Integrated Waveguide Technologies (IWT) is a 6-year-old company founded by Hunt Jackson and David Smithfield to exploit metamaterial plasmonic technology to develop and manufacture miniature microwave frequency directional transmitters and receivers for use in mobile Internet and communications applications. IWT’s technology, although highly advanced, is relatively inexpensive to implement, and its patented manufacturing techniques require little capital as compared to many electronics fabrication ventures. Because of the low capital requirement, Jackson and Smithfield have been able to avoid issuing new stock and thus own all of the shares. Because of the explosion in demand for its mobile Internet applications, IWT must now access outside equity capital to fund its growth, and Jackson and Smithfield have decided to take the company public. Until now, Jackson and Smithfield have paid themselves reasonable salaries but routinely reinvested all after-tax earnings in the firm, so dividend policy has not been an issue. However, before talking with potential outside investors, they must decide on a dividend policy.Your new boss at the consulting firm Flick and Associates, which has been retained to help IWT prepare for its public offering, has asked you to make a presentation to Jackson and Smithfield in which you review the theory of dividend policy and discuss the following issues.What is meant by the term “distribution policy”? How has the mix of dividend payouts and stock repurchases changed over time?The terms “irrelevance,” “dividend preference” (or “bird-in-the-hand”), and “tax effect” have been used to describe three major theories regarding the way dividend payouts affect a firm’s value. Explain these terms, and briefly describe each theory.What do the three theories indicate regarding the actions management should take with respect to dividend payouts?What results have empirical studies of the dividend theories produced? How does all this affect what we can tell managers about dividend payouts?Use at least one reference. A

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