Organizational Structure and Principles
Organization
Organization involves the identification and classification of required activities, grouping activities to meet goals, assigning activity groups to an administrator, and establishing horizontal and vertical coordination.
Principles of Organization
- Principle of Specialization: The organization is based on the division of labor, leading to specialization, which increases the quantity and quality of work.
- Functional Definition Principle: Each person’s work, body, and relationships of authority
EU Business and Multinational Corporations: Advantages and Challenges
The Business and the EU:
Economic and social cohesion is especially key to the redistribution of wealth in the community, promoting overall development, especially in disadvantaged countries economically. Furthermore, the latest matches directly to the EU legislation enshrines the following freedoms:
- Freedom of Establishment: Businesses of the Member States are entitled to be provided in the EU state that is more convenient.
- Freedom to Practice: Practitioners can perform their activity in any Member
Optimizing Retail Space: Gondola Placement & Merchandising Strategies
Gondola Placement Criteria
- Dimensions: Consider the size of streets and alleyways. Usually, a counter-clockwise flow is preferred.
- Corners are often “cold” spots.
Linear Space Optimization
The goal is a successful commercial rollout, limited by three key parameters:
- Sales Area Imperatives: Adapt to the demands of the sales area.
- Customer Circulation: Maximize the area customers traverse.
- Minimize Dwell Time: Encourage quick purchases and efficient customer turnover.
Key considerations include entry and
Read MoreMaster Production Schedule (MPS): Objectives, Functions, and Inputs
Master Production Schedule (MPS)
Objectives, functions, inputs, and guidance from the MPS.
Functions of MPS
- Translate aggregate plans into specific items.
- Evaluate alternative programs.
- Generate capacity requirements.
- Facilitate information processing.
- Maintain valid priorities.
- Utilize capacity effectively.
Definition of MPS
Sets the quantity of each article to be produced, to be completed per week, in a short horizon planning. The range of the articles allows them to be sent to the client or stored as finished
Read MoreCentral Banks: Roles of the Bank of Spain & ECB in Monetary Policy
The Bank of Spain and the European Central Bank
The central bank in Spain is the Bank of Spain, which oversees the banking system and regulates the money supply in the economy.
Functions of the Bank of Spain
The Bank of Spain has specific functions and responsibilities as a member of the European System of Central Banks (ESCB).
Specific Functions:
- Save and manage foreign exchange reserves and precious metals not transferred to the European Central Bank.
- Supervise the operation of credit entities and financial
Business Location, Size, and Growth Strategies
Business Location
Concept and Target Location
Concept: The place chosen by the employer to locate physically productive activity. This is a major strategic decision in the field, a productive and long-term decision.
Objective: To minimize costs and maximize profitability through commercial and industrial location choices.
Centralization and Decentralization
Concentrating everything in one place or deconcentrating it into various units of lower size. Decentering types include:
- Horizontal: Several plants