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Six sigma is a set of tools and techniques for process improvement and was developed by Motorola. It achieves its purpose by following two distinct methodology:
1. DMAIC
2. DMADV
Each of this methodologies features five phases.
Tools includes:
1. 5 whys
2.statistical and fitting tools
3.business process mapping
4. Axiomatic design
5. control chart
6 .Cost benefit analysis
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George Mason University Stock Dividend vs Stock Split Research Paper
Please respond to the following:Contrast the differences between a stock dividend and a stock split.Imagine that you are a ...
George Mason University Stock Dividend vs Stock Split Research Paper
Please respond to the following:Contrast the differences between a stock dividend and a stock split.Imagine that you are a stockholder in a company. Determine whether you would prefer to see the company that you researched declare a 100% stock dividend or declare a two-for-one split. Provide support for your answer with one real-world example of your preference.
California State University Northridge Ridgedale College Database
You are a graduate teaching assistant for Ridgedale College, a private college in the Midwest. To help the college better ...
California State University Northridge Ridgedale College Database
You are a graduate teaching assistant for Ridgedale College, a private college in the Midwest. To help the college better manage their course scheduling, you have created an Access database and are working on the tables and table relationships.Some of the data that you need for the Ridgedale College database is currently stored in Excel workbooks. Use the Import Spreadsheet Wizard to import the data from the Support_AC19_2b_TeachingAssistants.xlsx support file and append it to the TeachingAssistants table. Do not analyze the table after importing the data and do not save the import steps. Open the TeachingAssistants table in Datasheet View as shown in Figure 1. Close the TeachingAssistants table
Amazon Super Complex Shipping System Works Video Questions
1. Watch the video: How Amazon's Super Complex Shipping System Works (Links to an external site.)
2. Answer the following ...
Amazon Super Complex Shipping System Works Video Questions
1. Watch the video: How Amazon's Super Complex Shipping System Works (Links to an external site.)
2. Answer the following questions:
2.1. According to the video, what is the average number of orders Amazon receives per day, how many orders how many orders per day (in average) are fulfilled by Amazon itself and how many orders are fulfilled by a third-party? Demonstrate the steps of your calculation and which information you obtained from video to answer these questions.
2.2. Because of fulfillment operations automation, Amazon has a criteria to classify an item either "small" or "large". Describe the criteria.
2.3. Describe the picking process before (manual) and after (automated) the implementation of the Kiva robot, include quantitative details of the picking process that demonstrate Kiva's benefits.
2.4. Describe Amazon's Predictive Modeling for stocking items to accelerate the delivery of items and to reduce shipping costs. Include example(s) presented during the video to illustrate your answer.
2.5. Describe Amazon's approach for handling and fulfilling orders for Large non-Sortable items.
2.6. What is the role of Sortation Centers in Amazon's Shipping System?
2.7. Describe the role that Amazon Air Hub at Cincinnati International Airport (CVG) plays. Besides the video, review the following article and enhance your answer: Amazon Air Hub at CVG (Links to an external site.)
2.8. How does the 2-day delivery time to customers results in operational advantages for Amazon's? Illustrate your answer with examples from the video.
2.9. How does Amazon serves customers in Florida? Provide a description based on the video and based on the following article: Amazon Air Hub at Lakeland Linder International Airport (Links to an external site.)
2.10. Compare UPS or FedEx Hub-and-Spoke model to Amazon's Shipping System and describe how Amazon can transport packages by air more efficiently than UPS or FedEx, according to the video.
Assignment 1: “What Makes ______ the Best Place to Work and Why?”
Choose one (1) company that you believe would be an ideal company to work for based on working conditions, salary, opportu ...
Assignment 1: “What Makes ______ the Best Place to Work and Why?”
Choose one (1) company that you believe would be an ideal company to work for based on working conditions, salary, opportunity for advancement and work involved. Use the Internet to research.
Write a four to six (4-6) page paper in which you:
1. Evaluate the fundamental driving forces that shape the organizational environment of the selected company. Be sure to address the following: competing in a global marketplace, workforce diversity, ethics and morality, and technological innovation.
2. Examine the selected company’s specific practices or policies. Speculate on the major influences that these practices or policies have on individual and organizational outcomes.
