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Analysis Of Information Cost Incurred In Foreign Exchange Risk Management By Smes, Shyam S. Bhati
Analysis Of Information Cost Incurred In Foreign Exchange Risk Management By Smes, Shyam S. Bhati
Faculty of Commerce - Papers (Archive)
In this study, the theory of Information Cost developed by Casson (1995) is used to explain the various intormatlOn cost associated with foreign exchange risk management by SMEs. From the application of Casson's theory, 1t 1S concluded that the SMEs incur maximum cost in collecting, communicating and synthesising information while managing foreign exchange risk. Also, the SMEs do not seem to have the potential to reduce these information costs because of ,their limited bargaining capacity in relation to service provIders. As such, SMEs would fit the description of "optimal" organisation as defined by Casson (1995) due to the trade-offmade by …
Competencies: A New Sector, Tony Kiely, Monica Brophy
Competencies: A New Sector, Tony Kiely, Monica Brophy
Articles
Outlines the processes involved in the development of a competency based framework for use by middle managers of three-star Irish hotels within rooms division and the food and beverage department. Secondary research provides an overview of existing generic competency models. Competency models and frameworks have been applied and customised across a broad range of industry sectors. Seeks to address the need for an innovative and fresh approach to HRM within the Irish hotel sector. The primary research is conducted among three-star hotels nation wide, giving equal representation to all regions of Ireland. Job analysis techniques are used as the basis …