International Human Resource Management A Multinational Company Perspective 1st Edition Monir Tayeb - Solutions

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3. What is the role of HR in your current organization? What could it be? What should it be? Why does HR assume the role that it does?
2. What are the main barriers that prevent an organization from taking a more strategic approach to HR? Why do they exist, and how can they be overcome?
1. Compare and contrast traditional and strategic HR. In what types of organiza¬ tions might traditional HR still be appropriate?
1. Select a particular industry (i.e., pharmaceuticals, shipping, auto, or manufactur¬ ing) and identify at least three major competitors in that industry. Visit their Web sites and identify key strategic issues within the industry as well as key strategic issues for the individual firms.
2. Apply the I/O and RBV models of planning to your college or university. What are the key factors in the environment that impact the school’s performance? What are its key resources, and how can they best be deployed?
1. Obtain a copy of a publicly held organization’s most recent annual report. To what is its performance for the past year attributed? What strategy does it seem to be following and how integrated with this strategy do the operating units appear to be?
8.Examine the process by which Grand Union transformed its business. Do you feel that McDonald’s could utilize such a process? Should McDonald’s utilize such a process? Why or why not?
7.Examine each of the pairs of organizations the authors discuss. Determine whether their strategies are based on 1/O or RBV assumptions. What does this imply about strategic planning in general?
6.Trace the development of strategic human resource management from tire resource-based view of the firm. How does the resource-based view of the firm facilitate and inhibit the actual practice of strategic human resource management?
5. Examine your current organization’s process of strategic management. How effective is this process relative to the organization’s performance? What factors contribute to its effectiveness or ineffectiveness?
4. Critique the model presented in Exhibit 3-1. What benefits can be gained from this process? What shortcomings exist within the model?
3. Identify the HR challenges associated with each of the three major business unit strategies.
2. Identify the HR challenges associated with each of the three major corporate strategies.
1. Compare and contrast the premises and assumptions of the industrial organiza¬ tion and resource-based models of strategic planning. What benefits does each model offer that aid in strategic planning?
1. Visit the Web site of the United States Bureau of Labor Statistics (http:// www.bls.gov). What trends do you see taking place in the data presented? What information at the site is most useful for organizations in assessing workforce trends?
1. In small groups, identify and discuss the significant trends related to technology, ethics, and diversity that impact your college, university, or employer. What chal¬ lenges do these trends present? What initiatives have been established thus far to meet these challenges?
9. Identify different employee groups and discuss the ways each might seek to gain satisfaction from their employment. What particular challenges does this pre¬ sent for human resource management?
8. What specific policies would you recommend that an organization implement in-line with the Sarbanes-Oxley Act of 2002? What areas of the law might be ambiguous and could present challenges to organizations as they try to develop compliance guidelines?
7. Select an industry outside of the travel industry and apply Sabre s model for managing virtual teams to an organization in this industry. What aspects of Sabre’s program are generic to all industries? What other kinds of challenges in managing virtual teams manifest themselves in other
6. How will HR be impacted by these changes? How can HR help organizations become more effective in meeting the challenges these changes present?
5. Predict workplace changes that you believe might take place within the next ten years. What challenges will these changes present to organizations?
4. Predict societal changes that you believe might take place within the next ten years. What challenges will these changes present to organizations?
3. How well do you feel HR as a profession responds to these trends?
2. What are the most important workplace trends affecting HR today?
1. What are the most important societal trends affecting HR today?
1. Repeat the previous exercise for a small, privately held technology company. Do these new e-commerce businesses take a similar approach in how they per¬ ceive their human assets? Does this approach differ from those of the Fortune 500 companies?
2. Arrange yourselves in small groups of four or five students and compare and contrast the similarities and differences among the organizations you investi¬ gated. Can you isolate any factors that appear to influence how an organization perceives the value of its employees?
1. Obtain the annual report for a Fortune 500 company of your choice. Review the material presented and the language used in the text. Write a one-page memo that assesses how investment oriented the organization appears to be toward its human assets.
