Business Managament

In: Business and Management

Submitted By hoff812
Words 1341
Pages 6
1st Week $1,708.60 $3,455.76
2nd Week $1,708.60 $3,455.76
3rd Week $1,708.60 $3,455.76
4th Week $1,794.99 $3,455.76 MONTHLY: JULY, 2015
1st Week $1,708.60 $2,692.80
2nd Week $1,708.60 $2,692.80
3rd Week $1,708.60 $2,692.80
4th Week $1,794.92 $2,692.80 MONTHLY: AUGUST, 2015
1st Week $1,708.60 $2,692.80
2nd Week $1,708.60 $2,692.80
3rd Week $1,708.60 $2,692.80
4th Week $1,794.92 $2,692.80 MONTHLY: SEPTEMBER, 2015
1st Week $1,708.60 $3,696.00
2nd Week $1,708.60 $3,696.00
3rd Week $1,708.60 $3,696.00
4th Week $1,817.02 $3,439.20 MONTHLY: OCTOBER, 2015
1st Week $1,708.60 $4,558.40
2nd Week $1,708.60 $4,558.40
3rd Week $1,708.60 $4,558.40
4th Week $1,802.65 $4,444.44 MONTHLY: NOVEMBER, 2015
1st Week $1,708.60 $4,472.10
2nd Week $1,708.60 $4,472.10
3rd Week $1,708.60 $4,472.10
4th Week $1,786.33 $4,215.30 MONTHLY: DECEMBER, 2015
1st Week $1,708.60 $3,080.00
2nd Week $1,708.60 $3,080.00
3rd Week $1,708.60 $3,080.00
4th Week $1,794.10 $2,823.20 Monthly: January, 2016
1st Week $1,708.60 $3,080.00
2nd Week $1,708.60 $3,080.00
3rd Week $1,708.60 $3,080.00
4th Week $1,802.65 $2,823.20

1st Week $1,062.40 $3,080.00
2nd Week $1,062.40 $3,080.00
3rd Week $1,062.40 $3,080.00
4th Week $1,062.40 $2,823.20

1st Week $1,708.60 $2,962.08
2nd Week $1,708.60 $2,962.08
3rd Week $1,708.60 $2,962.08
4th Week $1,801.65 $2,962.08 MONTHLY: APRIL, 2016
1st Week $1,708.60 $2,692.80
2nd Week $1,708.60 $2,692.80
3rd Week $1,708.60 $2,692.80
4th Week $1,794.92 $2,692.80 MONTHLY: MAY, 2016
1st Week $1,708.60 $2,336.00
2nd Week $1,708.60 $2,336.00
3rd Week $1,708.60 $2,336.00
4th Week…...

Similar Documents

Negotiations Analysis of Union Managament

...wages. If 2. The union had 52 week lay off period so that was a deterrence to ABC reduces wages then it would not be as lucrative for the management for firing people. workers to work there. So the 3. The no strike clause worked dependency of workers against them. decreased. 1. The main interest was to increase the wages for better well being of the employees In this round of negotiation, both parties had opposing interests. The power with the Union was more but the rights of Management were more. So in the end both parties were able to reach a consensus on the basis of rights. The Management effectively communicated the reasons for such dramatic mid review of contract and made union realize that the threat of company going out of business is real. Negotiation- Round 3: 1985 Contract negotiation Relative importance of Power, Rights and Interests in reaching agreement in this round of negotiation; top of pyramid is most important Power Interests Rights The balance of power, rights and interests amongst the union and ABC Management POWER RIGHTS INTERESTS Balance ABC 1. Had started operations of new plant. The plant could have worked with management workers and new labor at significant less price ($5.69/hour) So not dependent on workers any more. 2. The management had the option of terminating old contracts and award new contracts so they could have picked employees at industry average on their terms. All these legally enforceable. 1. Union had very less......

