" Persistent cost-cutting and competitive market share expansion to keep its rate of profit forms the primary dogma of its religion. Following this dogma, its "army of priests" emphasizes on practices that seem to do anything but increase the quality of life for its workers and people in the larger society (Harris & Kleiner, 1993)
The site also informs some of the many benefits, such as medical care, available to Wal-Mart workers. These mentioned policies are according to what the common working person would see as being arranged with their personal objectives and goals, employment with reasonable treatment and a good salary and benefit program (Lefcoe, 2005-2006)
This prerogative has seen the company fire employees for no legal reason. This rule permits the company to withdraw lawsuits based on the employment-at-will rule (Silver, 1987)
In this case, companies would conduct business in an unfair environment just because profits are there. Employees who feel the companies are not doing right are tethered from expressing their opinion (Blindheim & Langhelle, 2010)
As a result, 29 of 31 coal miners perished in the tragedy. Investigators report specified that the company ventilation system did not meet standard (Lawrence, 2014)
1999). Across the board, the Chinese experiment with shareholding has exceeded even the liberal model recommended by the World Bank (Cao 2000)
Secondary data are information that has been collected earlier for a different purpose, but which may still be useful to the research project under consideration. In addition, finding the information needed to answer a particular research question from secondary data avoids the need to spend time and money on primary research (Dennis & Harris 2002)
The good times of diverting some goods from the planned sector to sell at higher market prices to needy consumers, for the benefit of all concerned, were over. Furthermore, local market niches have become unsustainable, despite the best protectionist efforts of the local cadres (Lin 2008)
In contrast to the radical ownership privatization approach widely adopted in Russia and Eastern Europe, China's reform of SOEs started with the market approach. This market-oriented approach posits that if competitive markets are created for products and factors of production, SOEs can be successfully transformed from loss-making cost centers into profitable, return-oriented investment centers without radical changes in ownership structure (Qi et al
When managerial ownership approaches a considerably high level, the agency problem can be largely mitigated due to the full alignment between the interests of managers and shareholders. Therefore, it is hypothesized that among Chinese listed companies, managerial ownership and firm value have a nonlinear relationship that can be identified (Ruan, Tian & Ma 2011)
The Chinese government, though, has been allowing these so called "legal person shares" to become formally transferable, a process that implies more liquidity. Although most of these shares remain ultimately controlled by the Chinese government, the presence of these institutional shares is believed to exert a positive effect on firm performance (Stiglitz 2001)
Thousands of state-owned enterprises have become stock companies. Foreign investors are even allowed to purchase small-scale state-owned enterprises, after state enterprises were structured into stock companies (Wang, 2000, p
Thousands of state-owned enterprises have become stock companies. Foreign investors are even allowed to purchase small-scale state-owned enterprises, after state enterprises were structured into stock companies (Wang, 2000, p
389). This framework began to undergo some profound changes during the late 1980s, though, and a number of enterprise reforms were implemented as part of the larger framework that was being used for China's gradual transition into a market economy (Wong 2006)
¶ … Long-Term Success Six key developmental tasks (Flamholtz & Randle 2012: 11-18) Identify a market and create a niche Regardless of whether the market niche is small or large, it is essential for an emergent organization to define the needs of the customer base to distinguish the new product from its competitors
Stage III represents the professional management phase One of the critical differences between an entrepreneurship and a professionally-managed organization is the role of its leader: if an organization becomes incorporated, the former president must take on the new role of CEO to fulfill his or her required duties (Flamholtz & Randle 2012: 212-214). "The Merriam-Webster dictionary defines entrepreneur as 'one who organizes, manages, and assumes the risks of a business or enterprise' and manager as 'one that manages: as a: a person who conducts business or household affairs or b: a person whose work or profession is management'" (Reh 2014)
However, one of the simplest explanations is the best, "You should be constantly evaluating your team to ensure that you have the right people with the right training in the right places to ensure success. The ability to create a unique team is one of the most cost-effective ways to create real sustainable advantage in the marketplace" (Brown, 2007)
, 2011). By managing by teamwork, one can avoid the pitfalls of "failing to set and communicate expectations, failing to address people issues quickly before they become significant challenges, overlooking your role as coach, underestimating the power of your words, taking everything personally, using a one-size fits all approach for handling situations, not asking for help, and forgetting to realize it's not about you anymore" (Five Star Development Inc
Another consideration is the short-term condition of the South Korean economy. The country is facing long-run expansionary conditions, since 1997, but the current state is characterized as "fragile recovery," to the point where further stimulus, either through monetary or fiscal policy may be required (Kim, 2014)
The rate is set by the central bank, which sets a bound in which the yuan can trade. This is roughly based on the USD, but the problem is that the lack of free float means that many observers believe not only is China manipulating the value of its currency but that such manipulations are unsustainable (Palmer, 2012)