Robert Maxwell was credited with saying that Accountancy is not the exact science which some of us once thought it was, and in an academic paper, Edey (1989) stated that Accounting reports can provide no more than approximate (rough is a better term) indications of the financial health and state of a business. Profit is…
Category: Management
National Health Service (NHS): A study of its Structure, Funding and Regulation, Strengths and Weaknesses
The National Health Service, which is a government run public health care enterprise, is an important institution in Britain. Both the Tory party and the New Labour Party have competed to claim the NHS as their own and no election campaign in Britain is without numerous references to the benefits offered by the NHS. While…
A comparison of the development strategies of India and China and their rates of poverty reduction
India and China are both touted to be the next economic superpowers. As both countries are home to close to a third of the world’s population, they have enormous human resources with which to capitalize on. Alongside this natural advantage in terms of human resource, the domestic and foreign policies of both nations have been…
Warren Buffett overturns all the main ideas of modern investment theory
Warren Buffett, alongside Benjamin Graham is considered to be the leading gurus of investment strategy. Though Benjamin Graham pioneered the notion of ‘value investing’, it was Buffett who consolidated the theory through repeated application. The consistency with which Buffett’s portfolio out-performed the average market results does prove beyond doubt the veracity of his ideas. His…
To what extent should there be ‘employee voice’ within the workplace?
Introduction: In recent decades the topic of ‘employee voice’ within a business organization has come up for discussion in management literature. At the same time, business analysts have explored in depth various possible distribution of powers within the workplace and the dynamics involved therein. Terms such as ‘involvement’ and ‘participation’ have been elaborated and explained…
The economic and social relations of a globalizing world are creating increasing resemblance between cities
The phenomenon of economic globalization, which took off in the last four decades, has come to define this period in world history. The trading relations between the developed and developing countries reached unprecedented heights during this period. While this boosted the Gross Domestic Products of the involved countries, the distribution of wealth within nations has…
How can Public Relations communications theory help us understand the role of new media
The Public Relations industry, which is an offshoot of the traditional advertising industry, turned into a dominant business institution through the course of the twentieth century. The two countries that pioneered this industry are the United States and the United Kingdom. In the case of the former, Edward Bernays, a nephew of Sigmund Freud, is…
Disaster Management: The cases of Hurricane Katrina, Hurricane Rita and Hurricane Ike
1. How did the flooding affect commodity markets? Describe, in detail, what happened to energy prices. Look at the markets for the following commodities: crude oil, unleaded gas, and natural gas. Does Ike constitute a supply or demand shock? Explain yourself clearly. Hurricane Ike moved inland from the Atlantic Ocean in the second week of…
The relationship between rising affluence and reduction in waste emissions
Rising affluence has been associated with a reduction in the production of waste emissions within the UK. However, the waste emissions associated with the total consumption in the UK have risen. Can both these statements can be true? There is little doubt that contemporary industrial society is increasingly becoming more consumerist. The story of the…
Management Strategy: A case study of Guardian Media Group
News media institutions across the world are always pressed with the two opposing imperatives. On the one hand is the upkeep of brand value through reliable, balanced journalism. On the other hand is the pressure to achieve commercial viability. The news media in the United Kingdom is no exception to this rule. The Guardian Media…