the demand for money from the perspective of macro economy. The theories and empirical studies of cash holding issue from the perspective of micro economy expended with the trade-off theory (Kraus and Litzenberger, 1973), Pecking order theory (Myers and Majluf, 1984) and agency theory (Jensen and Meckling, 1976). It’s necessary for a study to review the previous
from a variety of alternatives provided. It also related with the activity on how to decide or making decision in solve the problem. Decision theory is the theory on how users making decision through application or system. There are three types of perspective that involved in decision theory which are descriptive decision theory, prescriptive decision theory and normative decision theory. Descriptive decision theory means the theory on how users make decision through their
Scientific Management and the Contingency Perspective of Management, in my opinion, is a very interesting topic to explore within the world of business. Both are methods of the process of management and are key to helping an organisation understand how to function successfully. Scientific management being one of the earliest experiments of applying science to the management process while the Contingency perspective basically dictates that there shouldn’t be only one method of management, that management
of the mission and objective are achieved will surely result in good results. For an individual, high discipline level is required, while at the organizational level, proper management and leadership structures are needed. Leadership skills are required from the time the mission and vision statements are formulated. This paper seeks to highlight relevant scenario involving a school principal. In
are different studies –both local and foreign, and other different articles that are closely related to the topic. Since the paper is focused on the different factors that affect the academic performance of first year accounting students, it is good to know how first year college students in today’s generation, learn and study. In relation to this, a researched paper entitled, "Learning styles, Study habits, and Academic Performance of College students at Kalinga-Apayao State College, Philippines
is that they include multiple stakeholders: Organizations, Clients, Governments sometimes, Consultants and the Recipients. Therefore, variable conflicts might occur between these stakeholders as a result of variations in interests, requirements, perspectives, expectations or methods of communication. Many studies have addressed this partials with the aim to improve and develop the briefing process, where lots of conceptual frameworks were initiated to manage and control multiple stakeholders but it
The aim of this paper is to explore some issues in developing and implementing a competency-based framework in an organizational context in Oman. Competency-based framework development process and implementation drawn from previous work on competencies in business and industry are explained. Issues and lesson learned into the use of competencies in practice in an organizational context are presented. Criticisms of such an approach are also presented. Keywords: Competencies, competency framework
Problems in the implementation of knowledge regarding management system in small businesses in Malaysia Background: Today, learning is thought to be the key resource, the powerful misuse which decides accomplishment for the firm. Information is of constrained authoritative worth on the off chance that it is not shared. The capacity to gather, coordinate and apply particular information of an association's individuals is principal to a company's capacity to make and maintain upper hand. Information
During the process of implementation major problems such as a failure to link individual performance management with institutional strategy and performance, non participatory approach in the development process of the system, taking job descriptions as the basis of performance evaluation, exclusion of cost as performance measurement etc. were observed. Then
management is the main body; and the last is the business control which the operational management and the general staffs are the main body. In the three types of control, strategic control is at the top of the control, and the object and content is the formation process of the strategic objectives, the setting of corporate governance and the division of responsibilities and duties. The aim of control is to reduce the corporate governance risk which result from the strategic decision making risk