...1. Describe what you perceive to be the pros and cons of this deal from a qualitative perspective. Pros: There’re several obvious advantages of this deal, including: Superior location: This apartment is located on Dickens Street, one block South of Ventura Boulevard. The convenient transportation with easy access to 405 and 101 Freeways makes it an ideal place to live in for those who work in the major employment centers such as Burbank, Hollywood and Beverly Hills. Moreover, it provides the tenants with abundant necessities like shopping centers and restaurants. Well-designed with high quality construction: The apartment has excellent unit mix of Studio, 1 bd/1 ba, 2 bd/1 ba, and 3 ba/2 ba. With the combination of different kinds of units, the apartment better meets the potential tenants’ need and will lead to an easier tenants bring-in and suffer less volatility in future. Also, the well maintained Courtyard with swimming pool and outdoor eating area provides a nice environment. What’s more, the new copper pluming system, vaulted ceiling, central air and heat system add value to this apartment and differentiate it from other potential deals. Potential high capital gain: Due to low historic interest rates and a growing population, price of the area’s single family and condominium went through a continuous rise in recent years. This not only widen the rent/own affordability gap which may result in lower vacancy rate, but also provides the possibility of an extra capital gain...
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...relates to decision-making. Next, the paper makes mention of Benjamin Franklin utilizing “pros” and “cons” in his decision making process”. Following this, there is a quick mention on uncertainty as it relates to financial risk as well as a brief mention of a step-based rational decision-making approach. After the definition section there is an application section which deals largely with uncertainty as well as intuition of a decision maker. It is argued that the rational approach fails to address certain aspects of uncertainty but does allow for improved decision making as a whole. Finally, the paper concludes concisely noting that the rational approach is not fully achievable in the context of the real world as it is intended for an ideal state bounded by rational criterion. Rational Approach The rational approach to individual decision-making allows for managers to operate in the context of an ideal systematic method. Decision-making, particularly in the context of an organization, can be difficult with significant complexity and multi-faceted dimensions. Operating outside of a specific framework can increase the difficulty for managers to make the best possible rational solution resulting in arbitrary and sometimes non-optimal decisions. The rational approach allows for greater optimization and normalization in decision-making by managers across firms. Rational Approach Defined In order to move forward in the discussion of the rational approach as it relates to managerial...
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...Organization and Management of a Health Care Facility I am proud to introduce the leadership team of 21st Century Solutions Health Care Hospital. 21st Century Hospital is part of the World One Health System which includes numerous hospitals and clinics throughout the state. Our leadership team consists of 16 highly educated individuals with varying backgrounds. Each member is well experienced and well respected in each of their particular fields of expertise. I feel privileged to work with so many outstanding individuals. First we have our President of the hospital. This individual is our chief operating officer. He is in charge of all operations here at 21st Century hospital and the six outlying clinics. He oversees about 5,600 coworkers. He has a BS in business and has earned a MBA. Our COO has served as senior vice president of operations and ambulatory services where he managed several different areas including ambulatory care, cardiac care and physicians’ services. Under his skillful leadership, we have constructed several new health complexes, a surgical center and sleep center. He has been able to add more than 100 new physicians. Next we have our Vice President of Medical Affairs. This person services as the Chief Medical Officer/Chief Medical Information Officer. This officer is a seasoned MD and is mainly responsible for the medical staff, quality programs and regulatory compliance. Our Vice President of Surgical Services is responsible...
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...facing, it is ideal for them to focus on all of the good things within the corporate structure, as well as any new items currently being worked on. Summarizing team building, it is most definitely vital to ensure the success of all projects, to negotiate and confirm an ideal strategy as they pick the chosen teams to begin their projects. By predicting and analyzing potential issues and following through with interviews and evaluations, management will only then be able to determine strategies for effective team building and can be reassured that operations will run smoothly. We will then be also to determine proper conflict management plans by following suit of those deemed most successful within our organization. With so many options and ways to build a team, considering the benefits and cons is essential in determining what will work best for the corporation. For every option, will come the pros and cons, and determining which weighs heavier in the route the company wants to go, will ensure they are going in the right direction. To begin with, determining what roles everyone will play on the team will help set the precedence for direction, responsibility, and plan of attack. This strategy focusses on assigning roles that are appropriate for the individual. Analyzing every team’s assets, weaknesses, knowledge, education, specialties will definitely set the course. Although doing this can often cause negative feelings among teammates, it is vital in order to get the end...
