Background The NBA Collective Bargaining Agreement is the contract between the NBA team owners and the NBA Players Association that dictates the rules of player contracts‚ trades‚ revenue distribution and the salary cap. Since the previous CBA signed in 2005 was going to be expired before July 2011‚ the two parties‚ team owners and basketball players had to come up with a new CBA for the upcoming few seasons. According to the CBA signed in 2005‚ a soft cap system (at $58 million) was adopted
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Porters 5 Forces: Suppliers The bargaining power of suppliers‚ one of Porter‟s Five Forces‚ can have a significant effect on an organization. Suppliers hold power over a firm when they increase prices and reduce the quality of their product and the firm cannot use their own pricing to recover these changes in costs. Switching costs is the “negative costs that a consumer incurs as a result of changing suppliers‚ brands‚ or products”. Switching costs can represent a variety of things: time and
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Labor Relations and Collective Bargaining A labor union can be defined as an organization of employees that uses collective action to advance its members’ interests in regard to wages and working conditions. Two General Types of Unions 1. Industrial Union * Members of this union all employees in a company or industry‚ regardless of occupation. 2. Craft Union * Members of this union belong to one craft or to a closely related group of occupations Labor relations are
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I. ESSAY ONE - Collective Bargaining is essential component in any industrial democracy. "Labor market" can be defined as the mechanism in which workers compete for jobs and employers compete for workers. In a labor market‚ wages‚ benefits and responsibilities of workers are bought and sold. Unlike traditional markets however‚ labor is not a good that can be differentiated by conventional rules of supply and demand. While workers are the suppliers and employers are the buyers‚ overall supply
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Labor Relations and Collective Bargaining Agreements Strayer University BUS 310 Prof. Robert High March 15‚ 2009 Outline Labor Relations and Collective Bargaining Agreements I. History of the American Labor Movement a. Labor and Employee Laws b. The Union II. Labor Relation Process c. Public-Sector Labor Relations
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Explain the factors which might affect a grocery retailer’s selection of suppliers. 300 words. The supply chain needs to deliver the grocery retailer the competitive advantage to create value for the customer at an acceptable cost (1). It has been noted the reduction of time not only reduces costs but also gives a competitive edge to the business‚ therefore the time it takes for stock to arrive is important. ‘The supplier needs to be lean (efficient) and agile (innovative).’ (1) To do this there
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establish a comfortable working relationship based on mutual understanding and respect between the two. If there had been early resolution of the problems employees’ morale and overall productivity mostly likely would have improved. The collective bargaining process enhances labor relationship of its employees and union to perform better with fewer hazards for either party. These protective legislations improve the work quality with less negative effects. It ensures employees of their security and employers
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Confronting Unilever‚ Nestle and Procter&Gamble cash flow ratios (Main graph) Confronting the Unilever cash flow to sales ratios in the last three years with the same ratios of Nestle and Procter&Gamble gives several interesting points. (A) The constant relevant gap with Procter&Gamble is due both for the P&G’s superior gross margin‚ due to lower costs of goods sold‚ which leads to better net profits‚ and the advantages of to the generally accepted accounting principles (G.A.A.P.) used in
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MARKETING 675 Proctor and Gamble – Scope Case Analysis 10/18/2012 Industry This mouthwash market was initially developed by Warner-Lambert being pioneered by brand Listerine. In 1977 Warmer-Lambert launched Listermint mouthwash as a direct competitor to Scope. Before 1987 the mouthwash market was continuously growing on average of 3 percent per year‚ in 1987 the market experienced a 26 percent increase after the introduction of new flavor. In 1976 Scope was the leader in
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Case study 15-1: The Union’s Demand for Recognition and Bargaining Rights 1. Evaluate the various claims made by the union and counterclaims made by the company regarding the charges of unfair labor practices. Which of the arguments are most persuasive? The union claimed that the company had violated Section 8(a)(1) of LMRA by: Repeat investigate employees about union activities Threat employees that they would take the benefits if the selected union present for them Threat employees because
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