Emphasize to persuade senior management to adopt

Assignment Help Microeconomics
Reference no: EM13754255

You are the human resources manager for a boutique retailer. Currently, the company pays the sales staff a flat $18/hour for each 8 hour shift, regardless of sales. You suggest an alternative compensation scheme in which sales personnel receive $8/hour for each 8 hour shift plus .005 times the store's daily profits. Marketing research suggests each store could produce $40,000/day in profits. What points would you emphasize to persuade senior management to adopt your new plan? 

Reference no: EM13754255

Questions Cloud

The chair of the federal reserve to manage the trading : You are hired by the Chair of the Federal Reserve to manage the trading desk at the New York Fed and the Chair tells you that he wants you to increase the money supply (M1) by 33.33 percent. They warn you to be careful because in these uncertain time..
Experiences going through an organizational change : Discuss your experiences going through an organizational change. Does your experience following what is outlined in the Leading Change article
What direct results of crusading era in europe for byzantine : What were the direct and indirect results of the crusading era in Europe for Byzantines, Muslims, & Europeans?
Contrast traditional outsourcing with the software : Compare and contrast traditional outsourcing with the Software as a Service. Under what conditions do you think a company should choose SaaS over traditional outsourcing? Explain your views
Emphasize to persuade senior management to adopt : You are the human resources manager for a boutique retailer. Currently, the company pays the sales staff a flat $18/hour for each 8 hour shift, regardless of sales. You suggest an alternative compensation scheme in which sales personnel receive $8/ho..
Important function of information technology : The most important function of information technology (IT) for the managed care organization (MCO) is to support the business of the MCO. How the IT department aligns with the operational dynamics of the MCO is a vital management consideration. A ..
Obtaining a residency in the field of pediatrics : Obtaining a Residency in the Field of Pediatrics and Since you are focusing on Pediatrics you can use my mother's illness as are reference point (must read the essay)
Time series models and forecasting : Simulate a completely random process of length 48 with independent, normal values. Plot the time series plot. Does it look "random"? Repeat this exercise several times with a new simulation each time.
Analyze the great migration" of african-americans : 5.1 Know about and analyze the "great migration" of African-Americans from the south to the north to obtain better employment prospects in the 20th Century;  5.2 Appreciate and know how to analyze the role of immigration and the immigrant experience ..

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Whether to implement a new bar code technology or not

Suppose the Wal world and tarbo are independently deciding whether to implement a new bar code technology. It is less costly for thier suppliers to use one system and the following payoff matrix shows the profits per year for each company resultin..

  Consider republic of netflexs balance of payments in

consider republic of netflexs balance of payments in 2009foreign investment into netflex nbsp nbsp nbsp nbsp nbsp

  To successfully practice price discrimination

To successfully practice price discrimination

  Suppose an automobile manufacturer is choosing between

It can produce 100 cars with 200 workers and 50 machines, or it can produce 166 cars with 300 workers and 75 machines. Would you describe the manufacturer production function as exhibiting decreasing, constant, or increasing returns to scale? Explain..

  What are the effects of the changes on the budget line

Originally the consumer faces the budget constraint p1x1+p2x2=m, then the price of good 1 doubles, the price of godd 2 becomes 8 times larger and income becomes 4 times larger. what are the effects of the changes on the budget line.

  Consider the following information regarding a monopolist

consider the following information regarding a monopolist price 20 unit sales 200000 units fixed costs 1000000

  Determining principles of demand and supply

On Valentines Day, the prices of flowers and chocolate are usually high compared to other times. How do the principles of demand and supply describe the reasoning behind such price increases?

  Economy is operating below the natural level of output

Suppose a country is in a fixed exchange rate regime. Now suppose that individuals expect that policy makers will devalue its currency. Describe the various actions that policy makers can choose in response to this expected devaluation. Presume the e..

  Will price ceiling always result in reduction in efficiency

How does the introduction of cognition into a consumer's choice among healthy and unhealthy food affect marginal utility per dollar and the quantity of healthy and unhealthy food consumed? Suppose utility is maximized. Will a price ceiling always res..

  Demand curve and price equilibrium

Describe how each of the following will affect the price and quantity of equilibrium. To find out the new values, describe how the supply and/or demand curves will shift in the following cases (if at all).

  How a perfect competitor maximizes its profit

Describe in your own words how a perfect competitor maximizes its profit, and why its profit is zero in the long run?

  You are the manager of global opportunities for a us

you are the manager of global opportunities for a u.s. manufacturer who is considering expanding sales into europe.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd