You Have Been Hired to Replace a Very Unpopular Manager

question 139

Essay

You have been hired to replace a very unpopular manager of a marketing department.Department members were especially vocal about how unfair the previous manager was in conducting performance appraisals and allocating merit bonuses.What are some key considerations or actions you might take to create a more fair environment?

Comprehend the central role of self-esteem in human relations and its effects.

Explain the principles and importance of Total Quality Management (TQM) in modern organizations.

Recognize Frederick Taylor's contributions to the field of management, specifically his development of scientific management and the optimum shovel.

Analyze how Taylor's principles of scientific management were applied to increase productivity, with a focus on the case of the optimum shovel.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses from revenues, including taxes and interest, showcasing the company's financial performance over a specific period.

Operating Expenses

Expenses related to the day-to-day functions of a business outside of cost of goods sold.

Gross Profit

Gross Profit is the financial metric representing the difference between revenue and the cost of goods sold (COGS), before deducting overheads, payroll, taxation, and interest payments.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made on a periodic basis, rather than continuously, often at the end of an accounting period.