A. FIRM AND ITS OBJECTIVE: Conventional theory of firm assumes profit maximization is the sole objective of business firms. But recent researches on this issue reveal that the objectives the firms pursue are more than one. Some important objectives‚ other than profit maximization are: (a) Maximization of the sales revenue (b) Maximization of firm’s growth rate (c) Maximization of Managers utility function (d) Making satisfactory rate of Profit (e) Long run Survival of the firm (f) Entry-prevention
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In “on the subway” there are many contrasts that convey both portraits in the poem. The speaker is obviously frightened of the young black boy sitting across from her on the subway‚ though he gave her no reason to be. She gives a description of him including his feet‚ shoes‚ clothing‚ and the emotion she perceives is on his face but for some reason doesn’t give an actual description of his face and body type‚ which I find strange. The speaker’s similes and metaphors are very disturbing because
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Those who are open to personal values influencing journalistic practice have criticized the issue of objective reporting by journalists. This is because of the present unbalance between journalists’ freedom and responsibility; their role as representatives of the Fourth Estate and their freedom and need to communicate and uphold ideas and values (Hirst & Patching 2005). There are many criteria for ‘good’ journalism and objectivity and has long been considered a vital factor‚ however is it fair to
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MANAGEMENT BY OBJECTIVES Management By Objectives (MBO)‚ was first introduced by Peter Drucker in 1954 in his book‚ The Practice of Management. By 1960s and 1970s‚ MBO became the no 1 buzzword of management practices and some form of a panacea for management ills. Most importantly‚ MBO has‚ for the first time‚ introduced significant changes to the command-control top down management system practiced at that time. Not that the Command & Control company system did not have any goals and objectives. It
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Subway-Porter Value Chain Introduction: SUBWAY was started 47 years ago in the year of 1965 by Fred Deluca. Subway is the market leader in the sub and sandwich shops offering a healthier alternative to traditional fast foods. Subway’s annual sales exceeded $ 6.3 billion‚ while countless awards and accolades have been bestowed its chain over the past 47 years. Subway has more than 33‚500 units worldwide whilst its rapid growth has attracted many investments and brought it many competitors
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Subway: Competitive Advantages and Disadvantages Subway prides themselves on their sandwiches -- custom-made on freshly baked breads‚ Subway sandwich shops provide fresh‚ great-tasting ’made to order’ subs‚ salads and wraps‚ with extraordinary customer service and value. Millions of customers think of Subway shops sandwich options (including ’8 under 6’ grams of fat) along with spokesman Jared Fogle -- as their preferred fast food choice for intelligent eating habits. The Subway chain
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Management by Objectives Motivating employees seems to be a challenge for managers - Discuss the advantages and disadvantages of the MBO program and provide at least one example to support your discussion. Goal-Setting Theories have evolved since the 50s and have an impressive documented literature. The Goal-Setting Theory addresses the issues that goal specificity‚ challenge‚ and feedback have on performance (Robbins‚ 2009‚ p185). Setting goals and motivating employees are always an important
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Aims and objectives Aims The users for whom actuarial information is created can place a high degree of reliance on its relevance‚ transparency of assumptions‚ completeness and comprehensibility‚ including the communication of any uncertainty inherent in the information. Actuarial information addresses the needs of its users‚ is of high quality and supports good governance if it is: relevant‚ transparent and complete; and communicated comprehensibly. Relevant actuarial information makes effective
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Why Franchise. Franchising has attracted some 34‚000 people in the UK to invest in their future in self employment. Here are 15 reasons why franchises offer an attractive business opportunity. 1. Established brand value. Prior to launching a franchise‚ the franchisor has developed and established attractive and meaningful branding for the operation‚ and as the network of franchisees expands the national recognition of this brand grows. When a franchisee enters into a mature franchisee network
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contains literary devices that enhance the understanding of the reader on how different the two characters are. The use of imagery‚ tone‚ and poetic devices reveal to the reader how a rich white woman contrasts herself with a black male she sees on the subway. First of all‚ the imagery is used to describe the character’s appearance. For example‚ the black male is depicted with a “mugger” cold look wearing red. This guides the reader to view the man as dangerous and intimidative. The white woman illustrates
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