Namibia Regional Economics: FIN-111 Assignment 1 Question 1 a) Opportunity and sunk cost Opportunity cost is the value of the next best alternative that must be sacrificed when you make a choice and it applies everywhere. For Example: If a person chooses to use vacation time to travel rather than to do renovations on the house. Thus‚ the opportunity cost of the tour could be said to be the forgone home renovations. Sunk costs are costs that were incurred in the past and
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Mu Sigma Organization Design Final report submission Forfulfilment of the course on ManagingOrganizations by Group 4 August 2014 Table of Contents A. Mu Sigma 3 1. Company Overview 3 1.1 Location 3 1.2 Industry 3 1.3 Products & Services 4 1.4 Market 6 1.5 Technology Sector 6 2. Structure of the Organization 6 2.1 Structural Dimension 6 2.2 Contextual Dimension 7 2.3 Mintzberg’s Organizational Framework 8 2.4 Functional Classification 8 3. Reporting Relationships 9 3.1
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Organizational analysis approach Enables the behaviour of people in organizations to be examined from different view points which are characterised by conflicting and competing assumptions and interests The way we analyse is influenced by the way we understand organizations: There are a number of different types of metaphors that are used to understand the complex nature of organizations. As participants (either as employees or managers) we need to be careful not to depend solely on one particular
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Palmisano He began his career with IBM in 1973 as a salesman in Baltimore Maryland‚ Since then‚ Palmisano has held a series of leadership positions during his IBM career‚ including senior vice president for the Enterprise Systems and Personal Systems groups. Mr. Palmisano also played a key role in creating and leading IBM’s Global Services‚ rising to senior vice president‚ and building the largest and most diversified information technology services organization in the industry. He also served as
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Sales of products Sponsorships | | Question №1 Business model canvas for H&M Enabling promises Making promises Keeping promises Question №2 From the figure above we can see that the Organization makes promises to their customers. As well as organization does it‚ it also enables promises to Service Provider. And finally Service provider has to keep that promises to customers. Applying to H&M. H&M as an organization makes promises to their customers to deliver fashionable
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July 13 2013 Every organization‚ to be effective‚ must have a structure. An organization structure is the setup that determines the hierarchy and reporting structure in an organization. It is often represented by a drawing known as an organizational chart. There are different types of organizational structures that companies follow‚ depending on a variety of factors like leadership style‚ type of organization‚ geographical regions‚ work flow and hierarchy. Organizations may choose from a number
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Simon PHILIPPON‚ Ugo SCHURIG REVIEW OF “STRUCTURE IN 5’S : A SYNTHESIS OF THE RESEARCH ON ORGANIZATION DESIGN” In his book‚ Mintzberg talks about the different elements of the organizational structure. He shows 5 main and basic configurations: Simple structure‚ Machine Bureaucracy‚ Professional Bureaucracy‚ divisionalized Form and adhocracy. He also tells us that these include 5 basic parts of the organization (the operating core‚ strategy apex‚ middle line‚ techno‚ and supporting staff)
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Understanding the Basic Types of Organizations this assignment‚ you will submit a three- to five-page paper that summarizes the main points in Chapter 1‚ organized by Mintzberg’s typology of firms and using cited (APA standards) passages from the assigned readings and cited selections from the Unit 1 courseroom. People don’t like the same things; they have different point of views‚ thoughts‚ and perform in different ways. A combination of a person’s background‚ nationality and how they’ve
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short-term credit being utilized by the business. Practically all enterprises use the short-term credit as sources of finance. We find in the balance sheets of almost all the companies some kinds of current liabilities which are the indicator of the uses of short term finance in business. It has been found in the developed countries especially in USA that even the largest business establishment makes use of short term finance. The size of business has an important bearing on the use of
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Business Model of Nike Introduction Nike Inc. was founded in 1962 by Bill Bowerman and Phil Knight as a partnership under the name‚ Blue Ribbon Sports. Nike’s main products are sports shoes‚ sportswear‚ sports goods. In this paper‚ we will talk about ‘The Challenge of Entrepreneurship’ ‘Competitive Business Model’ ‘Solid Strategic Plan’ ‘Feasibility Analysis’ and ‘Business Plan’. All of these topics are very important when we study the ‘EOE and SBM’‚ and in each topic have more than one point.
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