In what ways are modern societies different from previous types? Describe three of the most significant differences. Over many years‚ societies have had to develop and adapt to the way the world is changing. Today‚ some of the most recognisable changes include the expansion of towns and cities‚ the advancement of the global economy and the rapid development of technology. Due to these advancements in society‚ we have seen the industrial revolution create more employment opportunities with better
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(A)Explain the ways in which the contract of agency may be constituted. To talk about the contract of agency‚ firstly the definitions of contract and agency are requited. According to Gloag (W.Green‚ 1929)‚ ’contract is an agreement which creates or is intended to create a legal obligation between the parties to it. ’ And it ’s a really important part in the business‚ commonly known as legal lynchpin of business activities such as provision goods and services (Gordon‚ G. 2011). Meanwhile‚ same
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CHAPTER 3 The Competitive Environment Learning Objectives Upon completing this chapter‚ you should be able to: Identify the structural characteristics of the environment faced by the firm and how these drivers influence both competition and value creation Choose the appropriate level of specificity in environmental analysis‚ depending on the locus of the decision-making group Predict how changes occurring in the environment might influence future competition and value creation Incorporate understanding
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Agency theory Agency theory identifies the agency relationship where one party‚ the principal‚ delegates work to another party‚ the agent. In the context of a corporation‚ the owners are the principal and the directors are the agent. This model of corporate governance and subsequent research focused on resolving conflicts of interest between corporate management and shareholders (Jensen and Meckling‚ 1976) and has largely adopted an agency theory approach. Key assumption is that the principals and
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Intercontinental University Why do firms purchase other corporations? Many firms purchase other companies to make their company larger. The growth of a company is achieved through expansion of purchasing already built companies and expanding their business into empty building. Merging with other companies is sometimes easier since the business is already setup. They can gain good managers and employee as well as formidable contracts that they were not using before. Do firms pay too much for the acquired
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Florida” (NADCP‚ 2015). Once that first drug court system was set up it took off from there and drug courts were rapidly developed throughout the United States. The number of drug courts rose from the first drug court in 1989 to “2‚734 drug courts by June 30‚ 2012” (NADCP‚ 2015). Drugs courts main goal is to try and treat the offender drug abuse problem using everyway possible. Instead of overloading the traditional court system with to abundant amount of drug cases‚ involving the same faces of
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What do people managers do? Who are studying for the professional exams of the Chartered Institute of Personnel and Development (CIPD)‚ describe the general role of people management as comprising specific objectives under four headings: staffing‚ performance‚ change management‚ and administration. Staffing objectives are firstly concerned with ‘getting the right people in the right jobs at the right times’ – i.e. the recruitment and selection of staff‚ but increasingly these days also advising on
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An executive summary for managers and executives can be found at the end of this article Green marketing of cosmetics and toiletries in Thailand Lalit M. Johri Associate Professor at the School of Management‚ Asian Institute of Technology‚ Klong Luang‚ Pathumthani‚ Thailand Kanokthip Sahasakmontri Retail Network Strategic Planning Assistant‚ Shell Companies in Thailand‚ Klongtoey‚ Bangkok‚ Thailand Introduction The green marketing of products and services is an important development in
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Agency Theory and Executive Compensation: The Case of Chinese State-Owned Enterprises Taye Mengistae Development Research Group The World Bank Lixin Colin Xu* Development Research Group The World Bank Corresponding Author: Lixin Colin Xu MC 3-300 DECRG‚ The World Bank 1818 H Street‚ N.W. Washington‚ DC 20433 Phone: (202) 473-4664 Fax: (202) 522-1155 Email: LXU1@WORLDBANK.ORG * We thank Chong-En Bai for useful discussions‚ and Canice Prendergast (the editor) and two anonymous
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MGMT 801-HR IN THE GLOBAL FIRM MARK CHAN CASE STUDY 1. Background information Mark Chan had spent the past six years working overseas and Mark’s past international experience helped him to get the job at Energem‚ a diversified‚ global company with market-leading positions in a number of industries. Headquartered in the UK. By the end of his third year at Energem Mark was offered a three-year international assignment opportunity at the corporate headquarters in London. The job was another promotion
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