizations grow, they differentiate into 5 different kinds of functions: o support functions – facilitate control of relations with environment and
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management control system targets. Therefore, conventional management control systems focus on getting better operational efficiency. But as operational efficiency is no longer adequate to create sustainable competitive advantages, management control systems must be expanded to managerial practices that cultivate employee cooperation and creativeness in the discovery and development of new business opportunities. This is especially the case in the high-tech industries that are at the faced with
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Chapter 1 Auditing and Internal Control Review Questions 1. What is the purpose of an IT audit? Response: The purpose of an IT audit is to provide an independent assessment of some technology- or systems-related object, such as proper IT implementation, or controls over computer resources. Because most modern accounting information systems use IT, IT plays a significant role in a financial (external audit), where the
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performance by the Board of Directors and Management of their respective duties and responsibilities to the stockholders; b) Board of Directors – the governing body elected by the stockholders that exercises the corporate powers of a corporation, conducts all its business and controls its properties; c) Exchange – an organized market place or facility that brings together buyers and sellers, and executes trades of securities and/or commodities; d) Management – the body given the authority by the Board
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