communities and rural areas in the Midwest e. use geographical dispersion to keep shipping costs low 29. 3M has developed a new type of plastic film used for shipping security. It is more durable than any other form of film on the market. The first year after the product was introduced its sales totaled $435 million. Analysts have predicted an annual growth of 30 percent as businesses like transportation companies discover how well the film protects their products. Because the demand for the new 3M film
chains, which pose further challenges, for example, for intercultural issues. What factors contribute to the internationalization of value creation? Positive economic developments in ➔ emerging markets, such as the so-called ➔ BRIC countries (Brazil, Russia, India and China), have recently led automobile manufacturers to implement an extensive array of value activities in these countries. Similarly, macroeconomic factors play a role in where companies decide to locate, since factors such
surprising speed and accuracy in some instances. We did, for example, have Concorde, despite Professor Pickering’s pessimism. It should not be expected that any particular vision of the future will be correct in every detail, nor necessarily very detailed in its conception. Writing in 1959, Drucker made the rather careless statement that ‘. . . if anyone still suffers from the delusion that the ability to forecast beyond the shortest time span is given to us, let him look at the headlines in yesterday’s
a project management stage-gate model for Fems. After two months of meetings, the committee identified the need for three different stage-gate models: one for information systems, one for new products1 services provided, and one for bringing on board new corporate clients. There were several similarities among the three models. However, personal interests dictated the need for three methodologies, all based upon rigid policies and procedures. After a year of using three models, the company recognized
Ideas Applicable to Recruitment and Hiring 146 DID YOU KNOW?: Steps for Effective Interviewing 162 ETHICAL ISSUES IN HRM: The Stress Interview 163 The Behavioral Interview 164 Realistic Job Previews 164 Conditional Job Offers 165 Background Investigation 165 Medical/Physical Examination 167 Job Offers 168 The Comprehensive Approach 168 WORKPLACE ISSUES: Avoiding Hiring Mistakes 169 Now It’s Up to the Candidate 169 Selection for Self-Managed Teams Reliability 171 Validity 171 Content Validity 171
CHAPTER 1 Changing Nature of Human Resource Management After you have read this chapter, you should be able to: ● Identify four major HR challenges currently facing organizations and managers. List and define each of the seven major categories of HR activities. Identify the three different roles of HR management. Discuss the three dimensions associated with HR management as a strategic business contributor. Explain why HR professionals and operating managers must view HR management as an
century. Jones−George: Contemporary Management, Fourth Edition I. Management 2. The Evolution of Management Thought © The McGraw−Hill Companies, 2005 17 CHAPTER 2 The Evolution of Management Thought Learning Objectives After studying this chapter, you should be able to: • Describe how the need to increase organizational efficiency and effectiveness has guided the evolution of management theory. • Explain the principle of job specialization and division of labor, and