... | | | | Introduction Verizon Wireless is one of the major cell phone companies in the United States. According to its website, it has 73,000 employees and over 1900 retail locations. Its annual revenue in 2012 was $75.9 billion.Verizon Wireless was founded in 2000 by Verizon Communications and Vodafone. This company is very successful in the retail channel. Having worked in this channel with the company for three years and being a customer of the company for eight years has given insight into how important productivity is for continued success. (http://aboutus.verizonwireless.com/company/story/) In 2000, Vodafone AirTouch and Bell Atlantic Corp. received regulatory approval to combine their U.S. wireless assets, Bell Atlantic Mobile and AirTouch Communications. This $90-billion joint venture began operations as Verizon Wireless on April 4, 2000. Verizon quickly grew as it acquired other cellular companies. In 2000 it acquired network from Bell Atlantic. Rural Cellular Corporation was acquired in 2008. Alltel, a popular southern cell phone company was acquired the next year. In that same year Verizon Wireless developed a partnership with Google to promote the new cell phone operating system Android with a line of cell phones specifically for Verizon...
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...MANAGEMENT AND PRODUCTIVITY Nicholas Bloom John Van Reenen Working Paper 16019 http://www.nber.org/papers/w16019 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 May 2010 This paper has been prepared for a chapter in the Handbook of Labor Economics Volume IV edited by David Card and Orley Ashenfelter. We would like to thank the Economic and Social Research Council for their financial support through the Center for Economic Performance. This survey draws substantially on joint work with Daron Acemoglu, Philippe Aghion, Eve Caroli, Luis Garicano, Christos Genakos, Claire Lelarge, Ralf Martin, Raffaella Sadun and Fabrizio Zilibotti. We would like to thank Orley Ashenfelter, Oriana Bandiera, Alex Bryson, David Card, Edward Lazear, Paul Oyer, John Roberts, Kathy Shaw and participants in conferences in Berkeley and the LSE for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. © 2010 by Nicholas Bloom and John Van Reenen. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Human Resource Management and Productivity Nicholas Bloom and John Van Reenen NBER Working Paper No. 16019 May 2010 JEL No. L2,M2,O32,O33 ABSTRACT In this handbook of labor economics chapter we examine the relationship between Human Resource...
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...Bachelor on Business Administration with Banking and Insurance of Pokhara University have been assigned to perform 6 weeks internship on a particular institution and to make an internship report accordingly. This task has been assigned by Management Faculty of the Pokhara University as a partial fulfillment of the requirement for the degree of BBA-BI program. Faculty of Management; Pokhara University has its ultimate objective of educating students for professional pursuits in business, industry, government, and non-government sectors. It is further dedicated for increasing the knowledge of business, service and public administration. The trend of internship has been continued since the establishment of P.U. in the year 1997. It aims to give students the opportunity to realize and understand the real life business and professional performance and problems on different activities of financial institution. An internship is a work-related learning experience for individuals who wish to develop hands on work experience in a certain occupational field. It involves working your expected career field. It gives the students a valuable experience and a chance to get...
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...Question 1 Most insects use external sources of heat to achieve their operative temperature range. Heinrich's research on the sphinx moth (Manduca sexta) indicates that some insects can thermoregulate by using their flight muscles and: A. using their blood as a coolant. B. decreasing their metabolic rate. C. possessing an internal respiratory system. D. using a countercurrent heat exchange mechanism. Question 2 The thermal stability of aquatic environments is a result of the: A. high specific heat of water. B. low latent heat of vaporization of water. C. low latent heat of fusion of water. D. All of the choices are correct. Question 3 Animals that rely mainly on external sources of energy for regulating body temperature are called: A. epitherms. B. endotherms. C. ectotherms. D. peritherms. Question 4 In general, reptiles are considered to be a/an: A. poikilotherm. B. homeotherm. C. endotherm. D. heterotherm. Question 5 Mammalian and avian aquatic endotherms use all of the following mechanisms to thermoregulate EXCEPT: A. fat. B. internal respiratory systems. C. fur or feathers. D. concurrent heat exchange. Question 6 The water availability for organisms is determined by: A. internal dissolved ion concentrations. B. external dissolved ion concentrations. C. movement of water down its concentration gradient. D. movement of water...
