The Supreme Court of India defined Collective Bargaining as “the technique by which dispute as to conditions of employment is resolved amicably by agreement rather than coercion” [1]. The process of collective bargaining involves discussion and negotiations between workers and employer regarding the terms of employment and working conditions. The trade union is generally used to represent the workers to...
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For numerous amount of years, people have been compulsive consumers as the economy influenced materialism. Consumerism is the act of advertisements for getting people to buy what they don’t need even though they don’t have money. Materialism is considering materialistic possession for physical comfort instead of spiritual values. Usually, providing dishonest advertising, consumerism tricks shoppers into thinking they have to...
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First, in the US employee satisfaction survey, Costco surpassed Apple, Facebook and inter, second only to the number one Google. The employee satisfaction of retail companies is very difficult to fight, and Costco's employees are more than many top companies in Silicon Valley. According to the survey, a cashier at Costco earned an hourly wage of $20.89. This is almost...
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Modern AI Systems have seen some major advancements and breakthroughs in recent years. However, almost all of them use a bottom-down approach where machines are heavily trained in as many situations as possible to increase accuracy and minimize their margin or error. This is a rather inefficient and at times untrustworthy way to teach machines. This approach requires large amounts...
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As the popular saying goes, if something is too good to be true then it probably is. This perfectly sums up the life and career of Bernie Madoff. At a point, he was one of the most sought-after investment managers in America. The cookie however crumbled in 2008 when it was discovered that he had no genuine investment plan but...
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Sony corporation was founded in 1946 by Masaru Ibuka and Akio Morita. Its first invention was rice cooker which had failed and led to G-TYPE recorder in 1950, it also introduced pocket transistor radio in 1957. A cathode-ray tube was launched on October 15, 1967 which helped them in video innovation. Its headquarters are located in Japan where large parts...
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According to CEO Brian Krzanich, Intel is known for its corporate culture of meritocracy, which considers employee ability and output. This culture differentiates Intel from competitors, maintains a high-end brand, and influences customers and suppliers to adopt technological efficiency in their mindsets. The following are the main characteristics of Intel’s organizational culture: customer orientation, risk taking, discipline, great place to...
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If a man shrinks then the nation will be known for its weakness, but if he strives then the nation will be known for its glory. Theodore Roosevelt was the 26th president of the United States and in 1899, he gave his famous speech ‘The Strenuous Life’. This speech was a collection of Roosevelt’s works and experiences. It talks about...
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Economics is an age-old social science discipline, which basically deals with production, distribution and consumption of goods, services and service delivery and how society can optimally use its limited resources to achieve its goals. The application of economics to health- related issues started around 30 to 40 years ago. Various health problems like increased cigarette smoking habits in young, limited...
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According to the latest Forbes' world ranking of billionaires, Trump has an estimated fortune of $3.1 billion, mostly earned on the back of property, making him the 766th richest person in the world. He also had a successful carrier in the reality TV, the show is called ‘The Apprentice’, and he surprised the world when he won the U.S. presidential...
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According to the Organization for Economic Co-operation & Development’s (OECD) report on the average annual hours actually worked per worker (OECD. Stat, 2019), Korea ranked second from the top with an average of 2,108 hours a year since 2008. This means Korean work 1.3 times more than the OECD average working hours (1,770), and 1.5 times the Germany’s working hours...
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Mystery shoppers are used worldwide by services to evaluate the performance of their front-line employees. An online survey of mystery shoppers compares the reality of the situation with the best practice identified (Dr. Jacqueline Douglas, 2015). It is seen as an efficient and effective instrument to gain in-depth knowledge of the customer’s perception of service delivery (Finn, 2001). When a...
432
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The compensation models used in digital marketing are commonly used online to motivate customers to have a look on the product or brand. The compensation models that I will be outlining are cost per thousand (CPM), cost per click (CPC) and cost per action (CPA). Starting with cost per thousand is one of the most common models for advertising online,...
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Money saving is a habit, a process where we learn to be realistic. It is the most significant start of being practical. One can start save money only she or he has built up a mind set to face the reality or have any idea about currency importance value. Ways can be thousands of saving money. Money saving ways varies...
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Under the case, BBC, a Chemical manufacturing organization built up in 2004 with its registered office situated in Bangalore, managed by Agarwal and Mukesh. They had an open door present to create contracts with Indian Railways, which would empower it to extend its range to different enterprises accessible in the Indian market. Notwithstanding, it was assessed that they were successful...
