...Importance of alignment [300 words]: The role of incentives in securing execution Employees are the agents of the firm’s owners since they take actions or make decisions that impact the payoff to the owners. The difficulties in the agent-principal relationships arise when the objectives of principal and agent are different and the actions taken by the agent or the information possessed by the agent are hard to observe. Employees care about the job in terms of the value the job generates for themselves. Thus providing the right incentives to employees would secure execution of the firm’s plans to meet the firm’s objectives. There are financial and non-financial incentives. Non- financial incentives are social and moral incentives. Which incentives are appropriate depends on the objective of the company. Since motivation comes from within the employees, the personality, needs and interest of each employee determine the right incentives that will influence employees to self motivate and produce the best work possible that will contribute to the firm meeting its objectives. Reward and recognition is concerned with the range of practices an organisation undertakes (financial and non-financial) to compensate employees, maximise employee engagement and encourage behaviours that lead to organisational success. A good reward and recognition system should motivate employees while aligning their goals with those of the organisation. Such a system involves balancing employee remuneration...
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...MUCB INTRODUCES THE WORLD’S MOST MOUTH WATERING SHOWDOWN ~Be the referee in the International Burger Championship~ Mumbai: January, 2013: What do the famous Wayne Rooney, Ola Hernandez and Baichung Bhutia have in common other than their passion for the game…? They all now have devouring burgers named after them at your favorite sports bar in Mumbai; Manchester United Café Bar. Manchester United Café Bar introduces the ultimate World burger championship where the fate of each country lies in your hands… and taste buds! Countries like Mexico, America, Lebanon, England, Caribbean, Thailand, China and our very own India are all represented through their versions of the classic burger. This means that you can have an authentic American burger along with a zing of Indian spices at the same time! Designed to please your tasting palates, the burgers are available in both, vegetarian and non-vegetarian options along with select favorite spices and sauces from the world. For all the daring souls who enjoy a spicy meal, relish the Mexican burger which smears its patty lavishly with chipotle mayonnaise and a zing of jalapenos or even the spicy Indian option which is loaded with Achari mayonnaise and onions. Seafood lovers can enjoy a fish or crab fillet created with a Caribbean twist. For all the health conscious, break the myth of avoiding a burger with the Thai grilled chicken burger which is paired with caramelized onions and roasted peanuts. Finally, for all who prefer a milder...
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...KK DEPARTMENT OF ORTHOPAEDICS, TRAUMATOLOGY & REHABILITATION KULIYYAH OF MEDICINE Case write-up 1: CLOSED FRACTURE OF DISTAL THIRD OF LEFT TIBIA AND FIBULA HISTORY Chief Complain Patient, Sonia a/p Bacik, a 36 years old single mother, orang asli, with a history of fracture at the left leg following industrial accident treated conservatively 1 month prior to admission, was referred from Hospital Pekan 4 days ago with a chief complain of pain at same side of the fracture. History Of Presenting Illness She was apparently well until 1 month and 3 days ago when she was involved with an accident during working at a papaya plantation estate. While she was working, she accidentally slipped and fell prone on a dirt road. Unfortunately, at that time a tractor was moving on that road and she was run over by it. The point at which the tyre of the tractor run over her body were at both her calf and also her back. Full blood count was done and the haemoglobin level was 12.1g/dL and total white cell count was 13.33 x109/L which was increased and may be suggesting infection. Imaging of the left femur was done and showing midshaft left femur fracture. Intravenous drip of four pints of normal saline over 24 hours was secured. Skin traction weighing 3kg was done. Laceration wound of the upper lip was managed by referring to dental. Otherwise, he is able to tolerate orally. He was treated with C. Cloxacillin 500mg QID and intramuscular Voltaren 50mg TDS for pain...
