CHAPTER ONE PRINCIPLES OF PERSONNEL MANAGEMENT HUMAN RESOURCE DEPARTMENT AND ITS BASIC FUNCTIONS For any organization‚ staff or men power is the most valuable asset.. In the modern age where computers and information technology have brought revolutionary changes in the progress and performance‚ human resource factor’s importance has become imperative. Many years ago large organizations had no separate department for staff matters and Personnel & Admin Department was doing the job. But recently
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Theoretical background Upper course The source of the river is normally found in an area of high ground. The river usually flows through a steep V-shaped valley. Most of the erosion that occurs in the upper course is vertical and as the river bed is eroded lower the valley becomes steeper. The river is narrow with a shallow channel. As discharge is calculated by measuring the cross sectional area of the channel multiplied by the velocity‚ the discharge is small. The river is mainly slow flowing
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and outlie of Profit and Non-profit facilities. Profit services provide excellent care with best out come in healthcare organizations as they have challenging business for rewarding customers. While non-profit services are the services worked by the government funding‚ their packaging usage is less and one of the best thing is that they have public who give their time and money for the organizations. Now a days‚ I believe that in any health care companies for non-profits and for-profits can become
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Theories of Profit There are various theories of profit‚ given by several economists‚ which are as follows: 1. Walker’s Theory of Profit as Rent of Ability This theory is pounded by F.A. Walker. According to Walker‚ “Profit is the rent of exceptional abilities that an entrepreneur may possess over others”. Rent is the difference between the yields of the least and the most efficient entrepreneurs. In formulating this theory‚ Walker assumed a state of perfect completion in which all firms are
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CHAPTER 1 INTRODUCTION Background of the Study In our fast-paced world‚ it’s always about being better and faster – not only as compared to others‚ but as we were before. Life is seen as a competition‚ and only the fittest survive. Perfection is both ideal and a norm. However‚ as the saying goes‚ nobody is perfect. It is the striving for this seemingly paradoxical goal that leaves feelings of inadequacy and disappointment. Disappointments in life are inevitable‚ and so are challenges and difficulties
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Abstract Have you ever wondered how not-for-profit organizations are not-for-profit? Or how not-for-profit organizations can operate at an accounting profit but still be considered a not-for-profit organization? Over the year’‚ not-for-profit organizations have had many changes in rules and regulations set forth for not-for-profit organizations to abide by. There are three major financial statements involved with not-for-profit organizations and one voluntary financial statement‚ plus four key governmental
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OBJECTIVES OF THE STUDY The following objectives are identified:- Primary Objective. To know the usage and adaption of plastic money. Secondary Objectives. Secondary objectives are as under:- - To know the importance of plastic money in the daily life of consumer’s with reference to credit and debit cards. - To study the benefits of debit card & credit cards. - To find out the market leader among the various banks/ companies issuing credit and debit cards. - To know the problems faced
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organizations: profit‚ non-profit and government based organizations. This paper will discuss the differences between profit and non-profit organization and the weaknesses and strengths that each of the organization has. The University of Michigan will be used because it is a prime example of a non-profit organization and its services and the center for spinal surgery hospital will be discussed as a for-profit hospital. Body The University of Michigan’s health system is a non-profit organization
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Theoretical Framework Two approaches to ethical decision making have dominated ethics for a long period of time. Utilitarianism‚ developed by Jeremy Bentham and John Stuart Mill‚ defines the moral goodness of actions by their consequences. This theory distinguishes good from bad‚ with particular emphasis on the happiness generated by the consequences. Those acts are right that produce greatest happiness for the greatest number. Utilitarianism‚ at times‚ requires that some good be sacrificed
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best practice in energy management. Developed by people knowledgeable in the topic‚ an effective policy needs to be directly relevant to the organisation and appropriate to its nature and size. It should provide a clear focus for the organisation’s objectives and be the formal expression of the senior management’s commitment to‚ and ownership of‚ the issues. It should provide workable principles to guide the organisation’s energy strategy. It is also necessary for the company personnel to be knowledgeable
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