Are there instances where subjective performance evaluations might be better (or more feasible) than objective ratings?
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Subjective performance evaluations are subject to several rater errors, which makes objective measures seem a better alternative. Are there instances where subjective performance evaluations might be better (or more feasible) than objective ratings? Explain.
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- In your company (or in an eCommerce retailer that you purchase from), recommend how you (they) should conduct an ABC Analysis and an XYZ Analysis. Evaluate if this is currently being done correctly, from what you can tell.Is sensitivity analysis a concept applied to LP only, or should it also be used when analyzing other techniques? Provide a specific non-monetary example and explain.Choose the best ans: Q: Which is not one of the common principles when implementing a balanced scorecard? Group of answer choices Align the organization to strategy. Make strategy a continual process. Place all the focus on bottom-line profit. Make strategy everyone's everyday job. Q: Customer satisfaction: Group of answer choices Is a function of how much the customer perceives they get from an exchange in relation to what they expected to get. Always guarantees profitability. Can be assumed if the company has a good record of quality. All of the above Q:If Hobby Lobby is trying to get more business by enhancing newspaper inserts and offering discounts for customers with a loyalty card, Hobby Lobby is focusing on which part of the marketing mix? Group of answer choices Product Price Promotion Place
- Indicate whether the item below is used as key performance indicators for the areas of (A) Financial, (B) Customer, (C) Internal Process, or (D) Learning and Growth performance. Choose the one best choice. Percent of students belonging to the top 30 percentile in national standards tests *(A) Financial(B) Customer(C) Internal Process(D) Learning and Growth performance.The personnel manager ranked all the criteria, except salary, in order of importance and then assigned weights as follows: COMMITMENT100 MANAGEMENT EXP 70 IDEAS 65 CHARITY EXP 55 EDUCATION 10 *Note that, on the basis of the application form, all of the candidates appeared to be equally committed to the charity* Q: Discuss whether the method the personnel manager used to assess these weights is appropriate“Multisource feedback is a tool used to obtain feedback from individuals at various levels of the organization. Frequently, the target employee (the one receiving the feedback) selects the individuals who will provide feedback. What are some potential drawbacks of allowing the target employee to select his or her raters? Should the target employee’s supervisor be responsible for selecting raters? How else could raters be determined? How might we incorporate technology into this process?”
- A.2 X is a marketing services company, providing consultancy to a range of business clients. As part of its strategic planning process, X has made several changes that seem to have had an impact on its business environment. Evaluate each factor according to Porter’s Five Forces model analysis. X and its rivals have managed to persuade the Government to require all marketing services companies to complete a time-consuming and bureaucratic registration process, and to comply with an industry code of conduct. This represents a decrease in _____1_____. X has persuaded its entire staff to sign a new contract which prevents them for working for any rival company for a period of two years, should they resign. This represents a decrease in _____2_____. Use the options below to fill in the missing words in gaps 1 and 2. Competitive rivalry Threat of new entrants Power of customers Power of suppliers Threat of substitutesThe owner of a small manufacturing business has patented a new device for washing dishes and cleaning dirty kitchen sinks. Before trying to commercialize the device and add it to his or her existing product line, the owner wants reasonable assurance of success. Variable costs are estimated at $7 per unit produced and sold. Fixed costs are about $56,000 per year.a. If the selling price is set at $25, how many units must be produced and sold to break even? Use both algebraic and graphic approaches.b. Forecasted sales for the first year are 10,000 units if the price is reduced to $15. With this pricing strategy, what would be the product’s total contribution to profits in the first year?Absenteeism, unmet targets, are signs of poor operational and strategic decisions Select one: True False
- The Balanced Scorecard is a useful performance management tool which incorporates financial and non-financial objectives. Discuss both the benefits and the drawbacks associated with the use of the Balanced Scorecard. Which type of business would most benefit from using this tool in their performance management system?Explain what are some of the most important aspects of creating a balanced scorecard and ensuring its success?The airline industry was hit particularly hard after the 9/11 attacks on the World Trade Center in 2001. In 2002, Southwest Airlines, one of the healthier airline companies, decided to lengthen the useful lives of its aircraft from 22 to 27 years. Shortly thereafter, following Southwest’s lead, other airlines made the same move. What advantage, if any, did the airlines gain by making this change in estimate?