The Need for Corporate Governance

May 29th, 2015
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Arcadia University
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According to Milton Friedman “Corporate governance is to conduct the business in accordance with owner or shareholders desires, which generally will be to make as much money as possible, while conforming to the basic rules of the society embodied in law and local customs”.

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Strategic ManagementIndividual Assignment TopicBusiness ModelSubmit to Assoc. Prof. Porpan Vachajitpan, Ph.D.byKittisup Leungchavaphongse 538 52823 29MABE Part Time 10, Chulalongkorn UniversityBusiness ModelBusiness Model is the plan which implemented by an organization to generate revenue and make a profit from operations. The model describes the rationale of how an organization creates, delivers, and captures value (economic, social, or other forms of value). The process of business model is part of business strategy.In theory and practice the term business model is used for a broad range of informal and formal descriptions to represent core aspects of a business, including purpose, offerings, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies. Hence, it gives a complete picture of an organization from a high-level perspective.A business model draws on a multiple of business subjects, including economics, entrepreneurship, finance, marketing, operations, and strategy. The business model itself is an important determinant of the profits to be made from an innovation. According to the research

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