Managerial decision making is one of the principal concepts of modern practical management. Effective decision making has a great impact on organizational performance, and there is a great deal of historical episodes, when brilliant strategic managerial decisions helped known successful organizations to survive and avoid bankruptcy. Some management theorists treat the model of decision making as an act of choosing the most attractive solution or decision from a number of alternatives. However, decision making must be understood as a complex step-by-step process, a course of actions which leads to making an effective decision and solving a managerial problem.
Archive for the ‘Business’ Category
Human Resource Management And Personnel Management
October 30th, 2010 
Ann The concepts of Human Resource Management (HRM) and Personnel Management (PM) are considered to be synonymous and many human resource academics agree that the differences between these two management models are rather philosophical than practical. The term PM emerged in the middle of the 20th century though the development of this function of management takes source from so called “welfare offices” that appeared in the end of the 19th century. At that, the concept of HRM came out in the 1980s and was a product of the evolution of personnel management function in modern management.
Read more on Human Resource Management And Personnel Management…
The Team Writing Process: Editing and Proofreading
October 26th, 2010 Ann Editing is a very important part of any writing process, and in terms of team writing, collaborative editing means simultaneous work of all team members on editing the document. In other words, collaborative editing means making changes to the writing by all team members using special collaborative editing tools. One of the most popular strategies of collaborative editing is circulating a copy of the writing and giving opportunity to every team member to study the document and make necessary annotations. On the final stage of the group editing, the team members can meet and discuss all the issues related to editing, or the team leader can make an individual decision about the final version of the writing.
Read more on The Team Writing Process: Editing and Proofreading…
Cultural Practices and Business Etiquette of Asian Countries
August 28th, 2010 Ann 
It is a known fact that social traditions, culture and business etiquette of the Far Eastern and Asian countries are very much distinct from European or American business and cultural customs. That is why it is essential for every Western company or business organization, which is about to start any sort of business cooperation with Far Eastern partners and expand its activities to Asian markets, to pay proper attention on the issues of cross-cultural competence and learn more about social attitudes and approaches, business etiquette and traditions, customs, values, possible communicational challenges, etc.
Read more on Cultural Practices and Business Etiquette of Asian Countries…
Economy Of Argentina And Opportunities For Foreign Investors
August 21st, 2010 Ann Specialists underline that the economy of Argentina has been recently on rise after the recovery from a severe economic crisis of 2001/2002. Over the last 5 years, the country’s GDP growth has been quite high: 9.2% in 2005, 8.6% in 2007 and 6.6% in 2008 (slowed down by the international financial crises). Such progress was achieved at the expense of industrialization, national debt restructuring and flexible fiscal policy of the government. Current GDP (ppp) is 585 billion USD, and GDP per capita is 14,500 USD.
Read more on Economy Of Argentina And Opportunities For Foreign Investors…
Posted in International Business 
Tags: Argentinean economy, Argentinean market, business 
No Comments »
