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 – Organizing – Staffing – Directing – 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’ works to check if they are being         done correctly and         developing people, themselves and the staffs.- Three necessary skills:        Organizational skill – Technical skill – Interpersonal skill- Responsibilities of a top manager:        + Consider the need of the future / Set objectives.        + Take responsibilties for innovation.        + Manage a business’s 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 – 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 – Safety needs – Social needs – Esteem needs –  Self actualization – Two – 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 –> Job analysis –> Advertise the job –> Short – listed –> 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/