Carter Racing is in a difficult situation with respect to determining whether to enter an upcoming race at Pocono. On the one hand‚ in the event of a favorable performance Carter Racing stands to gain a $1 million sponsorship with Goodstone Tires that could finance Carter Racing to add another car next season. On the other hand‚ in the event of a poor performance Carter Racing risks losing an existing oil sponsorship worth $500‚000 that is critical to next year’s race season. After careful analysis
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Carter Racing Case Study In this case‚ Carter Racing has to make a decision about whether or not to participate in a race with the knowledge that they have been experiencing a 29% engine failure rate. Carter Racing is a relatively new team‚ so they have not yet established a firm reputation. The mechanic thinks that temperature is the cause of failure‚ but that theory has been questioned by another of the racing team’s engineering staff. If they race and win‚ they could receive a $1‚000‚000 sponsorship
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engine failure until he decides to race again for the next season. There are numerous ways to decide to race or not for John Carter when it comes to decision making. He can make the decision based on either his fellow chief mechanic Tom’s view‚ or the engine expert Paul’s assumption. However‚ regardless either way‚ the conclusion should be reached by some sort of quantitative analysis. At the first glance at the scenario‚ the immediate reaction was to throw all the numbers provided into the opportunity
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As fresh graduate‚ it is important to us to practice the monthly budgeting and personal planning. But in the practically situation the younger generation which is fresh graduate usually will negligent the important of Personally Financial Planning. The Financial Planning is not only for us for current situation‚ but it is the taproot for our future financial especially when our old day and retirement day already close to us. It based on what that we already planned‚ construct‚ done during younger
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In this case‚ Carter Racing has to make a decision under pressure about whether or not to race given they have experienced engine failure at a rate of 29%. Based on the opinion of the engine mechanic‚ temperature is a key driver in the cause of engine failure and Carter Racing has never raced in such a cold temperature (40 deg F). The data (only 7 data points) gathered by a more senior mechanic‚ who designed the turbo-charging system‚ does not demonstrate a correlation between temperature and gasket
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Sardeson Racing‚ Inc. is a small racing parts provider located out of Greenwood‚ Nebraska. The owners‚ Ron and Jeannie Sardeson‚ have ran and operated the company for 40 years‚ ever since first opening their doors in 1977. Sardeson Racing is within the oval dirt track industry. They sell parts out of their small location in Greenwood and then travel from race track to race track during the summer to sell products to racers. Their clients range anywhere from sprint car drivers to hobby stock drivers
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10/3/13 Carter Cleaning Company Case #2 Questions 1) First‚ how would you recommend we go about reducing the turnover in our stores? Turnover is a problem that is likely to be present in any low payed‚ low skilled job. Carter Cleaning can directly effect this turnover rate in a positive way through some guidance. Some great incentive for people to stay with a business is by providing opportunities for advancement. This could be practiced by Carter Cleaning by offering management positions
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The Carter case assignment Chapter 1 1) Make a list of five specific HR problems you think carter cleaning will have to grapple with 1) Recruitment and selection of new employees as they are expanding. 2) Training and development of the new recruited employees. 3) Appraisal of their performance 4) Compensating the new employees 5) Benefits 2) What would you do first if you were Jennifer? First I would hire a consultant in order to start the business expansion in a proper way I
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Human Resource Management January 26‚ 2011 Colin Ebanks Carter Cleaning Company - Job Description 1. There is no format or final form but the store manager’s job description should include: * Job Identification * Job Summary * Responsibilities and Duties * Authority of incumbent * Standards of performance * Working conditions * Job specifications 2. It is practical to specify standards and procedures in the body of the job description because the job description
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Case Study # 3: Carter Cleaning‚ pp. 222-223 2 Abstract The format and form in which a job description should appear varies in semblance. There is no set format in which a job description should appear‚ however with technology ever increasing and the many changes in the way an organization completes a job analysis‚ long gone are the days of compiling a list of duties for positions that are forever changing. It is within the job specifications where an organization can show what human traits
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