Lecture 10: Game Theory/ Oligopoly Managerial Economics BSP 1005 D2 November 2011 Sanjeev Mohta Oligopoly Small number of firms Great deal of interdependence Interdependence leads to strategic behavior Conditions may promote collusion No single model of oligopoly Many models depending on circumstances Conclusions from some Oligopoly models The oligopoly firms will conspire and collaborate to charge the monopoly price and get monopoly profits. The oligopoly firms will compete on price
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Future Career Aspirations Answers Let’s understand with the help of an example: Interviewer: “What are you long term career aspirations?” Interviewee1: “I look forward to leverage my expertise in ‘Software Development’ at an MNC that offers me challenging job roles and a wider arena to work and perform.” Clearly‚ the interviewee is pretty assertive of his needs. He wishes to secure a job in a large organization that provides him with a higher DESIGNATION‚ a better PAY PACKAGE and more exposure
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A PROJECT REPORT On A Study of HR Practices in ITC Submitted in partial fulfillment of the requirement for the award of degree Of Master of Business Administration OF [pic] ITC Ghaziabad [pic] SESSION 2009 Submitted by: Raibahadur Singh Parihar Under the guidance of: MR. Ravi karan singh Contents 1. Declaration 2. Acknowledgement 3. Preamble 4. Objective 5. Certification of ITC 6. Policies of ITC 7. Company profile 8. Growth
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including HR. * By the late 1990s‚ in response to societal trends‚ Sonoco’s strategy was evolving from one that had traditionally been product driven to one that was more solutions oriented. Simultaneously‚ Sonoco was placing more attention on the needs and desires of the end consumer. 2) What were the objectives of change for Cindy Hartley? How successful were the HR changes at Sonoco? Was the sequence of change the right one? * The task being asked of Hartley was to devise a new HR organization
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April 18‚ 2010 Infosys employees vent anger on HR issues in Blogs Recently during a discussion on ’top 3 high priority concerns for HR’‚ I said that managing the voice of employees in the web space is going to be a top priority concern. I must admit that my point was not well endorsed and finally it did not feature among the top three concerns. However‚ I still continue to be a muscular proponent of what I had said with due respect to everyone who were present there. This link from Rediff clearly
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Introduction An employee might more knowledgeable and skilful by training and development program or process that maintaining an effective level job performance. So it acts an important role in HR department. As a part of BBA program‚ our Introduction to HRM course instructor Ramjanul Ahsan assigned us to prepare a report on HR Practices in Bangladesh. We have selected two companies to show the scenarios of Human Resource practice in our Bangladesh. They are “Nestle Bangladesh Ltd.” and “Square
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Resources include five main areas: Payroll ensures for our co-workers the services to be provided by the employer including payroll and the operation of the system of non-salarial allowance packages‚ cooperation with trade unions and the support of HR changes within the company. The responsibilities of the Human Resources and Organisational Development Team include: The organization and arrangement of trainings for our colleagues‚ the operation
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HR and OD Administrator Service: HR & Organisational Development Hours: 37 per week Salary: Scale points 8 – 13 Reference Number: Responsible to: HR Manager Responsible for: N/A _____________________________________________ The Position As a competent administrator the role holder will provide a comprehensive administrative support service for the HR & OD Team to delivery excellent services to staff and students. Main Duties and Responsibilities 1. Provides administrative support
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have great impacts onorganizations respective to human resource (HR) function behaviors. These impactsknow as globalization‚ increasing customer’s expectations‚ transparent market‚ andhuman resource management (HRM) provides possibilities to make organizations morehealthy and competitive. Where the firm may focus on cost for employee compensationand make conclusions on share services or outsourcings.We can say that‚ the function of HR units offers and increases some potential of organizations structure and some of human capital
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Do you consider the metrics organizations measure to be valuable? In order to develop a valuable HR metrics/performance measurement system it is imperative that organizations focus on their competitive strategy and operational goals‚ and should clearly define what employee competencies and behaviors are required to attain the above objective. (Becker‚ Huselid‚ & Ulrich‚ 2001‚ p. 52) Metrics are valuable if the actions and decisions which develop the metrics also develop the firm’s strategic
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