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Business Ethics and Corporate Social Responsibility
Corporate Social Responsibility refers specifically to relationships with external stakeholders such as representatives of the community and environment and often relates to businesses role in society. Issues commonly associated with social...
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The evolution of the concept of Natural Law and Thomas Aquinas’ contribution to it
Natural law is a legal theory that recognizes law and human morality as deeply connected. Natural law thinkers believe that human laws are defined by morality and not by an authority figure.
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Mobile phone fingerprint scanner
Latest Smartphones come with a fingerprint scanner. When you buy a smartphone, if privacy and security is on top of your list of priorities, you will select a smartphone with a fingerprint scanner.
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What is Stakeholder Analysis in business
Stakeholder groups can exert influence on strategy. The greater the power of a stakeholder group, the greater its influence will be. Each group has different expectations about what it wants.
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What is Mission in business and characteristics of Mission
A company’s mission statement is focused on its present business scope “Who we are and what we do”. It broadly describes company's capabilities, customer focus, activities, and business make up.
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What is Vision in business and elements of vision
A vision statement is sometimes called a picture of your company in the future. Your vision statement is your inspiration, the framework for all your strategic planning.
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An analysis of Supply Chain Management in business
Supply chain management is a set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and stores, so that merchandise is produced and distributed in the right quantities, to the right locations, and at the right time, in order to minimize system wide costs while...
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Non-Financial Performance Indicators
Performance measurement plays a major role in running a business organization. Many business activities are controlled through performance measures. Business managers traditionally used accounting based performance measures......... .
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Financial Performance Indicators in business
Business managers have traditionally focused on financial measures of performance to monitor the progress of their business organizations. It is imperative to monitor a range of performance indicators in the business to make appropriate and timely decisions.
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Measurement of Value for Money in private and public sectors
Value for Money is achieving the best possible combination of services from the least resources or maximizing benefits for the lowest cost.
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What is Induction Cooking, how it works and how to use it
What is an Induction Cooker? Other cookers use a heat transfer mechanism to heat the cookware. In an induction cooker, heat is not transferred to the cookware but heat is generated in the cookware itself using a process called induction heating.
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Corporate governance and control in business firms
Corporate governance is the system by which companies are directed and controlled. Due to the high profile collapses of large corporations such as Enron and WorldCom, there has been renewed interest in the corporate governance practices.
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What is Overtrading and how to prevent it
Overtrading means operating a business with insufficient long term capital. It can arise even if trading profitably. It is also called under-capitalization.
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First mover advantage: Is it an absolute guarantee of success?
The term first mover refers to the first firm that enters a particular market. The first firm will have a competitive advantage over the subsequent entrants or those firms who follow the first mover. This advantage is referred to as the first mover advantage.
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Agency relationship and conflicts between business managers and shareholders
An agency relationship arises whenever a person or a group of persons hire another person or a group of persons to perform some service on behalf of the former. The Principal, on whose behalf the Agent performs the particular service, delegates the decision making authority to the agent.
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Potential strategic financial objectives of an organization
Strategy depends on objectives. The main strategic objective of a profit making organization is to maximize the wealth of the owners.The organization has to balance the needs of stake holders.
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Most beautiful places on the planet
Here are some wonderful pictures taken at world's most beautiful places.
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Most beautiful nature preserves on the earth
Earth is the only planet known by us to date, to support life. Life on earth has made the earth the most beautiful place in the solar system.
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Earth's most fascinating locations
Our Earth is blessed with places that are beautiful beyond words. Every person may have a dream of visiting at least some of those places during his or her lifetime.
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Most fascinating Places in the world
Sky is blue. Clouds are white. This is the truth. But see how many other beautiful colors replace these and make the Earth a beautiful place to live.
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Most fascinating Scenes in the world
Earth is such a beautiful place. Man has made it even more beautiful. See how man's actions mixes with the colorful nature.
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Why should Working Capital be managed efficiently
It is very important to manage working capital efficiently. This is important from the point of view of both liquidity and profitability. Even the most profitable business can quickly go under if it does not have sufficient liquid resources. But an unprofitable company can survive for quite some...
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Advantages of Email Marketing and issues
E-Mail is the hot new marketing medium. E-Mail has exploded onto the scene as an important e-marketing tool. A large number of companies nowadays use e-mail marketing to reach consumers.But there is a dark side to the exploding use of e-mail marketing. The biggest problem is SPAM. The spam is...
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Creating and managing strong product Brands
Brands are more than just names and symbols. Brands represent consumers’ perceptions and feelings about a product and its performance. Brands exist in the minds of consumers. A strong brand is a valuable asset to the business.
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Kodak - Shifting Focus from traditional Film to Digital Revolution
The first Kodak camera was launched in 1888, more than 120 years ago, with the simple slogan “You press the button. We do the rest.” By 2000, Kodak was one of the most recognized and trusted brands in the world.
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Successful job interview - Key points to follow
Job interview offers you an opportunity to gather more information about the organization and at the same time the organization is allowed to gather more information about you. You need to present your best self at the interview.
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How to write a successful job Resume
A Resume is a concise but comprehensive written summary of your qualifications including your academic, personal and professional achievements that shows why you are the best candidate for the job. Organizations use resumes to select the candidates for interviews.
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CIM - Computer Aided Design and Manufacturing
Computer-aided design (CAD) is an electronic system for designing new parts or products or altering existing ones, replacing drafting traditionally done by hand. The component of CIM that deals directly with manufacturing operations is called computer aided manufacturing (CAM).
