Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Theory and Economic Analysis for Business Management - Essay Example

Comments (0) Cite this document
This paper "Theory and Economic Analysis for Business Management" focuses on the values and practices of production to reach its preferred organizational objectives conducting successful administration. Management theories are executed to assist in organizational efficiency and overhaul quality. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
Theory and Economic Analysis for Business Management
Read TextPreview

Extract of sample "Theory and Economic Analysis for Business Management"

Download file to see previous pages Contingency Theory asserts that administrators make decisions based on the state of affairs at hand rather than a "one size fits all" technique. An administrator takes corrective action based on features most significant to the existing state of affairs. Managers in an institution of higher education may desire to utilize a management approach, which includes a contribution from the workforce while a manager in the armed forces may want to employ a domineering approach.
Looking at the M.A.S holdings, Mr Mahesh the director of this investment used this theory successfully. After the work situations in Sri Lanka had gotten hard, he sought to resolve this matter well within the required period. He decided to put into practice and experience his new-fangled thought and hired the female labour for the real initial instance in Sri Lanka, knowing the reality that female in Sri Lanka were extremely experts in garments related fields. His target was to utilize the cheapest and most expert professionals to labour for them.
Rigby, (2008) affirms that, Hiring women, as employees were not an easy undertaking because the females were not permitted to toil and they were controlled from their families. He started cheering women to abscond their homes and get chances to make wealth. Further, he started diverse operations with the aid of his spouse. He also formed free of charge residence for women, free of charge dispensaries and checkup facilities inside the factories, free of charge breakfast and lunch for women functioning for this undersized entity.
This was more than adequate for the deprived families, so they had deep thoughts of it. As time went, the females from diverse parts of the state got optimistic and went for employment. After several courses of time, the administrator started manufacturing Bra for the prominent corporation brand called Victoria secrets. It was a prominent corporation, and this was not easy to begin dealing with this corporation. 
He persuaded them and made certain that he would congregate their hope.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Theory and Economic Analysis for Business Management Essay, n.d.)
Theory and Economic Analysis for Business Management Essay. Retrieved from
(Theory and Economic Analysis for Business Management Essay)
Theory and Economic Analysis for Business Management Essay.
“Theory and Economic Analysis for Business Management Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Theory and Economic Analysis for Business Management

Role of Theory in Human Resource Management Strategy Analysis

...of organisation. Contingency theory accepts that managers implement strategy for competing in the dynamic environment (Seyedjavadin & Zadeh, n.d.). Through this theory the managers can understand the economic desirability of fitting HR strategy with a company’s objective. A proper analysis of economic aspects of human resources can help organisation to formulate the budget for any human resource strategy. Behavioural Theory The behavioural theory gives an understanding about the interdependent role of behaviour which serves as making blocks for administrative system. The role behaviours...
4 Pages(1000 words)Essay

Economic Theory of Marketing Control and Business

...’, The Economic Journal, vol.108, pp. 60-74. Doole, I & Lowe, R 1997, International Marketing Strategy: Contemporary Reading, Thomson Learning, UK. Funding Universe n.d, ‘McDonald’s Corporation’, Viewed 30 November 2011, Ghosh, R, Balaji, D, Shah, J, Sherlekar, N & Sidana, D n.d, ‘McDonald’s: Behind the golden arches: Customer acquisition and retention’, NMIMS University, 1-23. Gibison, A n.d, ‘McDonald’s: A good image with bad ethics’, Viewed 30 November 2011, business/journal/review_08/Gibison.pdf> ‘Internationalization theories’, n.d, Viewed 30 November 2011,
12 Pages(3000 words)Essay

Business Management Theory

...contributions to the management theory as discussed in the book ‘Handbook of Media Management and Economics by Alan B Albarran’, Michael O Wirth and Chan-Olmsted. From this book, he made contributions on the management theories such as coming up with careful and systematic analysis ideas in matters to do with the job. He also made came up with a way of identifying the employees that are best fit for certain jobs. (Montana, 23) Through his efforts, the scientific management proposed that workers should receive high wages so as to be more productive. These scientific management...
4 Pages(1000 words)Research Paper

