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Building an Internally Compensation System

An effective internal compensation system will require careful planning as it will play a significant role even more so in workforce planning. The paper will go over the strategic process that will be implemented to provide a road map to ensure that the correct processes are in put place to facilitate the increased in the workforce. Necessity for Compensation Systems According to Martocchio (2017), internally consistent compensation systems undoubtedly outline the comparative value of each job among all jobs within…...

A Case Study of Domino’s Pizza’s Crisis Communication Strategies

If a company experiences a huge crisis, there is no shortcut: the companies will definitely suffer and without elaborate strategies, and the company might never be the same again. The point of debate holds that instead of responding to a crisis as a defeat, the company should recognize the fact that it is another opportunity window and find the best approach out of the crisis, essentially, with its brand image and reputation intact. In reference to Weiss (2009), possessing knowledge…...

Competitive advantage in the airline industry

The airline industry has grown tremendously over the last few years. In the past, there were very few airlines operating across the world. However, today there is a great development in the industry. The growth of the airline market has led to a lot of competition amongst the stakeholders. The development of an effective strategy is believed to be the only solution to overcome this competition. The success of any airline currently is dependent on the suitability of the adopted…...

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Unemployment in the United States

Since the end of the Great Recession, the United States economy has created more than 8.3 million jobs with the unemployment rate has falling from 10 percent to 5.7 percent. The labor market is much better today than at any point since the Great Recession. The unemployment rate measures the number of people actively looking for a job as a percentage of the labor force. Unemployment in the United States averaged 5.83 percent from 1948 until 2014. It rose to…...

Role and Effectiveness of Auditing in Business

Globalization of the world economy, complexity of businesses, technological advancement coupled with allegations of fraudulent and inaccurate financial reporting have recently led to increased attention to financial auditing (Karagiorgos et al., 2009). Financial accounting is a process that involves collection and processing of financial data to help in making decisions by parties external to the organization (Deegan and Unerman, 2006). Financial auditing, on the other hand, is an objective assurance, independent, and consulting process designed to improve operations and add…...

Conflict between Trade Unions and Management

According to Fox, a manager should have an alternative ‘frame of reference’ that will help in analysing employee relations. Many managers use unrealistic ‘frames of reference’ that end up distorting the existing facts thus making solutions very elusive. Fox further explains that there is the need to develop an efficient and effective frame of reference that can view industrial relation conflicts in a realistic manner offering proper solutions (1966. Pp. 34). Fox is against some unrealistic ideologies that are used…...

Southwest Airlines

Southwest Airlines is an organization in the Airline industry and it has remained to be a competitive leader in this industry since its inception. It is the America’s largest low-fare carrier and domestically it serves huge number of customers than any other Airline. This organization operates more than three thousand flights daily. Southwest Airlines operate under an environment with intense competition; however, its marketing strategy has helped the organization to have a competitive advantage over its competitors. In all southwest…...

Evaluation of Corporate Performance at Hershey Company

Introduction Hershey Company History Hershey chocolate company was founded in the United States by Milton Hershey in 1909. The Hershey Company is a leading manufacturer of quality non-chocolate and chocolate and other chocolate-related grocery products in North America. The company has in excess of 80 brands around the globe and its annual revenues are about $ 7.1 billion. Some of the famous brands of Hershey Company include Jolly Rancher, Reese’s, Hershey’s, Ice Breakers and Hershey’s kisses (Bozich, 2009). Hershey Company…...

Public Finance as the study of income

Public FinanceIntroductionAccording to Hyman, 2010, the term public finance is defined as the study of how the government through rationing the use of government goods and services and funding their resource costs affects price incentives, production possibilities, and resource utilization. In the case, the author implies that the public finance sector is wholly identified as government related, and the private sector has very little influence on its activities. Chand, 2008, defines public finance as the study of income, debt, and…...

