for ten years, had a trio running the company. this team was eric schmidt as ceo, and the two co-founders, larry page and sergey brin. the chapter opens with luxottica, the world's largest eyewear company, being analyzed for a similar structure. the key discussion is around the company's future success vs. potential declines from this structure. why would analysts be skeptical of this type of organizational structure?
Answers
Analysts might be skeptical of a trio running a company for a prolonged period because it can create a bottleneck in decision-making, a lack of diversity in viewpoints, and the potential for power struggles.
This structure can lead to a concentration of power and decision-making in a few individuals' hands, which can stifle innovation and slow down the company's growth.
Additionally, the company's long-term success can be dependent on the trio's ability to work well together, and any conflict or disagreement b/ them can have a significant impact on the company's performance.
The lack of a clear succession plan can also be a concern, as a sudden departure of one or more of the trio can lead to a leadership vacuum and instability.
As a result, analysts may prefer a more distributed organizational structure with a broader range of leaders and decision-makers to minimize risks and maximize growth potential.
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Related Questions
Suppose a market basket consists of the following goods: 50 pens, 25 notepads, and 25 paperclips. Also assume that the unit prices of these goods are as follows for the years noted and that 2018 is the base year. What is the value of the price index in 2019
Answers
The value of the price index in 2019 is 111.
What is cost record and how is it calculated?
The Customer Cost Record (CPI) measures the month to month alter in costs paid by U.S. customers. The Bureau of Labor Insights (BLS) calculates the CPI as a weighted normal of costs for a wicker container of products and administrations agent of total U.S. customer investing.
CPI = Expenditure ins Current Years / Expenditure in Base year
= 50X 0.30 + 25 x 0.25 + 25x0.15 x100 / 50 x 0.25 + 25 x 0.30 + 25 x0.10
=25X 100/22. 5
=111.11%
Hence, rate of inflation = (111.11-100)%
=11.11%
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Identify an accurate statement about groups of customers with similar need sets. Multiple choice question. They always have identical demographics. They belong to a single, homogeneous demographic group. They can have sharply different demographics. They never have varied demographic features.
Answers
When there is a group of customers that have the same requirement sets so the following should be the accurate statement.
The statement "It could have clear various demographics" is correct.
The following information related to the customer is:
It is an individual or the business that buys the goods or services of the company. Without customers, the company could not survive out, neither company could able to make a profit. Now if there are various customers and all have the same kind of needs so it means that there are different demographics.Therefore all other options should not be considered.
Thus we can conclude that The statement "It could have clear various demographics" is correct.
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Why might some investors become careless about their portfolios ?
Answers
Locate an online tool/app or download a budget template from the Internet and practice creating a budget for yourself. Remember to follow the budgeting steps. How did you do? When done, answer the following questions: (1) Are there any ways to increase your income? For example, selling items you no longer use? (2) Are there ways to further reduce expenses each month? (3) What are your savings goals per month?
Answers
Answer:
Hope it helps
Explanation:
Step 1: Note your net income
The first step in creating a budget is to identify the amount of money you have coming in. Keep in mind, however, that it’s easy to overestimate what you can afford if you think of your total salary as what you have to spend. Remember to subtract your deductions for Social Security, taxes, 401(k) and flexible spending account allocations when creating a budget worksheet. Your final take-home pay is called net income, and that is the number you should use when creating a budget.
If you work freelance or part-time, we’ve put together some tips for managing irregular income.
Tip: If you have a hobby or a talent, you may be able to find a way to supplement your income. Having an extra source of income can also be helpful if you ever lose your job.
Step 2: Track your spending
It’s helpful to keep track of and categorize your spending so you know where you can make adjustments. Doing so will help you identify what you are spending the most money on and where it might be easiest to cut back.
Begin by listing all your fixed expenses. These are regular monthly bills such as rent or mortgage, utilities or car payments. It’s unlikely you’ll be able to cut back on these, but knowing how much of your monthly income they take up can be helpful.
Next list all your variable expenses—those that may change from month to month such as groceries, gas and entertainment. This is an area where you might find opportunities to cut back. Credit card and bank statements are a good place to start since they often itemize or categorize your monthly expenditures.
