...Chapter 4 A. Work Design Framework a. Organizations are moving away from organization structures built around particular jobs to a setting in which a person’s work is defined in terms of what needs to be done. B. How Information Technology Changes the Nature of Work a. IT has created more types of works b. IT Employment at an all time high c. Supported new ways to manage people C. Changing the way work is Done a. Many traditional jobs are now done by computers b. Jobs once done by art and skill are often greatly changed by the introduction of Its c. Introduction of IT into an organization can greatly change the day-to-day tasks performed by its employees. d. Crowdsourcing is now possible at a very low cost e. Few staff are engaged in order entry any longer f. Sometimes people can perform more strategic tasks g. Sometimes IT disconnects us from the tasks h. Zuboff provides an example of disconnection from the task at a paper mill where the masters could no longer smell and squeeze pulp to make sure of the chlorine content i. Skills of salespeople have turned from order takers and stock counters to marketing consultants. D. Changing Communication Patterns a. More asynchronous and more irregular b. Social networking has provided new opportunities for customer interaction c. Collaboration allows a firm to look big with new tools d. IT is changing the communication patterns of employees. i. Many truck drivers do not interact with others in their organization...
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...Chapter 2 – MCI Assignment Having had previous experience in a manufacturing plant, it seemed that I understood some of the basics of accounting. After reading this chapter, I saw different aspects I did not really take into account. Specifically, the idea of sunk cost, opportunity cost, out of pocket, these ideas were never something I thought of that would affect the business. Understanding these concepts, I see now how I could have applied them to my previous job. Understanding the cost of maintenance from both a short and long term, previous purchases, all of these different cost now made more sense with what I was able to control, direct and indirect material cost. I began to see the bigger picture of what it would take to run a plant. Applying these concepts to my business, MS Furniture Group, I begin with the different classifications of the cost that I will incur with my business, which can lead to cost saving opportunities for my overall bottom line. First step, I can classify my business as mass customization. I will have a high volume of training tables to produce, but offer different customization options, dependent on what the customer wants. This will help in delivering a quality product to customers that meet their specific needs. Looking at my direct cost of labor, I have a very controllable cost, that with improved management of labor, including better management of overtime, and labor per piece, I can look at some cost saving opportunity. I also have...
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...Values are beliefs or convictions that guide behavior and support the overall organization vision. Values help define or describe the desired culture; they communicate what is important to the organization, as well as what key practices and behaviors will be recognized and rewarded. Values define the relationship between an organization and its stakeholders. Values give the means to the end, such as the financial goals of an organization. Values determine what the organization will and will not do to get the numbers. Values along with principles of behavior promote trust, good behavior, fairness and caring. Shawn O’Brien identified concerns about how Amgen reported complaints and problems with drugs already on the market. Kassie Westmoreland found that Amgen overfilled vials of Aranesp. The overfilling of the drug provided doctors with free amounts of the drug which could be given to patients and charged to Medicare, Medicaid, or private insurers. These two examples seem opposite of Amgen’s stated valuing of people, integrity and results. The company and its top management are not following the stated values, which undermines trust in the company. At least with respect to the actions explained in the case, HP does not seem to be walking the talk of what its values statement seems to say about the ethical culture at the company. Unlike Alcoa, the message form management of Amgen is to manage earnings, do whatever it takes to gain business, protect our product even if patients...
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...Over the previous two decades, foreign direct investment has proven to be a very vital role in developing countries in terms of growth. Foreign direct invest enhancing policies will not only increase the inflow of capital for word economies, but also increase productivity and also create jobs for country locals. Its worldwide rapid rise in the late 80’s and the early 90’s, proves its significance in not only developing countries, but the global economy as a whole. The wordbank (2007) estimated that, the worldwide foreign direct investment outflows reached a record 1.1 trillion dollars in the year 2006. Due o the significance of foreign direct investment in the gobla economy, several empirical studies have been carried out to further comprehend the impact of foeign diect investment on varies economies in the world. This chapter therefore reveals various theories and empirical studies on the impact of foreign direct investment on economic growth. CHAPTER 3 Methodology: This section highlights on the various statistical methods that will be used in analyzing the impact of foreign direct investment on economic growth. Various sources have defined the term research in various forms. According to Babbie (1988), research can be defined as an organized investigation that is carried out to illustrate, forecast, and manage a practical phenomenon. Methods used in research analysis are very significant because they, to a large extent, affect the outcome of the research. Gall...
