Bolaven Farms’ mission statement is “Growing the finest coffee is our passion. Restoring land ownership to the joy of the farming poor is our desire”. Its main purpose is to alleviate poverty and to produce premium organic coffee. Once earning the initial investment‚ its aim to reinvest 80% of its profit for community development sort of makes it a social business. SWOT Analysis of Bolaven Farm: Strength: Cheap labor‚ business with social cause‚ premium grade coffee‚ organic certified coffee‚ 75%
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[NOVEMBER The Nature of the Firm By R. H. COASE ECONOMIC theory has suffered in the past from a failure to state clearly its assumptions. Economists in building up a theory have often omitted to examine the foundations on which it was erected. This examination is‚ however‚ essential not only to prevent the misunderstanding and needless controversy which arise from a lack of knowledge of the assumptions on which a theory is based‚ but also because of the extreme importance for economics of
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for which motivation is a key factor. A motivated workforce results in a job being done excellently which can therefore yield higher profits for the company. This illustrates why motivation is considered to be highly important and most companies are trying to focus on how to get their employees motivated. In addition‚ motivation is also important because it has a strong positive effect on job performance which increases self efficacy and therefore leads to a job well done. Motivation can be achieved
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Firms did not flourish until the early 20th century. They emerged as an authorized structure and were granted exclusive rights to trade and conduct business in certain markets and products. The fact that firms are a different way to organize economic activities cannot explain explicitly and adequately the reason of firm formation. Many socialists and economists have given their interpretations of the conditions under which firms emerged and developed in certain ways in a specialised exchange economy
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CVP Analysis | The CVP analysis helps in taking more than one decisions in a firm. How would you substantiate this statement for a unit under expansion phase | | Abstract Companies commonly face major uncertainties in their product markets‚ particularly in the manufacturing industry where competition is often fierce and consumer tastes change rapidly. Managers need to estimate future revenues‚ costs‚ and profits to help them plan and monitor operations and to decide the mix and volumes of goods
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Do All Carrots Look The Same? Examining the Impact of Culture on Employee Motivation by Justine Di Cesare and Golnaz Sadri Introduction Motivation is fundamental to human behaviour. Bartol and Martin (1998) define motivation as the force that energises behaviour‚ gives direction to behaviour‚ and underlies the tendency to persist. Similarly‚ Greenberg and Baron (1997) define motivation as “the set of processes that arouse‚ direct‚ and maintain human behaviour toward attaining some goal”
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A. FIRM AND ITS OBJECTIVE: Conventional theory of firm assumes profit maximization is the sole objective of business firms. But recent researches on this issue reveal that the objectives the firms pursue are more than one. Some important objectives‚ other than profit maximization are: (a) Maximization of the sales revenue (b) Maximization of firm’s growth rate (c) Maximization of Managers utility function (d) Making satisfactory rate of Profit (e) Long run Survival of the firm (f) Entry-prevention
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Motivation is the process of stimulating people to act in ways which serve the needs of the organization providing the stimulus. Simply put‚ motivation is discovering and applying whatever is needed to get the employee to carry out designated activities in specified ways. However‚ a clear distinction is made between attitude‚ which is a state of mind‚ and behavior‚ which is a state of action. A milestone in the relationship between the behavioral scientist and the manager was the "Hawthorne Experiments"
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Westward Expansion before 19th Century American history was powerfully influenced throughout the 19th century by the steady push west and the development of the Western frontier. This began of course with the establishment of the first English colonies beginning with Jamestown (1607). At the time the Western Frontier was just a few miles up the James River. Gradually the Western Frontier was seen as the Appalachian Mountains. The British effort to close off the land beyond the Appalachians was one
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According to Lockley (2012) offering training and development programs that effectively contributes to personal and professional growth of individuals is another effective employee motivation strategy. At the same time‚ Lockley (2012) warns that in order for motivational aspects of training and development initiatives to be increased‚ ideally they need to be devised and implemented by a third party with relevant competency and experience. Alternative working patterns such as job-rotating‚ job-sharing
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