9.Consider your current or most recent employer. Describe how investment ori¬ ented its approach to managing human resources appears to be by applying the “thirteen principles for managing people” presented in this article. Where does this organization invest the majority of its resources? Do
8.Investigate at least two pieces of HR-related research that have recently been published in academic journals. If the authors have not already done so, determine the specific implications of this research for human resource practice and then determine how these implications might be best
7.List all of the various expenses and costs generally associated with employing workers. For each of these costs, devise strategies to leverage this expenditure into some kind of return on investment. How might you attempt to sell senior management to adopt these strategies for investing in human
6. What challenges exist relative to valuation of human assets and measuring human capital?
5. Why can some organizations that fail to invest heavily in human assets still be financially successful? Why can some organizations that do invest heavily in human assets still be financially unsuccessful?
4. Why is a competitive advantage based on a heavy investment in human assets more sustainable than investments in other types of assets?
3. What can HR do to make senior and line managers take more of an investment approach to human assets?
2. Why do line managers often fail to realize the value of human assets vis-a-vis other assets?
1. Why do senior managers often fail to realize the value of human assets vis-a-vis other assets?
15.3 Whereas elasticity of demand was 1 at a price of $10 on the original demand curve, it is 2 on the new demand curve. As a result, the $10 fee now excludes 20 million viewers, and the resulting loss in surplus (again the area of the blue triangle) is now $100 million.
15.2 To construct the demand curve (a), we first graph Bill’s demand curve (c) and Tom’s demand curve (b) and then add the two individual demand curves vertically. The equation for the demand curve is P 18 1.5Q. LO2
15.1a. The BLS Web site at 3 in the morning has the capacity to serve far more users than it attracts, so an additional user calling up the site does not prevent some other user from doing so. Other Web sites, however, do not show the nonrival property, at least during certain hours, because they
5. Discuss the criteria that should be applied to taxation in order to promote efficiency.
4. Analyze the types of efficiencies and inefficiencies that are associated with the provision of public goods.
3. Describe the ways in which private firms can supply public goods.
2. Show how economic concepts can be used to find the optimal quantity of a public good.
1. Use the concepts of rivalry and excludability to distinguish among private goods, public goods, collective goods, and commons goods.
10. The town of Smallsville is considering building a museum. The interest on the money Smallsville will have to borrow to build the museum will be $1,000 per year. Each citizen’s marginal benefit from the museum is shown in the following table, and this marginal benefit schedule is public
9. When a group of people must decide whether to buy a shared public good or service, the free-rider problem frequently occurs because LO4a. People have an incentive to understate how much the facility is really worth to them if they have to pay taxes to finance it.b. Each individual’s needed
8. When a TV company chooses a pay-per-view scheme to pay for programming, which of the following statements is true? Explain. LO2, LO3a. The outcome is socially efficient.b. The programs selected will maximize advertising revenue.c. The marginal cost to an additional viewer of watching the
7. Refer to problem 6. By how much would total economic surplus be higher if each episode of Masterpiece Theater were shown on PBS free of charge than if it were shown by a profit-maximizing pay-per-view network? LO2
6. Suppose the demand curves for hour-long episodes of the Jerry Springer Show and Masterpiece Theater are as shown in the following diagram. A television network is considering whether to add one or both programs to its upcoming fall lineup. The only two time slots remaining are sponsored by
number of hours of opera broadcast each Saturday. LO2a. If Smith and Jones are the only public radio listeners in Podunk, construct the demand curve for opera broadcasts.b. If the marginal cost of opera broadcasts is $15 per hour, what is the socially optimal number of hours of broadcast opera?
