Motivation may be defined as psychological forces that determine the direction of a person’s behavior in an organization. Motivation is central to management because it explains why people behave the way they do. A persons’ behavior tells how motivated they are to do their job at a higher performance level. There is intrinsically and extrinsic sources for motivation (Gareth‚ 2009) There are also two motivational theories which explains how an employee can be motivated. Intrinsic behavior is
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Case Study: ‘Ocean Carriers’ By: Alyssa Linder Wenliang Zhang Xhangoli‚ Eva 1. Daily spot hire rates are determined according to supply and demand of the shipping capacity. According to the article‚ the supply of ships available equals the number of ships currently in the fleet plus any new ships added‚ minus any scrapings and sinking. According to Exhibit 2‚ there are a limited number of ships older than 24 years which are likely to be scraped. For those ships under the age group
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considered by the organisation. The pyramid that is typically used to describe Maslow’s (1943) theory (Appendix 2) shows the process in which employees rise from one step to the next. Maslow’s (1943) pyramid allows employees to evaluate their personal motivation within set stages‚ with basic needs at the bottom and higher needs at the top. Although there are limitations to this theory “Maslow’s theory has attracted two main criticisms. First‚ it is vague and cannot readily predict behaviour. Second‚ it’s
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Case 1 | Warren Buffet | Group 7 | According to the case‚ there are stock price changes for Berkshire Hathaway and Scottish Power plc on the day of the acquisition announcement. Also‚ the bid price for PacifiCorp is $9.4 billion. After knowing this announcement‚ Berkshire Hathaway’s Class A shares price went up and make them gained in market value $2.17 billion. In Berkshire and other investors’ point of view‚ After Berkshire takeover PacifiCorp‚ it might have a good development and future
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Case Study: Hill County Snack Food Co. 1.1 How much business risk does Hill County face? Hill County operates in a very competitive market where new potential entrants can be a threat to its operation either through lower price offering or lower production cost. Competition from peer companies has significant effect on its operation‚ because Hill County is price taker in the market‚ that is‚ increase in prices is not one of the choices it can implement. Also‚ due to the fact that its profitability
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option is to ask to be removed from the current position of Senior Market Specialist and be placed in a new position such as Sales‚ where his skills can be utilized in the interest of organization. Although this would help the company‚ Green may lose motivation towards completing tasks because he may feel that he has been demoted and unsuccessful. The best way Green can approach this problem is by changing his style of work and develop the skills necessary to be a successful senior market specialist
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Jones Distribution Case Finance Team -13 Executive Summary: The Company Jones Electrical Distribution was founded in 1997. The company distributes and wholesales electrical components. It is a sole proprietorship owned by Nelson Jones who is looking for a new banking relationship that will allow him to receive a larger loan to sustain his business. Even though the company has been turning in profits‚ the ineffective collection practice‚ not availing trade discounts on time and ineffective
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Case Study: Baria Planning Solutions‚ Inc. Case Overview Baria Planning Solutions (BPS)‚ Inc. was founded in 1997 and is a publically traded firm with $95 million in annual sales. BPS helps its customers reduce procurement costs and improve the performance of their suppliers. BPS uses a combination of software‚ data analysis‚ project management and consulting to scrutinize its customers’ spending categories‚ identify sources of potential savings through initiatives such as supplier consolidation
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Reporting Income for Dot-Coms Priceline.com 1. Under the current system of accounting‚ the company would record revenues of $250 as they are the merchants to the transaction and $200 (80% of transaction value) as their cost of goods sold. 2. Alternatively‚ the company can net off the effect and show $50 (20% of transaction value) as their commission revenue. 3. If I were the CFO‚ I would recommend to opt for the first method of revenue recognition because it would show better
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Employee Motivation‚ Recognition‚ Rewards‚ and Retention: Kicking It Up a Notch! By Demetrice Branch W eaver employs more than 400 team members at offices in Austin‚ Dallas‚ Fort Worth‚ Houston‚ Midland‚ Odessa‚ and San Antonio‚ Texas. Operating offices in disparate geographical areas presents challenges in establishing unified practices across all locations. Moreover‚ business expansion fueled by acquisitions and organic growth presents challenges in maintaining an atmosphere where employees
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