LDC IP4
Not what you're looking for?
Imagine your manager believes in learning from other companies' success stories as well as stories of failure. In particular, she likes to apply various management theories when possible, rather than starting from the beginning every time a decision has to be made. She asks you to write a memo to her addressing the following:
From any recent or current event in the news, discuss and explain the use of these two specific theories that the firms you researched believed in
* In the human resource area, moving toward an employee empowerment culture
* In the marketing area, the theory of penetration pricing
For each of these two, explain the following:
* The issue being addressed that gave rise to employing these theories
* How the theory being followed leads to specific actions on the part of the company
* Results achieved
* If you had been the senior manager in these situations, at those companies, how might you have addressed the situation any differently? What other theory could have been the basis for the decision.
386 words
Purchase this Solution
Solution Summary
This solution gives you a detailed discussion on LDC IP4
Solution Preview
Imagine your manager believes in learning from other companies' success stories as well as stories of failure. In particular, she likes to apply various management theories when possible, rather than starting from the beginning every time a decision has to be made. She asks you to write a memo to her addressing the following:
From any recent or current event in the news, discuss and explain the use of these two specific theories that the firms you researched believed in
* In the human resource area, moving toward an employee empowerment culture
The company that we have selected is Life Healthcare Group Holdings limited. The group has achieved robust results and has attributed its success to employee empowerment. The company has made an IPO listing.
* The issue being addressed that gave rise to employing these theories
The issue being addressed is the strong results of the company namely its revenues, operating profit, normalized earnings and cash generated from operations have all increased. Among other things the firm attributes its success to empowerment.
* How the theory being followed leads to specific actions on the part of the company
The theory of empowerment is the process by which individuals and groups gain power, access to resources and control over ...
Purchase this Solution
Free BrainMass Quizzes
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Learning Lean
This quiz will help you understand the basic concepts of Lean.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.