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Recently, the owner of a Trader Joe's franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $65,000, and her store made $120,000 in profits (not counting payment to her top manager). She suspected the store could do much better and feared the fixed salary was causing her top manager to shirk on the job. Therefore, this year she decided to offer him a fixed salary of $30,000 plus 15% of the store's profits. Since the change, the store is performing much better, and she forecasts profits this year to be $280,000 (again, not counting the payment to her top manager). Assuming the change in compensation is the reason for the increased profits, and that the forecast is accurate, how much more money will the owner make (net of payment to her top manager) because of this change? Does the manager make more money under the new payment scheme?
2.How is organizational change different from organizational development? Discuss, quoting suitable example
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Describe the main steps in the process of international strategic management.
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1. George Hank, CEO of Walker Construction has an opportunity to bid on a contract that pays $5500upon completion, but the contract calls for a late performance penalty of $140 per week for each weekthat the project is delayed beyond eight weeks (20 ..
Listening process and deterrents to listening
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