Total Quality Management
.... constantly the human factor in our business;
(6) To reward men and women in our organization through
participation in what the business produces;
(7) To test every policy, method, and act in this way: “Does it
square with what is just and right?” The Penny Idea exercises customer
satisfaction, fairness, quality, value, associate training, and rewards for
performance.
TQM contains three ingredients necessary for a company to flourish:
(1) participative management;
(2) continuous process improvement; and
(3) the use of teams.
Participative management is developed from TQM prac .....
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The Merger Of Banks
.... increase
their revenues simply by tapping their customers on their collective
shoulder for more input into their businesses to help pay for their
purchases while we also finance their business activities.
Sheshunoff Information Services reported that between July and
September, 1997, $23.2 billion was committed by banks and thrift companies
for the purpose of acquiring some of their competitors. During the spring
quarter, the bank acquisition budget was limited to $7.8 billion (Elstein,
1997). While banking certainly is not the only industry indulging in the
mad merger race, it does appear to be the largest in the country .....
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Why Were The Japanese So Successful After World War II
.... an ever growing education level. It
influences Japanese society tremendously. It will reach a point in time
were almost all high school graduates will attend college. As a result
there will be an enormous amount of skilled workers, but it also means a
lack of low skilled workers.3 Due to this fact Japan had invest money in
other countries with low skilled workers such as Latin America. The profit
from their countless investments around the world can be said to sustain
their economy alone. As the years go by their surplus increases and their
investments also increases. The Japanese is benefiting from this
transaction as well .....
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The Origins Of The Great Depression
.... wages, who
would in turn invest in the general wealth by investing in the stock market
and also buying the manufacturer's goods. Even though it was true that the
businesses were gaining on profits, the worker's wages were not being
raised, and so they could not contribute to the buying of goods. Yet
surprisingly, the stock market soared without any regulation.
In the 20's banks began to quickly sprout up here and there around
the country to provide the Americans with the loans that they needed to, “
Get Rich Quick,” in the stock market. These Americans bought stocks on
margin, making the stock market boom with high number .....
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Price Policies Have Wider Range Of Destructive Demerits
.... with the post-1992 CAP which
was oriented to structural reform.
It cannot be denied that there were merits of the pre-1992 price
reform policy. There was a bountiful food supply with an increased variety
and quantity of food. Farmer's yields increased, particularly the large
farmers. Producers were protected from the external market due to community
preference and, therefore, domestic agriculture could develop. There were
also spin offs in food production. Although some of the policies created
good returns for farmers, the demerits of said policies far outweighed any
advantages they had. The core-periphery divide was widened .....
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Costs In The Long-Run
.... in the short run are to
do with choosing an output level within the capacity constraint.
With this introduction to the firms costs and output decisions we
can now apply them to see how firms decide on the output to produce in
order to maximise profits, the combination of actors of production to
employ and how output changes in response to employing more or a variable
factor in combination with a fixed factor; (i.e. the law of diminishing
returns) and the scale of operations to achieve optimum production. (i.e.
the economies and dis-economies of scale)
Since there are no fixed factors in the long-run, there ar .....
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Drugs And Their Effects On Business
.... in worthless merchandise and unhappy customers who most
likely will not use their products again. A worker with a drug problem also
misses more days, on sick leave, compared to a worker without a drug
problem.
The most logical reason for drug abuse is the accessibility of
drugs at work and in society. If drugs are so accessible then of course
there are going to be abusers. The government has tried to stop the flow of
drugs inside the United States, but they haven't had any overwhelming
success. Cocaine is becoming more popular because it provides an intense
high that gives the user the feeling he/she can do anything, and .....
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Engineers: The Builders Of Tomorrow
.... some of
the most elite three decades ago.” Says Ted Hoffman to Life magazine. (qtd
in Life, 32) Even today's cars cannot run without this silicon marvels
embedded on their system. Mercedes now boasts 50 microprocessors…(Life, 32)
The ones who made this all possible are the computer engineers of the world.
With there love for creativity and ingenuity, they are the ones that are
paving the road of tomorrow.
“Few are Nerd wearing pocket protectors, most are sociable and
articulate. They're the front line troops in the battlefield for the
environment and market share.” (Alpert, 87) We have always viewed
engineers as nerds and geekaz .....
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IBM's Dominance Of The Computer Industry
.... would be custom tailored for a particular business's needs.
IBM's greatest advantage, however, was its reputation as a service-oriented
vendor. Recognizing the importance of training, the company set up
programming courses to train users and established field-engineering teams
to resolve problems on-site. The firm was celebrated for responding to a
malfunctioning computer with a dedicated task force until the problem was
fixed. This was a level of customer service that was far superior to that
offered by any other computer vendor.
While IBM's products were innovative, they were not always the most
technologically advan .....
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History Of The Automotive Industry And Ford Motor Company
.... discrete income, the demand for new automobiles almost
stopped. This huge decrease in demand forced major cutbacks in spending,
factories were closed, employees were laid off, and production was almost
halted. Many of the smaller plants couldn't afford to stay in business.
The United States time of prosperity had ended.
WWII
During the early 1940s, the United States as Hitler rose to power
in Germany, and our relationship with Japan grew more and more tense. When
Hitler invaded France and started the war, the United States was quick to
respond. The United States started producing many different pieces of war
equipme .....
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The Mentality Of The Stock Market
.... report so they can look over
the company's financial figures, and find out who holds most of the stock.
If a large portion of the company is held institutionally, bad news can
hurt the stock dramatically because institutions tend to sell at the first
sign of weakness, which might be 50% of the outstanding shares. Another
source for trading information would be the company's recent press releases
and how they have affected the stocks price. The company might come out
with a press release saying their earnings for the previous quarter were
better than expected, consequently the price of the stock will rise, or
they might come o .....
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Electronic Commerce
.... means streams of electronic bits now flow instead of cash in back-end
financial processes. We need to resolve four key technology issues before
consumers and merchants anoint electric money with the same real and perceived
values as our tangible bills and coins. These four key areas are: Security,
Authentication, Anonymity, and Divisibility.
Commercial R&D departments and university labs are developing measures to
address security for both Internet and private-network transactions. The
venerable answer to securing sensitive information, like credit-card numbers, is
to encrypt the data before you send it out. MIT' .....
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