• Login
    View Item 
    •   MUT Research Archive
    • Books and Book Chapters
    • School of Tourism and Hospitality Management (BC)
    • Books & Book Chapters (THM)
    • View Item
    •   MUT Research Archive
    • Books and Book Chapters
    • School of Tourism and Hospitality Management (BC)
    • Books & Book Chapters (THM)
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    BUSINESS ECONOMICS AND MANAGERIAL DECISION MAKING

    Thumbnail
    View/Open
    Business Economic and Decision Making (2005).pdf (4.369Mb)
    Date
    2015-11-05
    Author
    Trefor, Jones
    Metadata
    Show full item record
    Abstract
    Firms are major economic institutions in market economies. They come in all shapes and sizes, but have the following common characteristics: g Owners. g Managers. g Objectives. g Apoolofresources(labour,physicalcapital,¢nancialcapitalandlearnedskillsand competences) to be allocated roles by managers. g Administrative or organizational structures through which production is organized. g Performance assessment by owners, managers and other stakeholders. Whatever its size, a ¢rm is owned by someone or some group of individuals or organiza-tions. These are termedshareholdersand they are able to determine the objectives and activities of the ¢rm. They also appoint the senior managers who will make day-to-day decisions. The owners bear the risks associated with operating the ¢rm and have the right to receive the residual income or pro¢ts. Whereownershiprights are dispersed, controlof the ¢rm may not lie with the shareholders but with senior managers. This divorce between ownership and control and its implication for the operation and performance of the ¢rm is at the centre of many of the issues dealt with in this book.
    URI
    http://hdl.handle.net/123456789/38
    https://www.amazon.com/Business-Economics-Managerial-Decision-Making/dp/0471486744
    Collections
    • Books & Book Chapters (THM) [24]

    MUT Library copyright © 2017-2024  MUT Library Website
    Contact Us | Send Feedback
     

     

    Browse

    All of Research ArchiveCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    LoginRegister

    MUT Library copyright © 2017-2024  MUT Library Website
    Contact Us | Send Feedback