I think that an organization should be very open in their decision so employees do not get shocked when they get laid off. After all some companies need to outsource to being able to compete and keep a sustainable competitive advantage towards their competitors. Do you agree with some politicians that we need laws to limit offshore outsourcing? The idea of passing laws to limit offshore outsourcing I think is a good idea as long as they are only applied to government contractors. Other companies need the opportunity to outsource to being able to compete.
“(Kerin & Peterson, 2010, p. 301). Bates: “Yes, John has requested additional funds. Your right about the 5 percent figure too, and I’m not sure if our sales forecast isn’t too optimistic. Your research has shown that our sales historically follow industry sales almost perfectly, and trade economists are predicting about a 4 percent increase for 2008 Yes, I’m not too sure” (Kerin & Peterson, 2010, p.301). Berry: “Well, Chuck, you can’t expect forecasts to be always on the button.
1- Getting rid of middle management & Self-managed teams Haier’s CEO’s decision to eliminate the middle management in the company, although radical, was done in an effort to minimize bureaucracy and management control on the innovation process. Another reason cited by the CEO was that the change will give employees the freedom to seek the customers view instead of management in their new product development processes. 2- Innovation program The program itself was based on leveraging internal talent and encouraged over achieving employees to pursue new ideas and innovations. The company would allow it’s employees and
This can affect the growth of the company. By adopting IFRS, U.S. will also be adopting a big risk, if the quality of the new standards do not match the U.S. GAAP. Looking at the various possibilities of adopting IFRS in the U.S, it can be said that it is a big decision to be made. Although, in my opinion we should adopt to IFRS in financial reporting only if the benefits outweigh the costs of transition. If adopting IFRS benefit monetarily and make the transition easy for the investors, auditors, and the public companies, then there should be no harm in accepting it for financial reporting
As such, he believed that scientific management approaches could benefit from focusing on the need to motivate workers, whilst motivational approaches could also benefit from greater managerial control. As such, he argued that theory X and theory Y simply represented different ends of a continuum of approaches to improving productivity, and managers should not fix themselves to one end of the continuum. Both theory X and theory Y state that managers are responsible for assembling and organising the various factors of production, including their employees, with the goal being to produce maximum economic benefit for the shareholders. However, they take different views around the drivers of employee behaviour. Theory X According to theory X, the average employee is lazy, does not like to work, and will attempt to avoid having to work as much as possible.
Mandatory standards are needed because companies might want to make the accounts appear unrealistically favourable. If this were to happen then shareholders would not be obtaining an accurate view of the business. For example, if discretionary expenditure were deferred, such as spending on research and training, then earnings would be artificially improved. There is a need to make it more difficult to manipulate accounts such as by deferring expenditure. 2: The background in the United Kingdom In the 1960’s confidence was lost in accounting procedures.
In July 1974, Cook and Magers had another problem need to solve: Their big competitor, Bosworth Machining Company lowered price from $2.45 to $2.25 per pieces on the product of 100 series. So, the two main discussions involved: should the company drop 300 series product line, and reduce the 100 series product selling price. Cook decided to continue producing the 300 series which he made the right decision. From the report showed on Exhibit3, some costs are variable cost but some costs are no variable costs. It means no matter the company produces or not produces, the company still needs to expense some fix costs such as rent, machine depreciation, equipment loan interest and other factory costs.
A con to the corporate approach would be increased market cost, guest’s don’t feel as special and possibly could have a negative impact on their reputation. I recommend they adopt the corporate branding. The goal in the plan would be to build the top of the line brand. Current branding positioning limits Rosewood’s markets which could be grown under corporate branding. Currently only 5% of guests have stayed at other Rosewood’s hotels.
The aim of all this is that the payment is not an incentive to excel whereas the profit-sharing does reward collective group while they reduce competition between employees. Hiring process is very important for Human Resource Management because it is responsible of deciding who best fits with the company culture. They craft de interview questions in order to identify the best personality. Southwest don’t allow hiring managers to be informal in selecting process whereas they can be creative. Human Resources managers are the ones who build an image that prospective employees are looking.
With any record of winning previous contract with this particular subsidiary the only alternative for them was adopted an approach where their goal to be technically compliant and offering an attractive price that the customer can’t refuse. To develop the bid they reviewed every element and aspect of the program that help them to identify areas in which could reduce cost. They focus on the cost drivers looking for ways to minimize those cost. The personal cost was about 70 percent of their bid cost, so they did everything possible to reduce the personnel. Using the marginally compliant approach they’re purposed solution was technically compliant, but barely, example: If any judgment call is required, they will choose the less expensive solution.