What are the advantages and disadvantages of using broadbanding?
What will be an ideal response?
Broadbanding encourages employees to move cross-functionally (e.g., purchasing to finance, between development and systems design) to increase the cross-fertilization of ideas. Hence, a career move is more likely within a band and less likely between bands. According to supporters, the principal payoff of broadbanding is flexibility. Flexibility is one side of the coin; chaos and favouritism the other. Banding presumes that managers will manage employee pay to accomplish the organization's objectives (and not their own) and will treat employees fairly. Historically, this is not the first time greater flexibility has been given to managers and employees. Indeed, the rationale underlying the use of ranges and grades was to reduce the inconsistencies and favouritism that were destructive to employee relations in previous generations. The challenge today is to take advantage of flexibility without increasing labour costs or leaving the organization vulnerable to charges of favouritism and inconsistent or illegal practices.
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There are several major segmentation variables that might be used by a marketer to address a consumer market
If the marketer were to use the social class, psychographic lifestyle, and readiness stage to segment its market, identify possible segmentation subcategories under each of the three.
The product life-cycle concept from microeconomics and marketing provides useful insights into the relations between cash flows from operating, investing, and financing activities. When a product matures
a. net income usually reaches a peak. b. working capital declines. c. operations generate negative cash flow. d. all of the above. e. none of the above.
Corinne is writing a persuasive message to her staff and includes the opening sentence Your hard work in planning last month's trade show made it the most successful we have ever had. She is gaining her reader's attention by using what type of opening statement?
A) A description of the problem B) A compliment C) A reader benefit D) A stimulating question
In early 2010, the issue of relatively low wages paid by ________ subcontractors made the headlines after a number of suicides by workers at factories run by Foxconn.
A. Malaysian B. Chinese C. Vietnamese D. Mexican