points out the linkage between an organizational life cycle and family life cycle. Family is a driving factor for a restaurateur‚ mentioned by majority of owners interviewed. Often‚ family opinions help drive business decisions. It is also important to recognize employees’ family needs as well. One instance can be seen during New Year’s Eve 1999‚ where most restaurants opened past midnight to take advantage of the millennium celebrations‚ one chose to close at 5.00pm so that his employees can spend
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especially wages. This could not only increase the cost of product‚ but also decrease company’s profit. According to Gaebler Ventures (2010)‚ it claimed that labour cost is one of the highest expenditures of company‚ particularly new businesses. Bloomberg (2010) pointed out that an increase in labour cost can slow down the organizational growth. If the company provides workers too high wages but does not increase working hours‚ the product cost will rise and the company itself will gain lower profit
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frequently as Generation Y. This can be clearly seen in the current labour market. For example‚ if the work is not living up to Gen Y’s expectations‚ they have the immediate intention to move to greater opportunities. However‚ Sunil et al. (2012) stated that turnover rate of employees in hotel industry is very high due to long working hours and low pay scale. Despite of this fact‚ people would prefer to work in other service sectors such as banks‚ Airlines and so on as there will be superior remuneration
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The Product-Mix Auction: a New Auction Design for Differentiated Goods Paul Klemperer Nuffield College‚ Oxford‚ OX1 1NF‚ England paul.klemperer@economics.ox.ac.uk +44 777 623 0123 Journal of the European Economic Association‚ 2010‚ 8‚ forthcoming (first version‚ 2008) The most recent public version of this paper is available at http://www.paulklemperer.org Abstract I describe a new static (sealed-bid) auction for differentiated goods—the “Product-Mix Auction”. Bidders bid on multiple assets simultaneously
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Quiz Product Chapter 1 • According to the well-known business writer‚ Gary Hamel‚ which of the following is the most important business issue of our time? Creation of radical innovation • _____ refer to rules of thumb that firms have found work for them. Heuristics • A product described as a "new product" in terms of design or production rather than marketing‚ falls under which of the following categories? Cost reductions • With reference to new product categories‚ _____ are also known
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Cyber-bullying has increase the bullying rate to new heights A seventeen-year old high school student called Rachael Neblett from Kentucky began receiving threatening emails through her MySpace account. The emails were brought to the attention of the principal of her high school. The emails included details of her movements during class and after school activities. Due to the context found in the emails‚ they were certain that the bully was another student at the school. Rachael received an email
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No More Pesky Learning Rates Tom Schaul Sixin Zhang Yann LeCun Courant Institute of Mathematical Sciences New York University 715 Broadway‚ New York‚ NY 10003‚ USA schaul@cims.nyu.edu zsx@cims.nyu.edu yann@cims.nyu.edu arXiv:1206.1106v2 [stat.ML] 18 Feb 2013 Abstract The performance of stochastic gradient descent (SGD) depends critically on how learning rates are tuned and decreased over time. We propose a method to automatically adjust multiple learning rates so as to minimize the expected
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the fact that they often fail a great concern to many corporations who make big investments in overseas assignments. As more U.S. companies expand their business overseas‚ the need to send employees on international assignments will increase‚ making the process of discovering the reasons for these failures increasingly important. Expatriate employees‚ meaning employees that are non-citizens of the country in which they are working‚ often find that unfamiliar surroundings and a new job can be particularly
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The discount rate Main article: Discount rate The rate used to discount future cash flows to their present values is a key variable of this process. A firm’s weighted average cost of capital (after tax) is often used‚ but many people believe that it is appropriate to use higher discount rates to adjust for risk or other factors. A variable discount rate with higher rates applied to cash flows occurring further along the time span might be used to reflect the yield curve premium for long-term
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Product placement‚ or embedded marketing‚ is a form of advertisement‚ where branded goods or services are placed in a context usually devoid of ads‚ such as movies‚ the story line of television shows‚ or news programs. The product placement is often not disclosed at the time that the good or service is featured. Product placement became common in the 1980s. In April 2006‚ Broadcasting & Cable reported‚ "Two thirds of advertisers employ ’branded entertainment’—product placement—with the vast majority
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