Management appreciation Essay Example | Topics and Well Written Essays - 1250 words

Management appreciation - Essay Example Is a forecasting tool that is used to comprehend the Strengths of a particular organization its Weaknesses, Opportunities, and involved Threats (BHC 1999). It includes identifying the objective of that particular business or organization and specifying the internal and external aspects that are supportive or unfavorable towards achieving that objective. SWOT is also used during the process of strategic planning. Strengths, Weaknesses, Opportunities, Threats make up the acronym SWOT (Austrainer 1999). The SWOT Matrix Model at first sight this might look like a simple and easy model to apply, but to do an effective and meaningful SWOT analysis, one requires time and a significant input and requires teamwork since it cannot be done by just one person effectively (PMI- Plus, Minus, Interesting 1999). The decisions of managers of any business are affected by various macro environmental factors. PESTEL analysis describes suitable framework of these factors to be used in the environmental scanning section of strategic management (Havergal & Edmonstone 1999). PESTEL is an acronym for political, economic, social, technological, and legal analysis. These factors can be categorized into: Political factors, economic factors, Social factors, technological factors, environmental factors and legal factors: An executive assistant is the epicenter of a number of managerial duties that fall under the senior management executives. His/her duties include managing a wide range of administrative tasks such as; scheduling, prioritizing of tasks, representative of the executive, executes the executive’s instructions among others (Parkinson 1993). SWOT and PESTEL techniques help the executive assistant to come up with useful procedure for evaluating the environmental forces on the team or an organization (Boone & Kurtz 1992). It also helps in researching information for future predictions revolving

Diversity of Islamic ruling in the Practice of Islamic Finance Essay

Diversity of Islamic ruling in the Practice of Islamic Finance Industry - Essay Example Comparative Analysis on the Sources of Islamic Sharia The Islamic law governs the religious sector, the social aspects, and also the financial as well as economic aspects of the Muslim society. The Sharia is wide and was made on the basis of the life of Prophet Mohammed by the Muslim scholars. The Islamic law influences the legal code in the Muslim communities. This is a set of laws and also regulations that are put to rule the Islamic countries. The sharia law applies in the areas like custody, the personal status including marriages and divorces, inheritances, and the economy of the Islamic society (Letha 2011). The word sharia further means ‘path’ in the Islamic community. It means the set guidelines that rule all the areas of a Muslim individual. This includes the daily routine of an individual, the religious sector, and also the financial aspects of the Muslim society. The laws are from the life experiences and lessons, teachings, and practices of the prophet Mohammed. The past and the current Muslim community apply th ese precedents and the analogy from the book to address issues that affect the Islamic society (Johnson & Vriens 2011). The law developed from the prophet who acted as a role model for the Muslim community. The Muslim scholars developed also the ‘hadith.’ This sharia law is currently used by the population in the north and west parts of Africa and also on the eastern parts of china (Johnson & Vriens 2011).... The sharia law applies in the areas like custody, the personal status including marriages and divorces, inheritances, and the economy of the Islamic society (Letha 2011). The word sharia further means ‘path’ in the Islamic community. It means the set guidelines that rule all the areas of a Muslim individual. This includes the daily routine of an individual, the religious sector, and also the financial aspects of the Muslim society. The laws are from the life experiences and lessons, teachings, and practices of the prophet Mohammed. The past and the current Muslim community apply these precedents and the analogy from the book to address issues that affect the Islamic society (Johnson & Vriens 2011). The law developed from the prophet who acted as a role model for the Muslim community. The Muslim scholars developed also the ‘hadith.’ This sharia law is currently used by the population in the north and west parts of Africa and also on the eastern parts of china (Johnson & Vriens 2011). The Quran contains a compilation of the life and the practices of prophet Mohammed. Islamic law is also referred to as the Sharia in the Arabic and in the Muslim community. It is regarded as a deep and also a rich form of intellectual tradition. The Islamic law is replete with well-developing schools of thought. The tradition encompasses scholarly tomes and detail analysis with principles, texts, and other proofs. The Islamic jurisprudence in Arabic is fiqh, from understanding. It signifies the efforts of legal specialists to interpret the Sharia and apply it to particular human circumstances. A train expiry in jurisprudence is referred to as a faqih and is often when addressing the faqih it goes with the honorific