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- BUSN 427 Global Issues in BusinessWeek 2Week 2 DQ 1Under what conditions is it ethically defensible to outsource production to a developing world where labor costs are lower when such actions also involve laying off long-term employees in the firm’s home country?Week 2 DQ 2What are the potential costs of adopting a free trade regime? Do you think government should do anything to reduce these costs? Why?Week 2 Assignment:BUSN 427 Week 2 Assignment (White collar jobs ) 1900+ WordsBulldogs Inc. wants to enter the global market. Which one may not be the reason in such decision? a. Essential materials and labor rates may be more expensive in other countries b. To broaden market and increase shareholder value c. production efficiency in other countries may result to economies and synergies that are favorable to the company d. To seek technologies not yet present in the home countryMcDonald’s Global Compensation Practices: This feature explores McDonald’s efforts to develop a global compensation and performance appraisal strategy. McDonald’s, which has over 400,000 managers and senior employees working in 118 different countries, wants its new program to provide some standardization of compensation and performance appraisal for the firm, but at the same time, allow subsidiaries to tailor the program to local market conditions. Discussion Questions 1. What does McDonald’s hope to gain from having a global compensation and performance appraisal system in place? 2. How does the compensation and performance appraisal system introduced at McDonald’s allow managers to take local market differences into account? Why is this type of approach important to employees? 3. How does McDonald’s approach help the company to consider local differences when reviewing the performance of different country managers and awarding bonus pay?
- In your own words, define the following terms and provide an original example of each. Q.1.1 Social media. Q.1.2 Intermodal transportation. Q.1.3 Dependent demand. Q.1.4 Project. Q.1.5 People – as the second element of the triple bottom line.I am supposed to put find solutions to turn around a wooden toys producer with a 35-years history which is currently losing money. It has two factories, around 330 employees in total. It is producing trains, puzzles, action figures and micro furniture; sales have been growing for action figures (by 63%, to 8 million), have exploded for puzzles (170%, to 1.5 million) and micro-furniture (74%, to 21 million), but have decreased by almost 60% (from 24 million to 10.5 million) on wooden trains (which is the business line with most employees), so because of that the sales turnover figures has been flat in the last two years (41.5 million). Two of the production lines (puzzles and action figures) are only operating at 75% capacity on account of market demand. All direct costs have increased (transportation&warehousing 2.7 million, materials 16 million, staff costs 11.2 million), as well as the indirect ones (mostly marketing - 2.8 milllion and R&D - 2 million). Hence, EBITDA-wise…1. WHICH OF THE FOLLOWING ARE CONNECTED WITH TECHNOLOGICAL FACTORS? A. AUTOMATION B. TAX POLICY C. INTERNET D. AUTOMATION AND INTERNET 2. IT IS USED TO IDENTIFY AND ASSESS EXTERNAL FACTORS. A. COMPANY SCANNING B. ENVIRONMENTAL SCANNING C. CUSTOMER SCANNING D. BONE SCANNING 3. IT REFERS TO THE FORCES CLOSELY INFLUENCING THE COMPANY AND DIRECTLY AFFECTING THE ORGANIZATION'S RELATIONSHIPS. A. MACRO-ENVIRONMENT B. MICRO-ENVIRONMENT C. FIRM'S ENVIRONMENT D. CUSTOMER'S 4. IT IS NOT NECESSARY TO EXAMINE THE VARIOUS ENVIRONMENTAL FACTORS THAT HAVE INFLUENCED THE EXPANSION OF COUNTRY'S SERVICE INDUSTRY A. TRUE B. FALSE 5. LBC AND J&T ARE EXAMPLES OF WHAT TYPE OF MARKETING INTERMEDIARIES? A. DISTRIBUTION CHANNEL B. LOGISTICS FIRM C. MARKETING SERVICE FIRMS D. FINANCIAL INTERMEDIARIES
