mis lecture slide for mba

... To – The optimistic (shortest) time Tp – The pessimistic (longest) time Te – The calculated time estimate Remember Contingency Te = To + Tm + Tp Construct an Event Sequencing Table for the Project ... TM Derive budget for marketing plan TM Obtain management approval TM Source welcome gifts AK Design promotion materials HL Design spending program criteria TM Source rewards for spending AK Printing ... above – work out your strategy for each Types of Power Role produce the outcome you want with people who report to you like team members Expertise people who not work for you Outcome may not be exactly...

Ngày tải lên: 18/11/2016, 12:27

... out what information you need to solve a problem by analyzing what information you have in an effort to determine what information is missing Often, it is this missing information the information ... Marshall Plan) For more material and information, please visit Tai Lieu Du Hoc at www.tailieuduhoc.org Get a feel for - (Verb) Acquire some general information about "Let me get a feel for this: how ... have to ask for a new fork because the one at your place is dirty, don't give a life history of the fork [don't explain where the dirt is or how it got there] Just ask for a new fork." Lifestyle...

Ngày tải lên: 03/10/2012, 10:33

... approved by the Senate for a term of seven years No more than a simple majority of the commissioners may belong to the same political party, and a commissioner may be removed for “just cause,” including ... offered more for the corporation’s stock than the current price The first bidder is not necessarily the one best able to improve the performance of the target corporation, and therefore the first ... the case of takeovers But there are possibilities for overlap that are worth noting A justification for a controversial severance-pay contract for top managers is based on the desirability of...

Ngày tải lên: 18/10/2013, 00:15

... securities by corporations and disclosure of information relating to those issuances The commission has five members, who are appointed by the president for terms of five years It has jurisdiction ... is responsible for ensuring the purity, safety, effectiveness, and accurate labeling of certain foods and drugs No prescription or overthe-counter drug can be sold on the market before it has been ... market before it has been judged safe and effective by the FDA The agency is also responsible for enforcing a wide variety of consumer protection laws pertaining to the labeling, packaging, and...

Ngày tải lên: 20/10/2013, 20:15

... explained as an indirect form of taxation—in the sense that taxation is the government’s means of extracting money to pay for what are viewed as public goods and services For example, until 1978, ... free to allow market forces to determine the interest rates on all their accounts Surface freight forwarding had its entry, exit, and pricing deregulated in 1987 Because economists have not extensively ... operations Discount carriers could charge less for the use of their long-distance transmission facilities mainly because they did not need to pay for switching equipment and local lines, which...

Ngày tải lên: 20/10/2013, 20:15

... process for prices in general As U.S demand for foreign goods rises, the demand curve for francs shifts outward from D1 to D , shifting the equilibrium from E1 to E As foreign demand for U.S ... more foreign imports, both directly and in the form of domestic goods that incorporate foreign parts or materials Either way, an increase in real incomes leads to an increase in the demand for foreign ... relative prices of foreign and domestic goods change If prices increase faster in the United States, for example, Americans will want to buy more foreign goods and fewer domestic goods Foreigners, on...

Ngày tải lên: 24/10/2013, 18:15

... for yielding to client pressure for higher ratings would cease to have the credibility that its clients are paying for So, in the bond rating business, corporations commonly give good money for ... abusive customers can make work a form of “hell” for the workers If forced to take excessive abuse, the workers would, no doubt, demand higher wages to compensate them for this abuse At some point, ... prefer and be willing to pay more for the second This situation suggests what looks like a profit opportunity for one of the hotel owners; establish a reputation for catering to the affluent and...

Ngày tải lên: 24/10/2013, 18:15

... D1 Differences in skill may also account for differences in wages Most wages are paid not just for a worker’s effort but also for the use of what economists call human capital Human capital is ... is greater for jobs offering nonmonetary benefits—S rather than S Given a constant demand for labor, the wage rate will be W2 for workers who not receive nonmonetary benefits and W1 for workers ... 15.2) If you survey your MBA classmates, for example, you will probably find that more of them would be willing to work at a job that paid $50 an hour than would work for $20 an hour (At $500...

Ngày tải lên: 24/10/2013, 18:15

... of the individual markets for corn, records, books, and so forth—that operate within the broad national economy When economists measure, explain, and predict the demand for specific products such ... their holdings of cigarettes, prices fell Radford saw a form of social order emerging in these spontaneous, voluntary, and completely undirected efforts Even in this unlikely environment, the ... concerned with how information about wants and resources is transmitted or shared through, for example, prices in the market process and votes in the political process Indeed, the “information problem”...

Ngày tải lên: 29/10/2013, 01:15

... more than papayas for a coconut; Harry would be better off if he could give up fewer than papayas for a coconut If, for example, they agree to trade at the exchange rate of coconut for papayas, both ... enforcer, such as the police and courts, and (2) the specification of rights in a legally binding “social contract,” meaning that a third-party enforcer is established Most of what we say for ... government enforcement for the protection and legitimacy of private property rights? Our answer must of necessity be somewhat speculative We know that markets existed in the “Old West” when formally...

