Chapter 13 - “Analyzing Managerial Decisions: Bagby Copy Company MBA 540 Michelle Wilson August 9, 2015 There are many advantages and disadvantages to specific vs. broad task assignment. Assigning specific tasks to workers allows the company to hire specifically based on the ability of the worker to do a very specific job. In this way efficiency can be increased as a worker should be performing the job that he is comparatively best suited to perform and nothing else. Competition amongst workers can also be increased as there is a specific metric to judge by. The cost of training a worker is also reduced as the worker does not have to be trained in every aspect of the company only what he is going to be doing.
This means that the TNC can pay workers less, not worry about providing good working conditions. All of these factors greatly benefit TNCs because they can produce their products or components for a fraction of a price that they would have to pay in their country of origin. Another thing that has enabled companies to spread out over the globe is the fact that global communications and travel has improved. Emails make it much easier to communicate with colleagues in other countries and not have to worry about time differences. Satellite links have allowed people to have video meetings even if the people taking part are miles apart.
These early ideas made it possible for the different views of the rich and working class to have their own set representation as needed when capitalism, or free market enterprise, and common wealth made its way into American economy. Free market enterprise was a way for the artisans, or skilled workers, to make money by producing and selling their products. As technology advanced and more inventions were being created there also came better, cheaper, and faster ways of producing mass amounts of the same products. Factories and new means of transportation made it possible for industrialization to make a rise and excel American economy. While business was great for the owners of these companies and those who could afford better living it was a completely different story for the factory workers and artisans.
Companies will have an opportunity to choose among the best talent on the market. Without fictional unemployment people would tend to stay in their current jobs for life and create a stagnant system that could create a negative effect like subduing innovation. Fictional unemployment is also important because it matches the demand for workers with the supply from companies and helps bring equilibrium into the labor
This was the most important invention and part of his plan because it was a kick off to all the factories. Lowell’s plan was very efficient because he managed to better the economy. Even after he died, his factories kept growing and the cotton textile production grew too. The location, the
This usually involves a lot of money. In this project this option showed to be effective without making significant changes. Although cutting the staff members is a good option, hiring new people with lesser degrees is smarter. The choices I made here will all help the hospital increase their
This is not only about management, but more sort of a way to eliminate costs, that are not essential for production process. Most businesses that manufacture their product spend most time on inspecting quality and repairing faulty products, which aims to eliminate errors from manufacturing process, in this simple method. Greatest benefit of JIT is that business reduces operating cost, and therefore has advantage over its competitors. There is also a benefit of reducing manufacturing times and shortening delivery
The company didn’t reward only for productivity, but they also rewarded for high quality, cost reduction, and new ideas. The workers guaranteed their work and every one of them felt like a boss for him/herself. Moreover, the promotion and hiring for a new job give the current employees the opportunity to get advanced and usually they train the employee for a new job to be qualified. They only hire new people if the job needs special skills. Furthermore, the company used the open door policy where the employee problems can be heard and solved.
Unfortunately for the human race we can now sit our day away as modern sciences and industrial evolution have made our lives a bit easier. If you were to sit and think of the time spent sitting during a day you might be a bit shocked. If you work a desk job or
People need to measure what they buy and exchange for them to prosper, but not having a common and correct way of measuring was a problem. Finally, scientists came up with a unit of measurement that can replace all other existing ways we measure objects. This is how the SI unit of measurement came about. Using the SI unit of measurement helped everyone understand and communicate well doing business. People realized how practical it was to use only one measurement system for every kind of unit.