Vetements Ltee is a chain of men’s retail clothing stores located throughout the province of Quebec‚ Canada. Two years ago‚ the company introduced new incentive systems for both store managers and sales employees. Store managers receive a salary with annual merit increasing based on sales above targeted goals‚ store appearance‚ store inventory management‚ customer complaints‚ and several other performance measures. Some of this information (e.g.‚ store appearance) is gathered during visits by senior
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Vêtements Ltée by Steven L. McShane University of Western Australia Perth‚ Australia This case may be used by current adopters of: S. L. McShane Canadian Organizational Behaviour‚ 5th ed. (Toronto: McGraw-Hill Ryerson‚ 2004); S. L. McShane & M. A. von Glinow‚ Organizational Behavior‚ 3rd ed. (Boston: McGraw-Hill‚ 2005); S. L. McShane & T. Travaglione‚ Organisational Behaviour on the Pacific Rim‚ 1st ed. (Sydney: McGraw-Hill Australia‚ 2003) Copyright © 1995 Steven L. McShane Vêtements Ltée Vêtements
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and increase profits and customer loyalty‚ or the incentive programs might create competitiveness and back-stabbing among employees‚ and that is not best way to run a company. Vetements Ltee encountered competitiveness and back-stabbing among employees when it introduced its new incentives program. Vêtements Ltée is a chain of men’s retail clothing stores located throughout Quebec‚ Canada. In 1993 the company introduced a new incentive system for store managers and sales employees. Each store manager
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Case: Vetements Ltee Date Due: November 6‚ 2012 Problem Statement Who has to make recommendation/decision: Vetements Ltee Executives Has to do what: Adjust the incentive systems for both store managers and sales employees. Why: The sales employees began to engage in activities that had an adverse effect on inventory management‚ employee cooperation‚ and customer relations. When: Immediately To Whom do they make recommendation: To the store managers of Vetements Ltee retail stores
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Individual weekly case assignment – Vetements Ltee RUIWEN RAN (N01014875) MGMT- 1500-OLG 1. What symptom(s) in this case suggest that something has gone wrong? A men’ retail clothing store in Quebec called Vetements Ltee which introduced new incentive systems‚ which are salary with commission based on several performance measurements. The goal of the new incentive systems are that encouraging either store managers or employees to serve customers better in order to improve sales volume. Actually
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HANDWRITTEN submissions will be accepted! Apply chapter material throughout your analysis of the case (expand/contract table boxes to fit your content). Case Title: Vetements Ltee Key Person: Sales staff of Vetements Ltee Case Overview Who is the case about? This case is about the sales staff that work at the Vetements Ltee (A chain of men ’s retail clothing stores located throughout Quebec). What is the current situation? The senior management start to receive complains from the store managers
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Strengths: Sales in convenience stores and the food service segment remained strong because of the Company’s well-established presence in the single-serving snack market. Sales of both potato and nacho chips increased‚ 4 warehouses replaced with cross-docking systems and reduced inventory levels by ASFC by approx.. 10% Anwar Ayoub successfully reduced inefficiencies in the manufacturing processes by lengthening the production runs. This reduced the cost of sales by approximately 7%. Weakness:
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but it is the only most decent system available to achieve true and fair reward outcomes on the basis of merits and hard work of employees. In this work document‚ performance appraisal methods from two departments of Compagnie Mauricienne de Textile Ltee – Textile
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The ratings for the quarter ended 30 June 2012 will be published in December 2012. CAMEL Ratings for the Quarter ended 31 December 2011 Bank ABC Banking Corporation Ltd AfrAsia Bank Limited Bank of Baroda Bank One Limited Banque des Mascareignes Ltée Barclays Bank PLC Bramer Banking Corporation Ltd Century Banking Corporation Ltd Deutsche Bank (Mauritius) Limited Habib Bank Limited HSBC Bank (Mauritius) Limited Investec Bank (Mauritius) Limited Mauritius Post and Cooperative Bank Ltd P.T Bank Internasional
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An LLC is a relatively new form of business organization whose goal is to operate and be taxed like a partnership but retain limited liability for owners‚ thus a combination of partnership and corporation. If changing the company organization from a sole proprietorship to an LLC‚ the advantages are as follows. Since an LLC is functioned as a partnership‚ the funds raised from other partners will enlarge the scale of the company and relieve the cash flow and capacity problems and enrich its asset
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