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Saturday, 29 October 2011

Buffer Stock Video

Hi everyone, so there is a great video on buffer stocks here, explaining clearly how the buffer stock scheme works.

Link here.

This guy is absolutely amazing, so do check out his other videos!

The break

I apologise that the site has been inactive of the past week or so. I have been busy recently so unable to have posted new resources. Please subscribe so you receive the latest updates!

P.K

Satisficing

Relating to organisational theories and growth of firms, satisficing means achieving minimum targets that are acceptable and satisfactory to all stakeholders that make up the firm, managers, shareholders...etc. 

Requires compromising

Helps resolve the conflicts that form between shareholders' and managers' objectives