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...Chapter 3 Accrual Accounting and the Financial Statements Questions 1. Under accrual accounting, the accountant recognizes the impact of a business transaction on an entity when the transaction occurs, whether or not cash is received or paid. Revenues are recognized when they are earned, and expenses are recognized when they are incurred—not necessarily when the cash changes hands. The cash basis of accounting recognizes revenues only when cash is received and expenses only when cash is paid. 2. The revenue principle provides guidance on (a) when to record revenue. (b) the amount of revenue to record. 3. The matching principle directs the accounting for expenses. Accountants identify all the expenses incurred during the period, measure those expenses, and match them against the revenue earned during the period. Matching expenses against revenues means to subtract the expenses from the revenues to compute net income or net loss for the period. Chapter 3 Accrual Accounting and the Financial Statements 153 4. Five categories of adjusting entries, with examples, are: a. Prepaid expenses — prepaid rent, prepaid insurance, and supplies b. Amortization — amortization of buildings, furniture, and equipment c. Accrued expenses — accrued salary expense and accrued interest expense d. Accrued revenues — accrued service revenue and accrued interest revenue e. Unearned revenues — unearned service revenue and unearned subscription revenue 5. Yes, all adjusting entries affect...
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...technique for the resolution of disputes outside the courts, wherein the parties to a dispute refer it to one or more persons, by whose decision they agree to be bound. When a dispute arises within a learning team, arbitration is used when the arbitrator is brought in to resolve a dispute. This usually resolves disputes in a timely fashion because the arbitrator renders a decision based on facts. Negotiation Negotiation is a procedure whereby the parties to a dispute engage in negotiations to try and reach a voluntary settlement of their dispute. (Source: LAW/531 – Chapter3: Judicial, Alternative, and Online Dispute Resolution). This is the simplest form of the ADR in which the teammates would negotiate before approaching any other forms. Mediation Mediation is a form of negotiation in which a neutral third party assists the disputing parties reaching a settlement of their dispute (Source: LAW/531 – Chapter3: Judicial, Alternative, and Online Dispute Resolution). Team members can opt to select a neutral member within the team not impacted by the dispute or third party to assist in reaching a solution. Using Alternative Dispute Resolution (ADR) Alternative...
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...Wastewater Management * www.pcd.go.th * www.wma.or.th * http://www.cee.mtu.edu/sustainable_engineering/resources/technical/Wastewater_treatment_and_reuse_FINAL.pdf * http://www.energybulletin.net/node/53377 * http://www.il.mahidol.ac.th/e-media/ecology/chapter3/chapter3_water13.htm * http://www.mytripblog.org/pg/blog/thailand-social-manager/read/94475/mangrove-forest-planting * Family Business * http://archive.sba.gov/idc/groups/public/documents/sba_homepage/pub_mp-3.pdf * http://www.oecd.org/dataoecd/1/26/43654301.pdf * http://gbr.pepperdine.edu/2010/08/the-family-owned-businessa * http://www.businesslink.gov.uk/bdotg/action/detail?itemId=1073792654&type=RESOURCES Agricultural Machinery * http://markets.on.nytimes.com/research/markets/usmarkets/industry.asp?industry=52122 * http://en.wikipedia.org/wiki/Agricultural_machinery * http://en.wikipedia.org/wiki/Agriculture_in_Thailand * http://agricoop.nic.in/Farm%20Mech.%20PDF/05024-09.pdf * http://en.wikipedia.org/wiki/List_of_agricultural_machinery * http://advancingag.com/home/ * http://www.nationsencyclopedia.com/economies/Asia-and-the-Pacific/Thailand-AGRICULTURE.html * http://www.boi.go.th/index.php?page=opp_food * http://www.reportlinker.com/ci02002/Agricultural-Machinery.html * http://thailand.prd.go.th/view_news.php?id=5505&a=2 * http://www.an-anek.com/2010/index.php * http://www.oie.go.th/academic/รายงานการศึกษาเ...
