Katelyn O’Connor
Week 3
1. Discuss how the principles of job design and reinforcement theory apply to the performance problems at the Hovey and Beard Company.
Principals of Job design exhibited at the Hovey and Beard Company, a production company who made toys. Toy painters were experiencing the following problems: New painters learned at a slower pace (making the other painters lose money on rewards per piece) the assembly line hooks moved too fast, painters blamed management. Incentive pay wasn’t adequate for workers and it was too hot working so close to the drying ovens. One painter, who worked with the company the longest, was appointed by other painters to address their concerns with the supervisor. Supervisor listened and
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There are not different views between manager and subordinate. When the answered is “yes” and a subordinates performance needs to improve, three performance problems arise. 1. Resource problem, subordinate does not have enough resource support; he/she may need material, personnel support and cooperation from interdependent work groups. 2. Training problem, the subordinate may not have enough training/skills to adequately perm his/her job. 3. Aptitude problem, supplying subordinate with more resources for job performance, including more training if necessary. Manager can refit subordinate into different position or release employee from company. If the subordinates performance needs improvement and it is not a result of inadequate ability, it will than become a motivation problem. Lack of motivation from subordinate can stem from three different problems. 1. Expectation problems between subordinate and manager, bad communication can lead to different views on job requirements and goals between manager and subordinate. 2. Incentive problems, subordinate does not feel his/her job performance makes a difference, he/she has not been given enough feed back or reinforcements , no reward system either intrinsic or extrinsic from management. 3 Salience problem, a subordinate questioning whether or not rewards/incentives are worth his/her job performance. Manager may
Given our analysis of the motion picture industry, we recommend that Arundel carefully select the major film studios from which they intend to purchase sequel rights. The net present value of hypothetical sequels taken from the available previous years shows not only that the industry is highly volatile, but also that certain production studios are more volatile than others in terms of their recent performance. In addition, some studios are consistently less profitable than others. (See "NPV for Each Production Company" chart in appendix) Since the success of film studios are relatively stable in the short term (see "Rental Shares of Major Film Distributors" table and graph) Because of this stability, it is possible for Arundel to approach more profitable studios with their offer to purchase sequel rights. Out of all the major film studios, only MCA-Universal, Warner Bros., and The Walt Disney Company generate a positive net present value on a per-film basis. However, according to casual inquiries, it is unlikely that any movie studio would enter negotiations with Arundel on a per film price that is less than 1 million. Instead, the film studios seem to
Finally, in order to complete a more accurate comparison between the two projects, we utilized the EANPV as the deciding factor. Under current accepted financial practice, NPV is generally considered the most accurate method of predicting the performance of a potential project. The duration of the projects is different, one lasts four years and one lasts six years. To account for the variation in time frames for the projects and to further refine our selection we calculated the EANPV to compare performance on a yearly basis.
- We believe that breaking out the data by studio is an advantage because it provides direction.
b.What are the amounts and timing of the acquisition investment’s free cash flow from 2013 through 2022?
1.3 Explain how human resource planning can be used to assure output and quality in the workplace
Jack Early was recently hired to be one of the higher-level managers. Jack had completed his M.B.A at one of the more well-known universities, and applied his knowledge and training, that he gained in school, to his work at Rockmont. He made such a good impression in a relatively short period of time, that he received many commendations and an early salary adjustment.
groups of her lower extremities bilaterally. Sensory exam is normal to pin prick and light touch
The old Performance Management system was ineffective and did not lead to a fair incentive or salary raise for the employees of the company. Employees who worked hard and did well for the company received the same rating as low performing employees. There was frustration among the scientists for getting the
= Setup Time + Run Time (Per Hole) * No. of Holes drilled on each circuit board * No. of boards
Based on the Hackman and Oldham’s (Schaefer, 2006) model the main thing that needs to be established is how to make the workers enthusiastic and willing to come to work. This is achieved by designing the job the best way possible that comfortably allows the employee to use their abilities. As well as properly fitting jobs to the employees through a selection process. An employee should be selected for the job based on their skill level and background. This is a means to show that this job cannot be done by everyone and is significant to the individual. The benefits of the work done from the
Peachtree Securities Case 1. The return on a 1-year T-Bond is risk-free since it does not vary according to the state of the economy. The T-Bond return is independent of the state of the economy because the estimated return is 8% at all times. The only possible factor affecting a T-Bond may be inflation. 2.
Bonny Doon currently has an enviable position in the 1990’s Californian wine-producing industry. The company has successfully differentiated itself from its competition and achieved a first mover advantage in terms of selling “undervalued” wines. However, due to increased rivalry and a changing and increasingly challenging market,
The next constraint to his job performance is the leadership style and characteristics of his superior. His superior sounds as though he does not exhibit interpersonal skills. The case study states that he would call Paul into his office and ask of him what the problem was but he wouldn’t really want to listen. It also states that his superior read weakness into any personal problems so the workers were to keep their personal life separate from their work life. The case study also portrays that the type of rewards or punishment that his superior offers is negative reinforcement. Negative reinforcement is
The political lens sees an organization as “an arena for competition and conflict among individuals, groups, and other organizations whose interest and goals differ and even clash dramatically” (Ancona, Kochan, Scully, Van Maanen, & Westney, 2005: M-2, 33). It assumes that “In the political perspective, the roots of conflict lie in different and competing interests, and disagreements require political action, including negotiation, coalition building, and the exercise of power and influence, all of which recognize that rationality is local” (Ancona et al., 2005: M2, 33). I will analyze and explain the concepts within the political landscape to explain the new front end / back end structure at Dyna Corporation,
The problem in the case is the poor corporate culture at Lazier Industries. Although the company is performing well, there is dissent amongst managers, VP’s and employees which is spreading rapidly. The underlying issue is Bob Lazier who has not done a good job demonstrating his vision for the company and implementing a corporate culture that complements this vision. Therefore, in this analysis it will be recommended that Bob implement not only performance metrics that measure employee satisfaction such as quarterly surveys but also implement rewards such as employee of the month in order to increase morale. Further, LI will look to invest in its employees in order to increase productivity in the long run.