Week 2 The business context 1. Porter’s Five Forces Where does the power lie? How do I maximise my power and leverage? How do I identify and minimise my weaknesses? The threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services and rivalry among existing competitors 2. Porter’s Generic Strategies How do I gain a competitive advantage in business? What strategies will help me achieve my goals? 3.1 The Cost Leadership Strategy
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cost: best alternative decision that is foregone when making a decision Leads to rational decision making Choose options that will generate the highest valued benefits to the business Role of profit: Acts as incentive to produce Acts as the reward for risk takers Encourages innovation and invention Acts as an indicator of growth Signals when to switch b/w low-profitability and high-profitability business activities Survival in the long run Money for owners (surplus, on the other hand
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in professional life and vice versa. Now a day to retain the employees in the organization providing healthy QWL is the key factor. In earlier times QWL means only job enrichment. In addition to improving the work system, QWL programs usually emphasize on development of employee skills, the reduction of occupational stress and the development of more co-operative labor-management relations. The components of Quality of Work Life may vary from organization to organization, individual to individual
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Q) Career planning and its benefits? What is Career Planning? Career planning is a lifelong process, which includes choosing an occupation, getting a job, growing in our job, possibly changing careers, and eventually retiring. The Career Planning Site offers coverage of all these areas. This article will focus on career choice and the process one goes through in selecting an occupation. This may happen once in our lifetimes, but it is more likely to happen several times as we first define and then
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businesses to ensure the momentum continues to build long term shareholder value. We will continue to refine our brands to changing customer expectations • Our strong new store rollout across all brands continued during the year • FY09 saw enhanced Rewards development and launch of new initiatives • We are well positioned for future growth with a strong balance sheet and cash flow 2 Highlights – Full Year 2009 Successful year with solid results across our business FY09 Sales - Group - ex
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250 OB ON THE EDGE The Toxic Workplace It’s not unusual to find the following employee behaviours in today’s workplace: Answering the phone with a “yeah,” neglecting to say thank you or please, using voice mail to screen calls, leaving a half cup of coffee behind to avoid having to brew the next pot, standing uninvited but impatiently over the desk of someone engaged in a telephone conversation, dropping trash on the floor and leaving it for the maintenance crew to clean up, and talking loudly
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has been prepared for a chapter in the Handbook of Labor Economics Volume IV edited by David Card and Orley Ashenfelter. We would like to thank the Economic and Social Research Council for their financial support through the Center for Economic Performance. This survey draws substantially on joint work with Daron Acemoglu, Philippe Aghion, Eve Caroli, Luis Garicano, Christos Genakos, Claire Lelarge, Ralf Martin, Raffaella Sadun and Fabrizio Zilibotti. We would like to thank Orley Ashenfelter, Oriana
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|WHAT IS ORGANIZATIONAL BEHAVIOR? | CHAPTER 1- OUTLINE What Manager’s Do |A. Importance of Developing Managers’ Interpersonal Skills | | |Companies with reputations as a good place to work—such as Pfizer, Lincoln Electric, Southwest Airlines, and |
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the module, describe one person who could be called a leader and analyse how effective this person’s leadership is and why it is effective. Introduction In a rapidly changing world, organisations are in constant battle to achieve superior performance and outstanding competence. Every organisation must cope with changes caused by internal and external sources. These challenges are occurring more frequently and if not properly faced, they can create chaos and confusion. To avoid such disorder
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Fall Semester 2013 Productions & Operations Management BUM 4013 (01) Research Paper November 4, 2013 Job Satisfaction in Management And How Faith Provides Satisfaction Content Abstract ____________________________________________________ 1 Pay _______________________________________________________ 2 Promotions _________________________________________________ 4 Supervision _________________________________________________ 5 Coworkers __________________________________________________
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