TUTORIAL 2 1. Stevie G was shopping in a departmental store when he saw a bottle of cologne he liked. He put it in his shopping basket. He then went up to the 3rd floor of the store to carry on with his shopping. He changed his mind about the cologne and put it back on the shelf. Michael O‚ who works for the store‚ sees this happening and insists that Stevie pay for the cologne. Is Michael O right? Give your reasons. 2. Rahman is at an auction when he sees a Manchester United shirt. The starting
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2-2: Chapter Questions Action Items Q/ 01 Why study operations management? Answer All businesses want to hire bright people who can make the best decisions for the business as a whole‚ not the best marketing‚ finance‚ or operations decisions. They want employees who can see the big picture of how these functional areas interact. You will severely limit your career if you take a narrow functional perspective. Every decision is cross-functional in nature2. You will be working with operations and
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Introduction This paper discusses and explores the “Vision of Managing Change” as it pertains to the model of dealing with Organizational Change Management. It examines several concepts when talking about any organization’s vision statement as it relates to addressing change. Vision statements help provide a declaration to customers and/or clients that defines the organization’s purpose and goals‚ it lets them know why the organization exists. Some of those statements can be all encompassing
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Chapter 2 THE ENVIRONMENT Illustration 2.1 PESTEL Analysis PESTEL analysis is a useful starting point for environmental analysis‚ encouraging students to think wide. Exhibit 2.2 provides an initial PESTEL analysis of the airline industry‚ giving students the general idea. The first question asks for additional elements in the analysis. For example‚ under Political‚ you might add subsidies for local airports; under Economic‚ you might add the rise of Asian economies; and under Legal‚ you could
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KNOW THYSELF “What a man can be‚ he must be‚” said Abraham Maslow. According to his hierarchy of needs‚ people must self-actualize in order to live fully in this world. This same philosophy can be seen in the works of the great Greek philosopher Socrates‚ as he is known for his principle “know thyself.” Socrates is a Greek thinker‚ philosopher‚ and a teacher‚ who lived from 469 to 399 BC. He is known up until this time because of the contributions he had made in this world. He is famous for his
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Victoria Phillips Organizational Leadership Chapter 7 QUESTIONS FOR REVIEW 1. What are the three key elements of motivation? The three key elements of motivation are intensity‚ direction and persistence. Intensity refers to the amount of effort a person exerts or how hard they try. Direction refers to how the intensity is channeled to benefit the organization. Persistence measures how long a person can maintain effort. 2. What are some early theories of motivation? How applicable are
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Chapter 2: The Planting of English America I. England’s Imperial Settings >> transformation of the New World > Native American population nearly extinguished due to disease > 10% of India population from 1492 survived > thousands of African slaves were brought over (Caribbean and Brazilian plantations) >> North America > remained largely unexplored Spanish ---> Santa Fe 1610 French---> Quebec 1608
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GM 591 Final A_ Keerthi Kadam Question 1: Four basic functions of management: Planning- to set directions Organizing- to assemble resources and systems Leading- to create workforce enthusiasm Controlling- to ensure desired results Question 3: Emotional Intelligence is the ability to understand oneself and manage relationships effectively. Four competencies: Self awareness: ability to understand your own moods and emotions Self-regulation: ability to think before acting and to control disruptive
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managing diversity is that they are treating their employees as unisex. The employees receive training‚ fair opportunities‚ and career counseling. LeasePlan is creating a more supportive and collaborative employer through these actions. Through proper management‚ encouragement and possible bright futures‚ the employers have seen an increase in productivity and efficiency. By helping LeasePlan helping their own careers‚ the employers’ attributes and skills increase. There is human capital interest‚ empowerment
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Chapter Outline Chapter 2 I. Developmental theories and the issues they raise A. The Importance of Theories 1. Guides the collection of new information a. what is most important to study b. what can be hypothesized or predicted c. how it should be studied B. Qualities of a Good Theory 1. Internally consistent-- its different parts are not contradictory 2. Falsifiable-- generates testable hypotheses 3. Supported by data-- describes‚ predicts‚ and explains human development C. Four Major
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