Management (14th Edition)
Management (14th Edition)
14th Edition
ISBN: 9780134527604
Author: Stephen P. Robbins, Mary A. Coulter
Publisher: PEARSON
Question
Book Icon
Chapter P5, Problem 10DQ
Summary Introduction

To explain:

Whether spending more money to put people first is considered as smart money.

Introduction:

Mr. JD was the CEO of the company S. According to him, spending more money on employees refers to smart money. This statement best fits for every organization because organizations should always help their employees in their bad situations. From the statement, it has been concluded that spending money on employees' welfare will always incur profit for the company.

Blurred answer
Students have asked these similar questions
Similar to insurance companies, financial institutions such as banks view risk management as critical to the success and viability of their business and have therefore adopted strategies to manage the risks they are exposed to.  Explain 5 operational risks and give two examples of such risks faced by management at financial institutions. explain the importance of establishing an effective risk management policy at financial institutions to manage operational risks, giving one example of a risk management strategy used by financial institutions to mitigate such risks. Discuss the role of the Core Principles of Effective Bank Supervision as it relates to operational risks, in the effective management of financial institutions?
If a article discusses Dyson’s decision to terminate its business relationship with Malaysian supplier ATA IMS Berhad due to concerns over labor practices. Key points include: 1. Termination of Contracts – Dyson, which contributed nearly 80% of ATA’s revenue, ended all three contracts (tooling, goods & services, and contract manufacturing) after an audit revealed labor violations. ATA’s stock value dropped significantly following the news. 2. Labor Violations & Investigations – Allegations included excessive overtime, debt bondage through recruitment fees, forced labor, and mistreatment of workers, including reports of a former worker being taken to the police station and beaten. U.S. authorities were also investigating ATA, reflecting broader concerns over forced labor in Malaysia. 3. Impact & Reactions – The termination affects thousands of workers, most of whom are migrant laborers. Activists called for Dyson to take responsibility for worker remediation. The…
Similar to insurance companies, financial institutions such as banks view risk management as critical to the success and viability of their business and have therefore adopted strategies to manage the risks they are exposed to.  Explain 5 operational risks and give two examples of such risks faced by management at financial institutions. Discuss the importance of establishing an effective risk management policy at financial institutions to manage operational risks, giving one example of a risk management strategy used by financial institutions to mitigate such risks. What is the role of the Core Principles of Effective Bank Supervision as it relates to operational risks, in the effective management of financial institutions? Give explanation
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Text book image
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L
Text book image
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning
Text book image
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing