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Practicing Organizational Theory Store Learning Form groups of three to five people and discuss the following scenario: You are a group of top managers of a major clothing store who are facing a crisis. Your establishment has been the leading clothing store in your city for the last 15 years. In the last three years, however, two other major clothing store chains have opened up in your city, and they have steadily been luring away your customers- your sales are down 30%. To find out why, you have been surveying some of your former customers and have learned that they perceive, for whatever reason, that your store is just not keeping up with changing fashion trends and new forms of customer service. In examining the way your store operates, you have come to realize that over time the ten buyers who purchase the clothing and accessories for your store have been buying increasingly from the same set of clothing suppliers, and they have become reluctant to try new ones. Moreover, your salespeople rarely, if ever, make suggestions for changing the way your store operates. Your goal is to shake up store employees and turn around store performance.
1. Devise a program to increase the level of organizational learning. 2. In what specific ways can you promote the level of learning at all levels? Making the Connection # 12 Find an example of an organization that has been using information technology to change the way it makes decisions or increase its level of learning. Why is the organiza-tion making these changes? What is it doing to stimulate new learning?
Explain how to describe price elasticity of demand. What are the factors that affect price elasticity of demand.
Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.
Each demand curve must eventually hit the quantity axis because with limited incomes there is always a price so high that there is no demand for the good.
Explain why is the "1 free" free to the buyer but not to society. At which point if any should the government regulate such promotions like these.
The information below explains the real GDP per capita for the country of Utopia for the period of 1975 to 1991.
Illustrate what are the impacts of an easy monetary policy on the price-level and real output
Elucidate policy or policies may be required to ensure the rate of inflation is low
Explain how much should the firm charge to earn the maximum profit during off peak times.
Bright Future, Ltd (BF) is a non-profit foundation providing medical treatment to emotionally distressed children. Determine the optimal amount of service provided by BF.
Calculate the arc price elasticity of demand over this price and consumption quantity range.
Express how long would it take for the price level to double if inflation persisted.
Begins with the economy at potential GDP, a war in the Middle East pushes up energy prices temporarily. The Fed expands the money supply to accommodate the inflation.
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