Human Resource Management Practices

Imagine trying to run a business where you have to replace every employee two or three times a year. If that sounds chaotic, you can sympathize with the challenge facing Rob Cecere when he took the job of regional manager for a group of eight Domino’s Pizza stores in New Jersey. In Cecere’s region, store managers were quitting after a few months on the job. The lack of consistent leadership at the store level contributed to employee turnover rates...

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What is Operation Management?

Operations management refers to the systematic design, direction, and control of processes that transform inputs into services and products for internal, as well as external customers. It deals with managing those fundamental activities and processes that organizations use to produce goods and services that people use every day. A process is any activity or group of activities that takes one or more inputs, transforms them, and provides one...

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Company Orientation Toward the Marketplace

Given these new marketing realities, what philosophy should guide a company’s marketing efforts? Increasingly, marketers operate consistent with the holistic marketing concept. Let’s first review the evolution of earlier marketing ideas. The Production Concept This concept is one of the oldest in business. It holds that consumers prefer products that are widely available and inexpensive. Managers of production-oriented businesses concentrate...

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Tax Shield

Tax Shield "A reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, charitable donations, amortization and depreciation. These deductions reduce taxpayers' taxable income for a given year or defer income taxes into future years. Tax shields vary from country to country, and their benefits will depend on the taxpayer's overall tax rate and cash flows...

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