One of the fundamental ideas in economics is thata dollar tomorrow is worth less than a dollar today. This seems similar to the saying that a bird in hand is worth two in the bush. A simple example would make this point clear. Suppose a person is offered a choice to make between a g...
Theequimarginal principleis an important idea in the economic subfield of managerial economics. It is otherwise known as the “equal marginal principle” or the “principle of maximum satisfaction.” The equimarginal principle states that consumers choose combinations of various goods in order to achieve...
The promotion of employees and the structure of an organization’s hierarchy should be oriented around each employee’s respective competence and capacity to acquire new skills (and, over the long run, judge the employee’s performance to determine their managerial potential relative to other ...
Fayol's principle of authority contends that while managers have the authority to tell workers what to do, they must also take responsibility for the outcomes. Explore an overview of Jules Henri Fayol's management theories and why the role of authority in management is so important that he ...
Economics 102: Macroeconomics Business 108: Business Ethics Browse by Lessons Impacts of Managerial Communication on Processes & Relationships Managerial Power Theory: Overview Executive Accountability for Customer Experience Product Management & Customer Experience Management: C-Suite Communication Agency Loss: ...
Global warming is one of current various countries widespread matters of concern, but the world economics development to the energy demand continually increase, will cause the environment and the ecology question which the carbon dioxide the withdrawal, the greenhouse gas emissions will bring furthe[tr...
This paper considers a multiperiod economic equilibrium model for deriving the economic premium principle of Bühlmann [Astin Bull. 11 (1980) 52–60; Astin... H Iwaki,M Kijima,Y Morimoto - 《Insurance Mathematics & Economics》 被引量: 53发表: 2004年 AN ECONOMIC PREMIUM PRINCIPLE IN A CONTINUO...
We estimate that the costs of promoting workers with lower managerial potential are high, suggesting either that firms are making inefficient promotion decisions or that the benefits of promotion-based incentives are great enough to justify the costs of managerial mismatch. We find that firms manage...
Stability of tenure of personnel is a principle stating that in order for an organization to run smoothly, personnel (especially managerial personnel) must not frequently enter and exit the organization. Consequently, an organization must take steps to obtain as much stability in its management and ...
Preparing for an organizational change to employee self-management: The managerial transition Describes the challenge for managers facing a transition to self-managing work teams (SMWTs) as stemming managers' perceived threat of loss of power and re... CC Manz,DE Keating,A Donnellon - 《Organizat...