Purpose – The purpose of this paper is to integrate Modigliani-Miller (MM) theory and stock repurchases strategy to procure a practical concept for capital decision. Design/methodology/approach – No-arbitrage proof model deduction was used in this study. The authors consider corporate tax...

Discusses the strategic and political issues associated with Accreditation of Prior Learning (APL) in consideration of its potential contribution to the staff, curriculum and organizational development activities of business schools. In recognizing that APL is not an autonomous process but an...

The need for managers to develop a vision for their unit/ organization is increasingly viewed as a vital part of their role. Argues that vision provides direction and offers a sense of purpose for employees. Visions can be realized through the development and operation of a value base. Values...

Suggests that outdoor activities should be part of a training programme as, by using practical activities which emphasize process rather than task, people consider parallel situations at work and become more motivated to change their approach to different jobs. This flexibility can be cost...