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...Introduction: Management practice around the globe has a lot diversities because of the presence of different social, economic, political and legal and tax systems. After independence the industrial enterprises of this country were initially brought under the control of the government. Very soon it was realized that the nationalized sector was not performing as desired because of unsuccessful management practice. Since then the country has been going through denationalization process. And then every type of concepts and theories of different countries has been practicing in our country. But it is very difficult to say which type of management practice should be applicable for our country. This paper is just an attempt to analyze the different types of management practice especially in U.S.A., Japan, Germany and China in the context of Bangladeshi management practices on the basis of the basic functions of management. As per the findings, management practice in Bangladesh is not being dominated by any specific country's management practice. This paper will describe what types of management practice are made in those countries with respect to socio-cultural or environmental circumstances and other legal and govt. policies. Why will we analyze and/or study Management Practices among the countries? The concept of comparative management has become more important in recent years because of the growing influence of multinational companies and global corporation. MNCs are businesses...
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...PRELIMINARY NOT FOR QUOTATION Increasing Global Competition and Labor Productivity: Lessons from the US Automotive Industry MCKINSEY GLOBAL INSTITUTE Martin Neil Baily Diana Farrell Ezra Greenberg Jan-Dirk Henrich Naoko Jinjo Maya Jolles Jaana Remes November 7, 2005 Preliminary Not for quotation 1. Introduction Increasing global competition is changing the environment facing most companies today. As trade barriers fall and transaction costs decline, new global competitors are entering previously more isolated domestic markets. In response to this intensified competitive pressure, local companies are pushed to enhance performance by innovating and adopting process and product improvements. This domestic sector dynamic leads to higher productivity, which, in turn, can create sustainable competitive advantages for companies, as well as being the most important driver of job creation and per-capita income growth for the economy. This link has been established in McKinsey Global Institute’s extensive country productivity research. Our new study goes further than previous research by focusing on how increasing global competition leads to productivity growth, using the US automotive manufacturing sector as a case example. More specifically, we have focused on the production of new vehicles in the US, including parts assembly. We have chosen this example because of the globally competitive nature of the automotive market and the size of the US...
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...Individual essay: Electrocomponents PLC Name: Institution: Date: Individual essay: Electrocomponents PLC Introduction Electrocomponents PLC is a multinational company based in the United Kingdom operating in the distribution of electronics and maintenance products. The international firm’s products include electrical, test and measurement, electronics, control, automation, and support. The company has expanded and established branches in United Kingdom, Asia Pacific, North America, and continental Europe. The office in the United Kingdom controls the operations in United Kingdom and exporting of products to distributors in countries that do have the firm’s local operating subsidiaries. Continental Europe controls operations in Spain, Germany, Ireland, Belgium, Hungary, Poland, Sweden, France, Norway, Austria, Italy, the Netherlands, Czech Republic, and Switzerland. The North American branches control the firm's operations in Canada and United States of America. Asia Pacific controls the operations in Japan, Taiwan, Chile, China, Philippines, Singapore, Malaysia, Thailand, South Africa, New Zealand, and Australia (Mullins and Walker, 2013). The firm operates under two principal brands namely; allied electronics (united states of America and Canada), and RS Components operating across the globe (in over 24 countries). The firm has over one million customers from eighty countries to whom it distributes over 500,000 products acquired from over 2,500 suppliers across the...
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...A2 level Biology notes Unit 4- Populations and the Environment 1. Populations 3 1.1 Populations and ecosystems 3 1.2 Investing populations 3 1.3 Variation in population size 5 1.4 Competition 6 1.5 Predation 8 1.6 Human populations 10 2. ATP 12 2.1 Energy and ATP 12 3. Photosynthesis 14 3.1 Overview of Photosynthesis 14 3.2 The Light- dependent reaction 16 3.3 The Light Independent Reaction 17 3.4 Factors Affecting Photosynthesis 18 4. Respiration 20 4.1 Glycolysis 20 4.2 Link reaction and Krebs cycle 21 4.3 The electron transport chain 23 4.4 Anaerobic respiration 24 5. Energy and Ecosystems 25 5.1 Food chains and Food webs 25 5.2 Energy Transfer between Trophic Levels 26 5.3 Ecological Pyramids 27 5.4 Agricultural Ecosystems 28 5.5 Chemical and Biological Control of Agricultural Pests 29 5.6 Intensive Rearing of Domestic Livestock 31 6. Nutrient Cycles 33 6.1 The carbon cycle 33 6.2 The greenhouse effect and global warming 34 6.3 The Nitrogen Cycle 35 6.4 Use of Natural and Artificial Fertilisers 36 6.5 Environmental consequences of using nitrogen fertilisers 36 7. Ecological Succession 37 Succession 37 7.2 Conservation of Habitats 38 8. Inheritance and Selection 39 8.1 Studying inheritance 39 8.2 Monohybrid Inheritance 40 8.3 Sex Inheritance and Sex Linkage 41 8.4 Co-dominance and Multiple...