The Truth And Nothing But The Truth? The Legal Liability Of Employers For Employee References

Negligent Referral Introduction             Common law refers to a legal system native and developed in England and in which court decisions set precedence in decreeing case laws subject to usages and customs rather than the codified written laws. In common law, the duty of care refers to a legal obligation in which an individual is demanded to confirm to a standard and degree of reasonable care while undertaking any activity that could inflict foreseeable harm to others (Martin & Jonathon,…...

The 2007-2008 Financial Crisis

The 2007-2008 Financial Crisis Introduction             The 2007-2008 financial crisis is also referred to as the global financial meltdown of 2008 and is ranked as the worst financial crisis after the great depression. The crisis started in the United States of America before spreading to other continents. It caused enormous economic losses and threatened the total collapse of big banks both in America and abroad. To avert a larger economic crisis, many governments came up with bailout plans aimed at…...

Money cannot buy happiness

Money cannot buy happiness Introduction             Money. What is money? Is being able to buy anything in this world means you can buy happiness. Money is happiness? Money is something that helps you to acquire thing that you desire in life including basic necessities. As a matter of fact, you need happiness in life. Although people say that money cannot buy happiness, I believe that money can buy happiness.             I believe that money is everything in this world. True…...

Crisis and Trauma Counseling

Crisis and Trauma Counseling Introduction             Wright who is the author of this book begins by discussing his own individual dilemma where he had to make a decision. Wright narrates a life story which serves as a basis through which the human decision making subject is built. Wright uses this approach to relate to his reader whilst examining trauma counseling and also personal crisis. Wright defined the crisis nature where he depicted that there is no individual who can escape…...

The Cuban Missile Crisis

      Historians describe the 1962 crisis as a tripartite affair between Cuba, Soviet Union and America. Each country had the power or the probability of affecting the outcome of the crisis in any way it deemed fit. However, contrary to numerous beliefs on the crisis, Cuba was alone as it could not count on the support of the Soviet Union for long. Worse still, Cuba was continually threatened by America; thus, Cuba’s approach was to support radical movements…...

Differentiate between free market economy and mixed economy

Economics Introduction Differentiate between free market economy and mixed economy        Economics is part of business that deals with the production, distribution and consumption of goods or services in the society (Paul, 2008). Economics contains many aspects that helps define different markets, which attribute to the applying of goods and services and also deal with individual needs and some economic issues. Free market economy has free reign on production and distribution of goods or services. In this market,…...

Effective resource allocation among the various economic systems

Effective resource allocation among the various economic systems Introduction Efficient utilization of economic resources by different economic systems        An economic system is scenario whereby goods and services produced in a country or an entity and the resources within are distributed within the existing subsystems. The subsystems in this context entail the combination of agencies, entities and consumers that make an economic structure of a certain community. Or the various sub structures within an entity. The interlinking capacity…...

International Game Technology IGT

International Game Technology (IGT) Introduction        The short term and long-term debt for International Game Technology as at 31st March 2014 stand at $ 1,426,400 and $ 1,760,500 respectively. The total liabilities for the company sum up to 3,186,900. This information is generated from the company quarterly report. The market value of equity of IGT is $ 3.98B and the outstanding share is $ 24M.        The debt ratio helps a company compare its total debt…...

Theories on Employee Relations

Introduction        Conventionally, employees are deemed to strike for various reasons. From scholarly works, a strike is defined as suspension in production as the workers and their employers engage in the possible way of dividing the surplus that has been achieved within their relationship. (Metcalf and David, 1993) From modern perspective, strikes involves at least one of the arguing parties having some private information that they do not want the other party to get hold of about this…...

Third world countries debt crisis

Third world countries debt crisis Introduction        Debt Crisis is a condition in which a country has heavy external debts and is unable to pay the principle of the debt. Moreover, it also refers to a situation where a state uses large percentage of its foreign exchange in serving the debts and even goes to an extent of borrowing more loans, so as to meet the most urgent and important duties in its economy(Aluko and Arowolo 2010a). This…...

