331 Classic Managment, See Below Essay Example | Topics and Well Written Essays - 250 words

331 Classic Managment, See Below - Essay Example anizational theory applies well in the formation of timetables in learning institutions like universities or the formation of tentative course outline by lecturers on the covering of their courses within assigned semester sessions. For universities, or other learning institutions, the students have a lesson that has to be attended by only one lecturer. The same lecturer should not have a lesson with other students at the that time since this means that only one class will be attended. The university time table has also to ensure that all available venues are in use by distinct classes at a time to avoid incidents of students forfeiting their venues for others. For course lecturers, the concept to be covered within each semester have to be distributed within the given sessions to ensure that all content is covered and students assessed at the end. From the departmental level, all lecturers have to submit their tentative course schedules for attendance monitoring. When utilizing the pr oductivity of lecturers and optimum learning of students, classical management is remains the best solution (Griffin and Moorhead 536). Classical organization theory and scientific management theory are relevant today in the organization and management of labor intensive industries like services and manufacturing sectors (Griffin and Moorhead 536). The basic principles of management on time and motion provide a crucial management tool that is used to avoid promotion of dehumanized working conditions but as Griffin and Moorhead put it, promote identification of new ways of improving and enhancing worker’s productivity

Analysis the case Assignment Example | Topics and Well Written Essays - 1000 words

Analysis the case - Assignment Example The costs of changing the mentioned methods are cheap. Therefore, companies continually strive to implement new strategies to improve the quality and affordability their products in order to attract and maintain customers. Consequently, the competition is very high in the industry. New entrants – the entrance rate of new players in the industry is low due to the following facts: the existing companies have established, the capital requirement is very high, the cost of setting up an efficient distribution chain is high, the cost of promotion is high, and the high cost of building a solid relationship with the suppliers. As a result, the mentioned high prices scare away the potential entrants. Substitute products – the technological advancements provide a platform for the development of substitute products that pose threats to the movie rental industry. There are several alternatives to movies-renting such as viewing of movies in theaters, watching movies on the television, internet based movie watching and others. Therefore, companies in the industry must carefully implement competitive pricing strategies in order to counter the threat. Bargaining power of suppliers - the movie suppliers are many in the industry making the supply level of the movies high. Though suppliers have control of the quality of the products, their influence in the market concerning product prices is medium (supply is high). Bargaining power of customers – the high sensitive nature of the customers to the product prices increases their influence to the products prices. In addition, since there are more efficient methods of viewing movies (substitute products), and that the switching cost is insignificant, price variations cause a massive customer migration. For instance, after Netflix separated the unlimited DVD and unlimited streaming, which saw the prices rise from $ 9.99 to $ 15.98 per month. Consequently, around 600,000 customers revoked their subscriptions. That indicates