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On July 2, 2008, Go Go Incorporated acquired 90 percent of the outstanding stock of Medioker Industries in exchange for 2,000 shares of its own stock. Go Go Incorporated has a reputation as a “high-flier” company that commands a high price-to-earnings ratio because its management team works wonders in improving the performance of ailing companies.
The paper will suppose that Dell Computer has been using a traditional costing system but has decided to adopt ABC with the expectation that it would produce more accurate product cost calculations. To management’s surprise, the new ABC costs were not significantly different from the old product costs using traditional costing methods.
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The author of the paper will begin with the statement that John Snyder was excited to learn of his appointment as Circuit Electronics Corporation's new vendor sales representative to Household Appliance, Inc. For the past four years, Circuit Electronics has supplied all the electric switches used in Household washers and dryers.
In every state but Montana, employers are free to adopt at-will employment policies, and many of them have. In fact, unless your employer gives some clear indication that it will only fire employees for good cause, the law presumes that you are employed at-will” (Employment At Will: What Does It Mean?)
A corporation usually finds it tough to have a clear-cut balance between the profits and the aspect of social responsibility that it has to plunge into, for all the right reasons. The corporations are hugely dependent on the element of making a profit and thus fall short on the count of being socially active and playing a responsive role, much to the disliking of the stakeholders.
Even if the management forces them to take dire steps suddenly, they should use diplomacy with every situation and employee and know how to get the best of both worlds. Instead of being harsh, he should be tactful in dealing with them without upsetting a peaceful situation and try to bring about harmony instead of instigating them.
The personal feelings and effects could mean that the firm might lose out on its intended mission and the business would become a hub of personal influences and attachment. Ethically, this mars the very basis of having an organization as it relies on the overall commitment of employees towards the work domains and not their respective feelings and sentiments at the workplace (Cooper, 2001).
Leadership quality is one of the most fundamental factors in determining the survival and success of organizations, groups, and society. This has enabled great leaders such as George Washington to defeat better equipped and English forces. It has enabled Henry the Fifth along with his hungry and disease-ridden to win the most stunning victory over the army of 45000 of France at Agincourt.
In many countries, collective bargaining is the process by which unions and the employees’ representatives meet and bargain a new contract concerning labor. Although in many countries collective bargaining has a deeper legal implication, in a general sense it is the coming together of the employees to negotiate the terms of their employment with the employer.
In simplest of terms, Agency problems can be defined as the problems that arise due to the differences in the interest of the firm’s owner and managers. In large companies, managers are hired as agents on behalf of the owners. There is a good possibility that the managers may not act in the best interest of the owners. This leads to agency problems.
The four managerial functions which these control mechanisms assist are planning, organizing, directing, and controlling. Bureaucratic control helps the company deal with external stakeholders. The top managers of the company utilize their power to arrange deals in foreign nations in order to establish alliances with governmental officials as well as business partners overseas.
In our society, one would call a person who discerns and acts on what they have witnessed or experienced a “snitch”. Many times in the justice arena a person who has witnessed a crime or an altercation definitely could inform at personal cost—whether jeopardizing their lives or the lives of loved ones.
The shared vision promotes better understanding among the employees, coming from diverse backgrounds, and provides the impetus for improved performance and easy changeover. Hence, various contextual factors vis-à-vis size, technology, environment, diversification, and globalization are vital elements that have a significant impact on managerial decision-making.
Resources mean assets and human personnel, including all systems and processes contained therein. The scope of responsibilities in safety and health includes detection of any kind of intrusion and initiating appropriate actions to ward off and prevent harm or damage to the organization’s resources, and identifying, addressing, and raising safety and health problems and concerns.
Even though Corporate governance legislations over charitable trusts or voluntary organizations within the US are not managed by a distinctive and exclusive organization, but only as a subdivision of the IRS, which could be one of the possible reasons why numerous laws regarding trust funds are dismayed.
What is emotional intelligence? When I first looked at my test I wondered what exactly this meant. Does it have to do with how intelligent a person is? Does it have to do with their emotions? I was not sure. The test said that the better your Emotional Intelligence, the better you will do in your life. I am not sure that this is true.
The new managerial staff has to earn the trust of the employees in order to achieve radical change at Fligh High. A way to start implementing changes is by planning weekly meetings with the entire staff of employees. These meetings would take place every Friday for one hour after working hours. The employees would be paid three times their going rate for attending the meeting.
