Empirical evidence: Conrad and Kaul (1993) state that the returns have no connection with overreaction whatsoever and that the contrarian strategy is upwardly biased, thus resulting in true returns that are unaffected by overreaction. On the other hand, Lusua and Norden (2005) believe in a strong correlation between investors reactions, over or under, and profitable contrarian and momentum strategies.
In sociology, Weber (1947, as Buchanan, Huczynski, 2003, pp. 90-98 discusses) conceptualized leadership as legitimated by virtue of subordinates' understanding of bureaucratic authority, rules, and legitimacy. Weber identified three general typologies of leadership in bureaucracy: charismatic, traditional, and legal.
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The basic objective of strategic planning is to understand the benefits, the products, and learning the keys to successful planning and implementation of the strategy. In the process of preparing effective strategic planning, environmental issues and trends, mission statement, general objectives, and strategies are developed, evaluated and refined.
The paper shows that the strategy is made after a situation arises calling for immediate action. The decisions are based on short term results with not so precise objectives in the long run. Incremental Approach – It is moderately dynamic. It thrives in an ever-changing business environment. An example here is the SAINSBURY'S company stated above.
It is evidently clear from the discussion that conflicting values and/or interests is what leads to conflict. According to Fiore, the effects of conflict in the workplace are both widespread and with expensive ramifications. Accordingly, 24-60% of the management time and energy is spent dealing with anger issues in the workplace.
The author states that Earned Value Management is a project management technique for making an educated guess as to how a project is doing in terms of its budget and schedule. It compares the work finished with the estimates made at the beginning of the project, which gives a measure of how far the project is from being finished.
The paper under analysis gives exact explanations about the fact that there are no or very little logical connections between fashion trends, which makes it particularly difficult to predict the next one for business analysts. Manufacturers have to rely on talent, professionalism, and flair of their designers for future market demands.
The selection of the advertising mode is of significance as it will affect the funds to be set aside for advertising, and promotional activities as well as retail management. The Order placement is another area which will require careful timing as it can be a source of wastage in terms of delays or damage.
Organizational changes are required to maintain equilibrium between various external and internal forces to achieve Organizational goals. Therefore, various factors, which may be important for necessitating Organizational changes, may be grouped into two categories External & Internal. Every Organization exists in some context.
As the newly hired Human Resources Director for the National Lewis and Clark Corporation (NL&C), a 2- year old innovative service organization that has grown from 5 employees to 250, with most of that growth occurring in the past 6 months, the NL&C company president has just come and asked to implement a Comprehensive Management Training Program.
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, Research Paper
In keeping with the theories of competitive advantage which today’s global market place thrives on, it is apparent that innovation is the name of the game. Innovation is that element in the global market place which deals with variations of the same product for the creation of a unique selling point for each kind of product and producer of the same.
The accountant must develop both his writing and oral communication skills for management and clients to understand his report. Many accounting schools failed to give emphasis on the importance of effective communication in the accounting profession The communication skills of an accountant, therefore, have to be developed in the working place.
Perceived justice of an organization is central to the retention of quality employees. If there is no established trust or justice, employees will engage in an “us against them” mentality that is detrimental to their satisfaction and ultimately production at work. Therefore, it is important to measure perceptions of justice.
Being exposed to different types of people who are all driven to success makes me maintain high standards of excellence, thereby increasing my competitiveness not only as a professional but also as a person in general. Hence, instead of being satisfied with lower standards, I try to do my best in any situation.
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, Research Proposal
The author states that the practice of management has been faced with the appearance of many fads and fashions without any scientific standpoint to validate their positions. Through the study of Barnard’s and Taylor’s views, there can be a sound integration of two different schools of management thought.
The most important aspect of security assessment and planning is its sustainability. According to the EDAW (1999), the welfare of the population depends upon the “quality of the environment and the availability of resources. The idea of sustainable planning in terms of the security will help us ensure that the kind of safe environment.
