What are the areas that you can explore to find an answer

Assignment Help Other Subject

Reference no: EM132671524

Question: We give below a situation which many companies often face in today's competitive scenario.

In a company X, union had given a proposal to the management for a 20 % hike in the wages. The collective bargaining process was still going on.

The Industrial relations manager was clever, so he called for an immediate meeting with the union. He tried to put the sate of affairs in front of the union and asked them to find a solution. This is what he presented to the union:

• The input prices (cost of raw material, electricity, water etc) have gone up by 10 %

• Due to competition, the company has to reduce the product price by 10%

• At the same time the share holders are also expecting 5 % more returns from the existing 15 %

The IR manager puts forward the above circumstances in front of the union and asked them to give a solution.

Tasks for the participants:

1. How to develop a strategy to respond this situation?

2. What are the areas that you can explore to find an answer?

Reference no: EM132671524

Questions Cloud

What amount should be reported in the december : What amount should be reported in the December 31, 20X8, consolidated balance sheet as inventory? Parent Corporation owns 90 percent of Subsidiary 1 Company

What amount should be reported in the consolidated income : Parent Corporation owns 90 percent of Subsidiary 1 Company, What amount should be reported in the 20X8 consolidated income statement as cost of goods sold?

Reviewing the importance of copyright : Write a project in the subject and you have to follow the guidelines which appear on the course project form on the Moodle system.

Describe the role played by the ethmoid bone : Describe the role played by the ethmoid bone in the formation of the nasal septum.

What are the areas that you can explore to find an answer : In a company X, union had given a proposal to the management for a 20 % hike in the wages. The collective bargaining process was still going on.

Create balance sheet and compute margin : Create balance sheet and compute your margin. Supposed the price of the share is to increased by 62% by the fall. Will you receive a margin call

Explain how condensation reactions are involved : Explain how condensation reactions are involved with the production of carbohydrate polymers, proteins and fats.

What gas was supplied by the nahc03 : For the for the light intensity experiment a nahco3 solution was used for both the tube with elodea and the tube without elodea

Structure of the urinary system : Match the labels with the structure of the urinary system they describe.

User Account

All Pages