Activity Based Costing can be defined as a costing system that easily determines specific activities of an organization and allocates the costs to these activities in relation to the products and services taking into consideration the actual consumption by each. It involves assigning of overhead or indirect costs into direct costs. This gives an organization an opportunity to determine the position of the costs of […]

Anersley Hospital is one of the many organisations facing a tough future due to the change in work patterns. The case study illustrates the importance of better management and positive attitude of the employees towards the organisation. Here the main issue is the change in working practices and the effect it has on the people involved and the overall organisational goals. It can be said […]

In recent years, the pursuit of profit and winning competition has been seen as the most important aim in people’s career. It’s therefore not surprising that some people view ethical principles as secondary in importance to financial success. As a result, business scandals happen over and over again in the modern society. Such ‘ethical marketing’ in the midst of these scandals is criticized by a […]

Leadership is not just a simple noun which one can learn its definition from a dictionary. There are about 350 definitions of the term “leadership”. This is due to the fact that it is difficult concept to explain but can easily be recognised. Therefore if it is difficult to explain then logically it must be harder to learn, and harder to practice as a skill. […]

It ensures that the company has sufficient cash to pay up its bills while at the same time minimizing the cost of temporary borrowing and hence maximizing the returns from holding surplus cash that enables its growth into the future. The activities of the treasury management are to manage the receipts and payment, oversee the borrowing and investment programs and also monitor the cash flow […]

The business case you have describes a situation In a company called Applied Research Technologies. As a team, you are expected to understand the situation and present your answers to the questions below: 1 . As Peter Visas, how would you handle the expenditure request for the re-launch of the mini water oxidation system? 2. As Cynthia Jackson, would you approve the expenditure request if […]

a. Why chose this co. / what is special or unique about this co? Amazon forms the largest chain of online retailers in books, CDs and other merchandise and demonstrably has satisfied a large number of global customers with its technology and strategy to serve to the globe. It enforces a set of expectations for one to match its business model and satisfaction ration (Chaffey, […]

Reward systems influence attraction and retention of employees. Overall, those organizations that give the most rewards tend to attract and retain the most people. This seems to occur because high reward levels lead to high satisfaction, which in turn leads to lower turnover and more job applicants. When certain specifiable conditions exist, reward systems have been demonstrated to motivate performance. However, performance motivation depends on […]

The world’s business environment has become highly competitive that for any organization to survive and thrive it must seek avenues to maximize performance, productivity and value for stakeholders and clients. Value management is a structured framework for reviewing or evaluating any project. It enables optimization of value for money and performance through a series of analytical and creative workshops according to Bone & Law. In […]

1.  Outline the management control system at Xerox. What are the key elements that make the system work? Xerox’s management control system laid emphasis on 9 business divisions, supported by 3 geographic customer operations divisions. These 12 units were organized under three operations family focused on the Xerox business management level, and promoting more effective linkages between markets and technologies. Each business unit was given […]