Tip: Record your daily spending with anything that’s handy—a pen and paper, an app or your smartphone. You can use this spending and budgeting tool if you have an account with Bank of America.
Step 3: Set your goals
Before you start sifting through the information you’ve tracked, make a list of all the financial goals you want to accomplish in the short-and long-term. Short-term goals should take no longer than a year to achieve. Long-term goals, such as saving for retirement or your child’s education, may take years to reach. Remember, your goals don’t have to be set in stone, but identifying your priorities before you start planning a budget will help. For example, it may be easier to cut spending if you know your short-term goal is to reduce credit card debt.
Step 4: Make a plan
Use the variable and fixed expenses you compiled to help you get a sense of what you’ll spend in the coming months. With your fixed expenses, you can predict fairly accurately how much you’ll have to budget for. Use your past spending habits as a guide when trying to predict your variable expenses.
You might choose to break down your expenses even further, between things you need to have and things you want to have. For instance, if you drive to work every day, gasoline probably counts as a need. A monthly music subscription, however, may count as a want. This difference becomes important when it’s time to make adjustments.
Step 5: Adjust your habits if necessary
Once you’ve done all this, you have what you need to complete your budget. Having documented your income and spending, you can start to see where you have money left over or where you can cut back so that you have money to put toward your goals.
Want-to-have expenses are the first area to look for spending cuts. Can you skip movie night in favor of a movie at home? Try adjusting the numbers you’ve tracked to see how much money that frees up. If you’ve already adjusted your spending on wants, evaluate your spending on needs. You may need internet at home, but do you need the fastest available?
Lastly, if the numbers still aren’t adding up, you can look at adjusting your fixed expenses. Doing so will be much more difficult and require greater discipline, but on close inspection a “need” may just be a “hard to part with.” Such decisions come with big trade-offs, so make sure you carefully weigh your options.
Tip: Small savings can add up to a lot of money, so don’t overlook the little stuff. You might be surprised at how much extra money you accumulate by making one minor adjustment at a time.
Step 6: Keep checking in
It’s important that you review your budget on a regular basis to be sure you are staying on track. You can also compare your monthly expenses to those of people similar to you. Few elements of your budget are set in stone: You may get a raise, your expenses may increase or you may have reached your goal and want to plan for a new one. Whatever the reason, keep checking in with your budget following the steps above.
Good evening! Did you eat today? Did you drink water today? Did you get outside for some fresh air or even anytime to chill? Did you make sure you are healthy? If you answer no to any of these questions.. please get some to food, water, fresh air or even time to chill. Please take care of yourself! Bye! :)
Answers
Answer:
I ate an egg sandwich. I drank some water. I went outside for a short walk.
Explanation:
Thanks for asking :)
What is meant by core competency?
Answers
How do markets create incentives?
Answers
When demand or supply changes, market prices adjust, affecting incentives.
When the price of a good or service increases, buyers buy less of it and producers have the incentive to produce or sell more of it. In a market-based economy, prices act as incentives for buyers and sellers, sending signals to change their behavior.
If you can continuously increase your market share by attracting, there is an incentive to produce quality goods. The price sends a signal to the buyer. Low prices are an incentive for buyers to spend money now. Higher prices incentivize sellers to increase production to produce more goods.
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Expansionary phases of the business cycle do not last indefinitely because over time "wages will fall, returning the economy to LR equiblibrium" "wages will rise, returning the economy to LR equiblibrium "interest rates will fall, returning the economy to LR equibilirium" "exchange rates will fall, returning the economy to LR equibilirium"
Answers
Expansionary phases of the business cycle are characterized by increasing economic activity and growth in the economy.
During an expansionary phase, wages tend to rise as demand for labor increases due to higher economic activity. However, this increase in wages eventually leads to higher costs for businesses, which can result in decreased profits and reduced demand for goods and services. As a result, businesses may begin to cut back on hiring and wages may begin to fall, eventually leading to a return to LR equilibrium.
Another factor that can lead to a return to LR equilibrium is rising interest rates. During an expansionary phase, central banks may lower interest rates to stimulate economic growth. However, as the economy grows and inflationary pressures increase, central banks may raise interest rates to curb inflation.
Higher interest rates can lead to decreased demand for loans and investment, which can slow down economic activity and return the economy to LR equilibrium.
