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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1658 |
Essay's paper body
Such competition forces management to pay close attention to profits. In addition, the compensation of management is closely related to profitability. If the organisation have more profit, then management could gained more compensation.
In real world the true profit maximisation is rarely aimed for, achieved or even measured accurately...
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Those factors contributing to such problems are:
? There is a separation of ownership and control.
? Data relating to marginal costs and revenues are inherently inaccurate.
? Organisational objectives are rarely solely to maximise profits.
? There is a choice between short-run and long-run profit maximisation...
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"Human Resource Management advocates the devolution of people management from the Human Resource function to line management. However, research shows that this is difficult to achieve in practice (Gratton et al, 1999.) Discuss why this is the case...
Analyze the forces affecting the Human Resource Management role and discuss the ways in which the roles may change.
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