Tài liệu Khối Ngành Kinh Tế

Defined (by extension of Lazear & Gibbs) as an intra-firm entrepreneur This is an extension of the entrepreneur’s problem in that it goes beyond ownership Call for use of market principles within the firm’s policies Also calls for firm to act as a customer of knowledge for competitive advantage Suggested approach – think BIG, take SMALL, concre...

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Transformational leadership (p. 330) Creating and communicating a higher-level vision in a charismatic way that elicits an emotional response and commitment from the followers Empowering leadership Emphasizes employee self-influence processes rather than hierarchical control processes Actively encourages followers to take ownership of their own...

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EXAMPLE worker’s age = 58 service = 30 yrs so far retire @ 65 (7 more years) current salary = $80,000 What is the worker’s defined benefit? X% per year x final salary (X = years of service @ retirement) E.g., : 2% x 37 x $80,000 = $59,200

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Assumptions Firms set outputs (quantities)* Homogeneous Products Simultaneous Non-cooperative *Definition: In a Cournot game, each firm sets its output (quantity) taking as given the output level of its competitor(s), so as to maximize profits. Price adjusts according to demand. Residual Demand: Firm i's guess about its rival's output d...

65 trang | Chia sẻ: huyhoang44 | Ngày: 21/03/2020 | Lượt xem: 576 | Lượt tải: 0

Economics Point of View Regarding Options Options are a leveraged investment compared to owning a stock A firm can grant options more cheaply than shares of stock Normal risk adjustment by employee still makes stock options non-optimal Only advisable for individuals who can boost outcomes and adjust risk Options are appropriately used as exec...

39 trang | Chia sẻ: huyhoang44 | Ngày: 21/03/2020 | Lượt xem: 553 | Lượt tải: 0

Different types of teams (cont.) Management team – functional or cross-functional working group of managers formed to plan, organize, lead, and control organizational performance (p. 305) Self-directed team – operates without hierarchical management supervision Defined by specific outcomes and timetables Problem-solving team – working group for...

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Definition: A policy of first degree (or perfect) price discrimination prices each unit sold at the consumer's maximum willingness to pay. This willingness to pay is directly observable by the monopolist. Definition: A policy of second degree price discrimination allows the monopolist to offer consumers a quantity discount. Definition: A policy o...

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MR>MC, firm can increase Q and increase profit MR

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These data are evidence of what is often the most important source of incentives: promotions Why are promotions so important to incentives? work well with specialization & functional org. structures problem: what if the best candidate to promote is not the best performer? e.g., an engineering job ladder In many cases, they are an “Accidental I...

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Making the human side of management strategic Talent management – strategic deliberate approach to attracting new highly skilled workers and developing the abilities of existing employees to meet current and future organizational objectives (p. 277) Human capital – employee skills and experience gained by education and training that increase the ...

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