Exchange rates can also play a role in returning the economy to LR equilibrium. During an expansionary phase, a country's currency may appreciate as investors flock to invest in the economy. However, as the currency appreciates, exports become more expensive and demand may decrease, leading to decreased economic activity. Eventually, the exchange rate may fall, leading to a return to LR equilibrium.
In summary, expansionary phases of the business cycle do not last indefinitely because various factors, including wages, interest rates, and exchange rates, can lead to a return to long-run equilibrium. Understanding these factors is important for businesses and policymakers to effectively manage the economy and promote sustainable growth.
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Suppose that using the centroid method you found the best location for a communications tower. The location happens to be in the middle of a pond. Then, you should locate the tower.
Answers
You should locate the tower after considering qualitative factors such as geography, roads and utilities to help find the exact location. Using the centroid method, you found the best location for a communications tower.
Centroid method- The centroid method assists businesses in determining the location of manufacturing and other production-related facilities. The ultimate goal of this method is to use mathematical formulas to achieve lower shipping costs, shorter shipping times, or both in terms of profits.
The centroid method is an agglomerative clustering method in which the similarities (or dissimilarities) between clusters are expressed in terms of the centroids (i.e., the multidimensional means) of the clusters on the clustering variables.
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In 2012, _______ purchased the British-based Aegis Groupa) WPP
b) Omnicom Group
c) Publicis Groupe
d) Dentsu
Answers
In 2012, the Japanese advertising giant, Dentsu, purchased the British-based Aegis Group for £3.2 billion ($5 billion). This acquisition was a significant move for Dentsu as it gave them access to Aegis Group's impressive portfolio of media buying and digital marketing services.
The deal, worth approximately £3.2 billion, allowed Dentsu to establish a solid foothold in European and North American markets, as well as benefit from Aegis Group's expertise in digital marketing. This acquisition significantly enhanced Dentsu's ability to compete with other global advertising giants such as WPP and Publicis Groupe, by combining the strengths of both companies and creating synergies across various areas of the advertising industry.
It also allowed them to expand their global presence and establish a stronger foothold in the European market. This acquisition was part of Dentsu's ongoing efforts to become a truly global player in the advertising and marketing industry, and it certainly helped them achieve this goal. Today, Dentsu is one of the largest advertising and marketing companies in the world, with a presence in over 145 countries and an impressive client roster that includes some of the world's biggest brands.
In summary, Dentsu's 2012 acquisition of the British-based Aegis Group aimed to strengthen its position in the global advertising market, capitalize on Aegis Group's digital marketing capabilities, and broaden its reach into new territories, thus enabling the company to compete more effectively with its rivals.
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The U-shape of the long-run average-total-cost curve results from which of the following?
Multiple select question.
Economies of scale
Rising resource prices
Diseconomies of scale
Fixed labor costs
Answers
The U-shape of the long-run average-total-cost curve is the result of both economies and diseconomies of scale. Initially, as a firm increases its scale of production, it can benefit from economies of scale, which are cost advantages that arise from producing on a larger scale.
This can result from factors such as specialization of labor, bulk purchasing of materials, and increased efficiency of equipment. As a result, the average total cost (ATC) of production decreases as the scale of production increases.
However, as the firm continues to increase its scale of production, it may eventually experience diseconomies of scale. This occurs when the cost per unit of output increases as the scale of production increases. This can result from factors such as increased coordination and communication costs, a lack of specialized labor or equipment, and diminishing returns to scale. As a result, the ATC of production increases as the scale of production increases.It's worth noting that rising resource prices and fixed labor costs can impact a firm's production costs, but they are not the primary factors that lead to the U-shape of the long-run average-total-cost curve. Instead, it's the balance between economies and diseconomies of scale that ultimately determines the shape of the curve.
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Pls help it’s due tomorrow!
Answers
Answer:
A. Contact Information for Refrences.
Explanation:
Hi there! To me it makes the most sense because it has nothing to do with a carrer plan. Sure, refrences are benefical but they do not determine what can help you grow and succed in the workforce.
I hope this helps! Good luck! :)
What kind of location appears temporarily, and then disappears?
Answers
Answer:
pop up retail location
Explanation:
what are the difference between engineer and architect?plz help!!!!!
