2278-5671 ERP: AN EFFECTIVE RESOURCE UTILIZATION TOOL FOR ORGANIZATION Prof. Amar R. Mudiraj * ABOUT THE AUTHOR * PROF. AMAR R. MUDIRAJ; ASSISTANT PROFESSOR‚ MARATHWADA INSTITUTE OF TECHNOLOGY‚ AURANGABAD (MH) ABSTRACT In today’s era of fast growing organization‚ every organization is facing the problem of resource utilization‚ is one of the most difficult and challenging job for the organization. An organization needs an automatic tool for the resource utilization activities. ERP is one
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Some issues for discussion: 1. How can one connect Anita Roddick and entrepreneurship? Her personal qualities match with the ones that are often said to be the most imported characteristics of an entrepreneur. She is creative and she is really driven. Entrepreneurship is not about what is done but how its done. And she uses her possessed skills to max at all time in her company to make the best of it. I.e. in the start up phase of body shop she lacked money to buy in more bottles‚ so she began
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Business Financing and the Capital Structure Explain the process of financial planning used to estimate asset investment requirements for a corporation. Explain the concept of working capital management. Identify and briefly describe several financial instruments that are used as marketable securities to park excess cash. As a business owner‚ it is important to know the value of your assets as they can be used as leverage for obtaining loans and can be used to estimate your ability to repay your
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Introduction In general the economy tends to experience different trends. These trends can be grouped as the business/trade cycle and may contain a boom‚ recession‚ depression and recovery. A business/trade cycle (see figure 1) is the periodic but irregular up-and-down movements in economic activity‚ measured by fluctuations in real Gross Domestic Product (GDP) and other macroeconomic variables. Samuelson and Nordhaus (1998)‚ defined it as ‘a swing in total national input‚ income and employment
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Cited: Statistics Canada. “Economy inputs and outputs” March 2009. 5 May 2011 Canadian Business. “Outlook 2007: Canada‚ by Province. January 2007”. 5 May 2011< http://www.canadianbusiness.com/article/14236--outlook-2007-canada-by-province> Index Mundi. “Canada Public Debt” June 2010. 5 May 2011< http://www.indexmundi.com/canada/public_debt
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STAGES OF A BUSINESS CYCLE RECESSION A recession—also sometimes referred to as a trough—is a period of reduced economic activity in which levels of buying‚ selling‚ production‚ and employment typically diminish. This is the most unwelcome stage of the business cycle for business owners and consumers alike. A particularly severe recession is known as a depression. RECOVERY Also known as an upturn‚ the recovery stage of the business cycle is the point at which the economy "troughs" out and starts
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How to Calculate External Financing By an eHow Contributor Calculating the amount of financing required is one of the greatest challenges that corporate managers face. Capital markets are extremely complex‚ and it can be difficult to determine how much‚ if any‚ external financing to raise. The amount of external financing your company needs will depend upon the operating budget for your business as well as the company’s current capital resources. Determining how much external financing to raise
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Business Studies Revision Unit 1- Planning and financing a Business Section 1- Starting a Business Topic 1- Choosing the right legal Structure All Businesses fall under either the private sector or the public sector Within the private sector this would include sole trader and a partnership Within the public sector this would include PLC and LTD Private Sector Sole Trader This is a business run by a business owner (entrepreneur) Sole trader business is unincorporated (business and owner
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Company Background LYL Development Corporation is engaged in general construction‚ and other allied business including the constructing‚ enlarging‚ repairing‚ removing‚ developing‚ or otherwise engaging in any work upon buildings‚ roads‚ highways‚ manufacturing plants‚ bridges‚ airfields‚ piers‚ docks‚ mines‚ shafts‚ waterworks‚ railroads‚ railway structures‚ all iron steel‚ wood masonry‚ and earth construction‚ and to make bid and take any contracts or assignment of contracts and to manufacture
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which can be influenced by internal and external factors. The managers can use the two cycles for changing or maximizing the task-relevant performance readiness of their followers: the developmental cycle and the regressive cycle. The regressive cycle can be defined as the declining level of performance readiness of individuals and groups. It involves an intervention that leaders need to make an individual or a group is becoming less effective. Leaders can recognize a regressive cycle by the
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