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...SCHOOL OF MANAGEMENT TO DR. FRANCIS PIROH Explain The Differences Between A Standardized And Localized Strategy. Which Are The Advantages And The Disadvantages Of Each One? Explain The Differences Between A Corporation With An Ethnocentric, Polycentric, And Geocentric Orientations. How The Concept Of Competitive Advantage Can Be Applied In International Marketing? This paper is submitted in the partial fulfilment of Marketing Management course By FRANCES GRACEY DADZIE March 2013 SCHOOL OF MANAGEMENT TO DR. FRANCIS PIROH Explain The Differences Between A Standardized And Localized Strategy. Which Are The Advantages And The Disadvantages Of Each One? Explain The Differences Between A Corporation With An Ethnocentric, Polycentric, And Geocentric Orientations. How The Concept Of Competitive Advantage Can Be Applied In International Marketing? This paper is submitted in the partial fulfilment of Marketing Management course By FRANCES GRACEY DADZIE March 2013 Standardization marketing strategy is typically applied to discussion of global businesses and a means to market a solution with uniform consistency throughout the marketing mix. This is an opposite approach to a localized strategy, under which multinational companies differentiate their product and adapt it to fit the unique needs of countries.Localization as defined by the business dictionary is where by a business operates in a number of countries, adjusts its products and practices...
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...and example in class is important. Chapter 2 3 Macroeconomic goals Price stability * Inflation rate: 1. GDP deflator Pt=$Yt/Yt 2. CPI: cost of living * Full employment * Growth rate Ways to measure GDP * Final goods * Value added * Income e.g., New tier replace old tier of a used car – final goods GDF count or not? Not count in GDP: Happiness, government transfer, black market transaction, 2nd hand transaction etc. Nominal VS Real GDP (calculation) $Yt=sum PtQt ; Yt=sum P(exogenous)Qt Inflation calculation Pt-Pt-1/Pt-1 CPI VS GDP deflator Y=C+I+G+NX all terms would affect GDP, but only C would affect CPI Unemployment rate U/U+N, where U+N=Labour force Participation rate: L/POP Discouraged labour=out of labour force Chapter3 Two big concept in this chapter Y=Z I=savings Y=Z=C+I+G * C=C0+C1 (Y-T), where C0 is autonomous consumption (>0), C1 is propensity to consume (between 1 and 0) * G and T are exogenous * I has residential and non-residential investments Savings I=savings Private savings + government savings =S + (T-G) S=YD-C=-C0+(1-C1)(Y-T) Chapter 4 Two assets Money Md=$YL(i) Ms (decision of the central bank): a vertical line Bond: affect by interest rate I=(Today price-PB)/PB Thus, PB= today price/(1+i) e.g., Md = Y (0.25-i), Y=100, Ms=20 a. what is i? answer: because Ms =Md, so substitute all the numbers in the eqn, i=15% b. if Y is fixed, whis is Ms? Answer: 10 Graph: LM curve shifts up Chapter 5 IS Curve I vs Y=IS curve (downward sloping...
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...Chapter3:How Much Do Credit Card Companies Know About You ? (1)What competitive strategy are the credit card companies pursuing? How do information systems support that strategy? The credit card company need to find a way for customers to choose their own company credit card . Credit card company will use each purchase is assigned a four-digit category code that describes the type of purchase that was made.shopping can also be recorded in this category,the code for each type of store are to be separated to show the difference.these codes allow credit card companies to learn a great deal about each of its customers at a glance.overall,the credit card company use various methods to understand all of the cardholder’s spending habits,and timely adjustment of the company to level of cooperation and alliances business.help enhance the credit card companies more accurate quality of service. (2)What are the business benefits of analyzing customer purchase data and constructing behavioral profiles? Credit card companies use the customer database storing purchase information,analysis will be most beneficial to the company’s chosen strategy and customer .analysis of the information in the database can also be a possible inability to repay debt and to evaluate the purchasing power of different customers.credit card companies can use the important information for these customers to credit card application rejected or reduce customers can use the scope of the money . (3)Are these...
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...INTERNATIONAL UNIVERSITY OF MANAGEMENT Information system strategies 140071278 JOSEPH ILONGA Case study 2 (chapter3) 1. Identify the key software applications used by The Tea collection. * website for shopping online * design software * Geo-mapping to see where the market is not over saturated with children's clothing * A back end tool for retailers to be place orders over the internet * Software that was created for the company is a tool bag in for retailers to make it easier for the ordering processing for the internet users. 2. How does the Geo-mapping software help the company grow? Explain how sales reps use the results of the Geo-mapping system. The Tea Collection plays a role for ensuring their survival and to promote competitive advantage. The customer service has been well improved and It helps the organization to prepare themselves so that they can work up to a level which will allow them to be on top, at the same time it shows how the markets that they have already targeted are operating. It uses the software to be able to sell their products online across the country. 3. What is the main technology challenge identified in the video? How would you suggest this challenge should be addressed? The main technology challenge identified in this video is the integration of the different computer systems, would suggest addressing this dispute by investing money in in-house training of the people working on integrating these systems. So that everyone in the...