Answers
Answer:
an architect is focused on designing and construction the form space, and ambiance of buildings and other physical environments, whereas, engineers ensure that the design will work by applying scientific principles.
What are some benefits and consequences to shared decision-making?
Answers
Answer:
Shared decision making has been shown to result in treatment plans that better reflect patients' goals; increase patient and physician satisfaction; improve patient-physician communication; have a positive effect on outcomes; and, sometimes reduce costs.
what factors should the staff consider when determining new sources of business to replace the old corporate contracts?
Answers
When deciding on new sources of business to replace outdated corporate contracts, the staff should take into account a number of factors. They should examine their current clientele first to see which markets or demographics they have not yet entered.
Surveys of customers and market research can be used to accomplish this. Second, they should investigate new trends in their business and think about how to position themselves to benefit from them. Thirdly, they should evaluate their competitive environment to find areas where they might set themselves apart from their rivals.
Fourth, they should assess their sales and marketing plans to make sure they are successfully interacting with their target market. Finally, businesses must make sure they have the resources and examine the financial ramifications of recruiting new clients. In conclusion, the staff can find new sources of business that can help them replace outdated corporate contracts and promote sustainable growth by taking these elements into account.
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Why is buying on the black market difficult
Answers
Answer:
Buying on the black market can be difficult for a variety of reasons. One reason is that it is illegal, so it is not conducted in an open and regulated marketplace. This can make it difficult to find trustworthy sellers and to ensure that the products or services being purchased are of good quality. Additionally, transactions on the black market are often conducted in cash and in secret, which can make them more vulnerable to fraud and theft. Finally, the risk of being caught and facing legal consequences can be a significant deterrent for many people.
Buying any type of goods or services on the black market is difficult because it's not legal.
Black markets are rampant because citizens want to buy things that are difficult to come by through legal channels.The underground market's many drawbacks include the risk of fraud, the possibility of violence, and being saddled with counterfeit goods or adulterated products, which is especially dangerous in the case of medications.
Because tax evasion or participation in a black market activity is illegal, participants attempt to hide their behavior from the government or regulatory authority. Cash is the preferred medium of exchange in illegal transactions since cash transactions are less-easily traced.
The two most basic inventory questions answered by the typical inventory model are:.
Answers
The two most basic inventory questions answered by the typical inventory model are order time and order quantity.
What is the Inventory model?Corresponds to a metric that organizations use to control stock, determining the level needed to effectively meet production, raw materials and order demands, in order to identify how much stock is necessary for the flow of organizational processes occur optimally.
Therefore, it is essential that inventory management is analyzed, organized, controlled and reviewed in accordance with organizational objectives and goals.
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_______ includes a review of the demographic, geographic, and governmental environment in which a rental property is located.
Answers
The term that describes what a manager perform such as review of ;
demographicgeographic governmental environmentlocation of rental property is market analysis.A market analysis can be regarded as quantitative as well as qualitative assessment of a market. The size of the market are been observed in term of volume and in value and various customer segments.Therefore, market analysis is the correct term
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Growth formulas. a. A new firm is about to launch its new product. The initial sales in the current year are $2 million. Sales are projected to increase at a rate of 20% per year for the next 5 years, and then increase at the rate of 10% per year each year thereafter. What will the sales be in year 10 - write down the formula. b. A firm is launching a new product. Call the level of sales as quantity (units sold) q. Revenues are tied to sales as Rev = 20 * q. Costs are tied to sales as Cost = 5* q + 200. Quantity starts at 1 unit and rises at the rate of 100% per year. In what year will this product first break even or earn a positive profit (profit equals revenues minus costs)?
