Essays on Inefficiency

Introduction

Regulation remains one of the fundamental functions of a state. The social theory faces a major challenge in explaining the government intervention in any market. Economic regulations refer to any form of tax, subsidies or administrative control by the government over the economic activities in a country’s setting. The two dominant theory advanced to explains economic regulation are the public interest theory and the economic group interest theory otherwise referred to as the capture theory. While the former theory has its roots in the political scientists, the latter owes to the work of economists. The essay aims at ...

Introduction

The maritime industry is an important portal to business, transport and communication as it connects the land through the seas and water (Kim, 2001, pg 95). There are a number of industries that depend entirely on the maritime industry since transport on water provides maximum efficiency on bulk cargo. It is the reason that the maritime industry has to be structured so as to deliver goods in time, in bulk and in the safest way and conditions possible. There are strategies laid down that affect the supply chain in the maritime industry. The strategies are to ensure that water ...

THE FINANCE FUNCTION

Overview of key tasks of the finance function The finance function has the overall duty of managing the organization’s finances in order to achieve the organization’s goals. The finance function is responsible for working capital management that involves the management of cash, receivables, inventory and accounts payable. The finance function ensures that the organization maintains a desirable level of working capital. It is also in charge of identifying viable investments that can increase the organization’s value. In addition, the finance function allocates the organization’s resources to various departments or products depending on their needs as ...

Management and Leadership

Part 1: Theory and reviewSection 1: Introduction There are two major views regarding contemporary management and leadership. The first is the personality perspective. In this perspective, the major influence of the leader is shaped by his power to influence other individuals towards achieving some goals. Therefore, the leader uses special traits that serve as bait and amalgamation for these individuals to work towards some common objectives. The other view is the behavioral aspect. In this case, the leader selects some tools that are directive, participative, and achievement oriented. The basis for selecting these tools is the needs of ...

ABSTRACT

The aim of the current research was to examine the impact of the wider view of CSR on operations management of any the organization. The aim was divided into four objectives i.e. This research was based on secondary analysis. The researcher collected secondary data from internet and peer-reviewed journals to achieve the research objectives. The researcher made the following conclusion from this research. Decision-making is the core responsibility of managers. Operations managers need ensure that business decisions do not affect the society negatively. The business should not make profits at the cost of the environment. The manager should ...

Introduction

This chapter gives an analysis of the results of the study to derive insights on why insider threats remains to be one of the leading and challenging security issues to deal with. The results of the study present a vague picture of what motivates insider threats in private organizations. The questions of why, what and how will be answered with references to the data obtained from the study. This section also demonstrates the actions taken by organizations and tries to link it with theoretical frameworks and pool of knowledge developed by earlier scholars.

Analysis

The belief that insider threats ...

ABSTRACT

With the growth in computer networks that are used in organizations, there is a need to have a way in which networks are managed and monitored. This phenomenon is taking shape as more and more companies develop new applications to sustain their networks. There different types of traffic that are found to be traversing computer networks need to be monitored. SNMP management console is one of Network Instruments application that brings cross-platform SNMP standards to the Observer. Network administrators and consultants will find SNMP management tools important in the monitoring, diagnosis and repair of networks. Network monitoring helps in having continued ...

1. Critically evaluate the following suggestion: “If the price elasticity of demand for food is low, therefore if you own a restaurant, you can charge higher price to increase revenue”.

Consumers’ sensitivity to price is known as the price elasticity of demand. Simply put, it measures the degree of responsiveness of consumers to a given change in price. A good with an elastic demand will have a value greater than 1 and will experience that people are very sensitive to a given change in price. Products with an inelastic demand will find that even if price increases by a small amount, the quantity ...

Introduction

Today, contemporary organizations emphasize upon building and maintaining strong relationships not only in the consumer markets but also business markets. Cooperative strategies such as strategic alliances and joint ventures are gaining immense significance in order to achieve sustainable growth and success in the competitive ad uncertain global environment. Business-level and cooperate level cooperative strategies are aimed at achieving short term or strategic objectives of the organization.

Samsung has entered into several successful strategic alliances to gain sustainable competitive advantage and strengthen its market position. Samsung has assessed its core ...