Words: 3021 - Pages: 13

Training and Managament

...develop superior behaviours and skills to meet customers’ expectations of higher levels of product and service quality. Clearly, time and money spent on The Service I.M.A.G.E Training Programme is not only a good business practise, but also a profitable investment. Our specially designed training builds understanding of customer satisfaction dynamics and emphasizes the role of employees in achieving internal and external customer service goals. Possible customer service challenges currently being faced The Service I.M.A.G.E Training Programme is designed to tackle; * Existing customer service challenges (sources of common customer complaints) * Internal customer alignment issues * Perceived future service challenges * Or in “blue skies’ mode to think about ways of improving the overall level of service delivery within the company. Like most dynamic organizations, your organisation will need to graduate beyond the narrow and limited perception of product quality as its main source of differentiation. Global technological standardization has significantly eroded technological and product based differentiation to a point that customer service in now becoming the key sustainable advantage organizations can rely upon. We strongly believe that a business can only build a sustainable competitive advantage if the firm driven by a customer driven approach of continuously trying to improve its product and services. The boom in consumerism has given rise to mature......

Words: 1901 - Pages: 8

Operation Managament

...careful never to compromise the quality of its service in order to cut costs. Wernie’s view is quite clear. ‘It is impeccable customer service which gives us our competitive advantage, not price. Good service means that our guest return again and again. At times, around half our guests are people who have been before. The more guest we have, the higher is our utilization of rooms and restaurants, and this is what really keeps cost per guest down and profitability reasonable. So in the end we’ve come full circle: it’s the quality of our service which keeps our volumes high and our costs low.’ Questions 1. Describe how you think Wernie will (a) make sure that the way he manages the hotel is appropriate to the way it competes for business; (10 marks) (b) implement any change in strategy; (10 marks) (c) develop his operation so that it drives the long-term strategy of the hotel. (10 marks) 2. What questions might Wernie ask to judge whether his operation is a Stage 1, Stage 2, Stage 3, or Stage 4 operations on Hayes and Wheelwright’s scale of excellence? (20 marks) 3. The case describes how quality, speed, dependability, flexibility and cost impact on......

Words: 1591 - Pages: 7

Scientific Managament

...managamnet strategies, thus imrove efficiency and effectivness. From the pinoeers of managamnet, like Robert Own and Charles Babbage, through the time of classical managamnet, to scientific managamnet and other contemporary theories, we have had many people with different ideas and strategies on how to imrove the managamnet of the company. This research will concentrate on the work of one of the scientific managamnet theorists, Douglas McGregor. Scientifc managamnt is a type of managamnet that emphasizes on workflows and specifically on labor productivity. Managers in this period have made a significant influence on managamnet as a whole, since this was the first time managament was considered a science. Frederic Taylor, who is considered to be the father of scientific managament, started developing scietific managament in 1880's. After his theories became famous, there were many more followers of scientific managamanet and many other theorists, like Douglas McGregor. Douglas McGreorg was born in 1906, received quality edcuation, peeking with the Ph.D. form Harward University in 1935. (The Economist) He is most famous for his book "The Human Side of Enterprise", thus his theoy of X and Y. McGregor theorizes that management should view the employees' motivation for work in two distinct ways, Theory X and Theory Y. Theory x is authoritative and it assumes that workers naturally do not like to work and that managers have to make effort to make the employees work. (The......

Words: 590 - Pages: 3

Executive Managament wait for the shipment to arrive, causing customers to purchase their winter coats from other department stores. The department is motivated to implement a solution to eliminate the issue at hand. Utilizing an up to date Inventory System will eliminate the shortage of winter coats. Macy’s Current Inventory System The inventory system that Macy’s use is the Aralco Retail Inventory Management System which is Point Of Sale Software. The Aralco Retail Inventory Management System does several operations. It will track the items selling and the items not selling. Another operation the Aralco System performs is prioritizing quick selling products; adjust placement, promotion, and pricing quickly. The Aralco System will make improved business choices in real-time. With this inventory system less time will be spent manually counting inventory and more time selling inventory. The Aralco System also gives the organization customer profiling, evaluations of the staff, prospecting, and generates reports. The final operation that the Aralco System performs is supplying the organization a mass e-mail system to keep in touch with current and future customers (Aralco, 2012). Raw Data The raw data used to generate the frequency and normal distribution is the University of Phoenix Material: Winter Historical Inventory Data. This data provides the actual total of winter coats sold by Macy’s Inc. during the course of four years. This data not only will generate the frequency and......

