The article goes on to say that these takeovers might be on there to being a thing of the past because in recent years the number of take overs has gone way down. This may be do to laws that protect companies because they are so important to some states. But really the decline is do to companies not be so interested anymore and trying to focus more on their own. Business. The decline has cause many smaller companies to push their company less and not worry of about effectiveness and stock prices because there is less push from takeovers.
As the time horizon increases, variable costs rely less on existing factors and restrictions and therefore will begin behaving differently which will in turn affect the cost of production (Wright, 2007). The second way a firm that’s into profit maximization can decide its greatest level of output is by way of the marginal revenue -- marginal cost method. This is done by subtracting the marginal cost from the marginal revenue that a product generates. Using marginal cost and marginal revenue as the bases, profit maximization will be obtained at the point when marginal revenue is equal to marginal cost. If the marginal revenue is greater than marginal cost this would be when a profit maximizing firm would need to increase production until marginal revenue is equal to marginal cost.
Nordstrom does not offer extensive training programs to its customers. Employees are paid on a commission basis, they are surrounded by a very competitive environment and it is ingrained in them that customer satisfaction is key. Employees needing to train new employees may not emphasize to the new employee why the need for customer satisfaction is so important. Also, because of the competitive environment, it may cause the employee to not train the new employee appropriately because of threat to their sales, which could in turn cause a misconception of their family environment. There is no training program for them that state any reasons why the culture of the company relies on customer satisfaction.
If other things change, then one cannot directly apply supply/demand analysis. Sometimes supply and demand are interconnected, making it impossible to hold other things constant (Colander, The Limitation of Supply/Demand Analysis, 2010). “In supply/demand analysis, you would look at the effect that fall would have on workers’ decisions to supply labor, and on business’s decision to hire workers. However, there are also other effects (Colander, The Limitation of Supply/Demand Analysis, 2010). “For instance, the fall in the wage lowers people’s income and thereby reduces demand.
For instance, they may be able to start up with a new idea. | During recession, Innocent’s confidence will get low as people aren’t demanding for their products as they demanded before. This leads Innocent to cut down on production because they no longer need to make many goods as they used to. Because people are not buying as many products so their sales will decrease. By this time, Innocent might struggle to pay wages so they need cut down staffs as they no longer need them.
Due to the lack of social mobility, up the economic ladder, America is no longer the land of opportunity. The first reason why America is no longer the land of opportunity is that the lack of jobs in this country. America is no longer the industrial power it once was and as a result there is no longer a need for employees as there once was there for there is no need for workers. If there are no jobs for people to have in the first place then there is no promotions or any other sort of moving up financially and in wealth. Someone may say that there is still a good number of jobs in America for incoming employees; however this is false because students coming out of college in America can’t find jobs because of this lack of jobs.
There was also a lack of communication amongst FEMA and ARC, which contributed to slow response times in both instances (347). ARC has a policy in place on screening volunteers; however, they failed to follow their own procedures during Hurricane Katrina, which ultimately resulted in mismanagement of donated funds to the organization. This caused investors to question if they should remain loyal to such an unethical organization. Customer satisfaction was low and citizens started to wonder whether or not they should continue to donate to cause. The organization relies heavily on donations from both the public and private sectors, therefore the actions of the organization that occurred after these disasters could result in a decline in their bottom line.
A real estate agent can have motivation x ability, but the economic collapse of the housing market is going to inhibit that person’s peak performance by no fault of their own. Athletes as well have the same restraints. Russell Wilson, Derrick Coleman and even Michael Oher are good examples. They definitely had the ability and drive and commitment, but without being given the opportunity to show how well they could perform they were not at their optimal performance level. I think the reason this equation Performance = Motivation x Ability is used mostly in management is because these are factors that can be manipulated by leaders.
Big corporations do not have to absorb the cost of minimum wage increases because most minimum-wage jobs are offered by small businesses b. The minimum wage directly affects small businesses because a large amount of their earnings go directly to pay for operating expenses, such as equipment, supplies, lease or mortgage, credit lines, inventory and employee wages and benefits 2. Serves as a deterrent for new entrepreneurial ventures a. The costs are too high for new businesses to risk starting a new venture b. Does not create a favorable labor market for new businesses II.
However, because foreigners are willing to work for less money, it gives them a more adept position in the American economy and working force, regardless of their education. Therefore, the abundance of labor creates a shortage of jobs which in turn leads to a “rough estimate that suggested that as many as 42 million jobs, or nearly one-third of the nation's total, were susceptible to offshoring” (Gosselin, pg 2). In essence, it doesn’t matter how much you know, but rather how little you will work for. The Social Problems textbook states that “the globalization of the economy is not a neutral process. Decisions are based on what will maximize profits, thus serving the owners of capital, and not necessarily workers or the communities where factories are located” (Social Problems, pg 427).