THE MODERNTECH CORPORATION

Dear Mr. Foster,

The Moderntech Corporation appreciates you as one of our most loyal and consistent customers. Your devotion to the products of this company is quite inspiring to all staff members of the corporation. We have received a complaint from you about the $1000 piece of equipment that broke and your request to cash in on your warranty privileges. I am very sad to inform you that you will not be able to cash in on your warranty privileges in this particular occasion.

The main reason for this decision is the fact that our warranty offers have an expiry ...

Effective communication is overly important in the operation theatre. It is one of the ideal ways of ensuring that the operation theatre is operating efficiently. However, this has emerged to be a challenging task with the vastly changing healthcare system and the heightened complexities in patient care. Rather than having one individual conduct a surgery, modern healthcare requires that the joint efforts of the healthcare professionals in the operation theatre take play. Given this, communication is primal to coordinate the teamwork efforts. Healthcare professionals find this to be a challenge, and hence, leading to unintended morbidity (Weller et al., 2014). Research shows ...

Question 1

At will employment is an American law which allows the termination of the employer-employee relationship without any liability thereafter. It should be protected because of various reasons. It gives the employee is freedom to strike, quite or cease working at any time without following any procedures. This makes the life of the employee very interesting in the work place for they are free to act according to their will. The employee is protected against being forced to act contrary to public policy. Employer cannot sue the employee for refusing to do what they consider to be immoral. The employee ...

How will health care reform impact the small, medium, and large employer’s organization?

Major challenges to managing the enrollment information on a managed care plan.

An inefficient database system. This poses the major challenge for all organizations as the database system used influences the nature of information to be processed. The information system in place is a crucial factor that influences the nature and availability of information regarding to the health care enrollment information. Due to this challenge, the state of Illinois has developed various systems to help to store the data in regard to the particular patient. They include integrated care program and primary care case management program. Information backup systems. It is a ...

The government has the responsibility of ensuring that there is a competitive and conducive environment for all business. This will not only promote equality and optimal productivity among firms but also protect the welfare of consumers. The government should ensure that the pricing of products is checked, the product quality raised and competition among firms improved.

Industrial regulation is the government’s effort to control prices of industrial products either indirectly or directly. This is done mainly on industries producing utilities such as electricity. Industrial regulation exists to prevent price fluctuations in the industry, stabilize the prices. The government can ...

The overall goal of a democratic government is to ensure that the greatest number of people within said democracy are represented - that their desires and needs are met to their satisfaction. As such, the idea of a 'majority rule' is thought to be the defining component of the concept of a democracy1. According to Follesdal, "The contractualist case for majoritarian mechanisms in general is that such mechanisms secure the relevant interests of affected parties from standard harms to an acceptable extent"2. However, does the concept of 'majority rule' really function to serve the best interests in a democratic ...

Re-engineering Malaysian Airlines (MAS): Who Can Save the Company

1. The business operations of an organisation play a significant role in supporting the new leader and a new strategy. The functional organisations are facing remarkable modifications and challenges. As a matter of fact the businesses are becoming increasingly concerned about the capabilities and the skills and are demanding that the leaders associated with the functions come forward and play their strategic role in this regard (Kouzes and Posner, 2012). Because of the less stability of the business environments and fierce competition in the majority of markets, the focus on flexibility and the skillfulness is increasing, because of which the focus on ...

Introduction

Animal cloning has been one of the most controversial, yet promising technology in the modern times. It became one of the aspects of the development of technology, industry and economics among many developed countries. Animal cloning is a process of reproducing DNA fragments or organisms itself from the copies of DNA of the cloned animal (Surhan 24). Animal cloning technology started from reproducing bacterial, plants and insect cells. It became very controversial when they started cloning large animals such as goat, dog and cows. In the modern times, animal cloning has been useful in producing farm animals as livestock (Smith ...

Introduction

There are various techniques that are applied to capture energy from the sun for various uses [4]. One of these techniques is by constructing infrastructure that basically allows more sunlight to penetrate buildings for purposes of lighting and in some cases, heating. The second strategy that can be used to capture energy from the sun is by using solar panels: Solar panels are manufactured using photovoltaic cells. Photovoltaic cells have the capacity to capture energy from the visible light spectrum emitted by the sun. Photovoltaic cells are manufactured using semi-conductors, specifically silicon. Approximately 90% of solar panels in the ...