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...Diabetic write-up Encounter Date/Time: 11/09/2014; 1700 Patient Initial: AA Age: 72 years old Chief Complaint: “Ulcer on my right foot” History of Present Illness: O- 1 week prior to visit L- Right foot D- 1 week C- Painless ulcer A- Constrictive footwear R- Therapeutic footwear and rest T – Wound care, rest Past Health History: Adult Medical/Physical * Type 2 diabetes * Hx of foot ulcers * Hyperlipidemia * HTN * BPH Surgeries * None Problems at Birth: Patient reports that she was a full term healthy baby; 7lbs 8oz. Denies any problems at birth. Childhood Illnesses: The patient reports having had chicken pox. Immunizations: Patient claims to be up to date on all immunizations. Last flu shot (Fall of 2014) He denies any international travel or related immunizations. Family Health History: None Social History/Health Maintenance Activities: A.A. is married and lives with his wife. Retired engineer. Inactive lifestyle. Has a daughter that lives in Kansas. * Tobacco * Quit smoking 10 years ago. 2 pk/day x 50 years * Alcohol * Patient reports no alcohol use. * Diet * Patient reports a “regular diet”, “orders take-out often and drinks 4-6 diet cokes each day. * Exercise * Patient reports no regular exercise. * Colon * Patient denies any colon problems. He reports having a “normal” BM once daily or every other day. * Dental * Patient reports annual...
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...Case Write Up “In a world of free agency, signing bonuses and stock options, this a place where loyalty matters more than money.” This is the belief of The SAS Institute, the largest privately owned software company in the world. At the heart of SAS are its people. While some companies drive their employees through commissioned sales and a competitive environment, SAS stands in contrast as a company that takes pride in caring for their employees and giving them a workplace that is more egalitarian than authoritarian. While it can be argued that this structure has been successful at SAS, we believe that the organizational structure is flawed from a long term perspective and creates a climate that inhibits both motivation and innovation. As a whole, SAS promotes innovation by endorsing different methods to motivate their employees. The core corporate belief is that satisfied employees will create satisfied customers. The company rewards innovation, encourages experimentation, and cares about employees’ personal needs and professional growth. Based on this corporate belief, SAS has created an environment to align employees’ personal needs with company’s business objectives. SAS Institute’s fundamental desire is to “create a corporation where it is as much fun for the workers as for top management”.(O’Reilly P.106) All employees in the company are treated equally. Many practices are created to support this philosophy such as not having reserved parking spots for...
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...Alex Palmer HHMA 4341 Candice Carolyn Monk Write Up Mrs. Monk came to our class and told us of her small business and some understandings that people need to look into to managing a small business. For instance, keeping up with trends, the three P’s of marketing (Product, Price, Placing), reasons companies lose or gain business, and customer relations. She spoke to us about many knowledgeable ideas to managing a small business although the three that I think are most important are customer relations, the three P’s of marketing, and the reasons companies lose or gain business. Mrs. Monk told how Customer Relations is one of the most important jobs of a small business. Customer Relations includes active listening, details, looking for more opportunities to enhance customer relationships, and staying in touch with your client. Active listening is important. Hear what your client wants and needs for their event. Pay attention to detail, you cannot give good customer service if you are not giving them the right thing. Go the extra mile for your client to enhance your relationship with your customer. Stay in touch with your client it means a lot to clients when you are personable with them. The three P’s of marketing, product, placing, and price, are important to keep in mind when managing a small business. Sometimes it is smarter to buy the more expensive product, because it has better quality. Remember that when you have good relationships with your suppliers that...
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...Lab Write Up Identifying an Unknown Microbe Gregory Howard 10E The isolation I was given two unknown microbes and asked to identify them. The first step was to isolate each microbe. I did this by using the streak method to apply each microbe to an enrichment culture. The enrichment culture provides conditions to enhance growth of a species. Obataining a pure culture makes it easier to identify and study a particular species. The macconkey agar plate which is used to isolate and differentiate members of the enterobacteriace based on its ability to ferment lactose. Macconkey agar w/o crystal violet or bile will only grow gn rods which inhibits the growth of gp cocci. Columbia can agar plate which is a medium that allows growth of gp orgs especiall staphylococci, streptococci, and enterococci and inhibits the growth of gn orgs. After both plates where streaked they where incubated at 35 degress celcius for 48 hours. The Gram Stain Next I performed a gram stain to detect differences between microbes or differences in structure of the same microbe. This being my first time I ever gram stained false results could be because of poor staining techniques. Usina a modern light microscope I observed each microbe that grew on its agar plate of interest. Through my gram staining and visual observation I came to the conclusion that the macconkey agar plate grew enterobacteriace , a GN rod shape org and the org that grew on the Columbia can plate resembled a cocci due to its cluster...
