Modern Business in Comparative Perspective Essay - 11

Modern Business in Comparative Perspective - Essay Example The managerial enterprise concept has been evolved from the â€Å"Theory of Firms† as proposed by Chandler. The theory of firms is linked with various managerial concepts as used in the organisations. The theory is developed with respect to large firms to explain the reason behind success. The Chandler’s model comprises of economic components that explains the causes behind the existence of large managerial enterprises. In order to develop long-term success it is essential to expand organisational capabilities with respect to professional skills. According to the â€Å"Visible hand† concept developed by Chandler the large firms exists because of increased investment in managerial hierarchy of the organisation. Such investments results into productivity gain that in turn results success for the organisation (Bucheli & et. al., 2010). It has been further stated in the theory that managers of an organisation face difficulties in predicting the market demand. The the ory also analyses the natures of investment made by the firms. According to the concept proposed by Chandler the firms should invest in production facilities to exploit the economies of scale. Apart from the need for technological development, it also focussed for the success of the large firms in the long run. A further investment in marketing and distribution of product is essential to raise the volume of sales with respect to the production capacity of the firms. The higher authority of the organisation takes the investment decisions for greater effectiveness.

Solicitor and a barrister Essay Example | Topics and Well Written Essays - 250 words

Solicitor and a barrister - Essay Example ion who specializes in giving professional legal advice, courtroom advocacy, and drafting legal pleadings (School of Law, Queen Mary University of London, 2011). Barristers require specialized skills in certain areas such as analysis and research so that they can be able to speak confidently and be quick to spot key issues. They are mostly found in arguing cases on behalf of clients in ether tribunals or in court. Solicitors on the other hand are more concerned with transactional type of the legal work. Solicitors are generally attorneys to their clients, which mean they have the authority to legally act on behalf of their clients. A solicitor can represent his or her client to the extent of carrying out litigation on their behalf such as making applications to the court or opponents. A barrister however, is forbidden by law to carry out such functions such as litigation, and can only represent clients in court only when instructed by qualified professional client or a solicitor (School of Law, Queen Mary University of London, 2011). An example situation that would require a solicitor is a legal case concerning the custody of a child between divorcee parents. A solicitor in this case is able to directly communicate with the client and the opponent. With such an advantage the solicitor has the power to negotiate on behalf of the client outside the courtroom into an agreement that will favor his client and avoid a hearing in court. For a barrister a good example would be a case where two companies are suing each other a good example is Apple Inc. Company suing Samsung Corporation. Apple Inc. Company will hire a solicitor to represent them in court; however, the solicitor will require the professional skills of a barrister to be able to argue out his case in the