Lean Processing

Lean processing is a manufacturing technique that integrates various tactical methods with an emphasis on eliminating wastage in the production while delivering quality products on time, low cost and at a greater efficiency. This process ensures all this by concentrating on wastage that originates from overburdening as well as in unevenness in workloads. Lean manufacturing was derived from a Japanese manufacturing industry and went on to be applied in Toyota Company. The main four goals and strategies of the lean manufacturing process includes improving quality of products, eliminating wastes, reducing time and reducing total costs. In order for an organization to survive ...

The recent shift in the healthcare system, which implied the reduction of the specialized facilities in dealing with mentally disabled patients, has increased the incidents numbers that police forces to handle. This situation has led to the need for understanding the preparedness of the police officers to answer the deviant behavior of mentally disordered individuals involved in public offenses or criminal action. Four articles will be reviewed for developing an integrative literature review on this topic, which will be critically synthesized for reaching solutions for dealing with the current situation. Hollander, Lee, Tahtalian Young and Kulkarni’s article “Challenges ...

About the paper

In the words of eminent economist, A.A. Cournot, ‘’ The term market structure refers to the nature and degree of competition in the market for goods and services’’, and this paper is commissioned to discuss various forms of market structure, Perfectly Competitive, Monopoly, Monopolistic and Oligopoly, and how their varied characteristics affect the life of an average consumer and the society as a whole.

Perfectly Competitive Market

In the words of A. Koutsoyiannis’’ Perfect competition is a market structure characterised by a complete absence of rivalry among the individual firms.”

Below discussed in detail are the multiple characteristics of perfectly competitive market:

i) Number and nature of sellers A perfectly competitive market structure is characterized by large number ...

BMAL 504-B07

Organizational Description Teen Challenge New England and New Jersey, Inc. is a registered 501(c)(3) charitable non-profit organization. They provide youth, adults, and families with an effective and comprehensive Christian faith-based solution to drug, alcohol, and other life-controlling problems in order to become productive members of society. Their program is long-term and residential. They are privately supported and depend on the faithfulness of individuals, churches, businesses, and foundations. Their corporate headquarters are located in Brockton, Massachusetts and they have eight campuses located throughout New England and New Jersey. According to a recent audit, over 80% of all revenue is ...

Abstract

The paper dwells on general equilibrium theory by putting into perspective various critical issues. The origin of the concept of general equilibrium theory is illuminated dating back to neoclassical period. Moreover, various models such as Walras model of pricing and modern equilibrium model is also put into consideration. Finally, the importance and application of general equilibrium has also been discussed at length. General equilibrium theory refers to a concept modeled around theoretical economics. The modern general equilibrium takes into consideration three important interpretations which should be taken into consideration. The idea of general equilibrium theory cannot be complete when there ...

The Heart of Darkness by Joseph Conrad is a fictional novel with the sturdiest statements on imperialism. Though it has other significant themes, the emphasis focusing on imperialism can be easily noticed by the readers. Conrad wrote a letter to William Blackwood, his publisher, stressing how imperialism affected Africans. The narrative is clear and it sheds light on the criminality of incompetence and the high degree of selfishness in Africa civilization claiming its justification. Conrad declares his thoughts in a way that appears simple but in the reality, it is not. The aim of this paper is to discuss Conrad's criticism of ...

The development of Russia had many historical turning points. These changes were mainly connected with such political figures as Lenin, Stalin, Khrushchev, Brezhnev, Gorbachev, Yeltsin, and Putin. The Soviet economy depended on mostly political decisions but not economic programs. Although the basic economic system in Stalin, Khrushchev, Brezhnev eras remained unchanged, there were some peculiarities in these periods. The effect of Stalin’s policy had a profound impact on people and the state. In 1928, the Communists instituted the first Five-Year Plan. It dealt with such aspects of development as an industry, consumer goods, agriculture, transportation, communications, health, education, and ...

