Business, 30.11.2019 03:31 Geo777

In his book, the new economics for industry, government, education, dr. w. edwards deming indicates that ranking people, salesmen, teams, divisions; reward at the top, punishment at the bottom; the so-called merit system is a farce. apparent performance is actually attributed mostly (98%) to the system that the individual works in, not the individual him/herself. the following equation will you to understand the futility of attempting to rank people. let 'x' be the contribution of some individual in a company, '(yx)' the effect of the system on the individual's performance. then suppose we have some number for the individual's performance such as 8 mistakes during the year, or making sales of $8,000,000. then: x + yx = 8your mission for this discussion question is to solve this equation for x and tell us how you did it. this is exactly what managers are doing when giving the individual a performance evaluation. the manager has no idea what the 'y' factor is, the impact of the system on the individual's performance; it is not measured. managers are just guessing what the 'y' factor is.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:00, JamierW2005

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

Answers: 3

continue

Business, 22.06.2019 11:00, nicko10

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?

Answers: 1

continue

Business, 22.06.2019 13:00, ksteele1

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators

Answers: 1

continue

Business, 22.06.2019 20:30, Arealbot

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game. expert answer

Answers: 3

continue

You know the right answer?

In his book, the new economics for industry, government, education, dr. w. edwards deming indicates...