Answers
a. the initial sales are $2 million, and the growth rate changes after 5 years. b. the year in which the product first breaks even or earns a positive profit.
a. To calculate the projected sales in year 10, we can use the compound growth formula:
Sales = Initial Sales * (1 + Growth Rate)^Number of Years
In this case, the initial sales are $2 million, and the growth rate changes after 5 years. For the first 5 years, the growth rate is 20%, and thereafter, it becomes 10%. So, to calculate the sales in year 10:
Sales in Year 10 = $2 million * (1 + 20%)^5 * (1 + 10%)^(10 - 5)
b. To determine the year in which the product first breaks even or earns a positive profit, we need to equate the revenues and costs and solve for the quantity (units sold):
Revenues = Costs
20 * q = 5 * q + 200
Simplifying the equation:
15 * q = 200
Dividing both sides by 15:
q = 200 / 15
Since the quantity starts at 1 unit and rises at a rate of 100% per year, we can find the year by calculating how many times the quantity needs to double to reach the value of q:
2^x = q
Taking the logarithm of both sides:
log(2^x) = log(q)
x * log(2) = log(q)
x = log(q) / log(2)
Substituting the value of q = 200 / 15 into the equation, we can calculate the year in which the product first breaks even or earns a positive profit.
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FILL THE BLANK. "Suppose the MARR is 12%. Use the following table to answer the
question--The IRR on the FMS Investment is ____.
CMS
FMS
Initial Investment
$20,000
$29,000
Annual Revenue
6,688
9,102
Useful L"
Answers
If the MARR is 12% the IRR on the FMS Investment is zero (0). The IRR on the FMS investment is the interest rate at which the net present value (NPV) of the cash flows from the investment becomes zero.
Based on the provided information, the IRR for the FMS investment can be calculated by solving for the discount rate that equates the present value of the annual revenue with the initial investment.
Using the MARR (Minimum Acceptable Rate of Return) of 12%, we can calculate the IRR for the FMS investment as follows:
IRR = Discount rate that makes the present value of cash flows equal to the initial investment
IRR = Discount rate where NPV
IRR = 0
IRR = Discount rate where Initial Investment - Present Value of Annual Revenue
IRR = 0
IRR = Discount rate where $29,000 - Present Value of $9,102
IRR = 0
The IRR will be zero. The Internal Rate of Return (IRR) is a financial metric used to evaluate the profitability of an investment. It represents the discount rate that makes the net present value (NPV) of an investment's cash flows equal to zero.
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Which website allows individuals to search for suitable job profiles and employers?
Answers
Answer:
LinkedIn is a good site
Explanation:
Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20-year
5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years?
a $396,038.65
b$427,354.28
c $407,836.29
d $377,238.57
Answers
Answer:
D
Explanation:
The remaining balance on a 20-year 5/1 ARM at 3.5% interest with a 2/7 cap structure after 5 years will be $377,238.57.
Pro life tip: Do NOT finance your home with an ARM mortgage.
Good luck in your studies!
PLEASE, In a paragraph of 150 words, Reflect on the critical thinking process and the steps involved. Discuss how this knowledge can or has helped you in your life and/ or your career?
For example, what do you think of the process? What did you learn from the process? Could it bring value to making decisions in your life or career? Would you use it in the future? Would you use it, or parts of it, in your everyday life? Have you used it in your everyday life? Do not write about the case itself, the decision you reached, or what you thought should or should not have happened relating to the case.
Answers
The critical thinking process is a systematic and logical approach to problem-solving that involves several steps, including identifying the issue, gathering and analyzing information, evaluating options, and making a decision.
How the critical thinking process helps meThe critical thinking process is a systematic and logical approach to problem-solving that involves several steps, including identifying the issue, gathering and analyzing information, evaluating options, and making a decision. As a person, critical thinking is useful to utilize this process in order to provide the most accurate and relevant responses to questions.
Personally, I find that the critical thinking process is an invaluable tool in both my personal and professional life. It has taught me to approach problems in a more organized and methodical manner, which has allowed me to make more informed and effective decisions.
Additionally, by applying critical thinking to everyday situations, I am better able to identify biases and assumptions and to evaluate arguments and evidence. Ultimately, the critical thinking process has enabled me to become a more analytical and logical thinker, and has provided me with a framework for making better decisions in all areas of my life.
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The buyers and sellers in the country of Perylia use corn as a medium of exchange. This means that:
A. Perylia uses fiat money.
B. Perylia uses commodity money.
C. corn cannot be used as a store of value or as a unit of account in Perylia.
D. corn can be used as a store of value but not as a unit of account in Perylia.
Answers
B. Perylia uses commodity plutocrat. Commodity plutocrat is a form of plutocrat in which the value of the plutocrat is deduced from a commodity.
