¶ … pay good wages I a lot money; I a lot money I pay good wages." (Robert Bosch) Explain quote, means . Using concepts textbook, (Contemporary Management, 7th Ed. Gareth R. Jones & Jennifer M. George) apply explain managerial significance.
Contemporary Management
The quote that Robert Bosch said is "I don't pay good wages because I have a lot of money, I have a lot of money because I pay good wages." What he meant by this is that the salaries he paid his employees were not the result of his wealth, but his wealth was the result of paying good salaries to his employees. In other words, he valued and acknowledged his employees' work.
The success of Robert Bosch and his businesses are relied on his management skills. This refers to innovation, but also to people management skills. Most of Robert Bosch's businesses were innovations, technological advancements. But there are also other ingredients that significantly contributed to his success. Bosch knew how to manage...
he/she will be willing to gamble the money without any thought of saving it for the future. A money earned in gambling is easily consumed in more gambling. Another method where money is obtained is by accepting money as form of allowances. Normally, teenagers or those that are still dependent of the parents receive this form of money. These are the people who are still being taken cared of by
Ford There are a number of reasons why firms might prefer to pay a wage above the point where quantity and supply of labor are balanced. The issue is best understood by remembering that a firm is not the economy overall, so firm outcomes are differentiated from economic outcomes. Furthermore, labor mobility is substantially constrained in this world, certainly much more so than capital, so there is unlikely to be true
Another serious con when it comes to the minimum wage is that raising it stops some people who would have otherwise gone on to further their education (Wellington, 1991). These people do not see the need for more education, because they realize that they can enter the job market and make enough money to survive. That makes them happy, so they are satisfied with what they have. Later, when they
This sentiment is echoed by a lot of supporters of merit pay who believe the way teachers are paid and how much they are paid must differ if districts are to attract a new cohort of teachers" (Drevitch, 2006). Some of the biggest disputes against merit pay have all been disputed previously, in the 1980's. In the 1980's, global rivalry was undermining U.S. businesses and corporations, and in an attempt
Donald Trump Being a Wrecking Ball Could Be the Best Thing to Happen to American Politics A lot of people have a lot of different reasons for supporting Donald Trump as the Republican Presidential nominee in the upcoming 2016 November Presidential election against whomever the prevailing Democratic nominee will be (Bernie Sanders or Hillary Clinton). Some like Trump's stance on trade (Beversdorff). Others like his policy on immigration (Hahn). Still
He says that post-9/11, this policy has become entrenched in national security rhetoric, and also in action. He links this entrenchment of this thought to action taken against al-Qaeda, and (in articles by him, subsequent to his book) also to the attack on Iraq. In short, Naylor's book argues that the system currently in place to deal with "cartels" and the illegal drug trade are wholly inadequate, and are leading
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