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Q. Show the behavioural aspects when implementing budgets?
The following behavioural aspects could arise when implementing budgets
- Budgets seen as a 'penny pinching' exercise rather than for cost control.
- Employees become united, finding excuses for not meeting targets.
- Lack of support from management may cause low motivation or morale.
- Budgetary slack or 'budget padding' e.g. wasteful spending introduced within cost estimates submitted by management or staff.
what are the ethics of strategic management?
Items purchased from a vender cost $20 every, and the forecast for the next year's require is 1,000 units. The cost of placing an order is estimated to be $5 each time an order is
An electronics firm is presently manufacturing an item that has a variable cost of $0.50 per unit and a selling price of $1.00 per unit. Fixed costs are$14,000 per month. present
Q. Show the Quick ratio or acid test? Quick ratio or acid test Quick ratio = Current assets less inventories / Current liabilities (times) This ratio meas
Transfer pricing is applied internally within a group for management accounting purposes e.g. to measure the performance of divisions. Increasing or decreasing an internal transf
Three ways of sustaining competitive benefit are? Ans) differentiation, Price-based strategies and lock-in
A new technique to strategic management was developed in early 1990's by Drs. Robert Kaplan (Harvard Business School) and David Norton. Kaplan and Norton explain the innovation of
project on mission of a successful organization
Question: (a) Firms are always looking to outperform each other; three generic strategies have been identified to allow them not only to attain advantages over competitors b
caselet in strategic management :National Competitive Advantage of IKEA Group, a Swedish company founded in 1943 with its headquarters in Denmark, is a multinational operator of a
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