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...Describe the characteristics of the ideal appraisal system? In order for an appraisal system to be effective, it should possess the following characteristics: • Clear Objectives: The objectives of performance appraisal should be clear, specific, timely and open. • Reliable and Valid: Appraisal system should provide consistent, reliable and valid information and date. Appraisals should measure what they are supposed to measure. • Standardization: The appraisal form, procedures and rules should be standardized. There should be well-defined performance criteria and standards. Employees should be made fully aware of these standards as appraisal decisions affect all employees of the group. • Training: Evaluators should be given training in procedures and principles of appraisal. They should be provided with knowledge and skills in designing appraisals, conducting post appraisal interviews and correcting rating errors. • Fob Relatedness: The appraisal system should focus attention on job-related behavior and performance. It should provide information on job related activities and areas. • Mutual Trust: Before introducing the appraisal system, a climate of mutual trust, cooperation and confidence should be created in the organization. Under the system, the employees should be treated in a supportive manner. • Feedback and Participation: The ratings should be communicated to both the employees and the raters. The employees should get information on their performance and the system...
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...BACKGROUND INFORMATION IKEA is an internationally known home furnishing retailer. It has grown rapidly since it was founded in 1943. Today it is the world's largest furniture retailer, recognized for its Scandinavian style. The name IKEA comes from the first letters of IKEA’s founder Ingvar Kamprad and the names of the farm and village where he grew up Elmtaryd Agunnaryd. Although the soil was thin and poor in Ingvar’s village, people had the reputation for working hard making the most out of limited resources. Ingvar applied the lessons learned from his village to the home furnishing market. Nowadays, IKEA’s vision is “to create a better everyday life for the many people by offering a wide-range of well designed, functional home furnishing products at low prices so as many people as possible will be able to afford them”. IKEA had a turnover of 26 billion Euros in 2011 and is present in 35 countries with more than 300 stores. PROBLEM DEFINITION IKEA had faced only successes when expanded from Swedish market in other European countries. The first attempt was in 1973 in Switzerland, followed by Germany in 1974. Since then it expanded across much of Europe with very good results. The issue raised in this case is how a giant like IKEA with a success story all over Europe tries to enter vast markets like the one in USA. So, the problem is how to sustain the corporate culture and brand identity together with the existing cost structure when entering new big markets with the...
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...to the rapid adoption of Fast Ethernet it lost in the marketplace and the working group was disbanded. XIII. IEEE 802.10 Standard for Interoperable LAN/MAN Security (SILS) (Withdrawn). 1. IEEE 802.10 is a former standard for security functions that could be used in both local area networks and metropolitan area networks based on IEEE 802 protocols. 802.10 specifies security association management and key management, as well as access control, data confidentiality and data integrity. 2. Specifications for an interoperable data link layer security protocol and associated security services are provided by IEEE 802.10. The Secure Data Exchange (SDE) protocol is supported by an application layer Key Management Protocol (KMP) that establishes security associations for SDE and other security protocols. A security label option is specified that enables rule-based access control to be implemented using the SDE protocol. A method to allow interoperability with type-en-coded Medium Access Control (MAC) clients is also provided, as well as a set of managed object classes to be used in the management of the SDE sublayer and its protocol exchanges. 3....
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...Timmy Throntveit Organizational Theory September 21, 2014 Research Paper: Outsourcing Outsourcing is the practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally (Investopedia). Why do many organizations outsource their business overseas to countries like China or India? Outsourcing is an effective cost-saving technique when used properly. Outsourcing is sometimes more affordable to purchase a good from companies with comparative advantages than it is to produce their products internally. China and India are the fastest growing economies around. The most obvious reason is the reduced costs. Wages for skilled workers are lower in developing countries such as China or India. The outsourcing of American jobs has become one of the biggest topics in the United States. The country's working class faces pressures which they have not experienced since the Great Depression of the 1930s (Magdoff, Foster). Outsourcing continues to have several different opinions from many individuals. On one side of the topic, many are in support due to the low cost for companies. The main reason is outsourcing boosts the United States economy. On the opposing side, many are opposed to outsourcing because of the reduction of jobs in the United States and a variety of other factors. The focus on outsourcing has led to many companies being shipped to foreign countries like China and India. With the rise of technologies...
