The manufacturing cost of the widgets your company makes has dropped by 50%. One of your customers, Sam, tells you he knows this because he is best friends with your company’s VP of production and asks you for a discount on his order. Your boss okays the discount. Your other customer, Sue (who is one of your best friends and knows nothing about the drop in manufacturing costs), places the exact same order for widgets as Sam. Do you offer her a similar discount? Do you tell her about the drop in manufacturing costs? What is the problem? Summarize your […]
Compensation implies an exchange of value between two parties. However, its meaning may differ or vary depending upon a particular company or country. Different societies, cultures, industries, unions, etc. all bring different perceptions and expectations to the table regarding this subject. What are your thoughts regarding what compensation is and what it should include? What are your expectations from your employer or potential employer regarding compensation?
This week we discussed the importance of HR functions to the organization. In this assignment, you are required to write a paper in which you: Define human resource management. Describe how HR has changed throughout the years. Identify the importance of the HR functions to the organization (each one).
Managing projects requires an understanding of the organizational structure under which the project will be conducted. There are many different types of organizational structures. Three of the most common major types of organizational structure are functional, matrix, and project-oriented. Among the three major structures, there are similarities and differences in where authority resides, who controls the budget, how resources are allocated, and what roles and responsibilities the project manager and project team members assume. Each of these factors has the potential to influence project outcomes. Also, the skills a project manager needs are dependent on the organizational structure under which […]