Marketing Principles Essays - Human Resource Management,

Marketing Principles A. Definitions 1. ABC ABC stands for activity based costing. This is defined as a method which identifies various activities needed to provide a product and determines the cost of these activities. I would say it is a method of breaking down the process of the business activity down to its root components. Then the causes of profit losses can be weeded out. For example, in a warehouse setting in which I worked, there were a few major departments which included receiving, stock dept., pick/pack, and shipping department. Merchandise traveled through the warehouse along this pathway. If say, production (boxes shipped) is down, we can specify the cause using this technique. Instead of just knowing that production is down, we may learn that the receiving dock is backed up , which leads to no merchandise for the stock dept., which results in orders being held up on the flows. Management can then find the cause of the backup in receiving and go from there. 2. ADEA Stands for the Age Discrimination in Employment Act, which, according to text, prohibits age discrimination and mandatory retirement. It was established in 1967. It pretty much explains itself. Basically, there cannot be a maximum age for employees, and termination can not be based solely on age. A good example of this would be a mother returning to the work force. They may be frowned upon due to their age. I have read somewhere that people over the age of forty are in a protected class, and cannot be discriminated against by virtue of the law. 3. BARS This stands for Behaviorally Anchored Rating Scale. It is defined as a rating technique that relates an employees performance to a specific job related incident. This definition doesnt really help me. It seems that the procedure is to define certain personality traits that are essential for a certain function, then to rate the prospective employee based on a scale of these trait. For example, someone applying to be a chef would be hired on base on a number of traits, one being prior experience. A ten on the scale would be something like, 10+ years of experience in a 4 star restaurant, while a zero would be no experience. The employees worth could be determined by a composite of all these scales. 4. COBRA Stands for Consolidated Omnibus Budget Reconciliation Act. This is defined as a policy established in 1985 which required continued health coverage (paid by employee) after job termination. This means that health insurers cannot discriminate base on a persons employment status. An example would be a victim of a downsized company, forced to work for a company which does not provide health insurance, and so must continue their current plan. 5. E P Stands for Effort yields performance, and is defined as: The degree of expectation that putting effort into a given task will lead to high performance. I would say, Is it worth all the trouble? For example, no matter how much effort I put into reading a first edition Crime and Punishment, written in Cyrillic figures, my performance in reading Russian will not improve in the least. However, if I put a good deal of effort in actually learning Russian from the beginning, taking a class or reading a how to book, there is a greater chance that my performance will increase. 6. EVA Stands for Economic Value Added system. It is defined as a control system that measures after-tax profits minus the cost of capital invested in tangible assets. This , according to text, is intended to capture all the things a company can do to add value from its activities. I would guess that this method roots out all unnecessary assets, as can be shown by increases and decreases in this figure. If a company is buying new real estate every year, this may lead to loss of net profits, if the real estate is purchased carefully. This fact could be discovered using this method. 7.ERG Theory Defined as a simplification of Maslows hierarchy of needs. This theory has three levels; existence, relatedness, and growth. This is a simplification which makes this psychological theory applicable to the business world. The achievement of these needs make for a satisfied worker. A warehouse worker first

Mrs. M shows

Mrs. M shows some signs of major depressive disorder. Mrs. M has been experiencing intense sadness without any real cause which is causing her to feel overwhelmed and perplexed. The most recent incidence was when a dish fell on the floor and broke which led her to sit on the floor, hit the floor with her fist, and cry. She stopped crying when she became startled at the fact that her hand was bleeding from pounding the broken glass. She then went into her car to go to work, when she began to cry again for no reason. She eventually called in sick to work. Mrs. Ms intense sadness, the above being one example, is a symptom of major depressive disorder. Mrs. M has also been experiencing melancholic features such as a loss of interest in activities that are usually pleasurable. She has withdrawn herself from activities with her children, leaving the job to her husband. She has also withdrawn from her social contacts at work, no longer eating with her colleagues, but being alone as often as she can. Her usual close to infallible work performance has decreased having several mistakes. Mrs. Ms lack of motivation and companionship are also signs of major depressive disorder. Mrs. M has also been under some stress at work within the past week. Her boss has become fairly demanding and short with her. In addition, Mrs. M has picked up several new responsibilities from a former paralegal. All of these stressors could have triggered the depression. To further investigate my hypothesis, I questioned Mrs. M on her physical well being during the past four to six weeks. Mrs. M said that she has lost ten to fifteen pounds and seems to be tired all the time. She was confused as to why she was always tired because she was getting a lot more sleep than usual. Mrs. M may be suffering from hypersomnia, which is also a symptom of major depression. I was very curious about the comment made about wanting to run away&...

Revolutionizing the Retail Sector Case Study Example | Topics and Well Written Essays - 1000 words

Revolutionizing the Retail Sector - Case Study Example The two systems incorporated advanced technology during their upgrade. Consequently, they reduced the costs that organizations incurred as they used the systems (Heidari, 2008). Additional challenges that the invention of the quantum blade and the retail blade system solved entailed rising ownership costs, incompatibility and in efficiency of systems as well as rising operational costs. Problems Digipos faced with regard to system upgrades Digipos experienced several challenges while designing systems that could reduce cost of operations within businesses. Consequently, the company has struggled to cope with changes in technologies that could tackle the desires of clients. Thirdly, Dogipo’s products were incompatible with other technologies. Additionally, the management wanted to reposition the company as leaders when designing technological products that served the needs of the retail businesses. Digipos was facing stiff competition from other companies that designed technolo gical systems that could be used in the retail environment. Besides, they were unable to design systems that were simple to use. According to Heidari (2008), the challenges that the company faced caused dissatisfaction among the users of the company’s systems. ... As a result, the company formulated systems that set the stage for exemplary results. Consequently, the management embraced the use of advanced technologies while designing systems. This facilitated the design of quantum blade and the retail blade system. Following the inventions, the company engaged in research that enabled the management to design systems that reduce the cost of operation within businesses. Additionally, Digipos designed systems that used reliable hard drives. This method was effective because consumer prefer systems that are reliable when reducing cost of operations (Stair & Reynolds, 2012). People embraced the use of the Quantum Blade and the Retail Blade system because the systems are affordable and simple to upgrade. Digipos has also designed systems that are compatible with systems manufactured by other companies. Digipos is equally succeeding because it focuses on the needs of clients while designing systems. They are also providing clients with several alter natives. In order to reduce the total cost of operation, the company has opted to upgrade their systems in phases to cope with the changes in the technology. It is equally evident that the systems designed by the company can handle difficulties that retailers face while adjusting their systems (Sennewald & Christman, 2008). It was previously costly for small businesses to install systems manufactured by Digipos. However, this changed with the invention quantum blade and the retail blade systems. These systems are inexpensive and easy to upgrade. Compare and contrast the Quantum Blade to the Retail Blade The Quantum Blade and the Retail Blade