Bringing accounting policies to single standard has become a basis of free competition. When financial statements of every company is prepared in accordance to same standards, it easier for investors to analyse the current performance. With national markets merging into global, the number of companies operating internationally grows rapidly.
Data from the survey show there has been a continuous decline in the number of new ISO 9000 registrations in the manufacturing industry since reaching its peak some 4-5 years (up to and including survey year, 1996) ago. Statistically significant relationships exist between firms with ISO and those without ISO registration.
The author states that the company has even seen downfalls in the 90s when it did not license its technology and the shares of the company fell to as low as 2%. However, after a certain period of time, Apple Computers Inc has begun to rise and has made several products so as to bring a revolution in the computer world.
In the long run, success depends on all the employees put together as a team. The numerous rewards for good managers make this position highly attractive in any company. At all costs, managers have to strive for excellence as the market is really competitive, and a bad manager will not stand the test for a long time.
This paper provides an overview of the job scope of both the line managers and human resource managers in contemporary organizations. It also evaluates how the roles of each contribute to the overall organizational effectiveness. In addition, this paper highlights the significance of the role of human resource managers.
The techniques and tools of “Lean” are being used by more and more organizations around the world to improve the quality of their output while simultaneously effecting a reduction in costs. Although the genesis and implementation of these techniques and tools are more biased towards manufacturing concerns.
The paper under analysis describes the problem dealing with the commercial aspect of the event. For an event to be successful, funding is required. Sponsorship is the main source of funding for an event. Before sponsorship, both the event manager and sponsors evaluate the benefits to be derived from the sponsorship.
An acquaintance wanted to purchase a small business but did not have the money to do so. The seller offered to finance the deal at 98%% and stay on to help the business grow. Within six months, the seller didn’t have time to be around much, business fell off, and the purchaser had to give the business back.
Though the debate continued, a need was felt to design the CEO compensation package in such a way that it always aimed at maximizing the shareholders' wealth, which is the ultimate aim of any corporate organization. Experts felt that the package must be designed according to the CEO's individual performance and the extent of the contribution.
A company in the UK may send out expatriates for a particular reason (the reason is determined, at least partially, by the UK origins of the company). This reason may or may not be compatible with the foreign country subsidiary. The abstract of Harzing's paper does not claim is that any arguments or suggestions will be made.
It is necessary that a company’s human resources are properly equipped with the skills and knowledge to function as they are supposed to in attaining the organizational goals and objectives. Human resource training and development, therefore, is a continuous process and can be a source of an organization’s competitive advantage.
As the overall marketing orientation is related to staff motivation, the work standards were bound to improve with more number of satisfied customers. The staff’s esprit de corps is directly related to the success of the organizational behavior[Knights and Willmott, 67]. Thus better business would’ve been a catalyst for better work again.
The author states that the principal activity of Starbucks is to purchase, roast and market whole bean coffees. Motivational strategies, ethic programs, and effective conflict management tools help Starbucks to create positive organizational culture and climate, improve performance and create high-performance teams.
Almost everybody is engaged in one or more projects directly or indirectly in his/her life. Every project involves a set of interrelated activities, which has a definite beginning and end. Since there are many aspects to be looked after for the attainment of project objective, the need for its proper management was seriously felt long back.
ICICI Bank is India's second-largest bank with total assets of Rs. 3,744.10 billion (US$ 77 billion) at December 31, 2008, and profit after tax Rs. 30.14 billion for the nine months ended December 31, 2008. The Bank has a network of 1,420 branches and about 4,644 ATMs in India and presence in 18 countries.
Within this area of research, an increasing body of literature contains the argument that high-performance work practices, including comprehensive employee’s recruitment, selection procedures, and extensive employee’s involvement and training can improve the knowledge, skills, and abilities of firms.
The need to focus on results and to strengthen work performance has increased in recent years. Organizations have goals that can only be met through the achievement of their employees. An effective system of management and system of performance measurement connects the behaviors of individuals and teams with the organization’s goals and strategies.
Former one describes the performance of one business that needs to be filed at company’s house whereas the purpose of management accounts is to coordinate the planning of one business and making decisions about key areas like stock and sales etc. Management accounts provide the necessary guidance to make timely management decisions about a business.
