Planning and Budgeting Research Paper Example | Topics and Well Written Essays - 1250 words

Planning and Budgeting - Research Paper Example [4] Under the U.S. Robinson-Patman Act, a manufacturer is not permitted to price-discriminate between two customers if the intent is to lessen or prevent competition for customers. [4] The government sometimes sets up Price Ceilings or Price Floorings to prevent the companies to price their products above or below a certain limit to protect smaller companies. The Sherman Act was designed to protect freedom of competition, thereby freeing prices to fluctuation subject to market forces. [3] All these laws do act as a guide for the companies of how to price their products but in reality it is a hindrance as the companies are not completely free to price their products as they want to. 2. I agree with the statement issued by the manager of the R&D department but there is a way around the problem. It is true that the research and development department only has a vague idea what the end result will be. That is why goals set for the research department are flexible. And based on these flexible goals the expected net present value can be found. The R&D manager can specify a range in which the expected net present value can lie as to give the company some idea how to budget and what to expect. This is the best that is possible since exact values are really difficult to predict. Part Three The company, EVENTIS is an event creator, organizer and manager. It has organized various events in its short history of 8 months and has come to be known as a very competent company. The company's portfolio includes organizing events such as weddings, concerts, gigs, conferences, seminars and the biggest event as yet, the Australian Cultural Festival. In this short span of time, EVENTIS has gathered a force of 400 young, talented and highly...[4] I agree with the statement issued by the manager of the R&D department but there is a way around the problem. It is true that the research and development department only has a vague idea what the end result will be. That is why goals set for the research department are flexible. And based on these flexible goals the expected net present value can be found. The R&D manager can specify a range in which the expected net present value can lie as to give the company some idea how to budget and what to expect. This is the best that is possible since exact values are really difficult to predict. The company, EVENTIS is an event creator, organizer and manager. It has organized various events in its short history of 8 months and has come to be known as a very competent company. The company's portfolio includes organizing events such as weddings, concerts, gigs, conferences, seminars and the biggest event as yet, the Australian Cultural Festival. In this short span of time, EVENTIS has gathered a force of 400 young, talented and highly motivated employees through its friendly and goal oriented work environment. The satisfied customer base is increasing day by day and the future looks bright for EVENTIS at least for the near future. Responsibility centers are those parts of the organization which complement its functions. The business is broken down into different segments which are controlled by different managers.

Human resource Research paper Example | Topics and Well Written Essays - 1750 words

Human resource - Research Paper Example But to most modern organizations, the urge and need to ensure effectiveness and efficiency in human resource management remains a very crucial challenge. Because of this, even though there is the practice of human resource management, this is not done in a very well regulated and coordinated manner that meets the growth and developmental aspiration of the organizations (Pattanayak, 2009). Through various forms of research conducted, the researcher has come to realize that in modern day administration and management of organizations, one element that plays a very key role is the use of information systems. Generally, technology has come to have such an important place in organizational management that the elimination of information systems in the management of organizations means that organizations will be stagnated in their growth and development agenda, just as the absence of an effective and efficient human resource management would lead to. In this research paper therefore, the tw o phenomena of human resource management and information systems are combined into a term that is rapidly gaining grounds in organizational management, which human resource information system. ... ed for them to wholly go about their traditional human resource management roles such as benefit, payroll, and labor productivity management and also undertake various tasks with information technology becomes very challenging, expensive and time consuming. Pattanayak, (2009) however notes that there cannot be an easy way out with the two options, which are human resource management and information technology. To compliment the two independent roles therefore, human resource information system is introduced as a bridging gap that â€Å"seeks to merge the activities associated with human resource management (HRM) and information technology (IT) into one common database through the use of enterprise resource planning (ERP) software† (Business Dictionary, 2013). In a much generalized sense therefore, one may view human resource information system as the role of information technology in human resource management. From a more technical viewpoint however, human resource information system goes beyond the mere use of computers and the internet to make the roles of human resource management easier. Human resource information system actually is an independent phenomenon on its own that seeks not just to use information technology in human resource management but make the combined use of information technology and human resource management easier and accessible. For all organizations who would undertake very proactive research and development to identify the human resource information system needs that they are faced with, the advantage is that they would have an effective and efficient human resource management in place. This is because Stewart (2009) has observed that the merger between human resource management and information technology that is done bring about a less