3. Determine which practices related to work attitudes in U.S. organizations are most strongly affected by diversity and suggest a strategy to address the effects.
4. Use at least three (3) quality references. Note: Wikipedia and other Websites do not quality as academic resources.
Your assignment must follow these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA format. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
• Evaluate human behavior in organizations and the forces shaping the behavior.
• Analyze individual differences within organizations and their impact on organizational behavior.
• Use technology to research issues affecting organizational behavior in order to deliver assignments which are clear, concise and have proper writing mechanics.
• Write clearly and concisely about operations management using proper writing mechanics.
Grading Rubic
• 1. Evaluate the fundamental driving forces that shape the organizational environment of the selected company. Be sure to address the following: competing in a global marketplace, workforce diversity, ethics and morality, and technological innovation.
Thoroughly evaluated the fundamental driving forces that shape the organizational environment of the selected company. Thoroughly addressed the following: competing in a global marketplace, workforce diversity, ethics and morality, and technological innovation.
2. Examine the organization’s specific practices or policies and the influence of these practices on individual and organizational outcomes.
Thoroughly examined the organization’s specific practices or policies and the influence of these practices on individual and organizational outcomes.
3. Determine which practices related to work attitudes in U.S. organizations are most strongly affected by diversity and how those effects could be addressed.
Thoroughly determined which practices related to work attitudes in U.S. organizations are most strongly affected by diversity and how those effects could be addressed.
4. References
Exceeds number of required references; all references high quality choices.
5. Clarity, writing mechanics, and formatting requirements
0-2 errors present
JWI 550 Strayer University Management Operations Six Sigma Discussion
Use your work in Part A and Part B of your Course Project, as well as what you have learned so far in this course, to iden ...
JWI 550 Strayer University Management Operations Six Sigma Discussion
Use your work in Part A and Part B of your Course Project, as well as what you have learned so far in this course, to identify a potential Six Sigma project that can benefit the value stream and your organization.1) List and describe potential Six Sigma project(s) that you would propose to senior management, recommend one project, and justify your selection.2) Develop a detailed Project Charter for your recommended project. The project charter must include the following:a. Problem statementb. Goal statement or objectivesc. Project scoped. Critical-to-quality requirements, or CTQs, of the processes within the scope of this projecte. Key metric Y (or key metrics Y)f. Expected operational and financial benefits of the projectg. Milestone dates for each phase of DMAIC (or DMADV)h. Project team (titles of project team leader and members)i. Champion (title of executive or senior manager)Submission Requirements Your work is to be submitted in Word. Total length should be 3-4 pages. Since this is a charter, put some thought into how best to present the material visually. Use the instructor-provided Project Charter Template as a guide. At an absolute minimum, you should include clear headers and sub-headers. You may also want to call out certain elements, like timelines or key milestones, using graphics, tables, or colors to make the charter visually appealing and easy to read.https://cdnapisec.kaltura.com/index.php/extwidget/...
Saint Leo University Incentive Conflict Business Discussion
Part 1. Should be between 300-500 words. Use websites that are based in the United States and use at least 2 references. P ...