The author of the paper argues in a well-organized manner that implementing a new project within a department is a very challenging task. As an effective team leader, good leadership skill is required to persuade the team members to actively participate in making the implementation of a new business project successful.
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In the movie, Bridge on the River Kwai, Colonel Nicholson, and Colonel Saito both are characters who have an equal amount of power invested in them by rank. However, the situational dynamics allow Colonel Saito to assert his power more aggressively on Colonel Nicholson since Nicholson is leading the British soldiers who are prisoners of war to the Japanese.
Greenberg (2002) emphasized that exercise contributes to self-esteem, being more positive toward others, feeling more alert and able, and having decreased feelings of depression and anxiety (cited in Greenberg, Dintiman and Oakes, 2004; p.324). Physical exercise acts in different dimensions on the mind and body.
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‘Dubai for the World’ is the epitome of globalization. It will be a breakthrough in UAE’s entertainment industry. It will also be a medium for enlightenment and generating resources for the neediest people in the world. Its success is hinged on the expertise of the organizer, the commitment of the sponsors, and the doggedness of the management consultant.
Many psychiatrists have confirmed that stress increases the risk of addiction, to drugs, alcohol, smoking, and other such habits, and also has a high possibility of causing a relapse of addictions (Sinha, 2007). In fact, addiction is one of the outcomes of stress and has no specific solution other than dealing with the stress through appropriate interventions, medical and psychotherapeutic.
Luke Johnson is the chairperson of Channel 4 and writes regularly for “Financial Times”. The secret to his success can be contributed to his risk-taking attitude and lack of fear of the unpredictable. He takes life as a series of experiences and marches forward with every setback. He believes, “We are more disappointed by the things that we did not do in life than the things that we did”.
Cognitive dissonance can arise whenever there are conflicting ideas with regard to certain tasks at work. Alan did not quite know what to do when he was offered a higher salary while working at a position that was lower than his current job focus. He solicited advice from me and I was unsure what exactly should be the way to move forward.
If the plant manager’s goal of lowering OSHA recordable frequency does not occur then maybe a safety specialist might need to be hired. Accidents are not good for the company, especially the infrequent serious ones. The plant manager would prefer to have frequent mild injuries than serious ones. The plant manager’s concerns could be resolved by addressing the recommendations above.
The most attractive aspect of the program is the safety reward that is determined on the basis of individuals’ points. It is a popular way of motivating employees to be more serious about the organization’s safety measures (Bohlander & Snell S, 2009, p.539). If job operators and individuals adhere to the proposed safety measures and procedures, most occupational accidents can be averted.
We had this project in one of our classes that is due in three days. The class was divided into groups of five members in which there was an assigned leader to collate necessary details from the teacher and in turn relay to the group members. I belonged to a group where the leader selected was known to be a very responsible and quite an intelligent student.
In my personal hierarchy of values, being needed and recognized is very important, and that is why I suppose I am motivated to work when I know that it is really needed by someone, and my achievements are acknowledged in some way. The same is true for many people – nearly everyone wants to be recognized, valued, and praised. And this keeps the staff motivated.
The main problem inside the organization is that the employees and the existing managers are not ready to accept any change in their work. The main mistake that was made by the management was that the existing managers were not able to explain the corporate culture of Smith Financial Corporation to the new manager who came with the hope of bringing changes in the organization.
Considering the tenure of all team members, it is clear that everyone is quite adept at their tasks, and is also lost in the monotonous grind of everyday work. Motivation has lowered to a large extent, which I noticed in recent times through general discussions. These discussions more often brought about complaints related to team members’ interaction with supervisors and managers.
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Without excellent communication skills and judgment skills, I won’t be able to reach out to my people and deal with them accordingly. Being detail and result-oriented, I am able to see what are the needs and wants of my people in comparison with my goal, therefore using it to create strategic action plans that will eventually deliver what is expected for each member of the team.
One of the pitfalls that may affect the deficiency of the team is “disproportionate praise and publicity”. Although praise and rewards are an effective mechanism to boost team members' morale, these may have an adverse effect when used inappropriately. Disproportionately rewarding a member may lead to a 'me versus him' attitude in the team which may stop the team from achieving its goals.
