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- Small Mom and Pop firms, like inner city grocery stores, sometimes exist even though they do not earn economic profits. How can you explain this?A company hires you as an HR consultant to guide the company about its change process from bureaucratic to team-based organizational structure. What advice you will give to this company? a. Increase the centralization of decision making b. Increase the managerial levels and more supervision c. Design jobs with less autonomy d. Design jobs based on higher autonomyAs a manager which do you think should you consider accounting profits or economic profits? why?
- In looking at the functional HR strategy that Nestle use to implement their Pet Food strategy, what was their corporate structure? Was this a good structure? Why or why not? (find references to employees in Nestle annual report) Plz do fast asapINSTRUCTION: Give one example of a technopreneur, describe his/her business, and then explain what makes him/her unique entrepreneur. NOTE: Include a business description and rationale for being a unique entrepreneur.Which of the highest-paid CEOs in US businesses are involved in healthcare or related industries (insurance, pharmaceuticals, etc).
- What are the types of quantitative and subjective methods used in evaluating and control the operation and performance of a firm. Give example.What are user-led innovation and lead user methods? How do these two approaches impact the innovation process inside organizations? Provide examples to explain the concepts.Profit is the return to entrepreneurship. True False
- Marginal profits can never be zero True/FalseExplain what you take to be the strongest argument in defense of an employee’s right to participate in managerial decision making. Explain what you take to be the strongest argument against such a right.Managerial economics as tools for decision making. Discuss Explain the short-run and long-run equilibrium under perfect competition and monopoly market.
