Mergers and Acquisitions
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READING REVIEW.Unit 1:¬†The three sectors of the economy- An economic sector¬†is a certain type of business activity within an economy.- There are 3 sectors¬†of the economy:¬†¬†¬†¬†¬†¬†¬†¬†+ The Primary sector: agriculture, the extraction of raw materials from the earth.¬†¬†¬†¬†¬†¬†¬†¬†+ The Secondary sector: manufacturing, transforming, processing,¬†¬†¬†¬†¬†¬†¬†¬†+ The Tertiary sector: commercial services: financing, retailing, distributing,¬†¬†¬†¬†¬†¬†¬†¬†education, health care, leisure, tourism,…- The key point¬†is that most people admit the amazing complexity of the economic infrastructure.Unit 2:¬†Management- Is the mixture¬†of innate qualities and learnable skills and techniques.- Is an action¬†of getting people together to accomplish goals and objectives.- Five actions of a manager:¬†¬†¬†¬†¬†¬†¬†¬†Planning ‚Äď Organizing ‚Äď Staffing ‚Äď Directing ‚Äď Controlling¬†¬†¬†¬†¬†¬†¬†¬†+ Planning (Seting objectives):¬†developing strategies, plans, precise tactics, allocating resources of people and ¬†¬†¬†¬†¬†¬†¬†¬†money.¬†¬†¬†¬†¬†¬†¬†¬†+ Organizing: Analysing and classifying the activities, dividing work into manageable organization and then ¬†¬†¬†¬†¬†¬†¬†¬†into individual jobs.¬†¬†¬†¬†¬†¬†¬†¬†+ Staffing:¬†Putting the right employees into the right positions, right duties, right jobs and supervising the ¬†¬†¬†¬†¬†¬†¬†¬†workd of their subordinates.¬†¬†¬†¬†¬†¬†¬†¬†+ Directing: Measuring the performance of their staffs so that the works can be achieved.¬†¬†¬†¬†¬†¬†¬†¬†+ Controlling:¬†Managing their works and subordinates‚Äô works to check if they are being ¬†¬†¬†¬†¬†¬†¬†¬†done correctly and ¬†¬†¬†¬†¬†¬†¬†¬†developing people, themselves and the staffs.- Three necessary skills:¬†¬†¬†¬†¬†¬†¬†¬†Organizational skill ‚Äď Technical skill ‚Äď Interpersonal skill- Responsibilities of a top manager:¬†¬†¬†¬†¬†¬†¬†¬†+ Consider the need of the future / Set objectives.¬†¬†¬†¬†¬†¬†¬†¬†+ Take responsibilties for innovation.¬†¬†¬†¬†¬†¬†¬†¬†+ Manage a business‚Äôs relations with customers, suppliers, distributors, bankers, investors, neighboring ¬†¬†¬†¬†¬†¬†¬†¬†communities, public authorities, and so on, as well as deal with any major crises which arise.Unit 3:¬†Company structure- Traditional structure: Line, Line ‚Äď staff, Functional.- Divisional: Products (Big company divides it into several parts due to their productions), Market (Areas controlling), Geographic (Different regions).

– Functional organization¬†has two standards criticisms:¬†¬†¬†¬†¬†¬†¬†¬†+ People are usually more concerned with the success of their department than that of the company, so there are permament battles between departments.¬†¬†¬†¬†¬†¬†¬†¬†+ Separating functions is unlikely to encourage innovation.- Matrix management: in which people report to more than one supervisor.Unit 4:¬†Work and motivation- Differences between Theory X and Theory Y:¬†¬†¬†¬†¬†¬†¬†¬†+ Theory X:_ People are lazy and dislike work ._ They have to be both threatened and rewarded ._ People are incapable of taking responsibility for themselves and have to be looked after. ¬†¬†¬†¬†¬†¬†¬†¬†+ Theory Y:¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†_People have psychological need to work and want to achievement and ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†responsibility.- A Hierachy of human needs:¬†¬†¬†¬†¬†¬†¬†¬†Physiological needs ‚Äď Safety needs ‚Äď Social needs ‚Äď Esteem needs – ¬†Self actualization¬†– Two ‚Äď factor theory:¬†¬†¬†¬†¬†¬†¬†¬†+ Hygiene factor: relationship, job secutiry, work condition, salary.¬†¬†¬†¬†¬†¬†¬†¬†+ Motivation:¬†autonomy, achivement, recognition, responsibility, authority.Unit 5:¬†Management and cultural diversity¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬† ¬† Behavior¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†(- Different culture¬†+ Different ethnicity¬†=> Cross Cultural Issues¬†( Attitude¬†¬†¬†¬†¬†¬†¬†¬† ¬†Misunderstanding ¬† ¬† ¬† ¬† Conflicts[pic 1]¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†(¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬† ¬† Language- The concept of Glocalization:¬†¬†¬†¬†¬†¬†¬†¬†+ Invented from Globalization and Localization.¬†¬†¬†¬†¬†¬†¬†¬†+ Be aware of local culture habits.¬†¬†¬†¬†¬†¬†¬†¬†+ Beliefs¬†and principles¬†in each country or market.Unit 6:¬†Recruitment-Indentify vacancy ‚Äď> Job analysis ‚Äď> Advertise the job ‚Äď> Short ‚Äď listed ‚Äď> Interview decision maker- Interview preparation:¬†¬†¬†¬†¬†¬†¬†¬†+ Have breakfast¬†¬†¬†¬†¬†¬†¬†¬†+ Get directions, map.¬†¬†¬†¬†¬†¬†¬†¬†+ Dress for a job interview.¬†¬†¬†¬†¬†¬†¬†¬†+ Create list of skill, qualification.¬†¬†¬†¬†¬†¬†¬†¬†+ Rehearse.¬†¬†¬†¬†¬†¬†¬†¬†+ Research.[pic 2][pic 3][pic 4][pic 5]¬†¬†¬†¬†¬†¬†¬†¬†[pic 6][pic 7][pic 8][pic 9][pic 10][pic 11][pic 12][pic 13][pic 14][pic 15][pic 16][pic 17]

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Sectors Of The Economy And Economic Sector. (April 3, 2021). Retrieved from https://www.freeessays.education/sectors-of-the-economy-and-economic-sector-essay/