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QUESTION
The Euro crisis will have a major impact on the Mauritian economy. Many businesses in Mauritius depend on European countries for the exportation of their products and services. One of the sectors that will be affected negatively will be the tourism sector since they depend on European tourists for a large part of their revenue. This example clearly shows that business organizations are open systems and hence they are impacted by changes in the local and international business environment. Nowadays managers have to be proactive and hence they should be able to forecast changes in the business environment and prepare the organization to deal with these changes.
(a) Taking into consideration the above statement, explain what are the main components of the external business environment by providing suitable examples
(b) Explain how good people management can help an organization to be competitive
Kaizen is the Japanese term for continuous improvement. The kaizen concept was pioneered by in Japan by Toyota as a daily challenge to all its employees to improve their process
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"Only projects with a positive NPV should be considered and projects with a negative NPV should be discarded". Briefly discuss this statement. Define what is meant by 'Value A
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Ask question “Naughty Rule”#Minimum 100 words accepted#
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A quality circle is a completely voluntary group of 6 to 8 workers of a shop or who meet regularly during company time once very fortnight or ever month under die leadership o
Question 1: "Training is usually treated as a cost in many organizations rather than an investment since in difficult times, many organizations cut their training budget first
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