Words: 1160 - Pages: 5

Managament Functions

...Management has been described as a social process involving responsibility for economical and effective planning/regulation of operation of an enterprise in the fulfillment of given purposes. It is a very dynamic process consisting of various elements and activities. Managers exist in every business. In fact, managers do the same types of tasks in all business. Whether a person manages a hair salon or a factory, the manager’s position consists of similar tasks. Planning, organizing, leading, and controlling all serve an important part in achieving management’s vision. Each component is important and one cannot function well without the others. The first component of managing is planning. A manager must determine what the organizations goals are and how to achieve these goals. Much of which comes from the vision and mission statement for the company. Setting objectives for the goal and following up on the execution of the plan, are two critical components of the planning function. For instance, if a manager at my company were to get hired in a different program, they would need a new hiring plan, contract plan, and strategy plan. Planning is necessary to ensure proper utilization of human and non-human resources. Managers are responsible for organization of the company and this includes organizing people and resources. Knowing how many employees are needed for particular shifts can be critical to the success of a company. If those employees do not have the necessary......

Words: 365 - Pages: 2

Principle & Practice Managament

...recent mergers include but are not limited to: Iams, a known maker of animal products. And, Recovery Engineering, Inc., REI designs, manufactures and markets drinking water purification systems under the PuR name (P&G News Release). News Major Activities for the past year May 17, 1999- Proctor and Gamble Announce Dryel and Swiffer Global Expansion. June 9, 1999- The Procter & Gamble Company announces details of the next phase of Organization 2005, P&G's far-reaching, strategic initiative to accelerate the company's growth. September 13, 1999 - The Procter & Gamble Company (NYSE: PG) and Institutional Venture Partners (IVP) announces the formation of, a stand-alone Internet company that will create a new interactive business model that provides an innovative, personalized approach to beauty. November 3, 1999 - Procter & Gamble announces the planned national introduction of Mr. Clean Antibacterial Wipe-Ups, a new household product that cleans and removes 99.9% of bacteria in one easy step. The U.S. launch comes on the heels of highly successful European introductions of the product over the past year. January 13, 2000 - Procter & Gamble will expand its tissue and towel production capacity by adding two new paper machines and associated converting equipment to its Mehoopany, Pennsylvania plant. March 27, 2000 - CINCINNATI - Procter & Gamble announces it is exploring a possible divestiture of its Oxydol laundry detergent brand. April 5, 2000......

Words: 1390 - Pages: 6

Business Managament

...LAPORAN 29 September 2013 FAMILY BUSINESS “PT. DJARUM” Oleh: Harry Santoso 0131101101 M.K. FAMILY BUSINESS MANAGEMENT S1 BISNIS PRASETIYA MULYA BUSINESS SCHOOL 2013 Visi Perusahaan: “Menjadi yang terbesar dalam nilai penjualan dan profitabilitas di industri rokok Indonesia” Misi Perusahaan: “Untuk memuaskan kebutuhan para perokok global” Nilai-Nilai Perusahaan: 1. Fokus pada pelanggan PT. Djarum selalu mengutamakan agar pelanggan selalu puas terhadap produknya, dengan memberikan harga yang relatif rendah meskipun keuntungan yang dicapai berkurang, hal ini diatasi dengan peningkatan hasil yang baik dan jumlah penjualan, selain itu juga PT. Djarum memberikan dana kepada beberapa pelanggan untuk memasarkan produknya sehingga tercipta hubungan yang sangat dekat. 2. Profesionalisme Profesional dalam membangun perusahaan secara baik, dimulai dengan perekrutan karyawan-karyawati yang potensial (salah satu elemen vitas bagi kegemilangan gerak sebuah perusahaan). Kemampuan perusahaan untuk melakukan inovasi secara terus menerus. Seiring tuntutan tersebut, PT. Djarum selalu memberikan respon yang inovatif pada konsumen. 3. Organisasi yang terus belajar Dengan keberhasilan yang diperoleh berupa penghargaan-penghargaan dan produk-produk yang inovatif, PT. Djarum tidak berpuas hati, dengan keberhasilan tersebut, PT. Djarum selalu belajar dari keberhasilan itu. Tidak hanya selalu menilai perusahaannya sendiri, PT. Djarum melakukan......