Disability Discrimination Employment Law

Disability Discrimination, Employment Law Introduction        The employment law governs the duties and rights between employees and employers and are also referred as labour law. The rules are largely designed to keep the workers safe as well as ascertain that they are treated reasonably within the workplace. In addition, the Employment Laws are also enacted to protect the employer’s interest. In a nutshell, Employment Laws are based on national and state charter, administrative rules, court opinions and legislation.…...

Pump and Dump: The Rancid Rules of the New Economy

            Mr. CEO was very efficient when he requested a report on the study of organizational culture in the company. The shared knowledge in an organization concerning the rules, norms and values that shape the attitude, and the behaviors of the organization’s employees are termed as the organizational culture. Organization culture has its components in the business that helps the culture to be successful in its functioning. In addition, organization should have a strong culture…...

Case in motivation and teamwork of Starbuck

Formal teams are groups whose structures are clearly specified mainly of the basis of specialization. In these kinds of groups, the members are not equivalent and every one of them has a rank (Moorhead && Griffin, 73). For instance, there are managers, managers and other junior staff members. It is worthy keeping in mind that every member of a formal group performs their particular responsibilities. For instance, supervisors remain in their offices and issues regulations to their juniors. On the…...

Role of government in correcting market failure

          Market failure is very common in many markets in the world, it occurs when a well -established market fails to allocate resources properly. There are many types of market failures that exist but failure of the market on resources will be the main focus of the paper. It is the desire of any government to have a resourceful market because market is one of the major pillars of the economy. When market fails, the whole…...

The main elements of the Washington Convention 1965 on arbitration

Introduction             Many trade contracts on an international scale feature a clause in the arbitration process; it is the process taken in the incidence of a dispute.One main reason for opting for arbitration is that it allows the parties to the contract to select the legal principles and the rules to govern their contractual relations. This aspect of the trade agreements is commonly referred as the autonomy of the parties to the agreement.It is one…...

The ultimate financial plan balancing your money and life

Financial plans are written, structured approaches for sustaining financial fitness and attaining financial objectives. An individual might employ a financial planner or not, but it is a personal responsibility to consider and come up with a personal financial plan based on their unique preferences, circumstances and objectives. A personal financial plan is very crucial since it will help me to accomplish both short-term and long-run goals. My short-term goals are the goals I wish to accomplish in less than five…...

Business ratios and formulas a comprehensive guide

Net profit margin of the company shows how much the profit after-tax profit made by a business for every $1 generated in revenue or sales (Bragg, 2008). A higher net profit margin is better in comparison to that of its competitors. In 2011 and 2012, Tesco was more profitable followed by Morrison’s Supermarkets PLC. However, in 2013, Morrison’s Supermarkets PLC was more profitable followed by Sainsbury.Roce This financial ratio measures the profitability and efficiency of a company with which its…...

BitcoinOn bitcoin and red balloons. Bitcoins

Bitcoin is a technology that uses digital currency. It does not involve intervention of the banks. It is used in online transactions. It is referred to as peer-to-peer money transfer because there is no third party involved. An individual can pay or be paid for goods and services offered directly without involving middle-men; in this case, banks. The technology was created in 2009 by Satoshi Nakamoto (Reid, et al., 2011, p.45). Transactions using Bitcoins does not have any fees. They…...

Ukraine in The World Bank Group

There have been major changes that have been experienced across the world and in many countries, Ukraine being one of them. Ukraine has experienced several changes in terms of population, labour, income distribution, education, social mobility as well as the living conditions of the citizens over the year 2008 to 2015. Over the year 2008 to the year 2015, the population of Ukraine have been observed to decline due to the large number of older people. In the year 2013,…...

The Africa National Congress (ANC)

The Africa National Congress (ANC) was the first party in South Africa to win under democratic elections. One of the major reasons of its resounding victory in 1994 was its promises to improve the living standards of majority to almost 85% of total population. From many problems which were facing South Africa, when combined formed a package of strategy known as Employment and Redistribution (GEAR) macro-economic strategy. The strategy was introduced in June 1996. Even though there has been achievement…...

