The economic objectives of individuals‚ firms and government. Economic Objectives of Firms Profit maximization Profit maximization is the process of obtaining the highest possible level of profit through the production and sale of goods and services. Profit is the difference between the total revenue a firm receives from selling output and the total cost of producing that output. Profit-maximization means that a firm seeks the production level that generates the greatest difference between
Premium Economics Macroeconomics Economy
Understand how schools are organised in terms of roles and responsibilities. 2.1: Explain the strategic purpose of: a) School Governors b) Senior Management Teams c) Other Statutory Role- SENCO d) Teachers e) Support Staff 2.1 a) School Governors. The School Government is responsible for the conduct of the school and must promote high standards of educational achievement at the school. They provide a structured view of the school by having their own roles to keep an good eye on‚ e
Premium Teacher
How to Manage the Use of Force Ethical Issues Abstract A growing concern in America is the unnecessary use of force police officers use on the innocent or those in their custody. The role of the police officer carries both power and authority and the abuse of that power and authority raises issues society must face. This paper discusses the problem of officers who use unnecessary force‚ what managers and executives are doing to deal with this problem and the ethical dilemmas associated with the
Premium Police
Stakeholder orientation- DEGREE – which a firm UNDERSTAND AND ADDRESS s DEMAND * Comprises 3 set of activities * -the organization wide generation of data about stakeholder group & ASSESSMENT of the firm’s effect on these group * The distribution of this information throughout the firm * The ORGANIZATION RESPONSIVENESS as a whole to this intelligence. 2) BEGINS identify the relevant stakeholder ‚ the RS should be analyzed on the basis of power that enjoy as well as by the ties
Premium Business ethics Morality Reinforcement
Stakeholders As argued by Sharma & Starik (12) a stake holder is that which is affected by the operation of an organization entirely or can affect the organization directly. The organization can be of any kind meant to realize certain goals by the society. Stake holders are tenet to the development and performance of the organization without which the organization either cease or collapse completely. As such any organization must strive to identify its stakeholders and their specific needs
Premium Stakeholder Stakeholder analysis Project management
Unit 2.5 – Schools as organisations Learning outcome 2 – Know how schools are organised in terms of roles and responsibilities. 2.2 : Describe the roles of external professionals who may work with a school e.g educational psychologist. There are a large range of professionals who work with a schools on a regular basis to help children’s learning and development. They will come in and work with the head and other staff when needed‚ especially when there are a high number of children with
Premium Education Educational psychology Psychology
(ASSIGNMENT TEMPLATE – ENGLISH VERSION) STAKEHOLDERS (COVER PAGE) OUMM 3203 Tables Of Contents Part A: Introduction – Organisation background Part B: Market Stakeholders for BIFF Sdn Bhd 1. Supplier 2. Customer 3. Employer Part C: Non Market Stakeholders for BIFF Sdn Bhd 1. Local Community 2. Media 3. Government Part D: Suggestion on how to develop and maintain the relationship with identified stakeholders 1. Have a direct dialog 2. Provide variety of monitoring method
Premium Stakeholder Stakeholder management Stakeholder theory
The Stakeholder Theory of the Corporation: Concepts‚ Evidence‚ and Implications Author(s): Thomas Donaldson and Lee E. Preston Source: The Academy of Management Review‚ Vol. 20‚ No. 1 (Jan.‚ 1995)‚ pp. 65-91 Published by: Academy of Management Stable URL: http://www.jstor.org/stable/258887 Accessed: 20/04/2010 23:08 Your use of the JSTOR archive indicates your acceptance of JSTOR ’s Terms and Conditions of Use‚ available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR ’s Terms and
Premium Stakeholder Stakeholder theory Management
There are many factors which have an effect over corporate strategy other than the organisations stakeholders which can influence the management decision process and the corporations strategy. The most influential external factors which will effect the organisations strategy are those included within the PESTEL framework and ethical issues within the marketplace‚ internal factors will mainly include the organisations history and culture. When discussing strategy there are generally 3 different
Premium Strategic management Management Decision making
In this essay I am going to compare two extracts of writing‚ about World War 1. I am going to look at the use of language the writers use to express their views on war. For the first extract I’ve chosen a very famous piece ‘A Soldiers declaration’ by Siegfried Sassoon written in July 1917‚ I am comparing this against a letter written home by a junior officer from Flanders in 1916. Extract 1‚ A Soldiers Declaration is a very formal piece of writing‚ the writer starts of by informing the readers
Premium Writing Military World War II