This current paper will address the issue of women being allowed to work in men’s prisons but men not being allowed to work in female prisons and the fairness of this action. As was clearly identified in the article it is the case that in Michigan, female prisons do indeed allow male correctional officers.
For continuous improvement, Stalk needs to hire networking professionals who can provide the center with a network that can link all the stores with WDC. The store managers will be required to report about the products available and sold in order to keep WDC informed about what is required or what is not.
It is evident that managing a business greatly contributes to growth in the workplace. Apart from increasing the efficiency and competitiveness of the organization, the management of a business also helps in communication effectiveness. The interrelationship between management and employees has been enhanced because it's imperative for the growth of the organization (Jeston and Nelis, 2006).
The author states that the purpose of the plan is to ensure the development of character, ethics, and manner. The plan for this elementary school will be framed after taking into account six important qualities that are very essential for the development of a child. These qualities are integrality, courage, responsibility, respect, justice, and empathy.
I contend that the problems of absenteeism and high turnover witnessed in Bob’s shift can be solved if the supervisor stops relying on one base of social power. In the literature, it has been documented that with reward power, a leaders’ influence is commonly limited to those domains where he or she has the capacity to provide rewards to followers.
It is apparent from the paper that career development plays a crucial role in enhancing better living. Following the right strategies to handle job loss help avoid mental issues. Additionally, the cultural implications require adjustment of an individual to handle job loss impacts and look for other options.
As the paper outlines, the dangerous disaster of a super typhoon Yutu left many damages which the residence considers the worst experience ever. Mitigation measures are often set in preparing for typhoon as it is prone to happen in such areas. However, it is beyond human ability to curb the typhoon totally.
Change is the only thing that is constant. In an organizational context, change occurs in many aspects. For instance, a leader may be engulfed in a situation that demands them to change a strategy or tactic. Moreover, as organizations grow, change is bound to happen in the form of the creation of new job roles or even the hiring and firing of staff.
The espoused values may be standards and rules of conduct within the organization. The values are a clear indication of how the organization expresses its objectives, philosophies, and strategies in addition to how they are publicized. The ideas of the managers are also ensured to be in line with the basic assumptions.
According to Crosby et al., Blockchain technology is viewed as a complex diary that nobody can forge. The technique thus allows businesses to work together with reliability and authenticity. The technology developed in 2009, is a distributed public ledger, which is maintained in a continuously growing list of all business information (blocks).
Workplace safety is critical. Caution must be taken all the time and employees are entitled to protective gear to ensure there are no injuries or damages in the workplace. The mandate of the supervisor is to ensure employees are not exposed to toxic chemicals and gases while at work. The supervisor is giving the employees the wrong information.
The internal and external environments function together for the organization to be effective. In launching the new product, the feedback from the external environment, customers, must be considered. The information is gotten from interaction with customers through tradeshows. Without the feedback, the system is not complete.
In addition to inventory being a current asset in a company’s balance sheet, it is also a part of its ongoing business operations. The success of Dr. Pepper can greatly be attributed to its proper inventory management and use of efficient inventory models, both for the independent demand operations and production operations.
The decision-making is considered to be somehow out of our control despite the notion people hold that decisions they make are within their control. This perspective is deemed to hold given that decision-making is deemed biased based on personal preferences, psychological bias, and comfort zone bias.
This was like a fail to the whole team because of the obvious reason; first, the team had very poor teamwork among the group members, lack of proper communication, and poor role responsibility were among the challenges that the team experienced which resulted in the failure in the final project. Therefore, managing teams call for proper planning and thorough consultation.
Organizing an effective meeting is a way of life for many organizations because it plays a pivotal role in developing and supporting a productive team. Meetings provide opportunities to share vital ideas, establish a long-lasting relationship among shareholders, strategize future tasks, and get activities done timely.
According to the report, all training and development programs must start with a needs assessment and it is of course started by identifying a specific need of an organization (Miller and Osinski 1), which may be needed for legal training, safety procedures training, cultural and diversity training or communication skills, etc.
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The author states that this journal is not affiliated with any specific retail or distribution organization as such, which allows for objectivity in publications, whilst targeting readers and users of this journal on a more "realistic" (real life) scenario without focussing solely on theory but rather incorporating practicality therein.