Risk management is very important for every organization aiming for serious long term business and implementation of all the necessary processes, development and maintenance of KPIs and PIs are important to align all hierarchical organization that helps in reducing complexities in the work flow, conflicts in the roles and responsibilities.
This essay analyses the strategy of one of the most well-known brands, Mercedes-Benz, in the context of the rise of interest to the Asian market. The first part of the essay is devoted to the previous direction of the company. The second part analyses current trends in the automotive industry. Next strategic resources of Mercedes Benz are analyzed.
Setting objectives involves a nonstop process of research and decision-making. Knowledge of yourself and your sector is a vital starting point in setting objectives. Setting the right objectives is critical for effective performance management. Such objectives as elevated profits, shareholder value, and customer satisfaction may be commendable.
Wigand (2003) states that generally, classical cases are assumed to be an extreme; for example, for an information management report, majority would agree that a classic example would be where an organization has manual systems deployed, and there is tons of redundancy of data, along with the costly errors associated with data entry.
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, Book Report/Review
In the book under the title Leading Change, Kotter has used the word urgency to describe the first phase so as to get a head start into the very process of transformation. This has definitely to do with taking stock of competitive and market realities with a focus on crises and opportunities. (Kotter, 1996)
The increased competition between rivals in the budget airline industry may lead to price wars which will greatly benefit the customers only. “This is why Ryanair has an advantage over other airlines because their policy of bundling low frills and low prices together means that they are competing for the more price sensitive customer.”
RFID is a recent technology explosion benefiting to conventional industry to automate certain functionalities of Distribution like inventory checking of retail stock, integration of POS information to the Supply chain management etc. But this classic IT tool if not utilized with care, may reflect in losing the interest of the public.
The administration on its part is the corpus of civil servants. This corpus governs the State in the context of a clearly defined hierarchy. There are several forms of government worldwide and understanding Public Administration is of great interest since it reveals the nature of the vast government machinery.
Jet Blue started operations in 1999 following Southwest’s low-cost solution but with value-added in-flight features. After the 9/11 attacks, Jet Blue was one of those few airlines that managed to remain profitable. Banking on the success of initial years, Jet Blue expanded its services, destinations, and airplanes to provide its travelers with more traveling options at a low cost.
An organization is consisting of numerous individuals with diverse objectives. Thus, the major function of a manager is manpower development or accumulating these individuals into a productive workforce which will attain the firm's goals. This function can simply be accomplished by procuring the collaboration of the individuals in the workforce and synchronizing their efforts.
Performance Management can be precisely defined as the approach of organisations towards accomplishing the organisational objectives in effectively and smoothly manner. The approach of performance management is concentrated towards affirming the efficiency of several areas of the business which might include the performance of departments or employees or the entire organisation.
It is in the interest of all businesses to adopt a culture of learning. In this way, all employees work together in a learning environment for the improvement of the company. This furthermore leads to a greater sense of work satisfaction, as each member of the organization makes a contribution to the company as a whole.
Equality protects people from minority groups against discrimination based on sex, race, disability, sexual orientation, age, or religion or belief. Diversity is derived from a management term “managing diversity.” It describes management practices wherein valuing the diversity of each individual employee to maximize quality output is its aim.
The enhancement program was adopted and implemented in the Internal Revenue Service which is a public sector agency. The agency has implemented 'the principles of Total Quality Management', in this regard, 'the Richmond District enhanced the program that was conducted in other offices by using the Myers-Briggs Type Indicator and'.
Internal control is a set of process devised to ensure an organization’s proper functioning. It encompasses all basic management process of planning, executing and monitoring of organizational operations. Internal control is geared to the achievement of a separate but interrelated series of general objectives.
PERT and CPM are used when the activities are multivariate, intricate, and heavy industries where the activities are numerous and risks factors high, It is a brainchild of strategic military usage but is now being extensively used in nuclear installations, missile launching, and other high technological areas.