Words: 910 - Pages: 4


...Michael Porter’s “Five Forces” Model Summary and interpretation by Prof. Tony Lima February 25, 2006 Figure 1: Porter’s Five Forces From Michael Porter, Competitive Advantage, Simon & Schuster, New York, 1985, p. 5 Prof. Michael Porter teaches at the Harvard Business School. He has identified five forces that determine the state of competitiveness in a market. The forces also influence the profitability of firms already in the industry. These five forces are summarized in the above diagram. (The fifth force is the degree of rivalry that currently exists among firms already in the industry.) Here are a few additional details about Porter’s model.1 1. Barriers to Entry Economies of scale mean larger firms can produce at lower cost per unit. This tends to lower the number of firms in the industry and reduce competition. Proprietary product differences are the characteristics that make a product appeal to a large market segment. But only those characteristics that cannot be copied at low cost by competitors (“proprietary”) will be a barrier to entry. Brand identity is the extent to which buyers take the brand name into account when making purchase decisions. Capital requirements are the total cost of acquiring the plant and equipment necessary to begin operating in the industry. 1 This material is a summary drawn from Porter’s Competitive Advantage (1985). The material in question is on pages 5 – 8. 1 “Porter’s Five Forces” by Prof. Lima February 25, 2006 2...

Words: 931 - Pages: 4


...people and other ethnicities referred to linguistic workforce of Turkey generally because they need to speak Turkish and Kurdish. So, it makes them somehow qualified employees in case of communication with Middle East customers. However, those are usually not graduated from colleges and young that has more loyalty against employees who are graduated and senior at their job because job satisfaction is high for them. Also, in east parts of the country, wages are lower than the west side because west side is more educated and developed. In addition, west part is more disciplined about institutional mechanism than east part and this situation makes the employees not flexible as much as eastern workers are. Finally, participation of women in business world is observed much more in western part than eastern part, in which traditional ideas and practices prohibit women work forces....

Words: 257 - Pages: 2


...Lincoln Electric: A Case Study Joe Attinello Cali Cook Alia Goss Kurt Oliver Mark Strom Mike Torbenson Business 305 Linda Gibson October 7, 2005 History and Background Lincoln Electric today is the worlds leading manufacturer of arc welding products, and also is one of the leading producers of electric motors, which was their very first product. John C. Lincoln is the founder of Lincoln Electric, which opened in 1895. He previously had been working for the Elliot-Lincoln Company who was a producer of Lincoln’s electric motors, but during the depression the company had lost so much he was forced to leave. Using the $200 he earned from redesigning an engine for Herbert Henry Dow, John opened his new business, with electric motors of his own design as the main product (Buller/Schuler, 2006). During that first few years the company grew but had some setbacks, which include a fire in the first year of operation. In 1906 John incorporated his business and moved it from a fourth floor room in a factory he was in, to a newly constructed three-story factory. He then expanded his work force and the sales grew to over $50,000 a year (Buller/Schuler, 2006). In 1907, John’s brother James joined him as a salesman and to help manage the company, as John preferred to be more involved in the inventing stage and less in the management of the products and company ( Over the next few years the product line was......