Answer 1

Imposing a heavy tax on e-cigarettes is not a good idea. This is due to the fact that it leads to tax inefficiency. Taxing the e-cigarettes at a higher rate than the other alternative small businesses in the same field will lead to loss of equity in the tax system, hence the tax inefficiency. This taxation will result to a deadweight loss that will cause the demand of cigarettes to lower and also raise the price. Similarly, the consumers and the producer's surplus will be reduced. The consumers will shift to other alternative products hence reduce the demand of the cigarettes. This is ...

Management finance

Part A:

According to the case, Charles Ltd. Department, because of the implementation of the new budget system is faced with the increased workload. This is because the system is effective, the department's power to enact budget Charles Co. said their goal is to estimate and predict facts (Fabozzi and Peterson Drake, 2009, pp.15-25). These must be analyzed by the selected company's management to ensure that they can achieve a reasonable and reflect reliable data. This concept would increase work that was previously absent in the departments. In many cases, this requires expert who is an estimate of the ...

Introduction

Businesses always have a single mantra in their minds which is to increase the productivity with effective services and courses of action (Michaels, 2012). Businesses are on the mercy of decision making stance, and such decisions can be extremely worthwhile for their long term benefits and effectiveness. Apart from the financial prosperity, there are certain courses of actions that specifically associated with the enhancement of strategic values of the entity. Employees and the management are two important types of organization, and no organization can get effectiveness without managing them in an effective manner. It is extremely important for the organizations ...

INTRODUCTION

The purpose of this research is to compare of the two societies of Spain and Norway. The comparison will be based on social and cultural aspects of the two countries. This research is based on a critical review of the existing literature on the subject. Secondary literature is utilised in an effort to fully describe all potential similarities and dissimilarities between the two societies. The countries of Norway and Spain are both located in the continent of Europe. They have been chosen for comparison based on the assumption that the distance separating them reflects the distance in cultural, political, ...

Abstract Page

According to the core definition of Hyper Efficiency, is all about being efficient than the normal terms of an organization. It is one of the most important operational strategies and aspect that relates to an organization as far as brining economic efficiency is concerned. The entire analysis depends upon the four examples of cost efficiency which has been applied over the Ford Motor Company. The entire analysis and application of these hyper efficient behavior shows that the productivity and level of efficacy of the company will certainly increase the level of efficacy in a positive manner. Operational assets, mitigation cost, ...

Abstract

Being healthy is the most important part of maintaining a healthier lifestyle. However, it is difficult to maintain good health without efforts and dedication of resources. The US government understands the importance of health and tries to implement a health care system that is beneficial for all. However, the US Health care system is under constant criticism for being uneven and inefficient. The following paper is a discussion of quality of US Health care and a brief evaluation of its short comings in comparison to other health care systems of the world. Keywords: health, medicine, health care, medical costs, life span

Introduction

Healthy people ...

Business Problems and Solutions

Introduction Problems are brought about as a result of inefficiency is performing a certain task. The outcome of a business problem usually generates a loss and a negative perception on the market. On the other, a solution is often an answer to the problem that has been brought about by the inefficiency in performing. Therefore, this paper attempts to demonstrate in detail on two major problems that are said to be affecting Starbuck, and yet it is one of the big firms on the market that makes huge profits (Simon, 2011, 37). In addition to the problems, solutions are proposed as ways that can ...

Introduction

Transport for London (TFL) is a transportation agency created by the government in 2000 to manage the public transportation system. TFL is responsible for managing the London underground system, Docklands Light Railways (DLR), Tramlink, peripheral heavy rail, ticketing services, taxicab services, taxes, and road safety. As per the government ruling in the 1990s, in order to increase competition, private players were allowed an entry into the transportation market. 100% of the London underground, Tramlink and DLR are owned and operated by TFL, but London road transport consisting of bus and taxicab services is mostly contracted out to many national and ...

Having heard about the dependence of potatoes in Ireland and its aftermath, it is obvious that it parallel the events of the early twenty-first century and our dependence on computer technology. Just like the dependence on potatoes by the Irish was later stopped by the emergence of the serious bloat disease. The disease forced them to migrate. The dependence on transistors and integrated circuits(IC) was also affected by sudden inefficiency. The inefficiency was due to the weakness of such electronic devices which could not permit them to handle the vast amount of jobs within the require time. It ...

