Successful firms such as Apple do not know exactly what contributes to its success, and different managers of the same firm may have a different list, usually suggesting that it is many things in combination.
Answer the following statement true (T) or false (F)
True
focal firm such as Apple do not know exactly what contributes to its success. When interviewed, they can usually generate a long list of what they do well, such as a strong organizational culture, a relentless drive, and many other attributes. To make matters worse, different managers of the same firm may have a different list. When probed as to which resource or capability is "it," they usually suggest that it is all of the above in combination. See 4-4: From SWOT to VRIOFrom SWOT to VRIO
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Answer the following statements true (T) or false (F)
1. The type of appraisal in which employees are evaluated by their managers, peers, and subordinates is called the 360-degree assessment. 2. Every year, 10% of GE's managers are assigned the bottom grade during the annual review cycle, and if they don't improve, they are asked to leave the company. GE uses a forced ranking performance review system. 3. Benefits are additional nonmonetary forms of compensation designed to enrich the lives of all employees in the organization. Common benefits include medical insurance, vacation days, and credit unions, all paid for in whole or in part by the company. 4. The great majority of union workers are in the public sector. 5. Mediation is the process in which a neutral third party, an arbitrator, listens to both parties in a dispute and makes a decision that the parties have agreed will be binding on them.
Sally is a student who was assigned to a group of students who must research and present a topic in class. She does not really like the other members of her group. She has only shown up for one of the four scheduled meetings/work sessions, and she has only contributed a minimum of the work that she has been asked to complete by the other group members. The presentation to the class is tomorrow. Sally could be described as a ______.
a. groupthinker b. free-rider c. nonconformist d. virtual team member
The terms in the objective function or constraints are additive
Indicate whether this statement is true or false.
A highly specialized technician who provides local agents in the field with technical help and assistance with marketing problems is called a(n)
A) general agent. B) actuary. C) Certified Financial Planner. D) special agent.