Saint Leo University Incentive Conflict Business Discussion
Part 1. Should be between 300-500 words. Use websites that are based in the United States and use at least 2 references. Please use in text citations. Identify an incentive conflict in your firm, or one you have read about, that reduced firm value. As part of your answer, discuss whether or not one or more of the legs of the organizational stool was unbalanced, and if so, how that contributed to the conflict. Part 2(a) For both parts this is the response for discussion post. Use websites that are based in the United States and use at least 2 references. Please use in text citations. Please add on to what was already talked about. Don’t repeat what was basically already said. The federal government employee rewards and incentives system has long been scrutinized. It is common knowledge that firing a federal employee is can be nearly impossible, and at times even puts the supervisor at risk due to union grievances or other such complaints. This organizational architecture has created a system to allows for free riders develop within the firm, creating a marginal cost to the taxpayer much greater than the realized marginal benefit produced by the employee. Secondly, bonuses and rewards offered to top-performing government employees are minimal compared to the private sector, creating an organizational architecture with high levels of decision rights at some positions compared to their much weaker incentives and rewards systems, leaving the organizational stool unbalanced. The chair consists of three legs, assignments of decision rights, the firm's reward system, and the performance evaluation system (Brickley, J.A., Smith, C.W. & Zimmerman, J.L. (2021). In 2017, the federal government only fired 11,046 persons out of the 2.1 million workforce (not including the military). This was 0.5% removal rate with the federal government (York, J.W., 2018). The low removal rate is in part due to the burdensome process of trying to remove a federal employee. Federal employees are not only protected by collective bargaining agreements but also through intensive federal regulation designed to protect the government worker. However, the burdensome process leaves management with the burden of following stringent federal regulations when addressing performance or disciplinary issues with the employee. In addition to burdensome disciplinary procedures, the federal government's awards and incentives system does not create a policy that motivates employees to perform at high levels. A federal employee often seeks. The stereotypical "lazy government worker" exists due to the federal government's organizational architecture. The federal government pay charts consist of several pay bands; however, the General Schedule (GS) pay band is the most common. There are 15 pay grades within the GS system, and each pay grade consists of 10 steps. Each step averages a 3 percent raise, and the raises are automatically based on longevity. Steps 1-4 occur each year, then two years between steps 4-6, and finally three years between steps 7-10 (Office of Personnel Management, N.D.). This creates an incentive system that automatically provides employees the marginal benefit of increased salary based on longevity without increasing the marginal costs of increased or superior performance, fueling the "lazy government worker." It is apparent that the federal government's organizational stool is left unbalanced when realizing the primary pay scale rewards system is not performance-based. REFERENCES Brickley, J.A., Smith, C.W. & Zimmerman, J.L. (2021). Managerial Economics and Organizational Architecture. 7th Ed. McGraw-Hill Education Office of Personnel Management. (n.d.). General Schedule Classification and Pay. https://www.opm.gov/policy-data-oversight/pay-leav... York, John W. (19 July, 2018) The Heritage Foundation. Firing a Bad Federal Employee May Get a Little Easier. https://www.heritage.org/government-regulation/commentary/firing- bad-federal-employee-may-get-little-easier Part 2(b) For both parts this is the response for discussion post. Use websites that are based in the United States and use at least 2 references. Please use in text citations. Please add on to what was already talked about. Don’t repeat what was basically already said. Several years ago, I worked as the accounting manager for a local bank. The bank was located in a rural area, and the majority of the stock was owned by one family. The president of the bank was a member of that family, and he was responsible for the day to day operations of the bank. Incentive conflict is the divergence between what is in the firm’s best interest, specifically profit maximization, and maximization of other’s utility. In this case, one of the causes of conflict was perquisite-taking (Brickley et al., 2021). Perquisites may be described as benefits awarded to certain employees, often executive-level, that are not provided to all other employees (Executive perquisites negotiation, 2021). The president often took extended time off during the year, above and beyond to what he was entitled as a senior leader of the bank. In addition, the bank paid for remodeling of the president’s home, as well as the furnishing of his home office. While it was in the best interest of the bank to appropriately compensate the president, and perquisites are often included in executive compensation, the bank president’s perks were excessive and were in conflict with the firm’s goal of maximizing profit (Veritas Executive Compensation Consultants, 2020). According to Brickley et al., the three legs of the organizational stool are the assignment of decision rights within a firm, the methodology of individual rewards, and evaluation of performance (2021). Ultimate decision rights in the firm very clearly belonged to the president; lower level employees had no authority to challenge his decisions, and the board was seemingly not aware of the impact of the additional expenditures or