relationship between a manger’s level in the organization and the type of planning done. For this most, lower level Managers do operational planning while upper level managers do strategic planning. * Degree of environmental certainty - when uncertainty is high, plans should be specific, but flexible. Mangers must be prepared to change or amend plans as they are implemented * Length of future commitments says that plans should extend far enough to meet those commitments made when the plans
Words: 871 - Pages: 4
Accounting Standard (AS) 9 Revenue Recognition (This Accounting Standard includes paragraphs set in bold italic type and plain type, which have equal authority. Paragraphs in bold italic type indicate the main principles. This Accounting Standard should be read in the context of the General Instructions contained in part A of the Annexure to the Notification.) Introduction 1. This Standard deals with the bases for recognition of revenue in the statement of profit and loss of an enterprise. The Standard
Words: 3176 - Pages: 13
employee. The advantages of outsourcing are more experiences, opportunity to get expertise in particular job, and manageable time & planning to the next job. In contrast, disadvantages of outsourcing are low salaries, poor employee benefits and uncertainty for continuing job. This paper describes, even though outsourcing discriminates outsourced employee, there are some benefits for outsourced employee. Advantages and Disadvantages of Outsourcing for Outsourced Employee
Words: 2225 - Pages: 9
TECHNOLOGY ENTREPRENEURSHIP (ENT600) UNIT 2: CREATIVITY, INNOVATION AND TECHNOLOGY ENTREPRENEURSHIP Entrepreneurship Dept, FBM (2009) ENT600/UNIT 2: CREATIVITY 1 Introduction • Discovery of opportunity at the right time and place is the corner-stone of any entrepreneurial success • Technopreneurs need to be creative in discovering new opportunities (in terms of products or services) either through invention or innovation. Entrepreneurship Dept, FBM (2009) ENT600/UNIT
Words: 1965 - Pages: 8
market value maximization seemed to have equivalent implications in a world of certainty, however in a world of uncertainty this equivalence vanishes. - Under uncertainty the profit outcome has become a random variable and as such its maximization no longer has operational meaning. - Market value maximization provides a workable theory of investment in a world of uncertainty. Under this approach any investment project and its financing plan must only pass the following test: Will the project
Words: 313 - Pages: 2
China Asian Average and World Average [pic] Comparison of Germany and China [pic] Power Distance Index Germany 35 LOW China 80 HIGH Individualism Germany 67 HIGH China 66 LOW Masculinity Germany 66 HIGH China 66 HIGH Uncertainty Avoidance Germany 65 HIGH China 30 LOW Long Term Orientation Germany 31LOW China 118 HIGH Power Distance Index – PDI Power Distance measures equality of power in society and how much people are willing to allow or give in to superiority
Words: 2764 - Pages: 12
nature and dimensions of the Hofstede’s cultural framework. It is a model that distinguishes cultures into five dimensions. The five dimensions include; the power distance, the collectivism versus individualism, femininity versus masculinity, the uncertainty avoidance and long versus short-term orientation. In the analysis of cultures, a scale is improvised in each dimension of the culture framework (Jackson et al., 2011). The
Words: 2263 - Pages: 10
Abstract This paper discussed and explained outsourcing, identified effective techniques and methods, and why outsourcing is utilized. Outsourcing can be an effective method for improving an organization’s functionality. While outsourcing advantages can reap benefits of improved productivity and lowered costs, the disadvantages must be taken in consideration to reach success. Analyzing the different aspects of: why is outsourcing necessary, what are the potential advantages and disadvantages, and
Words: 2418 - Pages: 10
“Term Paper on Organizational Culture” Submitted to: Mr. Madan Lal Pradhan Course Instructor Organization Behavior Submitted by: Pratik Shrestha 4th Trimester, Section B Email Address: pratik.sth@gmail.com Date: September 5th, 2014 Organizational culture is a widely used term but one that seems to give rise to a degree of ambiguity. Watson (2006) emphasizes that the concept of culture originally derived from a metaphor of the organization as ‘something cultivated’. For the
Words: 2476 - Pages: 10
The 20th century has undoubtedly been a time of extreme international uncertainty and political turbulence. Major international conflicts including two world wars, and numerous threats of terrorism has escalated states fear of their own nation's security. Organski explained the direct correlation between war and security when he said , “war occurs because power is expected to conduce to proportional influence, wealth, and security.”. A simple definition of security dilemma is when one
Words: 1153 - Pages: 5