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...Task 1.1 Draw on the content from module 1 and 2 to conduct a critical analysis of the two job related attitudes: job satisfaction and organisational commitment as they manifest in this case. Work related attitudes are thought of as an important measure of tendencies that an employee may have towards: another person, event, product or process (Marr 2002). The most commonly analysed attitudes at work are: Job satisfaction and organisational commitment. Job satisfaction being the degree to which individuals feel positively or negatively about their work (Wood et al 2013) and can be thought of as an emotional state resulting from a self evaluation of job experiences (Locke 1976) Organisational commitment is the sharing of beliefs and values of an organisation (Meyer & Allen 1991). Hulin (1991) noted considerable overlap between the two attitudes: job satisfaction and organisational commitment, the only difference being their targets, the target of job satisfaction being the satisfaction of one position and the target of organisation commitment being the organisations success (Hulin 1991) In the “Geeks of Chic’ case study there are many work attitudes displayed which indicate different levels of job satisfaction and organisational commitment. Organisational change through the amalgamation, downsizing, remuneration, promotion and hiring processes has been the contributing factor to the varying attitudes and commitment. The local government team is made of 6 people the leader:...
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...competitive forces in the economy since 1991, firms have faced growing pressure to cut costs in order to continue production. This study addresses the question of whether the increasing competitive forces from India’s trade liberalization affected the wages of male and female workers differently. Neoclassical theory implies that costly discrimination against female workers should diminish over time with increased competition (Becker 1971). We incorporate this idea into a theoretical model of competition and industry concentration in which the net impact of international trade on the gender wage gap could be positive or negative depending on the initial size of Becker’s discrimination coefficient. Our study tests the theoretical model using repeated cross sections of India’s NSSO household survey data merged with trade and production data from 1983 to 2004. We employ OLS and Fixed Effects techniques at the industry level to estimate the relationship between the male-female residual wage gap and measures of domestic concentration and international trade competition. Results indicate that increasing openness to trade is associated with a widening in the wage gap in India’s concentrated manufacturing industries. This result is consistent with female workers in India having weak bargaining power and a lower workplace status. They are thus less able to negotiate for favorable working conditions and higher pay, a situation that places them in a vulnerable position as firms compete...
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...February 2013 Table of Contents Executive Summary 3 Industry: Banking and Financial Services in Australia 4 Overview 4 PESTLE 5 Porter’s Five Forces of Competition 6 Firm: Westpac 7 Overview 7 McKinsey’s 7 S Framework 7 Competition Analysis 11 Blue Ocean Analysis 13 SMSF and Strategy Recommendations 13 What is a SMSF? 13 Three tiers of Non-Customers 13 Strategic Canvas – SMSF 14 3 Keys to Success: Tagline, Focus and Differentiation 14 Option 1 14 VRIO 15 Option 2 15 VRIO 15 Appendix 17 Industry Analysis Charts 17 Porters 5 Forces Analysis Detail 20 Westpac Strategic Priorities 22 Material issues 23 Executive Summary Westpac Bank is Australia’s first Bank, founded in 1817 and is currently one of the “big four” group of lending banks in Australia. Listed on the stock exchange in 1970, Westpac has a history of acquisitions, notably the recent (2008) purchase of St George, which contributes 19% of Westpac’s Cash Earnings. Westpac has a market capitalisation of $76.5 billion in an industry with an overall value of $208.6 billion, or roughly 10% of Australia’s GDP. The financial services industry in Australia is an Oligopoly, with the big four banks accounting for over 80% of the market. A mature market, players are converging, and the industry is forecast to grow at around 8% year on year to 2018. Competition in this industry is fierce, though there is also speculation that there may be significant price signaling amongst the “big four” in particular. Westpac’s...