Sales And Marketing of SureCut Shears

There were many compounding factors that caused SureCut Shears to be unable to pay its bank loan by March 31, 1996. When looking at the pro forma income statement as compared to the actual income statement we see the following inconsistencies, which are contributing to SureCut’s financial problems: Anticipated Actual Dollar Loss Contributed Sales25,80022,9872,813 COGS (% to Sls)70.5%73.8% 768 Gross Profit (% to Sls)29.5%26.2% SG&A Expenses (% to Sls)9.4%10.6% 269 Total dollar loss contributed by increase in expenses 1,037 Total…...

Reviewer Prelims

Limitations to Economic Models Models: > an abstract generalization of how relevant facts actually relate to one another. > simplified pictures of reality 1. Liberal Use of Assumptions 2. Ceteris Paribus – Everything else remains constant 3. Short Run – Long Run > Short Run is a time range within which output can be adjusted only by changing the amounts of variable inputs remain unchanged. > Long run is a time period that is long enough to permit changes in…...

Employee Resourcing and Development

Employee resourcing and development is essential to all organisations and highly contributes towards the organisations success. Employee resourcing is ‘the part of human resource management which focuses on the recruitment and release of individuals from organisation’ and ‘the management of their performance and potential while employed by the organisation’ (Pilbeam & Corbridge, 2010). Employee development is ‘the process & facilitation of learning and knowledge that support business goals, develop individual potential and respect and build on diversity’ (Harrison, R., 2009).…...

Walmart Strategic Recommendation

While reading this case about Walmart, one of my own personal experiences kept coming to mind. I was shopping for my first TV, and was discussing the options with my friend. I said that I had looked around at Best Buy and Target, but I would probably get my TV at Walmart because they had the best prices. My friend, however, was scandalized that I would even consider shopping at Walmart. “Do you know how they treat their employees?” he…...

Generic Strategy

Michael porter developed 3 generic strategies: cost leadership, differentiation and focus. They are developed to create a defendable position in the long-run, outperforming competition and establish a competitive advantage. However does the generic strategy lead to sustainable competitive strategy? This analysis will explain in detail. Cost leadership means setting out to become the low-cost producer of its industry. Each industry is different and provides with diverse problems. Cost leadership can come from many different forms such as: pursuit of economies…...

Case StudyCredit

Introduction In the case study honesty testing at the Carter Cleaning Company, there are issues of theft. They find themselves struggling with the processes of screening for honest hardworking employees. The owners, Jennifer and her father, are looking for a way to minimize the employee turnover and more so is theft prone. Questions and Answers to the Questions What would be the advantages and disadvantages to Jennifer’s company of routinely administering honesty tests to all its employees? According to Dessler…...

International Economics Gerber Study Questions

The United States in a Global Economy 1.Outline Introduction Globalization in Perspective The Growth of World Trade Capital and Labor Mobility New Features of the Global Economy New Issues in International Trade and Investment The Role of International Organizations Regional Trade Agreements Trade and Economic Growth Twelve Issues in the International Economy The Gains from Trade Wages, Jobs, and Protection Trade Deficits Regional Trade Agreements The Resolution of Trade Conflicts The Role of International Institutions Exchange Rates and the Macroeconomy…...

Accounting Martinez Corporation

Martinez Business has actually decided to introduce a brand-new product. The brand-new product can be manufactured by either a capital-intensive technique or a labor-intensive technique. The production method will not affect the quality of the product. The estimated manufacturing expenses by the 2 methods are as follows: Capital Labor Intensive Direct materials $5 per unit $5.50 per system Direct labor $6 per system $8.00 per system Variable overhead $ 3 per unit $ 4.50 per system Repaired production costs $…...

Homeless in America Research Paper

We see them all the time. Homeless people sit at street corners, holding signs, and asking for money or food. We may look at them, choose to ignore, or choose to give, but for many of the homeless, this has become their way of life. The reason I chose this topic was because of my recent volunteer work with the Salvation Army and Thrift Store in Grand Forks. I have seen people in desperate situations and heard some stories while…...

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