decisions and action that determines the way for the long-range performance of the company. It includes environmental scanning, strategy formulation, strategy implementation, evaluation and control. It emphasizes the monitoring and evaluation of external opportunities and threats in light of corporation’s strength and weakness. Business policy has a general management orientation and tends primarily to look inward with its concern for properly integrating the corporations many functional activities
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• What remote environment trends have driven the industry to its current state? Are these factors changing? What will be their affect on future growth in the industry? Remember that a short text may only make reference to some of the factors in the remote environment. • What forces within the industry determine its current profitability? Are these forces changing? What will be their impact on the future profitability of the industry? Again, remember that a short text may only make reference
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Assignment 5.1.1 – Inherent Limitations of Internal Control By: Jennifer Jones 1. Describe three inherent limitations of internal control in preventing or detecting fraud. Provide a real-world example of each type of limitation. “Certain events or conditions are simply outside management’s control and that no system of internal control will always do what it is designed to do. The best that can be expected in any of system of internal control is that reasonable assurance be obtained” (COSO
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THE COURSE INTERNAL EQUITY (ALIGNMENT) AND EXTERNAL EQUITY (COMPETITIVENESS) After reviewing the Wilson Brothers Case Scenario, as Director of Human Resources for the organization, what conclusions can you draw with respect to the status of the company’s compensation strategies that are currently in place? What would you do to begin to address this situation? (3 Marks) Provide Constructive Feedback to at least two other student’s postings. (2 Marks) HINT:-reference both internal equity (alignment)
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view argue that organizations should look inside the company to find the sources of competitive advantage instead of looking at competitive environment for it. The following model explains RBV and emphasizes the key points of it. _ Improve your management style, hire a business speaker According to RBV proponents, it is much more feasible to exploit external opportunities using existing resources in a new way rather than trying to acquire new skills for each different opportunity. In RBV model
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the environmental context. By the end of this unit the learner will have developed their understanding of how HR activities support an organisation’s strategy and assist the achievement of business objectives and how these are shaped by internal and external factors. This unit is suitable for persons who: are aspiring to, or embarking on, a career in HR/L&D are working in the field of HR/L&D in a support role and wish to develop their knowledge and skills have responsibility for HR/L&D
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Internal and External Equity Comparison HRM / 324 Recruitment, retention and reduction of staff turnover are some of the key things that many organizations focus on when they begin to put together the “fundamental glue” of the company, the Compensation Plan. Those things in mind, both the internal and external equity considerations, and how they effect an organization should not be dismissed. Compensation packages are arguably the most valuable piece of information to an organization
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everyday life in many business circles as a large number of organizations are involved in one form of e-businessor another such as e-procurement. The effect of e-business and in particular e- procurement on internal customer service is being addressed in this study because e- business and internal customer service are all important issues in today’s globalisedworld which is characterised by stiff competition among organisations.One of theResearch suggest that e-business activities bring three types of benefits to theorganization:
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over the long term, which ideally matches its resources to its changing environment and in particular to its markets, customers and clients to meet stakeholder expectations”. Snell & Bohlander (2007:48) define it as “a set of procedures for making decisions about the organization’s long term goals and strategies”. The company’s long-term plan for how it will balance its internal strengths and weaknesses with its external opportunities and threats to maintain a competitive advantage.
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of 12 years with MBA and that of 4 years with EMBA, the Online MBA Programme was introduced in 2007 and has been in progress. External and Internal Environment reflects on MBA programme One of the core objectives of MBA programme is to ensure a steady stream of men and women trained to meet challenges managing modern businesses in an increasingly competitive environment. The study of management traditionally focused on a closed-system view within organization, such as leading, organizing, motivating
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