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...CASE V Rough Times at NOMURA Adel, Camille Keven Adolfo, Elaine Banez, Kaye Ann Caballero, Gio Renzo Hernandez, Jocel Mae Micosa, Miriam Ona, Odessa Patricio, Lyra MGT 131-C Group III I. Point of View: The case shall take the point of view of Mr. George Rosebush, an American sales trader at Nomura Securities International. II. Problem Statement: What plan of action would George Rosebush do in order to solve the conflict between him, Mr. Yamaguchi, and NSI due to the cultural differences between the Japanese and the Americans? III. Analysis of Relevant Case Facts: a. Problem • George Rosebush was in Nomura Securities International (NSI), the American subsidiary of Japanese giant Nomura Securities Company Ltd., since July 1986. • The management in Nomura had refused to give Americans such as George the latitude to aggressively pursue business. • Japanese were very slow to make decisions or changes due to their consensus method of decision making. • Nomura was a monolithic machine where decisions emerged from the system with little need of creativity. This was a significant impediment in achieving success in the trading business, where the ability of trader to respond quickly to customer needs the vital to success. • The securities environment in the securities industry was suffering a major recession following the stock market crash of October 1987. Despite the market’s downturn, changing the Japanese trading habits had accounted for much problem...
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...To Build or Buy: Making decisions about Infrastructure and Applications Table of Contents Title Page1 Table of Contents2 Executive Summary3 The Asset Management Lifecycle and the Five Decisions4 Asset Lifecycle Management4 The Five Decisions4 Building versus Buying5 Building Software6 Building Pros & Cons6 Buying Software6 Buying Pros & Cons6 Making Decisions7 Ranking and Conclusion8 References10 Executive Summary While rapid advances in technology have opened an almost infinite number of possibilities for today’s businesses, organizations are typically challenged to exploit the latest trends to drive growth and market share. Our study found an important link between effective software development and the ability to successfully capitalize on today’s emerging technologies for competitive advantage. Advances in technology are growing rapidly and organizations are constantly trying to find ways stay ahead in the market and make profits. Organizations are now challenged to either buy off-the-shelf software or build customized software for their company in order to achieve a competitive advantage. Each choice yields its own pros and cons so there is no automatically correct decision. The choice that fits best lies in the goals of the company. In order to decide what is best for your company, the CIO needs to understand what it means to buy and what it means to build. Buying software ensures that the product has been tested and used by others. Therefore...
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...The Aspects of Internal Hiring Vs. External Hiring: Pros and Cons Calvin Bowens WRTG 394 Advance Business Writing 1 October 2014 Professor John Ross Executive Summary This research provides an evaluation of the historic and current practices used to select internal employees for promotion in mid-level manager position versus selecting external candidates to fill those positions. Methods of this evaluation will include pros and cons, site managers and human resource team feedback, as well as, corporate leadership take on possible approaches. Results of this evaluation show that each hiring requirement is unique in nature when referring to positions of leadership. All members interviewed or who shared their insight stated having a clear understanding of what higher level leadership wants and demands must be established up front. Therefore, assumptions of these higher level expectations almost always end in failure of the newly hired external candidate or the internally hired employee. In addition, research finds current business practice being utilize in the company does not support selecting internally or externally. There are several areas requiring further attention and investigation, to include possible remedial training for human resource generalist and site managers for the sole purpose of building staff confidence and growing leaders from within. Corporate leaders have taken the hands-off approach to hiring mid-level managers. With that said, a clear and concise...