That has the value independent of the currency itself, similar as gold and tableware. In the case of the Perylia, sludge is being used as the commodity. This means that the value of the currency is determined by the value of the and also sludge being changed. Because the value of the sludge is determined by its failure and utility, it's a form of commodity plutocrat. In this way, also sludge can be used as a medium of exchange, but it can not be used as a store of value or a unit of account. This was then because the value of the sludge is constantly shifting, making it also delicate to use it as a dependable also the measure of value or a store of wealth.
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Which is not one of the main sections of a resume?
A. contact information
B. salary requirement
C. education
D. work experience
Answers
Answer:
B. salary requirement
Explanation:
Salary is typically posted in the job description or negotiated by the employer/employee as part of the hiring process
The financially important reaction to produce the valuable product b not the real name was carried out in
Answers
Answer:
Jesse Pinkman's garage
Explanation:
The product B was carried out in Jesse Pinkman’s garage.
Jesse Pinkman was a character in an American neo-Western crime drama television series "Breaking Bad" where breaking bad was a low budget and have less money to buy equipment for the company.
To overcome this financial problem, Jesse Pinkmanmeet his cousin Bernie who gets reactors for them and the reaction takes place in the liquid phase in Jesse Pinkman’s garage.
Hence, the correct answer is "Jesse Pinkman's garage".
How Red Robin Is Trying to Fly High
Red Robin operates more than 550 casual restaurants in the United States and Canada. The burger-focused company, based in Greenwood Village, Colorado, has been struggling with sales declines in a difficult business environment. Consumers today have many alternatives to cooking, including a wide array of restaurants and services that will deliver prepared food. At the same time, restaurants have difficulty limiting the cost of labor, for two reasons. First, the minimum wages paid to many restaurant workers have been rising, and second, the demand for workers has been high, as reflected in several years of low nationwide unemployment rates.
Under the leadership of former chief operating officer Guy Constant, whose background is in finance, the company decided to meet the competitive challenge with a focus on labor costs. They announced what they called a team service model, which involved having employees perform a wider variety of tasks. Instead of having bussers clear tables alongside servers, the servers would take orders and clear tables. And the restaurants’ hosts would also handle carryout orders when customers came to pick them up. Along with these changes, the restaurants cut back on the number of workers scheduled for shifts. These moves did indeed reduce the cost of labor as a percentage of sales. The problem was that sales also fell, posting quarterly declines almost every quarter for four years, dragging down profits with them. Constant acknowledged that the changes in staffing had made it difficult for restaurants to maintain consistent quality. Trying to compete by emphasizing low-price deals only made the profit situation worse. Constant eventually was dismissed, and his boss, chief executive Denny Marie Post, also was replaced.
Other performance metrics also signaled trouble. Following the switch to the team service model, customer wait times increased, and so did the ticket time: the number of minutes from submission of a diner’s order ticket to delivery of food to the table. The number of people who left before being served jumped 85% in one year. At the same time, the company was having more trouble keeping employees. It had many open positions for managers in the restaurants.
Red Robin brought in a new CEO, Paul Murphy, from his previous position at Noodles & Company to turn around the company just as it was reporting its first quarter of sales gains in a year and a half. Murphy has been focusing on quality improvements in the food and service. Instead of lowering costs by expanding employees’ responsibilities, the company intends to focus on how technology such as handheld devices to take orders can bring efficiency to restaurant operations. The chain also is improving schedules so that the busy hours are more heavily covered by staff. The company also is testing more generous pay for managers. Although this raises costs, Murphy notes that attracting and keeping experienced managers is associated with better restaurant performance, including financial performance.
With regard to food, Red Robin has been expanding its arrangement to sell Donatos pizza in its restaurants. At the same time, Murphy aims to cut the number of menu items by 10% to streamline service and also to investigate new ingredients to improve the appeal of menu items in line with what customers are seeking from Red Robin’s competitors. And he has set a goal to build loyalty while shaving costs by enticing customers to order direct from the company’s website, rather than through a third-party delivery service.
