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Supervisory Training: Cost-Benefit Ratio & ROI
The Training Director expects that supervisory training will reduce the cost of grievances and lawsuits filed against the company by 50%. The current estimate of these costs is judged to be $100,000 per year. The director has allocated $2,500 for course development and $500 each for the actual training of 20 supervisors, which includes all trainer and materials costs.
This discussion requires the following activities:
1. Determine the cost-benefit ratio.
2. Calculate the ROI.
Discuss basic managerial strategies for influencing group behavior, encouraging group problem solving.
Explain the evolution of the virtual organization and What are the pros and cons associated with this design?
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