Words: 7457 - Pages: 30


...Establish and enforce rules for behavior, and procedures for maintaining order. • Read books to entire classes or to small groups. • Prepare materials and classrooms for class activities Accomplishments just trying to get the students to understand what you are teaching them, meanwhile you have some students who are not focused and wanted to do other things. but what I started to do, was finding something that all the kids was interested in and I started teaching things that I know would catch there interest. and also putting some of the work into a musical form so they can laugh and have fun with what they are doing. Skills Used you have to have good teaching skills, so the kids understand what you're teaching them EDUCATION AS in Business Managament ITT Technical Institute - DeSoto, TX 2014 to 2016 ...

Words: 395 - Pages: 2

Strategic Financial Managament

...Hedging is a risk management strategy used in limiting or eliminating chances of loss from uncontrollable changes in the prices of commodities, currencies, or securities. A hedge is an investment position that used to reduce potential losses that may be occur in an investment for an individual or an organisation. In short, hedging is a transfer of risk without buying insurance policies. Hedge funds are designed to reduce an investment risk while maintaining a good return on investment. Hedging refers to managing risk to an extent that makes it bearable. In international trade and dealings foreign exchange play an important role. Fluctuations in the foreign exchange rate can have significant impact on business decisions and outcomes. Many international trade and business dealings are shelved or become unworthy due to significant exchange rate risk embedded in them. Hedging uses various techniques, it involves taking equal and opposite positions in two different markets (such as cash and futures markets). A hedge can be constructed from many types of financial instruments, including forward contracts, future contracts, options, swaps, many other types of over-the-counter and derivative products. Forward Contracts Generally, the most prominent instrument used in hedging for exchange rate risk management is the forward contract. Forward contracts are customised agreements between two parties to fix certain condition such as the currency exchange rate, interest rate......

Words: 3652 - Pages: 15

Human Resource Managament Case Study

...very important role to play. We need to integrate Business Planning and Human Resource Planning, and then an organization will be in a far better position to deal with Human Resource. Discuss the importance of Human Resource Planning and how you will review and implement a proper Human Resource Plan for the future of Xrok Co. (25 Marks) Figure 1.0 2.1 INTRODUCTION Business Planning and Human resource planning Business planning involve creating goals for a business, expanding existing business or implementing new projects and developing ways to achieve the goals set. Business planning is very important for an organisation. Many businesses prepare business plan before starting a business. However human resource planning should be included in the business plan as staffing is very important for the success of an organisation. Failing to anticipate personnel’s needs can impact on the overall business success. The success of a business is directly linked to the performance of human resource planning and they are the one who work in the organisation. It is very important to put efforts on human resource planning as hiring the wrong person or failing to anticipate fluctuations in hiring needs can be very costly to the organisation. Human resources generally refer to an internal department that handles the hiring, training and paying of employees. Without adequate staff, in terms of quantity and quality, a business will be unprepared to implement its plan. 2.2......

Words: 2663 - Pages: 11

Innovation Managament

...the organisational environment in promoting innovation . Discussion questions If we know what organisational characteristics are required for innovation why are not all firms innovative? One could argue along similar lines why are not all children well behaved or why don’t all football teams play well? The answers to these last two will provide similar answers to that for innovation. There are so many factors that need to be in place that it is extremely difficult. Partly it is changes in the environment that cause instability and uncertainty and mostly it is that innovation is a management process that is managed by people. To resolve the innovation dilemma, why don’t firms simply separate the creative side of their business from the operational side? In many ways firms try to do this by establishing functions: Research & development; Marketing; Production. But this is only part of the solution, as the next chapter will illustrate. Many innovations are linked to the operations of the firm, hence one cannot completely separate the creative activities from the operational activities. If most new products are minor modifications of existing products why do firms continue with high risk, high cost projects? Largely because of hope. Hope that it will be their firm that delivers the next Apple ipod or the next Dyson vacuum cleaner or next new product that causes a market sensation and delivers extraordinary profits to the firm. That said, there......

Words: 2315 - Pages: 10

The Complete Chess Course - From Beginning to Winning Chess - 21st Century Edition (2016).epub Gooner | MLA Paper | Anticellulite