Introduction

Inevitably, the topic of economics is the most astounding and effective one for the economies, as the main crux of an economy and economic factors are always be effective for their future growth and effectiveness. Economics is a core subject that associated with almost every walk of life, and it can be used for different purpose all over the world. Economics is a subject that specifically associated with the earning and consuming the money accordingly and effectively at the same time. The two broad types of economics, on which the entire broad definition and outlook would be depending, are effective for ...

Herding: An Introduction

While psychologist call it as Herd behavior, the financial pundits go with the word ‘’ Herding’’. Herding is a behavior trait found in an individual where his investment decisions are decided by the majority. In other words, it refers to instances when the individuals gravitate towards same or similar investment based solely on the fact that the majority of the investors are doing so. Important to note, since decades, financial pundits has claimed that such action of investors where they enter into herding environment, leads to inefficiency of the financial markets by causing large or unsubstantiated sell-offs which have no fundamental ...

About the report:

In this report, we will analyze the financial performance of Double Ace Industries using the tools of ratio analysis where along with calculating six ratios under varied sections, we will also compare the results with the industrial average. Each ratio calculation will also be followed by an in-depth analysis about ongoing financial situation and with appropriate recommendations, if required. We are sure that by the end of this report we will be having a sound knowledge about the financial position of the company over the year and how its performance is comparable to the industrial average.

Ratio Analysis

i) Quick Ratio Formula: ( ...

Introduction

Nursing practice is a phenomenon that has had significant growth in the past three decades. This growth is of essential significance to the healthcare development and growth of the nursing profession. The nursing profession is of great significance towards achievement of the millennium development goals; it is, therefore, important to note and analyze the systematic significance of the development in this sector. This paper seeks to hypothesize on a research study that was done in the period between 1970’s and 1980’s. It shows the data on how the nursing profession has had significant development over the years.

Identify and Describe the Problem

Advancement in ...

Abstract

This paper shed light to the main argument and models provided by Michael Toman on his research to determine how environment and natural resource affects the economic growth. Therefore, the paper highlights the problem that the author attempt to solve, and the methodology used. In conclusion, the paper focus on the social science citations that aims to deepen the argument. The article provides an insight of the relationship between the environment and natural resources and the economic growth. When the modern theories of economic growth were being developed in 1950s and 1960s, the natural resources and environment were ...

A). Why is it important for the market to establish an equilibrium price for a product or service?

The market finds it necessary to come up with an equilibrium price given that this is the point where goods can be allocated in the most efficient manner. This is because it is assumed that when the prices are at equilibrium the market does not experience either a surplus or a shortage. As such, this economic condition is deemed to be satisfactory by all the firms and individuals since at equilibrium price, whatever goods are being supplied is equal to the level of demand in the market (Black, 2013, p. 26). (B). what is the benefit to the company of ...

Abstract

This research sought to understand how operation management, total quality management and information management lead to effectiveness and efficiency in the process of offering a service. In order to understand dynamics in the process of the human resource, it is important to obtain information regarding the process of offering a service in a given organization. The intent of this research is to determine the processes at Bus Cleaning Club Company. Through the analysis of data, the research intends to determine whether the company is experiencing any operational problems. This was determined by identifying the processes that are used in the company and ...

U.S. Farm Bill and The Dairy Industry For over eight decades American taxpayers have been subsidizing farmers through a series of complex programs, in the U.S Farm Bill (Snap to Health, par. 3). In 1933, during the Great Depression, Franklin D. Roosevelt passed a bill that supported farmers who suffered from a surplus of harvests and from the drought effects of the Dust Bowl Till this day, the Farm Bill has consistently remained an active part of the agenda of the United States government. Based on research it seems that there are arguments for both sides, i.e. the one who are ...

Information has been the business driver in today’s dynamic environment. However, not all information is useful to every business process. The way information is gathered, processed, disseminated and disposed determines the business’ degree of competitiveness. In today’s information rich age, business value is generated by innovative business processes capable of sensing and responding to changes in the environment, processing passive information from disparate sources and making it actionable. Currently, information management challenges have arisen from two sources, large volumes of information at the company’s disposal and years of decentralized IT management. Organizations are realizing that ...