perks. Appropriate evaluations of performance did not occur, as the board of directors looked to the bank president for bank status. If the bank made money at a sufficient level, the directors were satisfied that all was well. In this example, all three legs of the organizational stool were wobbly. While the bank was profitable, better designed architecture would have maximized profits. References Brickley, J. A., Smith, C. W., & Zimmerman, J. L. (2021). Managerial Economics and organizational architecture (7th ed.). McGraw Hill LLC. Executive perquisites negotiation. Carey & Associates P.C. (2021, September 28). https://capclaw.com/executive-perquisites-negotiation/#:~:text=Executive%20Perquisites%20are%20those%20benefits,provided%20to%20all%20other%20employees Veritas Executive Compensation Consultants. (2020, August 25). What are perquisites and what role do they play in executive compensation packages? Veritas Executive Compensation Consultants. https://veritasecc.com/insights/what-are-perquisites-and-what-role-do-they-play-in-executive-compensation-packages/ Part 3. Should be between 750-100 words. Use websites that are based in the United States and use at least 2 references. Please use in text citations. And be very in depth with this response. eBay operates the world’s largest online auction. It is a multi-billion-dollar business, which in 2018 generated nearly $11 billion in revenue from its operations in about 33 countries. Sellers pay a small fee to eBay to list their items. They provide a description of the item, photographs, the minimum acceptable bid, accepted forms of payment, and other relevant information. Items can be sold at a fixed price or through an auction. In an auction, bidders submit electronic bids over the Internet. After the auction closes (auctions usually last several days), the high bidder received an e-mail. The high bidder must contact the seller within three business days to claim the item and arrange payment and delivery. eBay provides other support services: The Feedback Forum is a place where eBay users leave comments about each other’s buying and selling experiences. If you are a bidder, you can check the seller’s Feedback Profile easily before you place a bid to learn about the other buyers’ experience. If you’re a seller, you can do the same thing to check out buyers. Each participant is given a Feedback Score based on the number of positive and negative ratings they have received. Participants with sufficient positive ratings are flagged by colored stars. The highest rating is the “Red shooting star.” eBay has created a set of policies to guard against “feedback manipulation” and “feedback abuse.”eBay users are encouraged to settle transactions through PayPal. PayPal provides free insurance of up to $2,000 on some items to protect buyers in cases where they do not receive the item, or it was less than expected. Participants sign user agreements that specify the trading rules and expectations. eBay’s safety staff investigates alleged misuses at eBay such as fraud, trading offenses, and illegally listed items. Potential resolutions include such things as banning a person from future trading on eBay. How does eBay create value?What potential contracting problems exist on eBay?How does eBay address these problems?What are the contracting costs at eBay?eBay claims that it has only a small problem with fraud and misuse of the system. Does that imply that it is overinvesting in addressing potential contracting problems? Underinvesting? Explain?
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George Mason University Stock Dividend vs Stock Split Research Paper
Please respond to the following:Contrast the differences between a stock dividend and a stock split.Imagine that you are a ...
George Mason University Stock Dividend vs Stock Split Research Paper
Please respond to the following:Contrast the differences between a stock dividend and a stock split.Imagine that you are a stockholder in a company. Determine whether you would prefer to see the company that you researched declare a 100% stock dividend or declare a two-for-one split. Provide support for your answer with one real-world example of your preference.
California State University Northridge Ridgedale College Database
You are a graduate teaching assistant for Ridgedale College, a private college in the Midwest. To help the college better ...
California State University Northridge Ridgedale College Database
You are a graduate teaching assistant for Ridgedale College, a private college in the Midwest. To help the college better manage their course scheduling, you have created an Access database and are working on the tables and table relationships.Some of the data that you need for the Ridgedale College database is currently stored in Excel workbooks. Use the Import Spreadsheet Wizard to import the data from the Support_AC19_2b_TeachingAssistants.xlsx support file and append it to the TeachingAssistants table. Do not analyze the table after importing the data and do not save the import steps. Open the TeachingAssistants table in Datasheet View as shown in Figure 1. Close the TeachingAssistants table
Amazon Super Complex Shipping System Works Video Questions
1. Watch the video: How Amazon's Super Complex Shipping System Works (Links to an external site.)
2. Answer the following ...
Amazon Super Complex Shipping System Works Video Questions
1. Watch the video: How Amazon's Super Complex Shipping System Works (Links to an external site.)
2. Answer the following questions:
2.1. According to the video, what is the average number of orders Amazon receives per day, how many orders how many orders per day (in average) are fulfilled by Amazon itself and how many orders are fulfilled by a third-party? Demonstrate the steps of your calculation and which information you obtained from video to answer these questions.
2.2. Because of fulfillment operations automation, Amazon has a criteria to classify an item either "small" or "large". Describe the criteria.
