When the benefits of actions are predictable, when the forces or variables that drives the firm are known and move in deterministic manner, when the deviations aren't high , one can easily use standard decision making optimization techniques. But when the situations are unpredictable, forces are unknown and move in unpredictable and non-linear manner, and then optimization principles will not help much. And this is what we are facing today. The utter necessity of tactical, operational and...
Organisational culture is the way a company is run or how you feel when you walk into an organisation, weather it is fast moving and responsive or whether it feels old and backward looking, this feeling is referred to organisational culture. Culture is about how the organisation organises itself, its rules, procedures and beliefs make up the culture of the company. It consists of basic behavioural norms, values and beliefs of the organisation. [1]There are six types of organisational cultures....
This assignment revolves around the external environment factors of the case study IMAX Image Maximum that affects their internal choices of decisions using the tool PEST analysis (Political, Economic, Social and Technological) and SCP model (Structure Conduct Performance). Kotler, (1998) defines "PEST analysis as a useful strategic tool for understanding market growth or decline, business position, potential and direction for operations". Furthermore, Evans Carl & Richardson,...
Up to the end of 2005 the apartment market more or less reflected the overall confidence in residential property generally with an abundant supply of prospective purchasers willing to accept short to medium term guaranteed returns from the developers. Properties of all shapes and sizes sold well off the plans. A combination of world financial crises, problems with weather tightness, a drop in migration and legal issues with companies such as Blue Chip very rapidly undermined purchasers'...
International General Insurance Company of Pakistan Limited (IGI) is a group company of packages Limited. IGI was established in 1953 in collaboration with Alliance Assurance of Great Britain. Syed Maratib Ali was its first Chairman and Syed Babar Ali the first Managing Director. The present Managing Director is Syed Hyder Ali and the General Manager Basit Hassan Syed is currently the Vice Chairman of Insurance Association of Pakistan (IAP). Packages Group is one of the leading business houses...
Pizza Hut (known as Pizza Hut, Inc.) is an American restaurant chain and international franchise that offers different styles of pizza with other side dishes including pasta, buffalo wings, breadsticks, and garlic bread. Pizza Hut is a subsidiary of Yum! Brands, Inc.( A parent body which has headquarter in Dubai. They provide raw materials and standard for Pizza Hut (Peshawar) to follow and they have a right to seal the business if Pizza Hut doesn't follow their standard). Pizza Hut Pakistan...
Statement: "Implementing increased diversity in the workforce can be difficult for many managers. However, when diversity is managed correctly, it should prove beneficial to all employers."Abstract The paper presented here is to critically analyze the statement given above and moreover, its main objective is to prove that how the effectiveness of successful management of diversified workforce in organizations can not only be beneficial to the employers but also to the whole...
Motivation can be defined as 'the process that accounts for an individual's intensity, direction and persistence of effort toward attaining a goal' (Robbins, 2001). There has been a huge amount of research into motivation at work, including work done by famous theorists such as Maslow and McGregor. This essay however, is going to compare and contrast Herzberg's two factor theory and Vroom's Expectancy theory. Since research into motivation started it has been increasingly used by managers in...
This chapter provides the introduction of this thesis. Firstly the background regarding the research is discussed. It also provides the importance of this study with the problem discussion which will help the reader understand the purpose and research questions. Now days in organizations, commitment has become very popular subject of interest. Commitment is important in organization and as well as consequence of a number of work related variables. Different studies define organizational...
Introduction A recession can cause businesses to take drastic actions to cut costs within a company. Such a strategy can be seen as making logical awareness, it is necessary to take the strategy in this time when sales are dropping and costs are rising. However, it could also be argued that HR department who concentrate on cutting costs only be successful in the short term and the demise of the 'training' culture may have strategic long term problems for companies in the future. This essay will...