Economic Theory of Capitalism

...One of the most propagated theories of economy is that of capitalism, which supports free trade, which has been dominant for most of the history of modern western civilization. This has been because of the fact that many of the scholars of the age, especially the nineteenth century, were of the belief that in all aspects of life, including that of economics, only the strongest could survive. This was an idea that was propagated by Darwin and other natural scientists of his age and it took root among those who dominated the society at the time. This is the reason why during the same century, rival views to this were developed by such individuals as Marx and Engels who believed in the communist way of life, where it was believed... and this...
3 Pages(750 words)Essay

Theory of Economic Deflation

...Theory of Economic Deflation: Cause and Effect Introduction: Deflation has historical evidence starting from 14th century. The periods of the deflation are as follows "1330 to 1490, 1670 to 1770, and 1850 to1900" (Sptephen, 2003). The deflation in generally, portrays where the economy of a nation or group of countries go down with the indication of decrease in the price. Cause for deflation: The main indicator of the deflation is price of good. With the help of historical data of price of a commodity one can plot the overall economy of a nation. If the deflation indicator found to lean down then after a break point the indicator will become negative. This process is deflation. The two pair of key...
2 Pages(500 words)Essay

Economic theory

...Introduction Economic theory exemplifies that there is direct relationship between consumption and income. The theory further s that consumption is on the other hand negatively or indirectly associated to real interest rate and unemployment. It is hence the general objective of the study to express the relationships of these variables using models. Specifically, this study aims to: a. conduct misspecification tests for the two models provided; b. estimate parameters of the model using the Ordinary Least Squares method; c. determine which of the two models provided is valid to be used for inference; d. interpret the results of the statistical analysis; and e. enhance the skills in using E-views to analyze time series data... and to...
8 Pages(2000 words)Essay

Micro Economic Theory

...Micro economic theory Economic activity of a firm in general is determined not only by consumption and consumer behavior but is also influenced by production and trade. Assumptions about consumer behavior that are made by the producers also play an important role in determining the guidelines based upon which a producer makes its choices. Production is measured in terms of the flow of inputs and outputs during a particular period (Guoqiang, 2006). Technology is vital in determining this production process because it will determine the combination of inputs in producing the output. A production plan made by a producer will comprise a list of selected outputs. All the production plans that...
7 Pages(1750 words)Essay

Business Management Case Analysis

... then it would be better to curtail harmful information than having users arrested for possessing information they may not even consider harmful Such information may proliferate state instability, conflict and insurgency (Baron 5). These consequences do not actually serve any good to the society, whether in China or across the world. There is a moral obligation that the company should not withhold information but it should not be at the cost of arrests or state instability in any country. References Course Notes. Corporate Governance. Baron, David P. Google in China. Stanford Graduate School of Business. November 15, 2006.... in China Ethical Dilemma When Google had decided to launch Google in Chinese, it faced the challenge of the Chinese...
2 Pages(500 words)Essay

Management Project Economic Analysis

...Management summary This project aimed at getting pure Cumene at a rate of 1300 lbmole/hr while using a feedstock of pure benzene and propylene. In this case, combining Benzene with Propylene results in the attainment of Cumene. The process has a byproduct of poly-di-isopropyl-benzene, which is easily separated by fractionation section. The byproduct is produced by an additional reactor. In order to attain a lower cost and higher purity, recycle streams is used in the process. Further, temperature regulation is essential since the reaction occurs at high temperatures. With reference to economic analysis, FCI has a total of 16.53 M$ that comprises of 14.53 M$ ISBL and 2.0 M$ OSBL. As...
1 Pages(250 words)Essay

Economic Theory

...Keynesian Economic Theory Keynesian Economic Theory Economists and financial experts have coined up several economic theories such asthe neoclassical synthesis to provide solutions for the pitiable economic conditions of the country. Even so, the best economic theory for our country is the Keynesian economic theory because an increase in aggregate demand increases economic activity in the country. The resultant increase in economic activity has a ripple effect because it increases employment opportunities and reduces...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Theory and Economic Analysis for Business Management for FREE!

Contact Us