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...Kiara Brown April 11, 2016 Living Write up Experiment I decided to violate a social norm. I choose this option for the living write up experiment because I feel like it is very out of my comfort zone. Violating social norms is not something that people do on an everyday basis and after completing this experiment, I feel as if we should. Of the five behaviors to choose from, I chose to get into an elevator that is crowded with complete strangers and introduce myself once the elevator doors closed. So in order to complete this experiment, I did not want to try it in just any old elevator. I chose to go to a Corporate Real Estate building in downtown Norfolk. I chose this building simply because of type of people that would most likely be using the elevators. I also chose a specific time to use the elevator as well. I chose lunch time because I figured this would be the time that most people would be on the elevator besides early in the morning. I figured lunch time would be the most interesting time because most people can be irritable before they eat and after they eat they can become a bit sluggish and antisocial. To me, this would give me better results rather than in the morning when everyone may be a morning person and actually be ready to work and willing to talk. On the way inside the building, I actually started to become very nervous. I was not sure how it was going to go so I was anticipating the outcome. On the elevator, I introduced myself to two people as there...
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...Simulation 2 Write-Up During the simulation there were many different factors leading to varying results. One of the biggest causes for variation was in the performance of the worker. The worker had the impression that they were under a time constraint. The performance of the worker was usually kept constant until the last 5 or 10 drawings of cards, which is when the worker felt the pressure to draw cards faster. Another cause of variation was the shuffling of the worker. If the worker didn’t shuffle the cards thoroughly it would result in a varied outcome from normal results. This variation is considered a normal cause for variation because as the time constraint became more noticeable the workers would shuffle differently. This occurred more on the last few draws each round. One special cause occurred when the professor walked over to our workstation and had a conversation. This distracted the worker and simulated a special cause for variation. In order to improve the process, I would first designate a worker for shuffling the cards so we could eliminate time used passing the cards. This worker would then split the cards into two piles. Then I would assign two other workers the jobs of counting the cards after they have been separated. The workers would then both tell a single recorder the amounts to be recorded. This would be repeated with the designated shuffler. In order to assure that the second supplier is delivering the promised quality, we made a second...
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...Haoxuan, Lin juan, Lin ying, Li qi To: Professor Chen Re: The 2nd case STARBUCKS Brief: The case includes some proposals from the IFRS about the lease accounting and a response from the Starbucks in which the Starbucks expressed its negative attitude and its reasons why it oppose those proposals. Then, in this write-up, our group is going to analysis the influence of leases and lease accounting on Starbucks. The importance of lease on Starbucks From the case, we know that Starbucks leases retail stores, roasting and distribution facilities and office space etc. After an explicit analysis and detailed discussion, we also understand that these lease related activities and issues play a very important role in Starbucks’ business activities. After an introductory accounting course we had taken, we realize that leasing can reduce risk of obsolescence. With more leases, there will be little or no down payment. And these positive effects are preferred choices for managers, especially for the Starbucks’ managers who have a lot of leases activities. Actually lease makes Starbucks hold more available cash which could be invested to other aspects, allowing it to build up more stores and capturing the market rapidly. Thus, leases are important for Starbucks. The importance from lease accounting We already know that many of Starbucks’ business activities are leases, such as leasing retail stores, roasting and distribution facilities and office space etc, so it is better to use...
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...Case Write Up Prepared by: Claire Liao Case: Heineken, Marketing Management Course Date: 11/11/2015 Heineken is one of the world’s leading brands over 130 years. It is the number 2 imported beer in the U.S and it is number 1 in Europe. Its’s global network of distributors and 115 breweries in more than 65 countries. Premier brands are Heineken are Amstel Light. Heineken aims for sustainable growth as a broad market leader and segment leadership while expanding and optimizing product portfolio. It embraced innovation as a key component of their strategy in the areas of production, marketing, communication and packaging. Heineken’s goal is to grow the business in a sustainable and consistent manner, while constantly improving profitability. There are 4 priority to reach the goal. 1) to accelerate sustainable top –line growth. 2) to accelerate deficiency and cost reduction. 3) to speed up implementation by committing faster decision making and execution. 4) to focus on those markets where they believe they can win. Heineken is losing import beer market share in early 20s. The problem is the maturing competitive beer industry. 37% of U.S adults are beer drinkers and beer is the most widely purchased alcohol beverage, beer industry is projected to grow steadily. The competition within beer industry is very strong, basically it is “eat or be eaten”, and every company is just trying to strengthen their global position any way possible. The biggest rivals include InBev and Grupo...
