... colossus. Sloan, president from 1923 to 1937, implemented a decentralized management system, now emulated worldwide. The auto maker competed by offering models ranging from luxury to economy, colors besides black, and yearly style modifications. By 1927 it had become the industry leader. GM introduced a line of front-wheel-drive compacts in 1979. Under Roger Smith, CEO from 1981 to 1990, GM laid off thousands of workers as part of a massive companywide restructuring and cost cutting program. In 1984 GM formed NUMMI with Toyota as an experiment to see if Toyota's manufacturing techniques would work in the US. The joint venture's first car was the Chevy Nov ...
... banks have expanded their dominance in the industry by acquiring key players in the industry or branching off into full brokerage services. For example, the brokerage firms for CIBC, Royal Bank, Toronto Dominion Bank, Bank of Nova Scotia and Bank of Montreal are Wood Gundy, RBC Dominion, Evergreen, Scotia McLeod and Nesbitt Burns respectively. In addition, the aforementioned chartered banks have also branched into the discount brokerage sector. As of December 1994, the Securities Industry as a whole included 158 firms, directly employs over 24,000 people, has operating revenue of $5.1 Billion and operating profit of $1.2 Billion (Appendix A). Within this indu ...
... is "move" which would mean that anyone who is moved to do something is motivated. Therefore, sitting on a tack, or at least the pain associated with it is a motivator. For those of us in Graduate School, we are aware that without a "B" average we will be eliminated from the program. Maintaining that average is our motivator. Attaining the certificate of graduation is our incentive. In psychology, at its most basic, a motivator is that which impels or compels an individual to act toward meeting a need. On a physiological level, thirst, hunger and sex are motivators or drives. They are basic needs which must be met. Relating this to a hospital environmen ...
... work with direct patient care. Psychiatrists must have completed high school and received a diploma. Then they must get a bachelor’s degree, most likely in a biology or mathematics related major. After achieving one’s bachelor’s degree, one must take the Medical College Administration Test to be accepted into a medical school. To get a medical degree, one is required to serve a two or three year internship in a medical facility or psychiatry clinic. One must also pass all of his final exemption exams. Then he is given either the National Board of Medical Examiner’s (NBME) or the Federation of State Licensing Examiner’s tests to be able to legally prac ...
... reimbursable by the owner/developer, and most standard form contracts include such provisions. Cost plus fixed fee contract: A cost-plus-fixed-fee contract is a cost-reimbursement contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract. The fixed fee does not vary with actual cost, but may be adjusted as a result of changes in the work to be performed under the contract. This contract type permits contracting for efforts that might otherwise present too great a risk to contractors, but it provides the contractor only a minimum incentive to control costs. Design and build contract, also known as "pa ...
... engineering jobs are paying well, proving that highly skilled labor is what employers want! “There is clear evidence that the supply of workers in the [unskilled labor] categories already exceeds the demand for their services,” says L. Mishel, Research Director of Welfare Reform Network. In view of these facts, I wonder if these trends are good or bad for society. “The danger of the information age is that while in the short run it may be cheaper to replace workers with technology, in the long run it is potentially self-destructive because there will not be enough purchasing power to grow the economy,” M. B. Zuckerman. My feeling is that the trend from ...
... experiencing a sustained CAD? Australia is experiencing a sustained current account deficit for many reasons. These reasons include: high interest rates, worsening terms of trade, high consumer spending and less saving, inflation, variations of the exchange rate, freight and tourism and international competitiveness. The first reason is the fact that interest rates on existing debt are high as well as the fact that we don't save enough, adds a considerable cost onto the final debt. Higher interest rates drive us further into debt than we began with, leading to a greater debt. Second is worsening of terms of trade. When import prices rise faster than expor ...
... He also set up the Securities Act and the securities Exchange Act that were overdue regulations for the Stock Market. In order to enforce all these new acts, he started the Securities and Exchange Commission. These actions got the banks and the financial system started in the right direction of what would be a slow recovery process. Roosevelt's next objective was to take care of the people. Though Roosevelt was a conservative, he realized the extreme need to help the poor. He had Congress respond promptly, and established the Federal Emergency Relief Administration that gave $500 million in relief to the poor people of the country. Roosevelt then went on to cr ...
... by giants (American, United, TWA) which offered nationwide and some international service, and by regional carriers, such as Southwest, which offered short trips between airports not served by the nationals. Deregulation of the airline industry brought about in 1978 introduced a situation in which the national and regional carriers were suddenly able to compete in an environment that resembled a free market. Rate schedules were lifted, price fixing was eliminated and route management was removed. The main factors that affected whether an airline could serve a particular city was whether or not that city had enough gates for the new carrier, and whether the car ...
... many state and municipal employees. Coverage became nearly universal in 1956, when lawyers and other professional workers came under the system. Social security is a government program that helps workers and retired workers and their families achieve a degree of economic security. Social security also called social insurance (Robertson p. 33), provides cash payments to help replace income lost as a result of retirement, unemployment, disability, or death. The program also helps pay the cost of medical care for people age 65 or older and for some disabled workers. About one-sixth of the people in the United States receive social security benefits. People become eli ...
