It was CFS’s loss of money from this freebie problem; the employees naturally would not want to jeopardize their relationship by standing out. Under the Den’s discipline system, since the management did not show enough concern on this matter, Susan chose to keep quiet after talking to one student manager. What seems to influence the perceptions and behaviors of other Devil’s Den employees? This company lacks of disciplinary consequences of a series of problems. Obviously, management ignored all the problems and be lazy to make a mover to be better.
Without trust, building a stable work environment between differing parties is difficult if not impossible. However, it could be said that it does not address other glaring issues with Carr’s position that personal morality does not apply to business. First, that cultural acceptance for such behaviour, the implication that business operates in a morality-free zone, is a glaring fallacy. Secondly, Carr’s position relies on the fact that when one enters a business they put on their ‘poker face’ and leaves behind their human identity. Not only is such a thing impossible, it attributes to business autonomy that it is lacking.
Reasons Valerie does not fit the dynamic approach consist of, strict value of maintaining control, order, and respect (History of Management Thought, n.d., pp. 7,8). Not that these values represent negative ideals, just the discourteous approach to not allow employees to learn and possibly make mistakes by applying inventiveness within their team. Also, the dynamic approach encourages fresh thinking to beat out competitors and remain successful in business not just in management (History of Management Thought, n.d., p. 19 pg 1). Meanwhile, Valerie does not provide any innovative ideas that are original and unfortunately, do not allow her team to branch out and create their
In fact, Dunning and Rugman did an additional extension to Porter’s Diamond framework. However, they do not have enough supporting document to prove that Diamond framework should not be use in the nations. Although Porter’s framework is widely used as a guideline for the nations, but it is not reliable for long-term usage as it does not sustain long-term competitiveness for the national business system. According to research, Porter’s diamond framework can only be used in mature and manufacturing economy as for those economy that are yet to mature they are not recommended to use diamond framework. Furthermore, double-diamond theory is more useful and suitable for smaller export dependent such as Korea and Singapore as well as China.
An employee cannot join the organization again after he has left. Also, a candidate previously rejected by the company’s HR cannot give an interview again. These policies are not bad in the broad spectrum. They are good when we take the company’s business model in perspective. However, they are very orthodox and may conflict with the employee’s best interests.
We have stood in a neutral position which is we do agree and disagree with national innovation system does not help young entrepreneur to innovate and venture new businesses. With part of the information we have concluded above, we do agree with the statement which is national system of innovation does not support young entrepreneur to innovate and venture new business. There are few barriers that keep national innovation to help young entrepreneur such as patenting trend, lack of quality education, and slow pace with R&D in Malaysia. However, with the sufficient particular facts that we have conducted in this assignment, we do disagree with the statement as well. It has evidently stated that entrepreneurs act as innovators that can lead future economic growth of a country.
Economic factors play a crucial role in any investment decisions that are made for taking a gain and better return to the investor. Economic analysis and company performance forecasting are necessary for making investment management (Hiriyappa,2008). There is lack of investment management which has exerted burden over the company to keep getting revenue for current as well as new production plants. If the new plants were set up after examination of organization’s structure and forecast of sales and revenue, then the situation would have been easier. The company mainly depends upon reports by managers who are not communicating well with each other as they are not co-operative.
Once you have a certain level of education in hand, you can strive to do anything. Many people have disagree on this as they say that education is not the key to success cause we don’t need a diploma or degree to succeed in future. All one needs is experience. We can always build ourselves up from the bottom with experience. There are many advantages and disadvantages in having a proper education, but that does not mean anything.
Firstly, independent workers have limited access to benefits and employment rights. The lack of benefits is a key concern which includes no protection against unfair dismissal, no rights to national minimum wage or holiday pay. Secondly, technology advances via job offers via the on demand platform offers “low barriers to exit”. This means that companies are able to monitor the workers performance and reputation continuously and algorithms may choice select workers on a unilateral basis. In some cases, due to negative reviews especially in public apps like Uber, workers may be not granted future assignments depending on the (arbitrary) satisfaction of a client.
1.4.4. Unnecessary inventory Keeping parts and products in inventory does not create any extra value for us in production sector. When this occurs, it only hides the problem and prevents their solutions. Additionally, keeping inventory means higher tied up capital and investment. However, it is not advisable to eliminate inventory mindlessly.