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...Personal Ethics 1) Read "Chapter 3: To Heal Sometimes, To Comfort Always" (from Being Human: Readings From the President's Council on Bioethics), located at: http://www11.georgetown.edu/research/nrcbl/pcbe/bookshelf/reader/chapter3.html 2) Complete the questionnaire, "My Nursing Ethic," located within the Additional Resources folder in Canyon Connect. 3) Using the reading and the questionnaire, -write a 750-1,000-word paper that describes your professional moral compass. As you write your paper, include the following: a) What personal, cultural, and spiritual values contribute to your worldview and philosophy of nursing? How do these values shape or influence your nursing practice? b) Define values, morals, and ethics in the context of your obligation to nursing practice. Explain how your personal values, philosophy, and worldview may conflict with your obligation to practice, creating an ethical dilemma. c) Reflect and share your own personal thoughts in regard to the morals and ethical dilemmas you may face in the health care field. How do your personal views affect your behavior and your decision making? 4) Do not be concerned with the use of ethical terminology for this paper. 5) Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required. 6) This assignment uses a grading rubric that can be viewed at the assignment's drop box. Instructors will be using the rubric to grade...
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...Validity, Credibility & Reliability Alicia Struck XBCOM/275 April 17, 2014 Daniel Anderson Validity, Credibility & Reliability Validity, credibility and reliability are key to any kind of data or information being used. Claims and their sources both need to be credible. Where the data came from needs to be taken into account. Do they have a vested interest in the outcome or the understanding to interpret said information? Reliability Having information be reliable means the data is dependable, accurate and honest. An example could be finding reliable websites. It is possible for anyone to make a website. There are certain things to look for when making the decision if it is reliable. A person could check the extension such as .gov (government), .edu (educational) or .mil (military). These are most likely reliable since they have to be applied for and their use is controlled (Sanger). Credibility When something is credible it must be believed or trustworthy. Credible loans are a big issue these days. When someone close to me received a loan, a few years ago, she was fooled. I say this because she ended up paying the wrong company back almost four thousand dollars. Apparently the company was posing as the original company she borrowed from. She was gullible and ended up calling Homeland Security because of the situation (Credibility, 2007). Validity. To be based on truth ot having a foundation is when you find information valid. An example could be in medicine...
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...assets and decrease liabilities and equities. Credits (right-side entries) increase liabilities and equities and decrease assets. The debit(DR) and the credit (CR) rules are as follow：P19 Accounting element on which side is an increase recorded? On which side is a decrease recorded? | Assets Debit side Credit side Expense Debit side Credit side Liabilities Credit side Debit side Owner’s equity Credit side Debit side Revenue Credit side Debit side | Chapter3 What’s financial performance? 什么是损益表？P36 The purpose of the Statement of financial performance is to measure and report how much profits (wealth) the business has generated over a period. 表格的基本格式 P36 What’s depreciation? 什么是折旧？ Depreciation is the annual allocation...
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...chapter3. 1. In NSD process cycle,, there are 3 enablers which are people, system and technology. First, skilled employees should be recruited, trained and empowered to deliver service excellene embodied in the product. With those employees, we have to make idea generatiion and concept developmeent testing. After that, systems for NSD should be established to do business analysis. At this point, we should consider that social norms need to be considered. Next, we have to gain significant competitive advantage based on innovative technology. Then, we can test our product and marketing with those enablers. Lets make an exmaple 1. Sk has to hire the technician and engineer for developing network(idea) 2. Sk has to analyze whether this idea is economically, technologically and socially acceptable. 3. Sk has to test the service if it works or not based on the technology given. Lastly, if it works, Sk can launch this service product. 2. In Strategic position, there are 2 types of structural alternatives, which are lower complexity and higher complexity. Int his process, complexity means that if degree of complexicity is high, then more personalized and customized products are available. on the other hand, if degree of complexity is low, then it leads to more standard service. Let s assume we are running a clothing store. We currently have lauched 4 basic color t shirs. in order to make more profits, we have launched more types of t shirt, and finally it brings more...
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