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Rural entrepreneurship in Wales
What are the important issues to consider when starting up or running a small business in a rural environment? This free course, Rural entrepreneurship in Wales, will introduce you to some concepts and models that will help you work out what you want to do with your business idea and to consider the impact of living in a rural location.   First published on Wed, 0
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Understanding and managing risk
This free course, Understanding and managing risk, provides an introduction to financial risk management. The processes of risk identification, risk measurement and risk management are explored. The course then goes on to examine reputational risk and operational risk. It concludes with an examination of the subject of behavioural finance and what this can contribute to our understanding of risk taking and risk management. Author(s): Creator not set

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Marketing in the 21st Century
This free course, Marketing in the 21st century, offers a managerial perspective on how to deliver more effective marketing in an organisation, regardless of whether it is based in the private, public or non-profit sector. This is achieved through a variety of learning techniques, including case studies, videos, activities and group discussions. Supporting this learning, students are encouraged to become critical thinkers about both how they undertake their own decisions, as well as how marketin
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Liquidity management
In this free course you will focus on liquidity management, one of the fundamental aspects relating to risk management that has come under intense scrutiny in the past few years. First published on Thu, 20 Oct 2016 as Liquidity management. To find out more visit The Open University'
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Seeing institutions in different ways
To help you to understand the complexity of institutional development, this free course, Seeing institutions in different ways, will present institutions in three key ways: as rules and norms, as meanings and values and as big players. The rules govern social life and the norms establish how people should behave, while institutional development is about changing the rules. Meanings help people make sense of their lives and values indicate what is good or bad, while institutional development brin
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Managing my financial journey
This free course, Managing my financial journey, explores the history of the financial services industry in the UK and its transformation following the global financial crisis. The institutional landscape following the crisis, recent developments to financial products and the regulation of the industry are examined. First published on Mon, 26 Jun 2017 as
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Introduction to operations management
This free course, Introduction to operations management, will introduce you to the role of operations management in organisations, and gives you the opportunity to understand what an operations manager does. It looks at how the role might influence the short- and long-term success of the organisation. It is important to develop a clear understanding of the impact of good and bad operations management practice on the performance of an organisation as a whole. Author(s): Creator not set

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1.7 Taxation

Another function of accounting is to provide the basis on which tax is measured. The link between taxation and financial reporting is stronger in some countries than others, and is typically much more pronounced in the accounting of owner-managed business than multinational groups. However, the tax issue can be a very significant shaper of accounting measurement. The relationship between tax and accounting is, like so many things, partly the result of an accident of history. In commercial cod
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1.4 Information for investors

The next major evolution in accounting was the impact of the Industrial Revolution, when, in the nineteenth century, much of the infrastructure of financial reporting as we now know it was laid down. The special impact of the Industrial Revolution on accounting sprang from the change in the size of the average business and the capital necessary. Before the revolution, businesses were small scale, involving one owner or a partnership, liability was unlimited and the distinction between the own
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1.1 Reporting international financial information

This course is not concerned with how accounting information is captured or stored, nor how it is used internally within an international group, although those are certainly significant issues, but rather with how public financial statements are prepared, audited and used. Essentially, we are dealing with how reports on a company's financial situation are compiled for external purposes and how that compilation is constrained and shaped. Reporting rules are not exactly the same in any two coun
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Keep on learning

Study another free course

There are more than 800 courses on OpenLearn for you to
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4.2.7 Implementing the solution

Getting agreement will not in itself ensure effective implementation. An action plan is needed, to set out exactly what each person now has to do. Your adjusted project plan (especially the critical path diagram and Gantt chart) and observation of what is happening should enable you to monitor how the recommended actions are being carried out.

In Example 8 the leader of a children and families team describes how they tackled a quality problem as part of a project to improve the process
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4.2.3 Restating the problem

If your analysis of the problem and its possible causes is thorough, it should enable you to rewrite the problem statement to include the causes. If you can clarify your objective by defining a desired end-state, you are more likely to produce a good solution.


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4.2.2 Identifying possible causes

The possible causes of a problem can be written onto Post-it notes or similar, and arranged on a flipchart or whiteboard in the form of a ‘fishbone diagram’. This can be a useful method to help a group to examine causes of problems, and perhaps also to clarify your own thoughts. Figure 4 shows a fishbone diagram prod
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3.2 Communicating with the project team and other stakeholders

In project management, the quality of communication can make the difference between achieving your objectives and falling short of them. Projects often fail not because of problems with the work itself, but because the people involved are not working together effectively.

Project managers communicate in diverse ways: face-to-face or by telephone, in written and electronic forms, through presentations and reports. The purpose of communication is primarily to explain to others what has be
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2.2.2 Milestones

Milestones are measuring points that are used in reviewing the progress of a project. Milestones can be set in different ways, to reflect different purposes. For example, milestones are often used to provide an agenda for regular meetings which review the project. These reviews should take place, weekly, monthly or quarterly, depending on the nature of the project.

Another approach is to set the milestones to reflect key phases of the project. Sometimes such milestones are established i
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1.7 Monitoring equity performance

For those equities in issue their current market value and some indicators of their performance are provided in the daily press. Table 3 shows the closing levels and the volume of shares traded in respect of a selection of companies on the London, New York, Frankfurt and Tokyo Stock Exchanges on 7 June 2005.

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4 Conclusion

The primary thrust of this course has been to emphasise the need for all organisations to acknowledge the influence of their environments and, in turn, the impact of organisations on their context. We have argued that the commercial environment is characterised primarily by the growing trend toward globalisation. To a much greater extent than ever before we live in a global village where goods and services will be produced wherever they can be provided at the least cost. Consumers in the West
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3.1 Codes of conduct

One of the principles of the European Union Emissions Trading System discussed by Schultz and Williamson (2005) is that an organisation accepts responsibility for the performance of their suppliers. In an age where multinational corporations are able to reduce the production costs of their goods and services by offshoring it to whoever can meet the specification at the lowest cost, what responsibility do they have for the conditions under which production actually occurs?

One of the fir
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