Estimate the combined impact on the bottom line of direct

Assignment Help Operation Management

Reference no: EM132100340

When making a business decision, two basic elements are typically considered: costs and benefits. In the case of training, the is- sues are: (1) how much does the training reduce costs? and (2) how much does the training increase revenues? If the training sufficiently reduces costs and/or increases revenues, then there is a strong busi- ness case to conduct the training. Your ability to identify the poten- tial sources of revenue and costs and to estimate their levels can be an important business skill. It can be the basis by which you can successfully make the case for needed training for your employees.

Given your answers to the previous questions, estimate the combined impact on the bottom line of direct and indirect savings generated by training. Extrapolate this number over a one- or two-year time period.

Reference no: EM132100340

Questions Cloud

What would you use as the independent variable : How would you study one of the topics below? What would you use as the independent variable? What about the dependent variable?

Model the business process for assessing credit risks : Model the following business process for assessing credit risks. When a new credit request is received, the risk is assessed.

Determine the optimal number of boxes to make : Determine the optimal number of boxes to make. How would her decision change if she can only sell all remaining boxes at a price of $5?

Should managers think of staffing-training-appraising : Why, in summary, should managers think of staffing-training-appraising and paying employees as a talent management process?

Estimate the combined impact on the bottom line of direct : Estimate the combined impact on the bottom line of direct and indirect savings generated by training.

Project management conflict between levels of management : Which of the following is the most common cause of project management conflict between levels of management?

How your discussion will be evaluated : Prior to beginning work on this discussion, read Chapter 11 in the textbook, the article by Baez (2013), the assigned chapters in the U.S. Department.

Imagine dragons seeds or in this case superfans : Imagine dragons Seeds, or in this case superfans, typically need to be incentivized to spread the information.

Prepare the entry at maturity : On June 1, Merando Company borrows $77,400 from First Bank on a 6-month, $77,400, 8% note. Prepare the entry at maturity

User Account

All Pages