5. Two consumers, Smith and Jones, have the following demand curves for Podunk Public Radio broadcasts of recorded opera on Saturdays: Smith: PS 12 Q Jones: PJ 12 2Q, where PS and PJ represent marginal willingness-to-pay values for Smith and Jones, respectively, and Q represents the
4. Refer to problem 3. Suppose now that all such monopolies can perfectly pricediscriminate. LO2, LO5a. Will the franchise be sold, and if so, how much will it sell for? Is this outcome socially efficient? Explain.b. The town council decides that, rather than auction off the franchise, it will
3. The following table shows all the marginal benefits for each voter in a small town whose town council is considering a new swimming pool with capacity for at least three citizens. The cost of the pool would be $18 per week and would not depend on the number of people who actually used it.a. If
2. Refer to problem 1. Suppose Jack earns $1,000 per month and Jill earns $11,000 per month. LO2, LO5a. Suggest a proportional tax on income that would be accepted by majority vote and would pay for the security guard.b. Suppose instead that Jack proposes a tax scheme under which Jack and Jill
1. Jack and Jill are the only two residents in a neighborhood, and they would like to hire a security guard. The value of a security guard is $50 per month to Jack and $150 per month to Jill. Irrespective of who pays the guard, the guard will protect the entire neighborhood. LO2, LO5a. What is the
5. Consider a good that would be provided efficiently by private market forces. Why is the direct loss in surplus that would result from a tax on this good an overstatement of the loss in surplus caused by the tax? LO2, LO5
4. True or false: A tax on an activity that generates negative externalities will improve resource allocation in the private sector and also generate revenue that could be used to pay for useful public goods. Explain. LO2, LO5
3. Why might even a wealthy person prefer a proportional income tax to a head tax? LO2
2. Give examples of goods that are, for the most part: LO1a. Rival but nonexcludableb. Nonrival but excludablec. Both nonrival and nonexcludable
1.a. Which of the following goods are nonrival? LO1 Apples Stephen King novels Street lighting on campus NPR radio broadcastsb. Which of these goods are nonexcludable?
5. Discuss the criteria that should be applied to taxation in order to promote efficiency
4. Analyze the types of efficiencies and inefficiencies that are associated with the provision of public goods.
2. Show how economic concepts can be used to find the optimal quantity of a public good. 3. Describe the ways in which private firms can supply public goods.
1. Use the concepts of rivalry and excludability to distinguish among private goods, public goods, collective goods, and commons goods.
14.4 The payoff matrix would now be as shown below, and the best choice, both individually and collectively, would be the risky job.
14.3 With a tax of $61 per ton each day, Sludge Oil would adopt process A and Northwest Lumber would adopt process C.
14.2 The optimal stay is still one day. If insurance reimburses $150 per day, then the marginal charge seen by David will be the remaining $150 per day, so he will stay two days. The cost to society of the additional day is $300 and the benefit to David of the extra day is only $225 (the area of
14.1 With 50 percent coverage, David would have to pay $150 for each additional day in the hospital, so he would choose to stay for two days.
10. Refer to problem 9. If Tom and Al could negotiate binding agreements with one another at no cost, which job would each choose? Suppose negotiation is impractical, and that the only way Tom and Al can achieve greater workplace safety is for the government to adopt safety regulations. If
9. Tom and Al are the only two members of a household. Each gets satisfaction from three things: his income, his safety at work, and his income relative to his roommate’s income. Suppose Tom and Al must each choose between two jobs: a safe job that pays $100 per week and a risky job that pays
8. Refer to problem 7. Instead of taxing pollution, the city council decides to auction off four permits, each of which entitles the bearer to emit 1 ton of smoke per day. No smoke may be emitted without a permit. Suppose the government conducts the auction by starting at $1 and asking how many
7. The City Council in the previous problem again wants to curb emissions by half. This time, it sets a tax of $T per day on each ton of smoke emitted. How large will T have to be to effect the desired reduction? What is the total cost to society of this policy? LO2
LO1 6. Two firms, Sludge Oil and Northwest Lumber, have access to five production processes, each one of which has a different cost and gives off a different amount of pollution. The daily costs of the processes and the corresponding number of tons of smoke emitted are as shown in the following
5. Refer to problem 4. How would the change in total economic surplus be affected if the law instead required health insurance to pay only $500 per procedure?