I would like to acknowledge the following persons and organization who did my research to be successful. They worked tirelessly with me to ensure that this research was successful. - The university management which provided the resources that I needed in the research. - My very able lecturers who assisted me during the research period and guided me on how I should go about it. - The librarian and all the workers that work in the library who always ensured I could get the books I needed for my research. - The people who proof ...

PREVENTION OF ABSENTEEISM, PRESENTEEISM AND TURNOVERS

Abstract Any business enterprise that fails to introduce strong organizational policies and strategies is bound to face problems. Problems such as employee absenteeism, presenteeism and turnover are some of the problems that these enterprises face. If left unattended, these problems can cause inefficiency, and monetary damage. The consequences of these actions are multifold as they can destroy the image of those organizations and lead to its ultimate downfall. Keywords: absenteeism, presenteeism, turnover, lackadaisical, revolt, motivation Absenteeism at work is failing to report for work. It is considered a violation of a social obligation toward work at a predetermined and predefined ...

Report: Recommendation for Adoption of Lean Sigma 6 Technology

Vodafone Group Plc.Vodafone HouseNewbury, BerkshireRG14 2FNEngland Dear Sir, I am pleased to present a report on adoption of Lean Six Sigma by the company pursuant to the study that showed necessity of such a system. The report is prepared pursuant to the company’s articles of association and goals to be the leader in technology and adoption of efficiency systems. This includes the efficiency and saving systems that will enhance the efficiency of the organization in the ever-competitive environment. The report also includes the reasons why it is the best system for the company and how it ...

The VCR

Introduction People are generally image conscious and they try to adopt the new technologies, fads and the trends of the society to associate themselves with a desired class of people. With the introduction of DVD in the consumer market during the beginning of the new millennium, people were inclined to adopt this technology to depict their tech-savvy and cool image, which in turns proved to be the beginning of VCR’s death. Videocassette Recorder (VCR), which was once the most favorite gadget amongst the consumers, is now no more relevant in the current technological context. A general belief is ...

At the end of World War II, the world was awakened to a pressing need to build and strengthen institutions that would manage issues that led to the war and the economic turmoil that followed. But what are these ‘institutions’ and why do they matter? Institutions have been defined within a wide spectrum in the international relations literature; to date there is no widely-agreed upon definition. The concept is sometimes defined broadly to encompass all of the diverse international relations, often leaving the learner with little analytical bite. Towards one end is the notion of institutions as establishing the ‘rules ...

Introduction

Disease Process Nursing Evidence based Practice Nursing Care Plan Conclusion Introduction Congestive Heart Failure is also known as heart failure. This happens when the heart becomes incapable of pumping blood efficiently to all organs in the body. Diagnosis is through physical examination. Patients often manifest with shortness of breath upon exertion and swelling in the both legs. Confirmation of the diagnosis is through echocardiographic evaluation. On many occasion congestive cardiac failure could be secondary to hypertension, type 11 diabetes or kidney disease (Goldman, 2011). Essentially, the significance of heart failure relates to ischemic ...

Introduction

The Australian construction industry has been for the past few years encountered many challenges starting from the economic restrictions construction industry. Many construction companies that aim at flourishing in this industry have claimed to encounter a similar problem through inefficiency. Inefficiency has been noted in all areas of the company’s activities that vary from inefficiency in business processes, supply chain, communication channels. All these forms of inefficiency incur huge costs on the Australian construction companies. Achieving efficiency remains one of the major goals of the Australian companies in that the most efficient companies receive huge benefits. Efficiency within a company ...

Following the American Psychological Association’s Guidelines

Recessions and Recovery Strategies Economies are alive organizations which sometimes gets problems similar to our bodies. As we grow up and develop, we catch some sicknesses and similar to us, economies also grows up and sometimes they face some crisis and recessions. During recessions, consumption level and income level of people decreases and economy slows down. In a slow economy, investors do not prefer to make new investments and even during a severe recession, they might stop their all investments in the economy. As we know, economies have a cycle and when it slows down all parts in the economy slows ...

Introduction to Income Inequality

Income inequality is one of the fundamental economic problem with social and economic consequences. Income inequality might influence many areas in social life and individual lives such as politics, social changes, psychology, criminology and public health (Adler et. al., 1993; . When individuals do not have equality in opportunities of accessing labor market, health and education services, businesses environment, and other important areas in social life will influence individuals' lives and create social classes with different settings (Benhabib and Rustiching, 1991): Some people will be able to have access all the opportunities in the social life and they will ...