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...Needless to say the market was booming and everyone was trying to get a piece of the pie. The growth was “aided by the development of the high-yield bond market, which provided public market financing for the deals.” Issuance of these bonds grew from $1.3 billion to $30.3 billion from 1980-1986. No one expected for the LBO market to unravel but by the late 1980’s this market began to “fray.” In 1991 the total leveraged buyout volume dropped to less than $10 billion. The crash was due to the high valuations paid due to the vast amount of ready financing such as the high-yield debt. Ultimately excessive leverage, movement toward risky LBO targets, and an “overheated” market led to a collapse. In the late 90s LBO activity began to spark back up and both volume of LBOs and the average value grew significantly. Exit multiples were growing as well, the financing however became much different. Equity contributions grew almost 3 fold from the late 80s to the late 90s and early 2000s. The components of returns in LBOs also shifted drastically from the late 80s to late 90s financial leverage became a smaller component and the contribution from operating improvements grew greatly. Looking forward the most important change that will have an influence on LBOs going forward will likely be the change in the components of buyout returns seen in Exhibit 5. From the late 80s to the late 90s financial leverage decreased its component of...
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...Ryan Church Per. 2-3 Testing for Fecal Coliforms Purpose: The purpose of this lab was to test the water for fecal Coliforms. We will do this by testing water sample from the river, the pond, and the tap. After we acquire the water we put it in a vile and then into a petri dish to sit and develop the coliforms. Hypothesis: I believe that we will see a lot of fecal coliforms in the river and in the pond but not in the tap because it goes through a filter, and does not come in contact with animal waste. Data/ Observations: Class Data # of E. coli colonies per 100 mL | Location of the water sample | 33.3 | River | 89.9 | Pond | 0 | Tap | We could tell that the colonies were E. coli colonies because their color was blue/purple. We tested for the E. coli colonies because that is what made the water in the river and pond dangerous to drink. Even though you cannot drink the water in the river and pond you can still swim in it because they had less than 200 E. coli colonies per 100mL. Analysis: 1a. In this experiment our independent variable was the location that we get the water because it is what we change. b. In this experiment the dependent variables was the number of E. coli colonies because it is what we measured. c. In this experiment the controlled variables were the temperature that the water sat in, the amount of sunlight, and the solution that we used to observe the E. coli colonies. 2. After calculating the amount of E. coli colonies per...
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...second national event and we have put in a load of hours training at Bartley SC in the run up. We arrived at Grafham early Saturday morning. It was about 5 degrees and a light onshore breeze, the forecast was for the wind to gradually pic up then drop off throughout the day, not amounting to much only about 8 knots. There was to be 4 races scheduled on the saturday as there was unpredictable wind on the sunday. We launched fairly quickly and made our way out to the start line, we where starting in the blue fleet so we where second start and had plenty of time to set up the boat and work out the line bias. We didn't have the best of starts in the first race and sailed in dirty air throughout the first beat and so therefore rounded the first mark about 35th (which was really near the back of the fleet) we where really determined to make up some places so we really put our heads together and managed to take 10 boats on the downwind leg and a further 5 on the finish line to secure a 26th which we weren't to happy with to be honest and we knew we needed to change the way we tackled the fleet. We made a few changes and started the second race fairly well at the pin end and then worked our way to the right side of the course which seemed to pay. We had a decent leg and rounded the first mark roughly 20th. On the downwind we made a few misjudgments and lost some places. We made up the places again however and finished 20th which was better than the previous but we know we...
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...Q no. 1. What are the major issues in this case? Answer: The major issues that I have found out in this case include: * Lack of customer satisfaction due to improper practice of hygiene by Moore, hence creating an unpleasant workplace for customers as well as Gulford. * Diminished morale of Gulford and Moore due to lack of recognizing social responsibility in workplace. * Absence of initiative to improve communication between work colleagues. * Lack of anticipation and influence in identifying and solving the low turnout of productivity in the clinic. * Not facilitating and supporting team member to improve performance, since Gulford being in a senior position and more experienced than Moore could’ve contributed to improve the situation. * Promotion of conflict by Gulford by repetitively emphasizing and giving in negative feedback about Moore which also suggests that there may be other political agendas against Moore too that bothers Gulford. * Inefficient organizational management that could’ve prevented the declining business. Q no.2. What would you do? Answer: In this particular situation I would have taken the following initiatives: * Body odor being a sensitive personal issue can be very embarrassing to talk about, but I will tactfully and respectfully address this issue to Moore and help her understand how it is affecting the performance of the clinic and influence her to give importance to personal grooming and enhance her...
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