Topics: Investment, Employment, Management Pages: 1 (320 words) Published: October 20, 2011
Imagine that you are a business owner. Choose whether to hire a new person in the marketing department or upgrade your computer system. Each choice requires the same amount of investment. Address the following topics: What factors would you use to determine whether to invest in the additional capital or labor?

Upgrading a computer system can be a job that the new hire can do. While interviewing find someone who loves computers and loves marketing at the same time. After that entire person is working on computers all day so they should know how to upgrade a system. You can buy the part separately rather then paying someone the hourly rate to fix a computer system. That is why upgrading the computer system will be costly. A computer can make just as many mistakes as a human can so why don't we all pay an employee their time to do the job correctly. You should always hire someone who has many years of knowledge on computers and that specific field to do a good job. After all, no offense, but that employee will be on a 90 day trial period per say and can fix the computer in that time. If they do not qualify then find someone who can fix it.

It is also possible that the new person who is hired might leave the company after a short period of employment. In such a case, the investments made to induct the new person into the marketing department would not be fruitful to the business, as it would be a short-term investment.

Upgrading the computer system also helps in better automation of processes. Other factors that determine whether the investment would be used for additional capital or labor are the nature of the market, the strength of the department (framework of the organization) and the needs of the business. 


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