Coolant and cutting fluid management Contamination of coolants and loss of cutting fluid through chip waste is one of the most time consuming and costly situations for a company. That is where fluid management comes into play. There are many ways to fight contamination and fluid loss. Loss of cutting fluid and coolants through chip waste can be solved with a briquetter. A briquetter is a machine that compresses your chips and turnings into a briquette squeezing out ninety percent of your expensive
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I. Operational Effectiveness Is Not Strategy According to Porter‚ various management tools like total quality management‚ benchmarking‚ time-based competition‚ outsourcing‚ partnering‚ reengineering‚ that are used today‚ do enhance and dramatically improve the operational effectiveness of a company but fail to provide the company with sustainable profitability. Thus‚ the root cause of the problem seems to be failure of management to distinguish between operational effectiveness and strategy: Management
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Executive summary: The case study is about a business proposal which is a computer shop including the following: 1. 50 units of computer set 2. With waiting area for customer 3. Have a small food stall inside the shop (merienda foods) 4. One comfort room 5. Main server or counter 6. Mini Bar for food and beverages 7. With an estimated cost of 2 million pesos The said proposal having an area of 80 meter square (10m x 8m) have occupied a large space
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managers and whether they should join the joint venture or not. Profit maximisation Profit maximisation is the process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem. The total revenue - total cost method relies on the fact that profit equals revenue minus cost‚ and the marginal revenue - marginal cost method is based on the fact that total profit in a perfectly competitive market reaches its maximum point where
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Question1. Describe the concept of vision in an organisation with example. How is it different from mission statement ? A vision statement is a vivid idealized description of a desired outcome that inspires‚ energizes and helps you create a mental picture of your target. It could be a vision of a part of your life‚ or the outcome of a project or goal. Vision statements are often confused with mission statements‚ but they serve complementary purposes. Examples of vision statement The nature
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Explain the circumstances under which firms value “risky” workers more highly than “safe” ones. One of the risks which a firm faces in hiring a worker is uncertainty over their true productivity. This essay should examine why firms might prefer to hire a worker whose productivity is more uncertain‚ including empirical evidence on when (or if) this occurs. With the rapid growth of data analytics and behavioural economics‚ more and more human resources managers are beginning to realize the
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cut and most people don’t understand that clear cutting isn’t bad per say but can be helpful in the long run. There are two versions of clear cutting‚ one called a commercial clear cut‚ where only the merchantable tree is cut‚ leaving the unmerchantable tree behind to be either left or burnt in the slash piles. The other is a plain old clear cut‚ where everything is cut‚ from the merchantable trees to even the unmerchantable are cut. Clear cutting proscribes mostly to trees that do well in high
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Group Two or more individuals‚ interacting and interdependent‚ who have come together to achieve particular objectives. Formal Group A designated work group defined by the organization’s structure. Informal Group A group that is neither formally nor organizationally determined; appears in response to the need for social contract. Command Group A group composed of the individuals who report directly to a given manner. Task Group Those working together to complete a job task. Interest
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PERSONAL PRODUCTIVITY SOFTWARE Personal Productivity Software allows an individual to perform personal tasks with ease. Certain activities such as writing a memo‚ creating a graph and creating a presentation are made simpler with Personal Productivity Software. Many popular Personal Productivity Software tools include Open Office‚ Microsoft Word‚ Microsoft Excel‚ Internet Explorer and Quicken. Advantages • Familiarity as most professionals already use some method of Personal Productivity Software
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protect‚ or acts upon. One of the greatest goddess’ was Artemis. Artemis was the goddess of chastity‚ virginity‚ the hunt‚ the moon‚ and the natural environment. In great myths‚ Artemis is found in the forest or in the river. The Greeks called Artemis‚ Artemis but the romans would call her Diana. During the birth of her brother‚ Apollo she helped her mom‚ Leto to give birth to him. Then‚ she became the protector of child birth and labor. Artemis had a mom‚ a dad‚ and a brother. Her brother was Apollo
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