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CIM - Flexible Manufacturing System
A flexible manufacturing system (FMS) is a configuration of computer-controlled, semiindependent workstations where materials are automatically handled and machine loaded.
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CIM - Numerically controlled machines & Industrial Robots
Numerically controlled (NC) machines are large machine tools programmed to produce small- to medium-sized batches of intricate parts. Industrial robots are versatile, computer-controlled machines programmed to perform various tasks.
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CIM - Automated Materials Handling Systems
Materials handling covers the processes of moving, packaging, and storing a product. Moving, handling, and storing materials cost time and money but add no value to the product.
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Computer Integrated Manufacturing - CIM
Computer-integrated manufacturing (CIM) is an umbrella term for the total integration of product design and engineering, process planning, and manufacturing by means of complex computer systems.
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Trading in Financial Markets and financial assets
Financial market allows people to buy and sell financial assets such as financial securities like currencies, stocks and bonds. There are three or four types of financial markets in major financial centres throughout the world.
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Walmart the ultimate retailer – Always Low Prices
Sam Walton and his brother opened the first Wal-Mart discount store in 1962 at Rogers, a small town in Arkansas, USA. Today, Wal-Mart is not just the world’s largest retailer, but also the world’s largest company. What is the secret behind their success? Wal-Mart lives up to its promise: Always Low...
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Volkswagen Passat by the European Car maker
The success story of Valkswagen continues with the new Walkswagen Passat Car. Volkswagen has presented the new generation of one of the world’s most successful cars.
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Volkswagen Beetle car - Skillful Product Life Cycle Management
In year 1949 the original Volkswagen Beetle came to America.It became the most popular car in American history. Several decades later Volkswagen decided to rekindle the life cycle of this little car and in 1998 they introduced a new Beetle.
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Jollibee Vs. McDonald's: Filipino Burger Kings Fight Against Global Giant
Jollibee is not a household name when it comes to the global market. But in the Philippines, it’s the king of the burger market.Jollibee’s menu and flavors are specially suited to Filipino tastes. The local chain cooks up sweet, spicy burgers and serves seasoned chicken and spaghetti with sweet...
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Faster than fastest method to making money online
"Learn how to make a fortune effortlessly while sitting in front of your computer at home." This quote was taken from one of thousands of emails coming daily to our email boxes. Have you done any research about them? Have you paid any money to them?
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The high-performance Nokia N900 mobile computer phone
Nokia has launched its latest high performance Nokia N900 mobile computer phone with Maemo technology. The concept behind the N900 has been to enable the user to experience a proper desktop-like experience in a pocket-size device.The N900 is geared up to let the user browse the web just like on a...
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CASIO EXILIM G slim waterproof and shock resistant Digital Camera
Casio has announced the release of CASIO EX-G1 shock-resistant, waterproof, dustproof digital camera on 18thNovember 2009. This is the first camera introduced by the company in the new EXILIM® G series.
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Health insurance business in US
Health insurance is the type of insurance which pays for medical expenses incurred by a person. It may be provided by private insurance companies or through a social insurance program sponsored by government.
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Foreign Exchange for Business Organizations
Will there be anything called a foreign exchange market in this world, If there is only one currency in this world? But in reality, many countries have their own national currencies. Then there should be somewhere to facilitate making payments and transferring funds between countries.
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Treatment of Mesothelioma
Mesothelioma is a type of cancer caused by exposure to asbestos.In Mesothelioma, malignant cells develop in the mesothelium which is a protective lining that covers most of internal organs in our body. The treatment of mesothelioma depends on the stage of the disease, the location, how far it has...
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Use of Asbestos and the risk of Mesothelioma
Asbestos is a naturally occurring silicate mineral with long, thin fibrous crystals. The inhalation of asbestos fibers can cause serious illnesses including malignant lung cancer and Mesothelioma.In Mesothelioma, malignant cells develop in the mesothelium which is a protective lining that covers...
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Business Franchising - more than a method of Technology transfer
Franchising is the practice of using another person's business model. The franchisor allows the independent operator to adopt the company’s entire business format: its name, products, techniques, business methods, layout of premises and trademarks.
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Objectives of Public and Private sector organizations – A comparison
Both public sector and private sector organizations have objectives and missions. But depending on the type of organization, there are differences between the public and private sectors of a country.
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Regulatory Authorities – Objectives and main activities
Regulatory bodies are established in countries according to the policy of the government with different types of authorities. Regulatory rules are designed to meet government objectives.
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What is a Search Engine and how does it work
A Search Engine is a web site designed to search for information on the World Wide Web. What happens when someone enters a query into a search engine? The Search Engine then examines its index and displays a list of best-matching web pages.
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A profit for not-for-profit public organizations
Not-for-profit entities do not expect profits. They are established not for profits but to achieve different objectives of the society. But, can these organizations operate without identifying and satisfying the needs?
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Interest Rate – A major economic force affecting financial plans
Rate of interest is the price of money which is lent or borrowed. It is always expressed as a percentage of the sum lent or borrowed. It is generally calculated on an annual basis.
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How high inflation rate affects on business and economy
Inflation means rising prices and it shows the increase in cost of living. In economics, inflation is explained as rise in the general level of prices of goods and services in an economy over a period of time.
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Concerns of the business manager in protecting environment
Protecting the environment is considered nowadays as a key issue affecting everyone. Business organizations are pressurized to ensure that the environment suffers minimum damage due to their processes, products and services.