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Business organizations across the world today are keen to leverage maximum technological advantages and benefits due to the increasing use and applications of modern internet based technologies and devices by consumers globally. Exponential rise in the applications of technology across all industries and societies has revolutionized the way people communicate and think consequently generating a lasting impact on their life...
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Economical term cost-benefit analysis means to evaluate a business activity by calculating the net gain for a company. It generally helps companies to assess whether a decision is appropriate to make monetarily. However, with rising of severe environmental issues in modern world, business activities take certain responsibility of negative impact on environment. That makes people question the validity of traditional...
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Operations and the industry processes and the characteristics of Honda’s market has a several key parts and sectors which are needed to be known like suppliers, marketing channels, competition, market attractiveness, and many other factors. So, the first one will be the suppliers, who is the main suppliers, their number, and what they do. Honda is one of the biggest...
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Google is a well-known company founded in Stanford University by Larry Page and Sergey Brin on September 4th, 1997. They created an online search system that became an international essential for researching. Google is known for its reputation as the worlds largest search engine, a quick and simple cost-free service that appears within seconds. No matter what language you speak...
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Zara is a clothing and accessories retailer based in Spain. The company designs, manufactures, distributes and markets clothing and accessories for both men and women. Its product portfolio includes coat, jeans, knitwear, shirts, t-shirts, shoes, handbags, lower garments, upper garments, coats, jackets, dresses, skirts, trousers, cosmetics and complements. The company markets its products through its brand, Zara. The purpose of...
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Organizations exist to achieve some purpose or goal, someone has to define that purpose or goal and find ways to achieve it. A manager is that someone and does this by planning. Planning includes defining goals, establishing strategy, and developing plans to coordinate activities. Setting goals, establishing strategy, and developing plans ensures that the work to be done is kept...
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Corporate culture refers to the beliefs and behaviours that determine how a company's employees and management interact and handle outside business transactions. Often, corporate culture is implied, not expressly defined, and develops organically over time from the cumulative traits of the people the company hires. A company's culture will be reflected in its dress code, business hours, office setup, employee...
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The share prices of Valeant dropped in just a few weeks from $ 262 to $ 27. This was due to the main reasons – the company's pricing strategy, the company's $ 600 million overestimation of its target earnings and the debt problems. Valeant used a pricing strategy where they increased the prices of the drugs of the acquired company...
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Constituted as an ideal, favorable way of living, the American Dream is achieved through hard work and dedication. Yet, some take diligence and dedication to hard work to an extreme causing them an unhealthy relationship between themselves and their occupation. As Clausen claims, dedication to one’s work proves disadvantageous and creates conflict with other aspects of life, causing one to...
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Improving economic efficiency and effectiveness is one of the priority goals of the leadership of any organization the implementation of which almost always affects the human resource management system. The main functions of management (planning, organization, implementation, motivation, coordination, control) are actually aimed at streamlining and regulating personnel activities, at increasing the efficiency of using human potential through certain methods...
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The reasoning is the process where the information is given and is compared with the known information or knowledge and come up with a reasoned conclusion. Reasoning skills can help in decision making, distinguishing situations and problems solving. To have agents involved in reasoning, they have to equipped with higher-level cognitive functions. For examples, beliefs and goals, actions, perception, plan...
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Balance sheet method is an approach used by salesperson to gain commitment from consumers by telling them to think the pros and cons of all alternative available. It is also called Ben Franklin Method. Make two columns. List all the pros of the alternative in one column and all the cons in another. Then two conditions will arise: Any one...
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The strategy and performance of LEGO® has seen many changes over the years it has been operating. This initially family-run business has gone through major fundamental changes which has allowed it to become one of the largest global toy manufacturers with high quality products and strong customer loyalty. Some key changes over time include changes of focus in strategic management,...
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Google has developed a relaxing working environment for their employees, Googlers. There are a lot of bikes placed around the company so that Googlers can move to and from different offices more easily (Le, 2012). Google also provides cafes, sushi bar, espresso stations, gyms, volleyball courts, shower facilities, swimming pools, massage rooms, gaming facilities and others for employees to use...
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Characteristics of the Park Public park is located in Faisalabad city, and is one of the largest city parks in the middle Punjab, measuring in total just over 686 hectares. Centered on a rock formation called, one of the park's main functions is to be an ecological space in the vast megalopolis. It is considered the first and most important...
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