Reference no: EM1378396
1. Evaluate the following statement:
The overarching purpose of a measurement system should be to help a team, rather than senior managers, gauge its progress. A team's measurement system should primarily be a tool for telling the team when it must take corrective action.
2. The Green Shoe Corporation is planning going to a piece rate system, where producing workers are paid based on thei level of output. Discuss what factors the company should consider in deciding whether this idea should be implemented. How should the initial piece rate be set? Under what circumstances should the company alter the piece rate once it is adopted?
3. Your company currently has a bonus plan for its sales managers. If annual sales for a managers’ unit exceed $1 million, the manager receives a $10,000 bonus. In a typical year, about 5 of the 10 mangers in the firm meet the target and receive the bonus. However, the number receiving the bonus varies from year to year due to the state of the economy, which in turn has an event on sales. The company is considering replacing the bonus plan with a plan that rewards the top-five selling managers each year with a $10,000 bonus. Discuss the potential benefits and costs of the new plan relative to the old plan.
4. Communities are frequently concerned about whether police are vigilant in carrying out their responsibilities. Several communities have experimented with incentive compensation for police. In particular, some cities have paid members of the police force based on the number of arrests that they personally make. Discuss the likely effects of this compensation policy.
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Creating a payoff matrix
: Two basketball gamers, Barbara and Juanita, are best offensive players on the school's group. They know if they cooperate offensively by feeding the ball to each other,
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Create a proforma income statement
: Uncle Sal, our intrepid accountant, has suggested the buy of a small business to his mother, Granny. The small business has the given sales projections:
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Analyzing business decision
: Explain the decision, you had and the negative consequences of the decision, and its relative importance to you as the decision maker.
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Determining the optimal choice between two options
: Discuss and explain the expenses and profits of specialized task project relative to broad task project. What variables are likely to be particularly important in determining the optimal choice between these two options?
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Measurement system and compensation policy
: The Green Shoe Corporation is planning going to a piece rate system, where producing workers are paid based on thei level of output. Discuss what factors the company should consider in deciding whether this idea should be implemented.
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Decreasing morality rates
: Suppose if expenditures on medical services are less effective in decreasing mortality rates than are changes in lifestyle behavior, why does United States continue to spend an rising portion of its resources on medical care?
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Question about product development
: The manager of my firm is deciding whether to construct a brand new item not yet seen in the marketplace or a version of a competitor's product that has already been launched into marketplace.
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Discuss the effective implementation
: The customer requires an overview of how classic management activities -organizing, controlling, and planning - enable successful strategy implementation.
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Discuss the basis for the crisis
: Address the Bridgestone or Firestone- tire shredding crisis. Research Bridgestone or Firestone's item crisis and consider alternative solutions
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