- Janice Edwards was employed as the new General Manager of Coblenz Boutique Hotel located inGrenada. Janice took up her post in January 2022 as the world was slowly climbing out of theeffects of COVID-19. She is now faced with a unique issue at her organization, a very youngworkforce and it has been increasing difficult to find anyone with institutional knowledge orexperience. During the pandemic, Coblenz Boutique Hotel had to find unique ways to cut cost andstay afloat such as offering its aging workforce over the age of 55 to proceed on early retirement.Now her workforce does not even resemble her clientele, who are retirees in the winter of their lifelooking for a quiet affordable get-away. The younger employers lack the patience and are oftenunable to relate to the guests. Janice knows that a multi-generational workforce is the key to thebusiness success.You have been employed as the Human Resource Manager to assist Janice.(c) Identify the two (2) challenges you expect to encounter…Janice Edwards was employed as the new General Manager of Coblenz Boutique Hotel located inGrenada. Janice took up her post in January 2022 as the world was slowly climbing out of theeffects of COVID-19. She is now faced with a unique issue at her organization, a very youngworkforce and it has been increasing difficult to find anyone with institutional knowledge orexperience. During the pandemic, Coblenz Boutique Hotel had to find unique ways to cut cost andstay afloat such as offering its aging workforce over the age of 55 to proceed on early retirement.Now her workforce does not even resemble her clientele, who are retirees in the winter of their lifelooking for a quiet affordable get-away. The younger employers lack the patience and are oftenunable to relate to the guests. Janice knows that a multi-generational workforce is the key to thebusiness success.You have been employed as the Human Resource Manager to assist Janice.(b) Recommended and explain four (4) strategies to manage…Janice Edwards was employed as the new General Manager of Coblenz Boutique Hotel located inGrenada. Janice took up her post in January 2022 as the world was slowly climbing out of theeffects of COVID-19. She is now faced with a unique issue at her organization, a very youngworkforce and it has been increasing difficult to find anyone with institutional knowledge orexperience. During the pandemic, Coblenz Boutique Hotel had to find unique ways to cut cost andstay afloat such as offering its aging workforce over the age of 55 to proceed on early retirement.Now her workforce does not even resemble her clientele, who are retirees in the winter of their lifelooking for a quiet affordable get-away. The younger employers lack the patience and are oftenunable to relate to the guests. Janice knows that a multi-generational workforce is the key to thebusiness success.You have been employed as the Human Resource Manager to assist Janice.(a) Provide two (2) justifications for a diverse workforce.
- Janice Edwards was employed as the new General Manager of Coblenz Boutique Hotel located inGrenada. Janice took up her post in January 2022 as the world was slowly climbing out of theeffects of COVID-19. She is now faced with a unique issue at her organization, a very youngworkforce and it has been increasing difficult to find anyone with institutional knowledge orexperience. During the pandemic, Coblenz Boutique Hotel had to find unique ways to cut cost andstay afloat such as offering its aging workforce over the age of 55 to proceed on early retirement.Now her workforce does not even resemble her clientele, who are retirees in the winter of their lifelooking for a quiet affordable get-away. The younger employers lack the patience and are oftenunable to relate to the guests. Janice knows that a multi-generational workforce is the key to thebusiness success.You have been employed as the Human Resource Manager to assist Janice.(a) Provide two (2) justifications for a diverse workforce.…1. Identify fixed or variable cost affecting the food and beverage industry. 2. Determine whether costs are increasing or decreasing and why. 3. On the production side, has food and beverage industry experienced outsourcing, mass layoffs, hiring of foreign experts, or other labor-related issues?Proximity Designs business model Helping rural families in Myanmar More and more people today decide to leave their countries and move to South East Asia (SEA). We happened to know some of them: for most, this journey has never been an easy task. As a matter of fact, it requires adaptation, flexibility, ability to get proximate to radically different cultures and open mindedness towards alternative ways of living. It was 2004 when Jim Taylor and his wife Debbie Aung Din, after extensive development work in Mississippi and traveling experiences across SEA, eventually decided to move to Myanmar (or Burma). At that time, the country was among the poorest and more isolated in the world. Thus, adaptation and flexibility were definitely required here. The reason they moved in Myanmar was one and only: generating positive social impact while addressing rural poverty. This is how “Proximity Designs” was first conceived. Since its inception, this Yangon-based social enterprise creates and…