Compensation Management Q1.a. What is the role of compensation and rewards in modern organization? What arethe advantages of a fair compensation system? Ans1a. Role of Compensation and Reward in Organization: Compensation and Reward system plays vital role in a business organization. Since, among four Ms, i.e Men, Material, Machine and Money, Men has been most important factor, it is impossible to imagine a business process without Men. Land, Labor, Capital and Organization are four major
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EXECUTIVE SUMMARY As a partial fulfillment of my MBA curriculum I have undergone six weeks summer training at “ANGEL BROKING.” I have done my summer training project at Jamnagar branch from 1st of May to 15th of June. The Angel Group has emerged as one of the top 5 retail stock broking houses in India, having memberships on BSE, NSE and the two leading commodity exchanges in the country i.e. NCDEX and MCX. Angel Broking Ltd is also registered as a depository participant with CDSL
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individual that played a part in today’s wireless technology is Hans Christian Oersted. In 1819 he had found that a compass needle had movement if it was presented with electrical current. This relationship between the needle and the electricity is an essential part of electromagnetism. It is said that this discovery by Oersted happened completely by chance. While preparing for one of his lectures he was setting up some of his equipment. The compass and battery were in close proximity to each other and
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Assignment3: Accounting in practice Radhika Chirumamilla Dr. Kuchar 08/07/2013 Determine the most important five skills that a forensic accountant needs to possess and evaluate the need for each skill. A forensic accountant assists organizations and individuals chiefly to provide management support in the form of reviews for fraud detection and litigation support, especially through expert witness testimony. In conducting an investigation, a forensic accountant applies specialized skills and
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Chapter 1 ETHICS & BUSINESS ETHICS AN INTRODUCTION TO ETHICS Ethics is not a recent discovery. Over the centuries philosophers in their struggle with human behavior have developed different approaches to ethics, each leading to different conclusion. The word “Ethics” which is coined from the Latin word ‘Ethics’ and Greek word ‘ethikos’ pertains to character. Ethics is thus said to be the science of conduct. As a matter of fact it deals with certain standard of human conduct and morals. The
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------------------------------------------------- Myth 5: Entrepreneurs Must Fit the "Profile" Entrepreneurs and Entrepreneurship: An Introduction It is not easy to give a particular answer to the question: Why do people want to start and run independent businesses? Different answers may come from different people. Some people may start a business just because they love independence and hate to tolerate bossing in the jobs. Some may not have the capability and qualification to do a job and
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avoid doing bad things. So, ethics separate, good and bad, right and wrong, fair and unfair, moral and immoral and proper and improper human action. In short, ethics means a code of conduct. So, the businessmen must give a regular supply of good quality goods and services at reasonable prices to their consumers. They must avoid indulging in unfair trade practices like adulteration, promoting misleading advertisements, cheating in weights and measures, black marketing, etc. They must give fair wages
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It can be said that , innovation step by step has bring the better life to people with convenience and useful . It is hard to define what is innovation ,Bessant and Todd [ p40,2011] has defined innovation as ‘’ a process of translating idea into useful – new products , processes or services ‘’ . With similar idea , Naylor[p212] stressed that , innovation is new idea which is developed to be new product or new process and it is recognized by customers .. If in the past , many business is recognized
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profit making companies. Product development, which is a very important part of R&D, can see the situations that are expected to improve a company’s competitive advantage and increase future success in periods. R&D management has been an essential point with the increase in investments. At the same time, performance measurement also has been an important contribution to increase of product development. Comparably, the research usually has been used a theory by companies instead of using
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government and increased regulation upon its businesses was realized and deemed an absolute necessity to protect the people of society, and to limit the scope of business. Argument for Business: Astor was an intelligent, talented, and ambitious businessman. Even more so, he was recognized for his guile and cunningness to get the upper hand on his rivals
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