The Subway Franchise The Subway story started in 1965 in Bridgeport‚ Connecticut during the summer of 1965. 17 year old Fred DeLuca was trying to earn enough money to pay for his college tuition by working in a hardware store. He wanted a way to add money to his minimum wage salary. He got the solution at a backyard barbecue in a conversation with a family friend‚ nuclear physicist Dr. Peter Buck. With a $1000 loan from Buck‚ DeLuca opened Pete’s Super Submarine on August 28‚ 1965
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Controlling inflation There are three ways of controlling inflation in an economy: Fiscal Policies: Fiscal policies are effective in increasing the leakage rates from the circular income flow‚ thereby rejecting all further additions into this particular flow of income. Following are a few types of fiscal policies commonly employed: * Lowering the expenses on governmental level * A fall in the borrowing amounts in the government sectors‚ on an annual basis * High direct taxes‚ for
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Organizational structures There are many different opinions and definitions on organizational structure. Structure in one sense is the arrangement of duties used for the work to be done. This is best represented by the organization. What determines organizational structure? Classics in the field of organization theory represent many different schools. Some believe that certain factor‚ such as size‚ environment‚ or technology‚ determine organizational structure. They argue that these factors
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Economies of scale imply‚ through expansion of operations the company can derive economies of scale‚ by getting access to a larger resource base like increased capacity of raw materials‚ labor force‚ etc. more number of suppliers‚ facilitating higher supply chain efficiency. Economies of scope means that using the variety in the goods and services being offered‚ the companies are able to use their facilities more efficiently with marketing and certain operations facilitated by its other international facilities
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History of OB Historically‚ different schools of thought have contributed to our understanding of the science and art of modern organisational behaviour and management. We will examine three major phases or schools of development during the beginning of this century. These phases include the Classical School characterized by scientific management and administrative theory that was prominent in the 1930s and 1940s. Second‚ we will consider the Behavioural school that rose to prominence in the
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1. Why do you think many people are in jobs that are not satisfying? Do organizations help people craft satisfying and motivating jobs‚ and if not‚ why not? I think many people are not satisfying at their jobs because of underpaid‚ limited career growth and advancement‚ and lack of interest. First of all is underpaid‚ Peter Cohan of Daily Finance said in an article that the Economic Policy institute reported that workers income is lagging behind inflation as of 2011. This means that employees must
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1. Identify some of the problems likely to occur in a boundaryless organization like Newskool Grooves. What are the Advantages of boundaryless organizations? Some issues that have occurred at the Kiev offices‚ managers there said that their computer programmers find working with little structure is uncomfortable. They are used to the idea of a strong leadership structure and well-defined work processes. Trying to reach co-workers in other offices who practice boundaryless organization has become
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ORGANIZTIONAL BEHAVIOR UNITED STATE POSTAL SERVICE CULTURE ANTHONY JOHNSON JULY 30‚2011 CINDY CURTIS What is an organization? It is defined as a cooperative social system involving the coordinated efforts of two or more people pursuing a shared purpose. According to Edgar Schein‚ a prominent organizational psychologist‚ all organizations share four characteristics: coordination of effort‚ common goal or purpose
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Rebe D. Detablan (Revenue District Officer) NORMA A. CASTAÑEDA ANABELLE B. MIER REX D. BILLONES MARRIANE I. MAGTALAS AIDA M. DIMARANA GINA G. CELADIÑA EVALINA C. LAYA JOSE RAMIL DEFUNTORUM JASMIN U. BACCAY FERNANDO T. CARINO (Admin Asst. III) (Admin Asst. III) (Admin Asst. III) (Info. System Analyst I) (Revenue Officer III -TA)
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Subdomain 317.1 – Organizational Behavior & Leadership Competency 317.1.1: Behavioral Influences Objective 317.1.1-06 Expectancy Theory focuses on the relationship between goal achievement and job performance. In the realm of job performance it’s the idea that people are more willing to work harder and be more productive in their respective line work if they believe that they will achieve the results expected‚ and if the financial and personal rewards are good enough. Expectancy theory is all
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