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...INTRODUCTION 1 1.1. Performance Management System 1 1.2. Performance Appraisal System 1 1.3. 360 Degree Performance Appraisal System 3 2. THE OBJECTIVES OF 360 DEGREE PERFORMANCE APPRAISAL 3 3. PROS AND CONS OF USING 360 DEGREE PERFORMANCE APPRAISAL SYSTEM 4 3.1. Pros 4 3.2. Cons 5 4. 360 DEGREE PERFORMANCE APPRAISAL SYSTEM: BEST PRACTICES 5 4.1. Performance Appraisal Techniques used in Procter & Gamble Company 5 4.2. Performance Appraisal Techniques used in General Mills 6 5. REFERENCES 7 INTRODUCTION 1 Performance Management System Performance management is a process by which managers and employees work together to plan, monitor and review an employee’s work objectives and overall contribution to the organization. More than just an annual performance review, performance management is the continuous process of setting objectives, assessing progress and providing on-going coaching and feedback to ensure that employees are meeting their objectives and career goals. In today’s tough economy, businesses in all sectors are looking to increase productivity and reduce expenditure to improve their bottom line results. It is difficult to know whether your chosen path has taken you where you intended to be or will take you where you want to go, unless you review, make corrections, and stay focused. Having the knowledge and skills to implement performance management effectively is crucial to achieving good results. If performance management is not managed well it can...
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...In the development of sustainable tourism. The differences in cultural backgrounds of tourists affect the behaviour of consumption decisions, selecting products and services. BUT how can we understand cultural differences? Fortunately, psychologist Dr. Geert Hofstede asked himself this question in the 1970s. Geert Hofstede, born 2 October 1928 in Haarlem, is a Dutch social psychologist, who focuses his work on the study of cultures across nations and conducted one of the most comprehensive studies of how values in the workplace are influenced by culture. His original research of cultural dimensions involved a study of IBM employees from across the world. In fact, he developed four cultural dimensions as “Power Distance,” “Uncertainty Avoidance,” “Individualism versus Collectivism” and “Masculinity versus Femininity” respectively. A fifth dimension was added in 1991 based on the study of Michael Bond in Hong Kong which reflects the cultural differences between Europe and Asia. Hofstede gives the following definition of the LTO-dimension: “Long Term Orientation stands for the fostering of virtues oriented towards future rewards, in particular, perseverance and thrift. Its opposite pole. Short Term Orientation, stands for the fostering of virtues related to the past and the present, in particular, respect for tradition, preservation of face and fulfilling social obligations” (Hofstede , 2001, p.359). We can note that LTO and STO address the differences in cultures...
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...function during the development of games. Digital Chocolate’s culture is an example of cooperative environment and fine inter-personal relations. These features are results of the well-established communication methods followed. Functional departmentalization and communication is an important factor in every company and Digital Chocolate has achieved an exceptional flow of information between all levels of employees. Hawkins’s general strategy followed incorporates acquiring small but talented gaming companies. This way Digital Chocolate went into operations in very short period and captured a great market share. Moreover, one of the strategic tactics involves industry research. The competition of the gaming industry is fierce and in order to maintain a strategic position the companies offering services and products have to align with the technological achievements and customer needs. When the research is based on a global perspective, it opens new markets and can identify the global trends. This can be considered one of DC’s strengths that has helped in the development of a global common spirit and reduced costs. In 2009, Hawkins was eager to start developing new...
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...[pic] 4-Year B.A. (Hons) in Hotel Management Business Ethics HM 04/28 Module Handbook 2011-2012 Module Leader: Rakesh Katyayani Email: rakesh.katyayani@tajhotels.com rakesh.katyayani @ihma.ac.in HM 04 / 28 Business Ethics Introduction: This module examines the values and value conflicts inherent in the modern practices of the business world, investigates the major philosophical issues that challenge the conduct of ethics as a rational enterprise, exposes students to major traditions in philosophical normative ethics and applies those traditions to specific value conflicts in the business world. A critical thinking component is included in the course. Specific problems relating to topics such as corporate responsibility, employee rights, and the nature of the free enterprise system, environmental concern and ethical business practices. In deciding how to act, managers reveal their inner values, test their commitment to those values, and ultimately shape their characters. In general, Ethics is both an academic “subject” and a thoughtful way of doing things. Theoretical Ethics is that branch of Philosophy concerned with determining what is right (with regard to principles and actions) and what is good (what ends or ideals are worth pursuing and what values are worth holding). Practical Ethics is the art or techne (know-how) of figuring out how to make things better rather than worse with regard to concrete or actual situations. Business Ethics is a type...
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