2.5 Looking ahead: understanding economic change

Section 2 has looked at different ways of understanding the new economy, of understanding what is actually happening.

Question 1

Look back over the different understandings of the new economy. Is there really a new economy – jus
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Activity 10: Critical reflections on Hofstede

Allow 60 minutes for this activity.

You have spent most of this unit working with Hofstede's ideas. He is one of the pioneers of the study of national culture and its impact on organisations, and his work has been very influential.

My aim so far has been to help you understand Hofstede's cultural dimensions and to become familiar with how they can be used to analyse one of the main environments within which organisations operate. National culture is also one of the factors
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Financial strategy and private finance initiative
Does a hospital have to be owned and managed by the same sector that provides its services? In the early 1990s, the Private Finance Initiative was the Treasury's brainwave to provide the public sector with better value for money. Designed to fund public infrastructure such as hospitals, roads and accommodation through private money from consortiums, these contentious schemes indicated a radical cultural shift towards outsourcing. The 13 video tracks in this album introduce the complexities invo
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Acknowledgements

The content acknowledged below is Proprietary (see terms and conditions) and is used under licence.

Grateful acknowledgement is made to the following sources for permission to reproduce material in this course:

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3.4 Pharmaceuticals for mental health: a brief history

The ‘revolution’ in drug therapy is widely credited with causing the mass closure of psychiatric hospitals in the 1950s and 1960s, meaning that patients who had previously been considered too much of a danger to themselves or others could be safely housed ‘in the community’ as long as they took the medication. However, the trend for a reduction in numbers was already evident at the time the drugs in question began to be available, and academics such as Joan Busfield and Andrew Scull a
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Capacities for managing development
The way forests around the world are managed is undergoing radical change. In the UK, local communities are buying forested land, to preserve forests for the greater benefit of society. In the developing world, forestry commissions are actively empowering villagers to engage in forest management and conservation. The video tracks on this album use case studies in the UK and in India to illustrate ways in which forest management is changing, and how such changes can be implemented. To complete th
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2.6 Conclusion

This section has considered the reasons for different systems of accounting regulation in more detail. A number of factors external to accounting (e.g. the legal system and so-called ‘accidents of history’) have been important in shaping accounting regulations differently from one jurisdiction to another. The contingent model of accounting change provides an explanation of how accounting regulation continues to evolve and how dealing with one issue can have unintended consequences, leadin
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Learning outcomes

After studying this course you should be able to:

  • define ‘operations’ and ‘operations management’

  • identify the roles and responsibilities of operations managers in different organisational contexts

  • identify the operations management aspects of your own work

  • apply the ‘transformation model’ to identify the inputs, transformation processes and outputs of an organisation

  • identify the operational and administrat
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1.1.1 Noms de rues

As you noticed on the town plan, street names in France and other French-speaking countries often commemorate famous people and historical events. In most French towns, you will find, for instance, rue/avenue/place/boulevard du Général de Gaulle or de la République or du 14 juillet (anniversary of the storming of the Bastille, which started the French Revolution).

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3 Governance, policy and action

It was noted earlier in this course that the models you would meet are both descriptive/explanatory and normative. In Section 2 they were used as explanatory tools to illuminate different possible causes as to why change might not happen in the ways that policy makers intended. This might be viewed as failure, or it might signify the system adapting to circumstances that were not covered by the original policy. In other words, not all implementation failure is necessarily a policy failure: po
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4.8 Interlude – diagrams

Some types of visual information can be represented more economically than in a bitmap. Consider the rather pointless little diagram shown in Figure 21.


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Tower Poetry 2014: Bat Child Found!
Third Prize winner of the 2014 Tower Poetry competition, Masha Voyles, reads her poem, 'Bat Child Found!'
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2.4.1 From Heidegger to knowledge technologies

Because each transformation from one ‘knowledge state’ to another (Figure 2) is an act of interpretation, there is no such thing as objective knowledge representation, or indeed objective classification or codification of any sort (in software or any other medium): there is always a viewpoint. This leads to the view that information and communication systems cannot be thought of as neutral; in their formal structures and operations they embody the goals and perspectives of their developer
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4.2 Capitalism – naturally

Business can learn to integrate ecological thinking into the core of its thinking and become the hub of a sustainable society. This is the claim of the business learns position. As environmentalists have spent over 30 years portraying business as the arch-villain of the piece, this is a grand claim. One of the people who have stated it most clearly is Ray Anderson, head of the US carpet giant Interface (Author(s): The Open University

Introduction to linear equations and matrices
In this free course, matrices are used as a concise way of representing systems of linear equations which occur frequently in mathematics. Section 1 looks at simultaneous linear equations in two and three unknowns and then generalises the ideas to systems of linear equations. Section 2 develops a strategy for solving systems of linear equations. Section 3 looks at the algebra of matrices and shows that matrices can be thought of as a generalisation of vectors. Section 4 introduces the inverse of
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References

Canetti, E. (1962 edn) Crowds and Power, Harmondsworth, Penguin.
Foner, P.S. (1977) History of the Labor Movement in the United States, vol. 3, New York, International Publications.
Koebner, R. and Schmidt, H.D. (1964) Imperialism: The Story and Significance of a Political Word, 1840–1950, Cambridge University Press.
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MIT Museum Second Friday - Ge Wang and Eran Egozy (3)
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1 Technological advancement

Everything that can be invented has been invented.

(The Commissioner of the United States Office of Patents, 1899, recommending that his office be abolished, quoted in The Economist, 2000, p. 5)

There is nothing now to be foreseen which can prevent the United States from enjoying an era of business prosperity which is entirely
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1.1 Policy delivery

The question of policy delivery seems to be growing in importance. So, for example, the Blair governments in the UK were, from the outset, preoccupied with ‘delivery, delivery, delivery’ as ministers and prime minister grew increasingly frustrated with what was often viewed as the intransigence of public service professionals. The constant cycle of change, in which new policies and initiatives were introduced in rapid succession, producing what critics described as ‘policy overload’ o
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Spanish Vocab Builder #28 - Music
Learn Mexican Spanish with SpanishPod101.com ! Our Mexican Spanish vocabulary lists are listener favorites, and now we’ve made it even better! In each lesson, you’ll hear the Mexican Spanish words and phrases from the Mexican Spanish vocabulary lists. Join us for Mexican Spanish Vocab Builder! In this lesson, you’ll learn words and phrases for Music. Click [...]
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