Last time we started looking at the question of management and wondering what the term actually meant. Then we took a brief look at the concept of scientific management. You remember, we decided it was useful but not enough on its own. So today we’re going to look at another aspect—behavioral management. You may not really have come across this word "behavioral" before, though I’m sure you are familiar with the word "behavior". Behavioral simply means having to do with behavior. And that is our starting point for today : We are going to start by realizing that the activity of any organization is human activity, designed to achieve human goals. So we are really talking about human behavior.Any business concern does two things. First, it provides either goods or services that the customer needs. That is, it either makes things or does things for other people in exchange for money. Second, it provides people with work—and most of us have t
W: Now, Mr. Ross, we were talking last time we met about your ideas about this electronics project.
M: Well, it’s rather a simple project. It would consist of only one production line at the beginning, but we could expand it in time, of course.
W: How much of a financial outlay
M: Including loan I’d say in the area of I million US dollars.
W: I see.
M: How much would China be prepared to invest in this kind of a project if we went ahead, that is
W: As a general practice, we lay out about 51% of the total investment. This includes of course, cash, factory buildings, the right to use the sets, things like that.
M: I suppose we would be responsible for the machinery and other capital equipment. How does one arrive at the true value of the factory buildings
W: Good question. We ascertain such matters through joint assessment. Together we get an impartial assessment of property value.
M: Is there any r
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