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...1. Introduction In the challenges of global competition, companies worldwide are exploring different approaches to cut operation costs, improve product / service quality and meet rising customer’s expectation. According to Talha (2002), in order to compete effectively in global context, business firms must also have the flexibility to cope with short product life cycles, demands for greater product variety from more segmented customers and increasing international competition. One of the approaches which have been proven in cutting costs, improving quality and productivity and decreasing waste is the Just-In-Time (JIT) management approach. It is undoubted that JIT management application as a system for forced problem solving which brings a successful execution management of all production activities from designing to delivery. On the other hand, this approach draws out a number of limitations and risks that have to be overcome to achieve final goal. This paper presents the author’s findings and evaluation to investigate the impacts of JIT management approach within the context of operation management in the world of globalization. 2. Concept of Just-In-Time (JIT) Just-In-Time (JIT) is defined by Bozarth & Handfield in Introduction to Operations and Supply Chain Management, 2008 as “a philosophy of manufacturing based on planned elimination of all waste and on continuous improvement of productivity. In the broad sense, it applies to all forms of manufacturing and to...
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...Economics I Chapter 1: Economics for business ‘David Begg and Damian Ward – Economics for business’ 1.1 What is economics? Economics how individuals, firms, governments and economies deal with the problem of infinite wants and finite resources, it is the study of how the society resolve the problems of scarcity. Microeconomics: addresses the various market influences that impact upon a firm’s revenues and costs. Macroeconomics: addresses the economy-level issues which similarly affect a firm’s revenues and costs. Infinite wants: limitless desires to consume goods and services (big house, luxury car, designer shoes). Finite resources: limited amount of resources that enable the production and purchase of goods and services (salary, consulting fees, royalties from book, generous friends). Factors of productions: are resources needed to make goods and services: land (oil, gas, base metals), labour (China/India or Europe), capital (machinery, computers, office spare, retail shops) and enterprise (brings land, labour and capital together and organize them into business units that produce goods and services with the objective of making a profit, like shareholders). Production possibility frontier it shows the maximum number of products that can be produced by an economy with a given amount of resources. This illustrative tool can be used to highlight crucial economic concepts: Finite resources with a fixed quantity of resources an infinite amount of beer, or pizzas, cannot be...
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...resource page to determine what the individual strengths and weaknesses were of the team. Next, four motivational theories were chosen that were believed to be the best motivators to help the team through the changes caused by the merger/acquisition. The purpose of this paper is to assess the impact of the data that was gathered on employee job satisfaction and motivation. Personality Profiles Data, from the following individual surveys, is compiled in Table 1. Individual #1 Team member #1 is male and has worked with the company over 10 years as a professional. He is highly motivated by completing difficult challenges. He has a strong need to be liked by others and enjoys building close relationships with his co-workers. However, he would much rather work by himself. He is not motivated by setting and achieving goals and is only moderately competitive. He does not prefer an authoritative role and enjoys feedback on his work progress. Individual #2 Team member #2 is a male who has worked with the company less than two years in production/assembly. He is not motivated to improve his work performance and prefers little or no competition. He has problems focusing on the task at hand because of socializing with fellow co-workers. He desires no position of authority and does not want difficult challenges. He is highly confrontational but likes to work in a team setting. He doesn’t like to be influential or belong to group organizations. He likes to know...
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...does not focus on beyond rights, or on 5th freedom operations of non-ASEAN airlines within the region, though it recognises that these can have an impact on Open Sky arrangements. The rationale for Open Sky is taken to be to promote competition in the airline industry, and to give all airlines from ASEAN the scope to compete on intra ASEAN routes. Open Sky will also give airlines extra flexibility over their route development. Issues which need to be considered include: How well Open Sky will work in ASEAN? Will markets be competitive enough? Will there be shifts in hub location? Will anti competitive strategies affect operation? And will there be instability in the industry? 2. Experience of Open Skies Elsewhere There are many Open Skies bilateral agreements, and a few regional agreements. Few regional Open Skies agreements have led to substantial liberalisation or integration. The exception is Europe - Open Skies in Europe has meant the formation of a single aviation market. Significantly, this arrangement did not come about as a result of countries negotiating an open skies agreement - rather it was imposed on them by a central authority, as a consequence of the Treaty they signed when joining the Community. Open Skies have worked well overall in Europe. There has not been excessive instability, there has been a moderate degree of restructuring, and there has been significantly more competition, especially from the low cost carriers which now have an important...
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