Ngày tải lên: 29/10/2013, 01:15

... general and straightforward rule for organizing much production: Give workers a direct detectable stake in firm revenues or profits in order to raise revenues and profits Pay for performance One means ... of the second worker is therefore $24,000 (column 4): $22,000 for his services plus the $2,000 raise that must be given to the first worker TABLE 15.2 Market Demand for Tomatoes Number of Workers ... the textiles market demand curve for labor Given the demand for labor D, the monopsonist’s optimal employment level will be Q2 , where the marginal cost and demand for labor curves intersect Note...

Ngày tải lên: 29/10/2013, 01:15

... encourage performance The two-part pay contract salary plus commission is obviously a compromise between straight salary and straight commission pay structures For example, a worker for a job ... and Monopsonistic Labor Markets effort workers apply, then the standard can be raised Workers should not object They are still getting their value for their effort They are not being made worse ... Competitive and Monopsonistic Labor Markets worker with $487.50 for the week, or a 2.5 percent reduction in pay for a 25 percent reduction in effort The lesson of this discussion is not that piece-rate...

Ngày tải lên: 29/10/2013, 01:15

... Indians hunted animals for their skins, the demand and therefore the price of animal skins increased This provided an incentive for the Indians to hunt beyond the ir demand for meat Under communal ... business, for example Many different people can own all the resources necessary for cattle production If one tries to raise his price to achieve monopoly profits, the others can undercut him, forcing ... benefit from his efforts in terms of more animals for them to kill There was, in other words, no assurance that the Indian who built up the stock of animals would reap the benefits (For the same reason,...

Ngày tải lên: 08/11/2013, 00:15

... California to Wilkes-Barre 3535 The late Mr Reed was the founder of the Foundation for Economic Education Permission for use in this volume granted by Donald Boudreaux, President, Foundation for ... incentives set out for workers You can bet that we, the authors, also can show how the workers’ willingness to trade off money for other attributes of the work environment (for example, common ... on managers is also necessary for understanding firms’ financial structure For example, the question of what combination of debt and equity instruments is best for financing a firm cannot be...

Ngày tải lên: 08/11/2013, 00:15

... Prize-winning economist Friedrich Hayek has suggested that the market process is manageable for people like Fred Lieberman precisely because prices condense into usable form a great deal of information, ... stimulates the exchange of information, forcing competitors to reveal their plans to prospective buyers or sellers The exchange of information can be seen clearly at auctions Before the bidding begins, ... every price For example, they want Q3 instead of Q2 tomatoes at price P2 Consumers are also willing to pay a higher price now for any quantity For example, they will pay P3 instead of P2 for Q2 tomatoes...

Ngày tải lên: 08/11/2013, 00:15

... dependent on their firms’ performance Former Scott Paper CEO Al Dunlap renowned for revitalizing dying companies with ruthless cuts in jobs, wages, and perks exudes pride for the $6.5 billion in ... Markets 40 performance The greater the firm performance, the greater the total compensation of executives.40 Economics Professor Kevin Murphy found that for executives who worked for companies ... totally by a percentage take The reason is the same as the one given above for the two-part performance pay system for workers: Both the landlords and tenants have an interest in sharing the...

Ngày tải lên: 08/11/2013, 00:15

... one form of which is using the powers of their office to appoint board members who are willing to go along with pay increases for the executives This form of overpayment can be disparaged for ... simply that of setting a compensation package for executives that is, for example, heavily weighted toward rewarding executives for their companies’ performance, whether measured by the bottom line ... company’s revenues for the wages they receive A contrarian view is developed at length by Robert H Frank, Choosing the Right Pond: Human Behavior and the Quest for Status (New York: Oxford University...

Ngày tải lên: 08/11/2013, 00:15

... Vote Benefit $100 For $250 100 For 50 100 For 250 100 Against 50 100 Against 250 $500 School (3) Cost Vote Benefit $200 For $50 200 Against 50 200 For 500 200 Against 500 200 For 500 $750 $1,000 ... 400 Against 220 700 Against 400 For 870 700 For 400 For 600 700 Against 400 For 800 700 For $1,600 $2,000 $2,910 $3,500 Many if not most measures that come up for a vote in a democratic government ... 100 125 100 50 100 25 100 $550 Net Benefit (+) or Net Cost (-) Vote For or [(2) - (3)] Against (4) (5) + $100 For + 50 For + 25 For - 50 Against - 75 Against $500 When total benefits exceed total...

Ngày tải lên: 08/11/2013, 00:15

... operators, for instance, have room for only a very small newsstand, and so they tend to carry the mass-circulation weeklies and monthlies For their own reasons, consumers may also prefer such a compromise ... curve, in the shaded area (If consumers are willing to pay P2 for Q1 then they should also be willing to pay less for that quantity for example, P1.) Furthermore, all price-quantity combinations ... quantity at each price Q3 instead of Q2 at price P2, for example They will also accept a lower price for each quantity P1 instead of P2 for quantity Q2 Conversely, the decrease in supply represented...

Ngày tải lên: 15/12/2013, 10:15

... opportunities to misuse firm resources In order to deter the misuse of firm resources, the firm needs to increase the threat of penalty for any misuse, which implies a higher and higher wage premium for each ... prefer to look for other reasons, mainly as a means of improving incentives for workers to as the employer wants As it turns out, Henry Ford was not offering his workers something extra for nothing ... all, of the wage would be returned in the form of greater production and sales and even greater job security for workers But there were other benefits for Ford When workers are paid exactly their...

Ngày tải lên: 15/12/2013, 10:15