Issues The issue in this case is the problem of high turnover at the Telesouth company. Currently, Telesouth employs approximately 400 people. Over 200 of those employees were recruited since 2005, and of those recruited since 2005, sixty percent were under age thirty and for many of them Telesouth was their first employer. Telesouth’s approach to the HRM areas involves a three step process, including Recruitment/Selection, Induction/Orientation, and finally Socialization. Employees surveyed had a high regard for the Recruitment/Selection and Induction/Orientation steps to the HRM Approach, but felt somewhat slighted during the Socialization process, claiming that “managers were so busy doing their own jobs that they could not deal with the individual concerns of new employees.” Despite their threefold process, Telesouth currently suffers a high turnover rate, estimating, at minimum, the cost of turnover at $20,000 per person.
NAME: SCORE /50 DATE: FINANCIAL MANAGEMENT FIN 450 SUMMER 2014 QUIZ 1 ________ QUESTIONNUMBER | ANSWERS | QUESTIONS | 1 | b | A firm has $520 in inventory, $1,860 in fixed assets, $190 in accounts receivables, $210 in accounts payable, and $70 in cash. What is the amount of the current assets? A. | $710 | B. | $780 | C. | $990 | D. | $2,430 | E. | $2,640 | | 2 | D | A firm has common stock of $6,200, paid-in surplus of $9,100, total liabilities of $8,400, current assets of $5,900, and fixed assets of $21,200.
It takes time and work to achieve outstanding results.3, 4 Too many leaders bought into what was called the “latest and greatest fad” in business process fixes, rolled out a Six Sigma program, trained everyone and now have up to 80% of their people working on projects to improve processes. This sort of Six Sigma under5 and it is exactly what happened at Sun Microsystems.8 The results take too long and are of poor quality, yielding low return on investment (ROI).9 Six Sigma Black Belts (BB) end up focusing on small projects that have little risk and can be implemented very quickly, so any results achieved are minor at best.10 A stigma grows around a program that takes so much resource application for so little gain. Sun eventually abandoned
Ergonomic office solutions can decrease human resource costs and increase health of employees. Running an office is expensive, consisting of personal expenses (80%), material and office technology expenses (4-5%), building expenses (14-15%) and furniture expenses (1-2%)(buero-forum,2006). Besides being the smallest of office expenses, furniture is the one many companies save on most, followed by building expenses. Maintaining old, unhealthy and system performance unfriendly furniture will skyrocket personal cost over time. So the above mentioned office furniture are not
The ready-to-eat breakfast cereal in 1994 1. Why was the RTE cereal industry so profitable for so many decades? Personally, I think the main reason why the RTE cereal industry was so profitable for so many decades is because it was difficult for the new entrants to succeed in this industry because of several important entry barriers. Firstly, these kinds of factories cost over a hundred million dollars, so it is very expensive, and also it does not guarantee that the entrants can make a profit. Furthermore, if the new entrants want to succeed in this industry, they have to spend almost one fifth of sales on advertising and promotions for introducing a new product.
First international office was opened in 1955 in Amsterdam. Company became publicly traded company in 1985. Main spheres of business of Bear Stearns were corporate finance, institutional equities, risk management, trading and research, private client services, foreign exchange and futures, derivatives, asset management etc. Company employed more than 15000 people worldwide. Headquarters of the company was in New York with offices in 12 main cities in US and 13 cities worldwide (London, Hong Kong, Tokyo, Singapore etc.)
* A business should focus on increasing strategic advantages. Back then, the main goal of a business was to make a good profit, but today in addition to making a profit, companies pay more attention on ‘time to market’. Project management helps in shortening the product life cycle which makes it an important force of modern business. A product life cycle of 10 to 15 years those days has been compressed to a life cycle of 1 to 3 years. It is said that a delay of 6 months in a project can cause a loss of 33% in product revenue share.
But this irreprehensible customer service does not come easily. It requires very dedicated employees that go above and beyond to ‘wow’ the customers. Ironically, the same elements that enabled Nordstrom’s success are responsible for its current misfortune. The controversial Sales Per Hour System (SPH), the decentralized management structure, and the not very clear distinction between working hours and non-working hours, have had very damaging consequences for Nordstrom. This firm’s significant earnings growth came to an end in the late 80’s when employee complaints, union allegations, law suits and regulatory orders began to arise.
In 2010 he accepted the new challenge as the General Manager in a new environment. After three months he came to the new position, he found our company’s product sold in to clients was good as the price advantage and the good relationship between company and clients. On the other hand, the products sold out to consumers through clients were not so good, because the brand-awareness was not high. How to promote the brand and support the clients speed up the sold out turned to very urgent and important. As the marketing budget was limited, if most of the budget invest on above the line, compared with the industry big players didn’t make sense.
An interesting thing to remember is shareholders of a company cannot pay them first before, employees, suppliers, creditors, the government, and stakeholders they will receive nothing. Shareholders take on many risks when running a firm and if the firm is not managed properly to maximize the shareholders wealth, the investors will have no desire to accept the risks for that business to succeed. Does the firm appear to have an agency problem? Reading the case study, yes the firm does appear to have an agency problem. The firms stock has declined $2 per share over the last nine months but the firms profits have been rising.