How does the main idea relate to organizational structure? Organizational structure can be defined as the hierarchical arrangement of authority‚ communication rights and duties of an organization. The structure of an organization depends on the organizational objectives and strategies. In our article “Go your own way”‚ we can identify that the structure used is decentralized. In a decentralized structure the decision making power is distributed and departments have different degree of interdependence
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Environment Economic Structures Developed Countries Developed countries are also called advanced countries‚ industrialized countries‚ more developed countries (MDC)‚ more economically developed countries (MEDC)‚ Global North countries‚ first world countries and post-industrial countries. While there is no official guideline for which country may be considered developed‚ different institutions have created different categories. The IMF identifies 32 advanced economies‚ while the World Bank identifies 65
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Grameen Bank: Taking Capitalism to the Poor Evaristus Mainsah* MBA ’04 Schuyler R. Heuer MBA ’04 Aprajita Kalra MBA/MIA ’04 Columbia Business School Columbia University School of International and Public Affairs Qiulin Zhang MPA ’04 Columbia University School of International and Public Affairs This paper was written as part of the course Emerging Financial Markets taught by David O. Beim‚ professor of professional practice‚ at Columbia Business School in fall 2003. The authors are
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Assignment 1. Some of the key trends in the capital structure of India Inc. are as follows: Key observations: * Indian corporate employ substantial amount of debt in their capital structure in terms of the debt-equity ratio as well as total debt to total assets ratio. * As a result of debt-dominated capital structure‚ the Indian corporate are exposed to a very high degree of total risk as reflected in high degree of operating leverage and financial leverage and‚ consequently‚ are
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will be. The term industry can be refers to a field or an organisation involve in the production of goods‚ services or extraction of natural resources. There are two types of organisation in an industry‚ product-oriented organisation and service-oriented organization. The term "product" is associated with something that is tangible‚ which is capable of being perceived especially by the sense of touch. The outputs of product-oriented organisation are either end product‚ or components that are assembled
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Apex Financial Institutions in India 1. EXIM Bank (Export Import Bank of India) 13 2. ECGC (Export Credit & Guarantee Corporation of India) 16 5. Exports & Import 1. Exports‚ Procedure & Finance 19 2. Import Procedure & Finance 36 6. Facilities provided by the Banks to Exporters & Importers 1. State Bank of India
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concept‚ is indeed a necessary aspect of organisation. It is when this power is abused‚ however‚ that negative consequences often result. It also raises the questions of accountability and who should bear the responsibility of negative consequences. Thus‚ employees should challenge the perceived obligation to “simply” accept management’s exercise of power and question their true intentions. Essentially‚ a balance between the economic objectives of the organisation and the welfare of the people who represent
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THE CHARACTERISTICS AND NATURE OF ORGANISATIONS LEARNING OBJECTIVES: on completion of this topic you will have: Developed understanding of the nature and characteristics of organisations Identified generic organisational features An understanding of the different types of organisations An understanding of the role of the organisation as a ‘goals-led‚ open system’ An appreciation of environmental impacts on organisations Developed understanding of the process of organising Be able to
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Roles of people in organisations Directors‚ Managers and Supervisors all have responsibilities in the workplace as do grass root operatives. Directors are individuals with legal responsibility to the businesses‚ customers‚ employees‚ suppliers and shareholders. Directors The Directors typically create the business plans. Directors sit on the board because they have specialist expertise in a particular line of business‚ or because they have generalist experience‚ or sometimes more importantly‚
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Organisation Structure An organizational structure defines how job tasks are formally divided‚ grouped‚ and coordinated. (Robbins and Judge 2001). Managers need to address six key elements when they design their organization’s structure: work specialization‚ departmentalization‚ chain of command‚ span of control‚ centralization and decentralization‚ and formalization. Work Specialization Describes the degree to which activities in the organization are subdivided into separate jobs. The essence
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