Organizational Behavior Case : The Blue - Ribbon Committee. Mayor Sam Small is nearing completion of his first term in office. He feels his record has been pretty good‚ except for the controversial issue of housing. He has been able to avoid doing anything about housing so far and feels very strongly that this issue must not come to a head before the next election. The voters are too evenly divided on the issue‚ and he would lose a substantial number of votes no matter what stand he took. Yet
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Definition: A actual amount that has to be paid or given up in order to get some thing. In business cost is usually a monitory valuation of * Effort * Material * Resources * Time * Utilities consumed * Risk incurred * Opportunity foregone in a product. * Delivery of goods or services. * All expenses and cost Classification of cost Purpose of classification | classification | Preparing External Financial statements | Product classification (Inventoriable)‚manufacturing
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Challenges and opportunities A quick look at few dramatic changes now taking place in organization1.Old employee getting old2.Corporate Downsizing3.Temporary working employees4.Global competition5.War on terrorIn short there are lot of challenges and opportunities today for managers to OB concepts. 1.Globalization to Respond Organizations are no longer constrained by national borders‚ world become globalvillage. • Increased foreign assignment Transferred to your employer’s operating division
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Assignment 3 Chapter 7‚ critical thinking question nº 6: Suppose that you were put in charge of a virtual team where each member is located in different cities around the country or region. What tactics could you use to build and maintain team trust‚ as well as minimize the decline in trust that often occurs in teams? Virtual teams are a consequence of the extraordinary evolution on the information technologies and also of the increase in the knowledge-based work methods. Due to the globalization
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Q1: Insurance companies in the state of Florida earned record profits in 2006‚ suggesting that Nationwide’s decision to cancel policies in light of the calm hurricane seasons (in Florida) in 2005-2007 may have cost the company potential revenue and customer goodwill. Do you think Rommel’s quote about making a ’’sound business decision’’ reveals any perceptual or decision-making biases? Why or why not? Ans : Overconfidence bias is identified as ’’the tendency to overestimate the probability that
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Abstract Organizational authority or hierarchy is used in many organizations to help benefit a company and its employees. It is important to maintain a level of authority so the company can succeed and continue to grow with upper management. Organizational authority is also used to maintain managerial accountability. If someone becomes a manager‚ they must prove to be proficient‚ or else they will experience disrespect within employees‚ employee turnover‚ poor communication problems and guidance
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If it’s true that the eyes are windows into the soul‚ then the face is a map to a person’s mindset. At this point in time‚ facial coding is no more of a science than palm reading‚ but it has the potential of developing into a new area of expertise that could end up being used on a scale just as large as the polygraph. Facial coding‚ or the practice of interpreting the minute details‚ shifts and movements of the hundreds of muscles on a person’s face‚ is essentially designed as a system of reading
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Telephone Customer Service Representatives 1. How do you interpret the reliability results for the clerical test and work sample? Are they favorable enough for the company to consider using them “for keeps” in selecting job applicants? A. Clerical Test Coefficient alpha is high (.85‚ .86). This is a positive sign. Test-retest reliability is also high (.92). B. Work Sample (T) Inter-rater agreement is relatively high (88%‚ 79%) C. Work Sample (C) Inter-rater agreement
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MBA(EXECUTIVE) Ist Semester MANAGERIAL ECONOMICS Assignment-1 Q.1 Is managerial economics positive or normative? Analyse the relationship between managerial economics and decision making. Q.2 What are the various factors which may influence the demand for Intermediate goods‚ public goods‚ club goods and complimentary goods? Q.3 Why is demand analysis significant for management? Identify various concepts of demand relevant for various functional areas of management. Q
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What is organizational behaviour? How can managers apply it? Explain. Many organizations today‚ employ people of different ethnicity‚ culture and have subsidiaries in various parts of the world. Managers now have to find ways to manage effectively these variables to ensure the goals of the organization are accomplished. Managers get work done through others; therefore they need to have excellent interpersonal skills. As well as plan‚ organize‚ control resources and make good decisions on behave
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