[Author’s name]

Bad Management As a Result Of Poor Leadership Skills

Introduction Management is at least as much of an art as it is of a science. For that reason one should not be surprised when people without formal business education develop themselves into great manager, while straight-A business schools alumni fail to achieve any decent results in non-artificial environment. Efficient communication, control over emotions, quick and rational decision-making, expertise in particular fields are, among other things, the important qualities a successful manager should possess – none of them appears to be fully acquirable through institutionalized education. Development as a manager is a constant, lifetime learning process – improvement may come ...

Business Financial Problems:

Executive Summary _________________________ 3 Brief History _________________________ 5 Statement of the problem _________________________ 6 Conclusion _________________________ 15

Works Cited _________________________ 17

Executive Summary Capital budgeting is one of the key functions that a business needs to underatake in order to establish effective and efficient ways of allocating its funds in various investments and projects. In that respect, businesses apply some basic methods of evaluating their prospective projects with IRR, Payback period and NPV forming the most widely applied methods. However, the evolving world of business is increasingly demanding a consideration of other factors beyond the conomic factor which is the key ...

Introduction

The lean approach is developed in Toyota production plants which aims at eliminating wastes in the production according to the needs of the final consumer. This way production can be less costly by using less resources. This Japanese way of production attracts many institutions and they would like to employ this approach to their business. Furthermore, even the public institutions are interested in the Lean Approach.

A manager follows lean approach which brings the followings basically into organizations:

- Determining the value desired by the beneficiaries of a public service, - Identifying the value line for each public good and service, - Guaranteing a continuous flow of public goods and services, ...

Quality Management and Performance Improvement: A brief and concise summary of the health care quality challenges as discussed by the authors. “Crossing the Quality Chasm: A New Health System for the 21st Century,” is a report primed in the year 2001. It was prepared by a team of professionals drawn from various professions within the health care sector. The team of professionals comprised of clinical officers, hospital administrators, managers, doctors, nurses, lab technicians, and surgeons to mention but a few. The main objective of this task force was to evaluate and analyse the state of health care in the United States. ...

The implication of the web for the future of the business

It is very surprising and difficult to imagine how a business can run and survive in the competition arena without the use of web, especially in the 21st century. The use of web in the business field has transformed many aspects of the business and especially communication. This is because the use of internet has assisted to reduce the time applied to transmit information over short distance and long distances. Not just a website that is required to enhance business, but graphic design skills and extensive programing are needed for a successful website. Therefore, it is very important for Bartlett Controls (BC) ...

Organization is a unity that some people create to reach their objectives, however, the founders of organization cannot control everything. There are some stakeholders who affect organization or get affected by organization. Organization and its stakeholders live in an environment. In this environment, organization has three dimensions: 1) Contextual dimension, 2) System design dimension, and 3) Effectiveness dimension. Organization should take these dimensions into consideration during its planning process (McLarney 2003, p.423). There are two main approaches of managing organization: planned and emergent approaches. Both analytical/planned and emergent approaches have pros and cons. Organization has some resources and uses ...

<Name> <Subject> <Professor> Based on your reading of the Wilson article and "The Blast in Centralia No.5", how would you justify the need for and importance of a strong and effective public administrative system in society? It is essential for society to benefit from a robust system of public administration in order for lawful authorities to gain the ability to implement laws that regulate various concerns. James Wilson has consistently argued that bureaucracies, in general face failures due to the inefficiency of carrying out rules. A simple example Wilson cited concerns two scenarios – one that ...

The Washington Post’s investigation on Top Secret America contrasts sharply with the general information derived from the previous studies on the American Intelligence Community. The Post posits a situation of unaccountability, inefficiency, lack of transparency. Consequently it opens a Pandora’s Box on the discourse on the efficacy and sustainability of the American Intelligence Community. However, in some few exceptions, the report appears to concur with the position as gathered from previous studies on the Intelligence Community. This paper shall briefly run a comparison and contrast of the Post’s report and previous studies on the Intelligence Community and express some ...