For the correctimplementation of the management, it is important to have knowledge of commerce, economics, sociology, psychology, and mathematics. Universal Application Theprinciples of managementcan be applied to all types of organizations irrespective of the nature of tasks that they perform. Essential...
6、sts to explain the nature and limits of firms, The Problem of Social Cost (1960), which suggests that well-defined property rights could overcome the problems of externalities (see Coase theorem). 1991s Nobel Prize Winners in Economics9The Vertical Chain of Production: From Raw Materials to...
Close Sign up for the Nature Briefing newsletter — what matters in science, free to your inbox daily. Email address Sign up I agree my information will be processed in accordance with the Nature and Springer Nature Limited Privacy Policy....
This is because as the time divisions are compressed (i.e., the number of stages grows larger), the discrete time becomes near-continuous in nature. Because neither firm can limit its capacity in the period, then the competition is of the Bertrand type. The reason they cannot limit their ...
For simplicity, we also combined several small country markets into regional destinations (for example, countries such as Hungary, the Czech Republic, Slovakia, and Croatia were consolidated into a formerly Eastern Bloc region). In light of the off-shore nature and special legal tax regime of ...
As a result, based on the authors’ model “competencies-innovations-markets”, it is proved that subject to humanization, the AI economy allows the reduction of the cyclical nature of the world economic system. The main idea of the article is to smooth out Kondratieff’s long waves due to...
Other attributes mentioned by the same authors are: (i) the ability to gain respect of non-family members of the company; (ii) skills in decision-making; (iii) interpersonal skills; (iv) experience; (v) intelligence and (vi) confidence. At the interpersonal level, the nature and type of...
Given the nature of the Pandemic Fund as a potential global institution dedicated to quickly respond to global threats (if given a role for surge funding), experience (from across countries at all income levels [83, 84]) suggests that the Pandemic Fund and the public bodies involved need to...
of their investigation and (ii) the nature of the real options they examine, the approach they use to value risky cash flows, the optimization model they formulate, the type of market price they consider and the model of its risk dynamics they adopt, and the optimization schemes they employ...
By carrying out the socialist revolution in China, they brought to an end several thousand years of feudalism—a system exploitative and repressive by its very nature—and established socialism as China's fundamental political system. In the course of building socialism, they overcame subversion, sab...