Procurement management processes

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1. How would you measure the success/failure of property rights theory, transaction cost theory, agency theory, and resource based theory in relation to the workplace? What are the the limitations of each?

2. In your organization (or one with which you are familiar), when does risk management take place in procurement management processes? How effective is this approach? What improvements would you implement?

3. The city of Colrida is considered to be the automobile capital of the world and employ a number of non-residents. The state Legislature passed a statute that required employers to hire local residents in preference to non-residents. Discuss the implications of enforcing such a statute.

Reference no: EM132241617

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