Early results have been positive, and not just in continued sales gains at stores open at least a year. Customer visits were still down, but customers were spending more per check, and sales have been increasing for catering and delivered food. Traffic in restaurants with Donatos pizza on the menu have actually seen an upswing in the number of customers. Murphy reported that manager positions have been fully staffed and there is lower turnover of hourly employees. The result is more experienced employees, who are better able to handle the traffic and keep customers satisfied. Ticket times have gotten shorter as well. Despite stores being shutdown in some states for several months due to the COVID-19 pandemic, Murphy has predicted steady growth in revenues, as the initiatives to improve service take off.
PLEASE EXPLAIN IN DETAIL AND WITH OPINION
How do you think Mary Parker Follett would have addressed the challenge of improving productivity in Red Robin’s restaurants? Would her approach have helped the company? Why or why not?
Give an example of a type of problem management science could solve for Red Robin. What limits, if any, do you see on the ability of management science to help Red Robin’s managers solve business challenges described in this case?
Answers
Mary Parker Follett was a management theorist known for her emphasis on collaborative and participatory approaches to management. Her ideas focused on the importance of integrating the expertise and contributions of employees in decision-making and problem-solving processes.
Collaboration and Empowerment: Follett would advocate for involving employees at all levels in the decision-making process. She would encourage managers to seek input from front-line staff regarding operational improvements, such as streamlining processes, reducing wait times, or enhancing customer service. By empowering employees and valuing their expertise, Follett believed that organizations could tap productivityimprovements.Cross-Functional Teams: Follett would promote the formation of cross-functional teams within Red Robin's restaurants. These teams would bring together employees from different areas, such as servers, hosts, cooks, and managers, to collaboratively identify and solve productivity-related issues. By fostering teamwork and cooperation, Follett believed that organizations could leverage the diverse skills and perspectives of their employees to find innovative solutions.Training and Skill Development: Follett emphasized the importance of investing in employee training and skill development. She would encourage Red Robin to provide comprehensive training programs to ensure that employees are equipped with the necessary skills and knowledge to perform their tasks efficiently. By enhancing employee capabilities, organizations can improve productivity and deliver better service to customers.Continuous Improvement: Follett would emphasize the need for a culture of continuous improvement within Red Robin's restaurants. She would advocate for regular feedback loops, where employees are encouraged to share their ideas, provide suggestions, and offer insights on potential productivity enhancements. By fostering a culture of continuous learning and improvement, organizations can adapt to changing customer preferences and market demands.
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Step 2
The risk assessment has been carried out and fortunately has not uncovered any major
problems. Now the owner wants your help in choosing the right kind of insurance for his
business. Help him by writing a guide on what to consider when making this decision so that
he chooses the right kind of insurance. Be sure to mention important factors such as the
influence of the business's location, the number of employees, and the industry they are in.
Answers
A risk assessment is considered to be a process in order to identify potential hazards and analyze what could happen if an hazard tend to occur.
The aim of the risk assessment process is in order to evaluate the hazards, and then remove those hazard or minimize the level of its risk thus by adding control measures. Thus, through this one creates a safer and healthier workplace.
The hazard identification and the risk assessment helps one in recognizing and controlling the hazards in the workplace. Thus, one should create awareness regarding this to their employees and use it as a training tool.
Hence, risk management standards are set based on acceptable safe practices.
The given question is incomplete, the complete question is-
The risk assessment has been carried out and fortunately has not uncovered any major problems. Now the owner wants your help in choosing the right kind of insurance for his business. Help him by writing a guide on what to consider when making this decision so that he chooses the right kind of insurance.
Be sure to mention important factors such as the influence of the business's location, the number of employees, and the industry they are in their workplace.
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which new deal agency was created to specifically serve this population? (16e) question 3 options: federal housing administration securities and exchange commission federal deposit insurance corporation social security administration
Answers
Federal housing administration securities which new deal agency was created to specifically serve this population. The correct option is A.
What was the purpose of the New Deal?The New Deal had three objectives: relief, recovery, and reform. Relief meant that the president wanted to help those in need right away by creating jobs, bread lines, and welfare. The goal of recovery was to fix the economy and put an end to the Depression.
During the Great Depression, President Franklin D. Roosevelt instituted a series of programs and projects aimed at restoring prosperity to Americans. When Roosevelt took office in 1933, he moved quickly to stabilize the economy, create jobs, and provide relief to those in need.
Thus, the ideal selection is option A.
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