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.
How has technological innovations affected your organization? Technology impacts the cost of production. Technology helps in lowering the cost of production and making economies more efficient – producing more outputs with the same number of inputs. Producers learn more about various aspects of production in which they specialize, and this attitude of them leads to more production. Innovation impacts the cost of production as well.
EST1 Task 1 A. Evaluate Company Q's current attitude toward social responsibility. The company’s current attitude toward social responsibility isn’t responsible at all. The fact that they are willing to allow food to be threw away that could be given to a food bank illustrates the company’s unethical approach to social responsibility. Placing profits above people isn’t socially responsible but is rather sociopathic and a microcosm of the larger problem that entails the current Capitalistic system that is used across the world.
As for the customer service representatives, they do not get any incentives because they are paid on salary and do the same work as the sales department. This could cause customer service representatives to ignore calls that come in from Company
The sooner that company Q can anticipate and foresee what products are more in demand the sooner the company will be able to create a better profit margin, establish a good working relationship with the customer, and achieve a favorable public and consumer perception. The problems that face Company Q today are not unlike those that face many companies throughout the country. The difference is that company Q has the opportunity to repair the public perception, learn from the error of their ways, and develop new strategies to increase their profit margin, establish community relations, and achieve a good public
Michael Moore didn’t explain to the viewers that this is merely one out of many corporations that makes decisions solely to benefit themselves, regardless of how it affects other people. This is the nature of the business; this is capitalism. When a corporation can benefit by moving their factories that is what they are going to do, this is an example of Adam Smith’s invisible hand. If a business is successful, they will stay in an area until there is a better option. This happened with General Motors, where other countries required a lower minimum wage, allowing General Motors to collect more profit.
Education has many other positive ripple effects. Statistics show that college educated individuals take better care of themselves, participate in more volunteer activities, and more socially conscience. These qualities can only make a company stronger. Healthier living can improve a company’s health insurance cost, and acquiring better social skills and understanding only enhances the work environment. Similar to the ideal of our Nation, to increase education and accessibility to all, for our country is better when more people get degrees as our company is.
The economy would be ruled by natural laws of “survival of the fittest” and “supply and demand.” These ideas favored captains of industries like Andrew Carnegie and John D. Rockefeller. They had their own monopolies and used dictatorial/tyrannical ways to exploit the workers. In the Progressive Era, the idea of industrial freedom and democracy came in. Workers were thought to not only deserve better wages and working conditions, they also should make some economic decisions and have rights to
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.
They believed that your life should not be driven by materialistic goals or other external forces. Walden, another transcendentalist said to “not seek so anxiously to be developed, to subject yourself to many influences to be played is dissipation”. Walden stressed the idea that if you cannot afford things in the first place you are forced to experience the basic vivacity of life. It’s easy to see that today people are fighting to keep up with the Jones’s. Jobs are something given to make money, money to buy things, the job is not usually chosen to “front the essential facts of life”.