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What was your primary learning from the reading below ? Explain.

What is one question that remains as a result of the reading? Explain.

LABOR RELATIONS Relationship between an employer and unionized employees Also known as unionmanagement relations or industrial relations Labor union: Organization of workers banded together to achieve economic goals DEVELOPMENT OF UNIONS IN THE UNITED STATES (1 OF 2) Early union activities Craft unions: Workers in a specific skill, craft, or trade Knights of Labor - Formed by several craft unions joining together American Federation of Labor (AFL) - Had a great impact during World War I and World War II DEVELOPMENT OF UNIONS IN THE UNITED STATES (2 OF 2) Period of rapid union growth Industrial unions: Composed of all the workers in an industry Broke away from the AFL to form the Congress of Industrial Organizations (CIO)

DECLINE OF UNIONS IN THE UNITED STATES Union membership has been steadily declining since 1955 Shift from manufacturing jobs to service work Educated and technologically oriented service workers being less interested in union contracts Pressure on U.S. firms to cut costs Growing emphasis on part-time and temporary workers and telecommuting Growth of small firms and traditional union issues being adopted as

BASIC LAWS GOVERNING LABOR RELATIONS UNFAIR PRACTICES (1 OF 2) Acts management must not commit against the workers and the union Closed shop: Prospective employees must be members of the union before they can be employed Union shop: All employees must join the union within a specified period after starting employment

UNFAIR PRACTICES (2 OF 2) Agency shop: All employees must pay union dues even if they choose not to join the union Maintenance-of-membership clause: Employee must maintain union membership as a condition of employment

RIGHT-TO-WORK LAWS AND EMPLOYEES BILL OF RIGHTS Right-to-work laws: Prohibits union shops in the state and protects employees rights to join or refuse to join a union without being fired Employees bill of rights: Protects employees from possible abuse by unscrupulous managers and union leaders

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How can both market and management factors affect the growth of a new venture? Explain.

Why is it important to start a growth-orientated business with a plan for globalization from the beginning? Explain.

What was your major learning from an Entrepreneurship course and how do you plan to apply it? Explain.