Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 8.4, Problem 2CC
What are the advantages of simulation training?
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What exactly is Simulation Model Development?
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Chapter 8 Solutions
Introduction to Business
Ch. 8.1 - Define human resource management.Ch. 8.1 - Distinguish between job analysis, job description,...Ch. 8.1 - Describe the human resource management process.Ch. 8.2 - What are the two sources of job applicants?Ch. 8.2 - What are some methods firms use to recruit...Ch. 8.2 - What is meant by recruitment branding?Ch. 8.3 - Describe the employee selection process.Ch. 8.3 - What are some of the ways that prospective...Ch. 8.4 - Describe several types of on-the-job training.Ch. 8.4 - What are the advantages of simulation training?
Ch. 8.4 - How is technology impacting off-the-job training?Ch. 8.5 - What are the steps in the performance planning and...Ch. 8.5 - What purposes do performance appraisals serve?Ch. 8.5 - Describe some sources of information for the...Ch. 8.6 - How does a firm establish a pay scale for its...Ch. 8.6 - What is the difference between direct and indirect...Ch. 8.6 - Why are health insurance and benefits so important...Ch. 8.7 - Discuss the modern labor movement.Ch. 8.7 - What are the various topics that may be covered...Ch. 8.7 - Explain the differences among a union shop, agency...Ch. 8.8 - Describe the grievance procedure.Ch. 8.8 - In what ways do arbitrators act like judges?Ch. 8.8 - What are some tactics for pressuring for a...Ch. 8.9 - Discuss the laws that govern wages, pensions, and...Ch. 8.9 - Describe the Americans with Disabilities Act.Ch. 8.9 - How do the Wagner and Taft-Hartley Acts impact...Ch. 8.10 - How can employee diversity give a company a...Ch. 8.10 - Explain the concept of hiring for fit.Ch. 8.10 - Why does the service industry provide an...Ch. 8 - Tracking employee information through global...Ch. 8 - Why is workplace diversity so important in today's...Ch. 8 - What are the major sources of workplace...Ch. 8 - What steps are companies taking to ensure that...
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- Procedure The assignment can be completed with the assistance of "Managing for Success" (Page 32-35 of simulation manual). Create a table in a Word file with space for 5 items under each category: strengths, weaknesses, opportunities and threats. Keep in mind strengths and weaknesses are internal to your company and opportunities and threats are external. Also note the rubric only requires 3 items under each category. Five would be great but 3 is sufficient for a good grade.arrow_forwardState and explain the various advantages of simulation a firm can get ?arrow_forwardWhat are the six applications of simulation in business?arrow_forward
- Situation: You are the operations manager of a factory near the town where you live. The senior management of the plant summons you to a meeting to discuss a plan to reduce the workforce of the plant that you lead. The company could lose its competitive advantage if it does not take immediate steps to improve its results. Recently, an investment was made to automate the production lines and the owners understand that they can do without 1,000 employees (a quarter of your workforce). The owners ask you to work on a communication plan that covers the following aspects: Notify employees that they will be laid off.Retain employees who stay and don't scare them off.Avoid creating a false impression for customers that the company is in poor financial condition and that they withdraw their sponsorship.Prevent shareholders and stakeholders from misinterpreting this decision and continuing to invest in the company.Make press releases at the right time. You do not want information leaked to the…arrow_forwardDetermine the seven steps to take in order to explore the problem using simulation.arrow_forwardState and explain various disadvantages of simulation a firm gets ?arrow_forward
- System and network risk classifications? Real-life dangers?arrow_forwardWhich of the following best defines risk management? * A physical feature or operational attribute that renders an entity, asset, system, network, or geographic area open to exploitation or susceptible to a given hazard. The management of the consequence of something happening, described in either quantitative terms of probability or frequency. The potential for an unwanted outcome resulting from an incident, event, or occurrence, as determined by its likelihood and the associated consequences. A process of identifying the potential for an unwanted outcome, determining what to do about it from among the available alternatives, and then doing it.arrow_forwardDiscrete event simulation seems intriguing; could you provide some case studies?arrow_forward
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