The Firm

community related to the firm, such as: philanthropic behavior, human rights and intellectual capital (Hubbard, 2009). The “Triple Bottom Line” is now a commonly used framework for scholars who try to extent the literature on CSR (Van Marrewijk, 2003). Today, scholars try to explain why some firms are more social responsible than others. One of the most commonly researched determinants of CSR succession is ownership (e.g. Dam & Scholtens, 2012), especially the comparison of family firm ownership versus non-family

economics specialist at UCLA. In addition to giving a brief background on Just-In-Time inventory system’s benefits, the article’s main focus is the risks that JIT systems face. Just-In-Time inventory (JIT) is part of a production system whereby a firm vastly reduces inventory from its production processes so that utilization of production inputs and delivery of finished products are accomplished without incurring significant holding costs. While JIT inventory systems are quite attractive for this

The fundamental accounting principle that firms are compelled to follow when presenting their performances of a certain period is based on earnings, not realised cash flows. That is, recording a transaction as it happens regardless of the collection of cash which involved in it (Marshall, McManus & Viele, 2014, p.18). The notions that the use of accrual accounting in measuring a firm’s performance would provide higher quality and accuracy than cash-flow accounting is addressed by Financial Accounting

SIZE OF THE FIRM: The size of a firm can be calculated in terms of its market coverage, the number of capital invested in it, the type of technology used, the number of employees it has etc (Pandey, 2005). Size influence a company’s marketing capabilities, needs, attitude, practices etc. which are important causes of firms’ profitability and success (Dean et al., 2000). The larger the firm, the more beneficial it will be in terms of obtaining resources. A large firm will have higher economies

technology firms providing the data. These agreements prevent small investment funds and

well-established base of clients with its consulting relationship, developing intellectual property it could sell to those clients and use to build out its client rolodex will serve to improve the notoriety of the firm. In addition to the profitability this model provides, it gives the firm a reputation for being a thought leader in the industry and could increase client pull if executed successfully. Cons Dilutes brand with possibly inferior work product. The downside to acquiring talent in an

predicament because the consumers of the organization will not have an understanding of the firms core competencies. Incorporating to many strategies as seen from a cost perspective, is not a sound solution for any organization to engage upon. That’s due to the rise in cost will negatively impact value created, by suddenly limiting it. Also, not differentiating between products will cause a

the effective working of the organization. An organization with good human resources and its effective management forms an effective organization. The article tries to find the relationship between effective human resources and the performance of the firm. The company

have produced an entire product. The company is more efficient, and as a result, their average costs are lower with a high level of output. The division of labor is therefore an important source of economies of scale. The division of labor enables the firm to produce more units of output, have lower average costs, and therefore have a higher profit margin. All these components

Business Objectives and Stakeholders · The objectives of a firm means the goals of the business i.e. what the business wants to achieve. · The objectives of business organisations will be shaped by the various stakeholders in the business. Those with the most influence will tend to set the objectives. · It is important for a business to have well defined objectives. These will help the business to be clear about what it wants to achieve. · For example