Management

Managerial Economics and Globalization

Managerial Economics and Globalization

Working In the Firm’s Best Interest

Each year, public schools are rewarded with bigger budgets for achieving a rating of “excellent” or “recommended” and are punished for rating “ needs improvement”.These ratings are based on meeting thresholds on a broad set of measures such as attendance rates, graduation rates, standardized test scores, SAT scores, and so on. Discuss the incentives for school principals (who are the agents, in this case) under this scheme and how you might improve them.

https://www.nbcwashington.com/news/local/Third-of-DCPS-High-School-Graduates-Shouldnt-Have-Graduated-Last-Year-Review-471684674.html

Assignment: Dealing with Risk, Asymmetric Information, and Incentives

Due Week 9 and worth 310 points

Earlier in the quarter we discussed Southwest Airlines’ use of game theory to create new strategy. Continue to research Southwest Airlines or a company of your choice and write a six to eight (6-8) page paper in which you:

  1. Evaluate a company’s recent (with in the last year) actions dealing with risk and uncertainty.
  2. Offer advice for improving risk management.
  3. Examine an adverse selection problem your company is facing and recommend how it should minimize its negative impact on transactions.
  4. Determine the ways your company is dealing with the moral hazard problem and suggest best practices used in the industry to deal with it.
  5. Identify a principal-agent problem in your company and evaluate the tools it uses to align incentives and improve profitability.
  6. Examine the organizational structure of your company and suggests ways it can be changed to improve the overall profitability.
  7. Use at least five (5) quality academic resources in this assignment. Note: One of your references regarding your should have been published within the last 6 months. Note: Wikipedia does not qualify as an academic resource.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

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business law easy discussions

business law easy discussions

Homework #1

No unread replies.No replies.

Don’t make this assignment more difficult than it actually is. Under “Announcement” , entitled “One Thing …”, there are two articles. For each article, summararize the article with one paragraph. The paragraphs should be 250 words, or less.

Also, please provide a a third paragraph. The third paraph should summarize how the articles will shape your “decision making” as a manager, a business ower, or an individual with dealing with a personal legal issue. The paragraph should answer, “what are you looking for in attorney”. It should answer how you will “manage” that relationship to avoid unnecessary loss of time and cost.

There is no “one” right answer for the third paragraph. However, it should make sense for what you are dealing with and looking for in an attorney. It should show that you understand what the two articles are about.

You are the “manager”. Remain professional, but poignant. You, your company, or your business are paying the cost for attorney fees. This paragraph should also be 250 words, or lesss.

One Thing ….

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As business professionals and future business professionals, you will read many business related books over the course of your career. For example, “Good to Great”, “80/20 Principal” and “Habit” are three of my favorites.

“ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results” is a recent New York Times Best Seller. In sum, the book describes “the value of simplifying one’s workload by focusing on the one most important task in any given project”.

Why is this significant to Business Law 308? This course covers topics that I learned over three years in law school, a bar exam, and 14+ years of legal service. Practically, I don’t believe we can do the various subjects and topics justice in a 12-week course.

However, you should leave the course being familiar with key legal terms and concepts that business professionals address frequently. The “one thing” I would like you to get out of this course is that the act of hiring and working with an attorney is a “relationship”.

Every business will need an attorney. Like most relationships that you can’t avoid, it has to be managed.

I will attach two articles that I believe summarizes “the good and the bad” with the relationship. The articles also cover areas in the relationship that will need the most attention and management.

The articles will be a homework assignment at some point during the semester. I will give you advanced notice.

Read This Before Hiring a Business Attorney – https://www.entrepreneur.com/article/242075 (Links to an external site.)Links to an external site.

10 Ways Lawyers Rip Off Clients (Links to an external site.)Links to an external site.

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Supply chain management

Supply chain management

 

Differentiate supply chain management from other similar concepts, such as logistics management or supply management. Then, using an organization that you know well (for example, a company you work for or one that you buy products from), create a diagram identifying the supply chain. Your diagram should include at least twelve steps. Identify and discuss three critical success factors of your supply chain (the things that make it effective and efficient).

How can supply chain management benefit society? Use the diagram you created to illustrate and support your response.

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Practicing corporate social responsibility( CSR) in Companies

Practicing corporate social responsibility( CSR) in Companies

2 pages the 3rd page is for citations-Topic is a company’s written code of conduct and CSR statement VS. what they actually practice in doing business ethically. Choose a company that you use or buy from and compare what they say on the internet about their CSR and what they actually do in terms of their practices. You will research what has been written about them in the media etc. Have their policies made them more or less successful.

Could you help me to find some article about Amazon’s news about CSR statement and practice in doing business ethically in this paper and Quote these article? It is best to have 3 or 4 references in this paper。.

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Managerial Economics and Globalization

Managerial Economics and Globalization

Week 10 Discussion

Loyalty Payments

Intel made large loyalty payments to HP in exchange for HP buying most of their chips from Intel instead of rival AMD. AMD sued Intel under the antitrust laws, and Intel settled the case by paying $1.25 billion to AMD.

What incentive conflict was being controlled by these loyalty payments?

What advice did Intel ignore when they adopted this practice?

Why did they ignore it?

Week 11 Discussion

If You Knew Then What You Know Now

If you’ve read and understood this book, you should know how to:

  1. Use the rational-actor paradigm, identify problems, and then fix them.
  2. Use benefit-cost analysis to evaluate decisions.
  3. Use marginal analysis to make extent (how much) decisions.
  4. Make profitable investment and shut-down decisions.
  5. Set optimal prices and price discriminate.
  6. Predict industry-level changes using demand and supply analysis.
  7. Understand the long-run forces that erode profitability.
  8. Develop long-run strategies to increase firm value.
  9. Predict how your own actions will influence other people’s actions.
  10. Bargain effectively.
  11. Make decisions in uncertain environments.
  12. Solve the problems caused by moral hazard and adverse selection.
  13. Motivate employees to work in the firm’s best interests.
  14. Motivate divisions to work in the best interests of the parent company.
  15. Manage vertical relationships with upstream suppliers or downstream customers.

Take a few minutes and share which of these concepts and skills you feel are going to be of greatest influence on your future.

Which of these concepts would have been really helpful to know in the past? What would it have changed?

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