2.3. Describe the picking process before (manual) and after (automated) the implementation of the Kiva robot, include quantitative details of the picking process that demonstrate Kiva's benefits.
2.4. Describe Amazon's Predictive Modeling for stocking items to accelerate the delivery of items and to reduce shipping costs. Include example(s) presented during the video to illustrate your answer.
2.5. Describe Amazon's approach for handling and fulfilling orders for Large non-Sortable items.
2.6. What is the role of Sortation Centers in Amazon's Shipping System?
2.7. Describe the role that Amazon Air Hub at Cincinnati International Airport (CVG) plays. Besides the video, review the following article and enhance your answer: Amazon Air Hub at CVG (Links to an external site.)
2.8. How does the 2-day delivery time to customers results in operational advantages for Amazon's? Illustrate your answer with examples from the video.
2.9. How does Amazon serves customers in Florida? Provide a description based on the video and based on the following article: Amazon Air Hub at Lakeland Linder International Airport (Links to an external site.)
2.10. Compare UPS or FedEx Hub-and-Spoke model to Amazon's Shipping System and describe how Amazon can transport packages by air more efficiently than UPS or FedEx, according to the video.
Assignment 1: “What Makes ______ the Best Place to Work and Why?”
Choose one (1) company that you believe would be an ideal company to work for based on working conditions, salary, opportu ...
Assignment 1: “What Makes ______ the Best Place to Work and Why?”
Choose one (1) company that you believe would be an ideal company to work for based on working conditions, salary, opportunity for advancement and work involved. Use the Internet to research.
Write a four to six (4-6) page paper in which you:
1. Evaluate the fundamental driving forces that shape the organizational environment of the selected company. Be sure to address the following: competing in a global marketplace, workforce diversity, ethics and morality, and technological innovation.
2. Examine the selected company’s specific practices or policies. Speculate on the major influences that these practices or policies have on individual and organizational outcomes.
3. Determine which practices related to work attitudes in U.S. organizations are most strongly affected by diversity and suggest a strategy to address the effects.
4. Use at least three (3) quality references. Note: Wikipedia and other Websites do not quality as academic resources.
Your assignment must follow these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA format. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
• Evaluate human behavior in organizations and the forces shaping the behavior.
• Analyze individual differences within organizations and their impact on organizational behavior.
• Use technology to research issues affecting organizational behavior in order to deliver assignments which are clear, concise and have proper writing mechanics.
• Write clearly and concisely about operations management using proper writing mechanics.
Grading Rubic
• 1. Evaluate the fundamental driving forces that shape the organizational environment of the selected company. Be sure to address the following: competing in a global marketplace, workforce diversity, ethics and morality, and technological innovation.
Thoroughly evaluated the fundamental driving forces that shape the organizational environment of the selected company. Thoroughly addressed the following: competing in a global marketplace, workforce diversity, ethics and morality, and technological innovation.
2. Examine the organization’s specific practices or policies and the influence of these practices on individual and organizational outcomes.
Thoroughly examined the organization’s specific practices or policies and the influence of these practices on individual and organizational outcomes.
3. Determine which practices related to work attitudes in U.S. organizations are most strongly affected by diversity and how those effects could be addressed.
Thoroughly determined which practices related to work attitudes in U.S. organizations are most strongly affected by diversity and how those effects could be addressed.
4. References
Exceeds number of required references; all references high quality choices.
5. Clarity, writing mechanics, and formatting requirements
0-2 errors present
JWI 550 Strayer University Management Operations Six Sigma Discussion
Use your work in Part A and Part B of your Course Project, as well as what you have learned so far in this course, to iden ...
