... as people, not just employees. Improving the quality of work life is one of the most important trends in personnel management in the 1980's. More and more personnel managers are reporting to the president of an organization rather than a vice-president. (Mathis and Jackson, 1985) Organizations should endeavor to achieve a working environment conducive to job satisfaction. Why? Because employees who get satisfaction from the work they do tend to do quality work consistently, which benefits the organization. At the same time, the individual owes it to him/herself to seek work that is most fulfilling to him. Failure to do this leads to the quote from Studs ...
... in products that don’t work. Sony is willing to write off these investments and feels that its success in products that do work far exceeds poor investments. This may work well in a market with minimal competition, but Sony is not in such a market. Consumer electronics is becoming increasingly competitive and cost driven. Companies must have a balance of creating products for an existing market as well as creating markets for new product. Morita once said, “We don’t market products that have already been developed; rather, we develop markets for the products we make.” This mindset may be why Morita is no longer CEO of Sony Corporation. An ...
... and Ruben Burks (catastrophe supporter). In the beginning, there were many advantages of having GM as the dominate employer in Flint. The quantity of GM jobs in Flint provided for an economic boom town in the 1960's and 1970's. Money from General Motors trickled down from the workers to every part of the economy of Genesse county. The population was on the rise which meant more homes, roads, and businesses. It was all to good to be true. When Roger Smith (then President of GM) decided to relocate numerous jobs from the Buick City, it was time for Flint to pay the piper. The large dependency on GM brought upon a rapid decline in the economy unparalleled ...
... 1994. The growth in cost of sales from 1993 to 1995 was driven by Pentium microprocessor and board-level unit volume growth, new factories coming into production, shifts in process and product mix, and in the fourth quarter of 1995, by costs associated with unusually high reserves related to inventories of certain purchased components. Gross margin for the fourth quarter of 1994 included the impact of a $475 million charge, primarily to cost of sales, to cover replacement costs, replacement material and an inventory record related to a divide problem in the floating point unit of the Pentium microprocessor. As a result of the above factors, the gross margin percent ...
... complicated institution with many responsibilities, including the regulation and supervision of over 10,000 commercial banks. The organization of the Fed is included in the Appendix to this paper. The Board of Governors is the most important group within the Fed. The Board consists of seven members, each appointed for 14 years by the President of the United States. The chair of the Fed, also appointed by the President, has a term of 4 years, and is sometimes said to be the second most powerful man in the country. The Fed is an inde-pendent agency, and thus does not take orders from either the President or Congress. The US is divided into 12 Federal Reserve dis ...
... but not immoral. Soros believes that capitalism can be effectively mediated by and open society. He does not define precisely what this means, but he suggests that society needs to be able to experiment with cultural value systems. Standards of right and wrong may change with technology and with social process; however, the involvement of the state in resolving conflicts, and in a democratic society, he sees as inevitable. According to Soros’ opinion too, to be able to stabilize and regulate a truly global economy, the world will need a global system of political decision-making. In short, a global society is needed to support the global economy. A globa ...
... habits in early life. Here are some rules that are helpful in forming a good life. Here are some rules that are helpful in forming good habits. Honesty - "Honesty is the best policy" is a proverb to which we cannot well conform. There are so many temptations in the society that through a little carelessness we are led astray. Industry - every man, every woman, every boy and every girl, must have proper work to do. To do nothing and lie idle is to bring ruins upon oneself. Enthusiasm - Enthusiasm is the basic element on the to succeed. The difficulties in our way are tremendous, and what can we accomplish, if we don't do it with enthusiasm? Thrift - There ...
... staff to achieve goals that have been set is a vital and important part of the managerial role. Although it is apparent that to become or be motivated does not always rely on drive and goals - it can often arise through voluntary action as well. McDougall (1908) made this extension of the concept of motivation to 'voluntary behaviour' explicit by suggesting that instincts were the 'prime movers' of all human activity. McDougall disagrees with the drive theorists arguing that the instincts of staff in the workplace provide a major source of motivation. Hebb (1949) also disagrees with the assumptions that directed and persistant behaviour is always preceeded by 'e ...
... the reconstruction of Europe after WWII and for investment in the developing world. The initial priority (reconstruction of Europe), ends in 1955 and all lending to Europe ends in 1967 and doesn't resume until 1989 with assistance to Central and eastern Europe. Investment in the developing world is done by lending for projects unable to attract private financing, neoliberal philosophy is followed to decide what is considered economic development. The IBRD is the largest source of development assistance. The IBRD is an official or sovereign lender and operates as a bank, not an aid-giving agency, It is very conservatively managed and it has a very profitable op ...
... for International Business Cycle Research said that its leading inflation index rose for the fourth straight month in October to 109.0 from a downwardly revised 108.7 in September." With the rise of material costs it is a clear indicator of inflation. Inflation is clearly measured by the price index such as those numbers stated above. Price Index clearly measures the general level of prices in any year relative to prices in a base period. There are different types of inflation one is Demand Pull Inflation; meaning "changes in the price level are attributed to an excess of total spending beyond the economy's capacity to produce. Because resources are fully empl ...
