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Assume you are the new manager of a local company. The name of the company should be your last name, followed by your company’s industry. For example, Smith’s Widget Company. In addition to demonstrating your managerial skills during the interview for the position, the Vice President of Human Resources (HR) was impressed with your positive and charismatic attitude. The HR manager convinced the President that the company needs your skills to help rescue failing sells the company has been experiencing over the last 6 months. In the three weeks since you began with your new company, you have noticed the low morale and low motivation levels in your department of 15 employees. After approval from senior management, you plan to meet with your team to share changes that will take place in the company over the next few months. One of the changes the employees will be most interested in will be the implementation of a rewards program. Rewards will be the based on feedback from the employees’ job performance. Using the expectancy theory and the goal-setting theory as two sources of information, you will create a PowerPoint presentation to brief your employees on the new rewards program and how they can qualify for a reward. 1. How will you evaluate employees’ job performance? 2. How often will you evaluate employees’ job performance? 3. Will your reward system be individual or team-based? 4. Will fulltime and part-time employees be eligible for reward? 5. What type of rewards will you offer (gain-sharing, ESOP, or some other reward)? 6. As you close your presentation, what will you share with your employees about what you hope the new rewards program will do for their morale and motivation? This is a critical thinking assignment. Use your imagination, and think about what kind of company you are managing, and how you will measure supervisor workers from the mediocre workers. Your research should not be limited to your course textbook. You are encouraged to review supplemental reading material for this course. Minimum of 8 slides.(excluding title slide and reference slide).
What is the profit-maximizing price and output level? Solve this algebraically for equilibrium P and Q and also plot the MC, D and MR curves and illustrate the equilibrium point.
"When in Rome, do as the Romans do". Would this be a suitable guideline for MNC's (multinational corporations) doing business in developing countries with respect to ethical practices and social responsibility? Discuss.
Suppose a tax of $.10 per unit on a good creates a deadweight loss of $100. If the tax is increased to $0.30 per unit, the deadweight loss from the new tax would be:
Elucidate the drastic change also Illustrate what this meant for the U.S. population.
Consider a small economy composed of six people: Eric, Ginny, Kenji, Lucia, Sharon, and Paolo. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as Employed, Unemployed, “Not in the labor force” if not ..
Which of the subsequent is a Keynesian conclusion about how adjustments occur in a recessionary gap?
Derive firm ones and firm twos best-response functions. Illustrate and solve for the output levels that constitute the Nash equilibrium. Solve for the market price at the Cournot-Nash equilibrium. Solve for firm-one and firm-two profits at the Courno..
Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 25%, 24%, 20%, 12%, 9%, 6%, and 4%. What is the Herfindahl index for the hamburger industry in this to..
Though your answer needs to be correct in terms of economic theory (so be sure to read the assigned chapters), creativity and having fun with it is strongly encouraged.
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 110 - 0.5P, and the marginal cost of production is $140. Determine the optimal number of units to put in..
What are the possible sources of ingredients information? Describe how each of the sources will help you in getting the needed information for project ingredients.
Outline the First and Second Welfare Theorems and their implications for the role of government. How can we use them to analyse the trade-off (if one exists) between efficiency and equity?
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