JWI 550 Strayer University Management Operations Six Sigma Discussion
Use your work in Part A and Part B of your Course Project, as well as what you have learned so far in this course, to identify a potential Six Sigma project that can benefit the value stream and your organization.1) List and describe potential Six Sigma project(s) that you would propose to senior management, recommend one project, and justify your selection.2) Develop a detailed Project Charter for your recommended project. The project charter must include the following:a. Problem statementb. Goal statement or objectivesc. Project scoped. Critical-to-quality requirements, or CTQs, of the processes within the scope of this projecte. Key metric Y (or key metrics Y)f. Expected operational and financial benefits of the projectg. Milestone dates for each phase of DMAIC (or DMADV)h. Project team (titles of project team leader and members)i. Champion (title of executive or senior manager)Submission Requirements Your work is to be submitted in Word. Total length should be 3-4 pages. Since this is a charter, put some thought into how best to present the material visually. Use the instructor-provided Project Charter Template as a guide. At an absolute minimum, you should include clear headers and sub-headers. You may also want to call out certain elements, like timelines or key milestones, using graphics, tables, or colors to make the charter visually appealing and easy to read.https://cdnapisec.kaltura.com/index.php/extwidget/...
Saint Leo University Incentive Conflict Business Discussion
Part 1. Should be between 300-500 words. Use websites that are based in the United States and use at least 2 references. P ...
Saint Leo University Incentive Conflict Business Discussion
Part 1. Should be between 300-500 words. Use websites that are based in the United States and use at least 2 references. Please use in text citations. Identify an incentive conflict in your firm, or one you have read about, that reduced firm value. As part of your answer, discuss whether or not one or more of the legs of the organizational stool was unbalanced, and if so, how that contributed to the conflict. Part 2(a) For both parts this is the response for discussion post. Use websites that are based in the United States and use at least 2 references. Please use in text citations. Please add on to what was already talked about. Don’t repeat what was basically already said. The federal government employee rewards and incentives system has long been scrutinized. It is common knowledge that firing a federal employee is can be nearly impossible, and at times even puts the supervisor at risk due to union grievances or other such complaints. This organizational architecture has created a system to allows for free riders develop within the firm, creating a marginal cost to the taxpayer much greater than the realized marginal benefit produced by the employee. Secondly, bonuses and rewards offered to top-performing government employees are minimal compared to the private sector, creating an organizational architecture with high levels of decision rights at some positions compared to their much weaker incentives and rewards systems, leaving the organizational stool unbalanced. The chair consists of three legs, assignments of decision rights, the firm's reward system, and the performance evaluation system (Brickley, J.A., Smith, C.W. & Zimmerman, J.L. (2021). In 2017, the federal government only fired 11,046 persons out of the 2.1 million workforce (not including the military). This was 0.5% removal rate with the federal government (York, J.W., 2018). The low removal rate is in part due to the burdensome process of trying to remove a federal employee. Federal employees are not only protected by collective bargaining agreements but also through intensive federal regulation designed to protect the government worker. However, the burdensome process leaves management with the burden of following stringent federal regulations when addressing performance or disciplinary issues with the employee. In addition to burdensome disciplinary procedures, the federal government's awards and incentives system does not create a policy that motivates employees to perform at high levels. A federal employee often seeks. The stereotypical "lazy government worker" exists due to the federal government's organizational architecture. The federal government pay charts consist of several pay bands; however, the General Schedule (GS) pay band is the most common. There are 15 pay grades within the GS system, and each pay grade consists of 10 steps. Each step averages a 3 percent raise, and the raises are automatically based on longevity. Steps 1-4 occur each year, then two years between steps 4-6, and finally three years between steps 7-10 (Office of Personnel Management, N.D.). This creates an incentive system that automatically provides employees the marginal benefit of increased salary based on longevity without increasing the marginal costs of increased or superior performance, fueling the "lazy government worker." It is apparent that the federal government's organizational stool is left unbalanced when realizing the primary pay scale rewards system is not performance-based. REFERENCES Brickley, J.A., Smith, C.W. & Zimmerman, J.L. (2021). Managerial Economics and Organizational Architecture. 