4. In Los Angeles, the demand for Botox injections (a procedure that removes wrinkles and smoothes the skin) is as shown in the diagram. The marginal cost of a Botox injection is $1,000 and the procedure is not currently covered by health insurance. By how much will total economic surplus change if
3. Refer to problems 1 and 2. Suppose David’s employer adopts a new health care plan that pays 50 percent of all medical expenses up to $1,000 per illness, with full coverage thereafter. How will economic surplus under this plan compare with economic surplus with the policy in problem 2? LO1
2. Refer to problem 1. By how much would total economic surplus have been higher this year if David’s hospital insurance covered only the cost of hospital stays that exceed $1,000 per illness? LO1
1. In the event he requires an appendectomy, David’s demand for hospital accommodations is as shown in the diagram. David’s current insurance policy fully covers the cost of hospital stays. The marginal cost of providing a hospital room is $150 per day. If David’s only illness this year
5. Does it make sense for the Federal Aviation Administration to require more sophisticated and expensive safety equipment in large commercial passenger jets than in small private planes? LO4
4. How would you explain to a skeptical bank manager why the socially optimal number of bank robberies is not zero? LO4
3. Why is first-dollar health care coverage inefficient? LO1
2. Why do economists believe that pollution taxes and effluent permits are a more efficient way to curb pollution than laws mandating across-the-board cutbacks? LO2
1. Why is vaccination against many childhood illnesses a legal requirement for entry into public schools? LO4
4. Show how economic analysis contributes to debates regarding public health and domestic security spending.
3. Apply the cost-benefit principle to improve workplace safety.
2. Compare and contrast the ways in which taxes and tradable permits can be used to reduce pollution.
1. Use economic analysis to show how the U.S. health care system can be improved.
13.5 With perfectly inelastic demand, employment would remain at 5,000 personhours per day, so the minimum wage would cause no reduction in economic surplus. LO5
13.4 Since Sue’s reservation wage is $10 per hour, she must be paid at least that amount before she will accept the job. The largest dorm population for which she will accept is thus 10 residents, since her share in that case would be exactly $10 per hour. LO4
13.3 When the wage rate is $9 per hour in each market, 25 fewer workers will be employed in the nonunionized market and 25 more in the unionized market. The loss in output from removing 25 workers from the nonunionized market is the sum of the VMPs of those workers, which is the shaded area in the
13.2 Since the VMP of each worker exceeds $275, Adirondack should hire five workers. LO1, LO2
13.1 At a price of $26 per cutting board, the fifth worker has a VMP of $364 per week, so Adirondack should hire five workers. LO1, LO2
10.*Suppose employers and workers are risk-neutral, and Congress is about to enact the $12 per hour minimum wage described in problem 8. Congressional staff economists have urged legislators to consider adopting an earned-income tax credit instead. Suppose neither workers nor employers would
9.*Refer to problem 8. How much would it cost the government each day to provide an earned-income tax credit under which workers as a group receive the same economic surplus as they do under the $12 per hour minimum wage? (Assume for simplicity that the earned-income tax credit has no effect on
8.*Suppose the demand and supply curves for unskilled labor in the Corvallis labor market are as shown in the accompanying figure. By how much will the imposition of a minimum wage at $12 per hour reduce total economic surplus? Calculate the amounts by which employer surplus and worker surplus
7. Sue is offered a job reshelving books in the University of Montana library from noon until 1 p.m. each Friday. Her reservation wage for this task is $10 per hour. LO4a. If the library director offers Sue $100 per hour, how much economic surplus will she enjoy as a result of accepting the job?b.
6. Jones, who is currently unemployed, is a participant in three means-tested welfare programs: food stamps, rent stamps, and day care stamps. Each program grants him $150 per month in stamps, which can be used like cash to purchase the good or service they cover. LO5a. If benefits in each program
5. Suppose the equilibrium wage for unskilled workers in New Jersey is $7 per hour. How will the wages and employment of unskilled workers in New Jersey change if the state legislature raises the minimum wage from $5.15 per hour to $6 per hour? LO5
4. Carolyn owns a soda factory and hires workers in a competitive labor market to bottle the soda. Her company’s weekly output of bottled soda varies with the number of workers hired, as shown in the following table:a. If each case sells for $10 more than the cost of the materials used in

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International Human Resource Management A Multinational Company Perspective 1st Edition Monir Tayeb - Solutions

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