Introduction to the concept of strategyInitially the video clip discusses about the meaning of strategy in real context that what does it mean and what it is assumed by people. People initiating their business operation think that whatever they are aiming is called their strategy; but none of them can be actually regarded as a strategy, instead they are tactics, goals and objectives which are small components revolving around the strategies of…

Utility-based Theories of Decision MakingTheories of the contribution of the brain in decision making are conventionally derived from the economic theories of decision making criteria. In the expected utility theory options are singled and associated with a numerical value to define its utility before the decision maker goes for the option that maximises utility. From the theory, we can naturally conclude that the brain can estimate the opti…

Recruiting High-Quality Students
The data that your recruiter would gather in this process
To recruit the high-quality students, the recruiter would gather every students basic information such as their name, parents name & background, their age, academic background till date, extra-curriculum activities information, interests or hobbies, internships, social work done, weakness & strengths , motivation sources, future perspective i…

Understanding Spaulding ClassificationSpaulding Classification system is given by Dr.E.H. The medical devices are divided into categories which are based on the risk of infection involved with their use. The three categories which are based on device usage are :
1) Critical Items:  It covers a high risk of infection if they are entering the vascular system so it should be sterile because any microbial contamination can be a cause of tran…

Theories of Business ManagementThe report here deals with some important theories, which are used in organizations to create business model in order to produce the best services. The theorists, mentioned here, are Milton Friedman, Reverend Freeman, Jon Boatright and Michael Jensen. Their theories are both related and contradictory in nature. Friedman talks about profit making in business. Freeman opposes this theory and says that business depe…