7th Ed. McGraw-Hill Education Office of Personnel Management. (n.d.). General Schedule Classification and Pay. https://www.opm.gov/policy-data-oversight/pay-leav... York, John W. (19 July, 2018) The Heritage Foundation. Firing a Bad Federal Employee May Get a Little Easier. https://www.heritage.org/government-regulation/commentary/firing- bad-federal-employee-may-get-little-easier Part 2(b) For both parts this is the response for discussion post. Use websites that are based in the United States and use at least 2 references. Please use in text citations. Please add on to what was already talked about. Don’t repeat what was basically already said. Several years ago, I worked as the accounting manager for a local bank. The bank was located in a rural area, and the majority of the stock was owned by one family. The president of the bank was a member of that family, and he was responsible for the day to day operations of the bank. Incentive conflict is the divergence between what is in the firm’s best interest, specifically profit maximization, and maximization of other’s utility. In this case, one of the causes of conflict was perquisite-taking (Brickley et al., 2021). Perquisites may be described as benefits awarded to certain employees, often executive-level, that are not provided to all other employees (Executive perquisites negotiation, 2021). The president often took extended time off during the year, above and beyond to what he was entitled as a senior leader of the bank. In addition, the bank paid for remodeling of the president’s home, as well as the furnishing of his home office. While it was in the best interest of the bank to appropriately compensate the president, and perquisites are often included in executive compensation, the bank president’s perks were excessive and were in conflict with the firm’s goal of maximizing profit (Veritas Executive Compensation Consultants, 2020). According to Brickley et al., the three legs of the organizational stool are the assignment of decision rights within a firm, the methodology of individual rewards, and evaluation of performance (2021). Ultimate decision rights in the firm very clearly belonged to the president; lower level employees had no authority to challenge his decisions, and the board was seemingly not aware of the impact of the additional expenditures or perks. Appropriate evaluations of performance did not occur, as the board of directors looked to the bank president for bank status. If the bank made money at a sufficient level, the directors were satisfied that all was well. In this example, all three legs of the organizational stool were wobbly. While the bank was profitable, better designed architecture would have maximized profits. References Brickley, J. A., Smith, C. W., & Zimmerman, J. L. (2021). Managerial Economics and organizational architecture (7th ed.). McGraw Hill LLC. Executive perquisites negotiation. Carey & Associates P.C. (2021, September 28). https://capclaw.com/executive-perquisites-negotiation/#:~:text=Executive%20Perquisites%20are%20those%20benefits,provided%20to%20all%20other%20employees Veritas Executive Compensation Consultants. (2020, August 25). What are perquisites and what role do they play in executive compensation packages? Veritas Executive Compensation Consultants. https://veritasecc.com/insights/what-are-perquisites-and-what-role-do-they-play-in-executive-compensation-packages/ Part 3. Should be between 750-100 words. Use websites that are based in the United States and use at least 2 references. Please use in text citations. And be very in depth with this response. eBay operates the world’s largest online auction. It is a multi-billion-dollar business, which in 2018 generated nearly $11 billion in revenue from its operations in about 33 countries. Sellers pay a small fee to eBay to list their items. They provide a description of the item, photographs, the minimum acceptable bid, accepted forms of payment, and other relevant information. Items can be sold at a fixed price or through an auction. In an auction, bidders submit electronic bids over the Internet. After the auction closes (auctions usually last several days), the high bidder received an e-mail. The high bidder must contact the seller within three business days to claim the item and arrange payment and delivery. eBay provides other support services: The Feedback Forum is a place where eBay users leave comments about each other’s buying and selling experiences. If you are a bidder, you can check the seller’s Feedback Profile easily before you place a bid to learn about the other buyers’ experience. If you’re a seller, you can do the same thing to check out buyers. Each participant is given a Feedback Score based on the number of positive and negative ratings they have received. Participants with sufficient positive ratings are flagged by colored stars. The highest rating is the “Red shooting star.” eBay has created a set of policies to guard against “feedback manipulation” and “feedback abuse.”eBay users are encouraged to settle transactions through PayPal. PayPal provides free insurance of up to $2,000 on some items to protect buyers in cases where they do not receive the item, or it was less than expected. Participants sign user agreements that specify the trading rules and expectations. eBay’s safety staff investigates alleged misuses at eBay such as fraud, trading offenses, and illegally listed items. Potential resolutions include such things as banning a person from future trading on eBay. How does eBay create value?What potential contracting problems exist on eBay?How does eBay address these problems?What are the contracting costs at eBay?eBay claims that it has only a small problem with fraud and misuse of the system. Does that imply that it is overinvesting in addressing potential contracting problems? Underinvesting? Explain?
Earn money selling
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