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balandron [24]
1 year ago
8

James was transferred by his company to go work in Hong Kong for six months. His headquarters in Dallas, Texas, assured him that

he would be back home in six months, after he had completed setting up the new office in Hong Kong, and trained his replacement. Though initially reluctant, he spoke to his wife and they together decided that this was a great career opportunity, and would also serve as a second honeymoon, since they had been married for just six months.
Roughly five months into his stay in Hong Kong, James received a request from his boss at the head office, urging him to extend his stay by another six months, since the company had decided to expand their operations in Hong Kong, and they felt that he was most suited for the task. James agreed readily, since he and his wife had begun to make friends there, and did not want to get uprooted too soon. Over the next six months, James worked very diligently, especially since he wanted to make sure he left the operations in very good shape for his replacement. Much to his surprise, at the end of the year, he received another request from HQ to extend his stay by another year. By the end of two years, James was starting to get a little homesick, and irritated at the repeated requests for him to extend his stay. He was really ready to head back, but he had done such a good job in HK, that the Divisional Vice-President flew down to Hong Kong and convinced him to move to Mumbai, India, for another two years. James and Anne had started to enjoy living in Asia, so they agreed somewhat reluctantly, since the move to India also came with a hefty pay increase and numerous benefits.
Fifteen years, five Asian countries, and three kids later, James and Anne decided it was time to head back home – primarily because they wanted their children to experience living in their ‘home’ country. He wrote back to head office requesting a transfer back to Dallas, but all his requests were met with silence, or the cursory ‘we will get back to you.’ On further inquiry, he discovered that all the people involved in his transfer decision had transferred themselves or had left the company. The new people were not sure how to handle James’ request, and so they simply ignored his request, or tried to buy time. As a result, his performance started to suffer, and he began to wonder if he should simply quit and join a competitor in Mumbai or go back home and force the top management team to address his situation.
Case Study Questions
1. In your opinion, how common is James’ situation? How should the company have handled the initial promise to bring him back home after a specified period of time?
2. If James does leave the company and join a competitor, who should be held responsible for the loss of ‘intellectual capital?’
3. If you were James, how would you handle this situation?
Business
1 answer:
kogti [31]1 year ago
6 0

In this case, I would consider the situation that James faces here to be a very common situation between bosses and their employees.

<h3>How the company should have handled the situation</h3>

1. The issue that James faces with the company is a common situation that workers face in the hands of their bosses. They are transferred from place to place and in a bid to keep their jobs, they go without complaints. The company should have been able to keep to its initial agreement with him. But we can see that not properly addressing his concerns would make them lose him. The company should have made open their demands to him in the first place.

2. In this case, the company has to be held responsible if James decides to leave. This is because they have not tried to keep to their word and they have not tried in any way to do things that would pacify James either. His requests are not taken seriously.

3. Due to the fact that I take integrity and words seriously, I would leave the company to a competitor because I would find it difficult to continue working in an environment were I have to give my all and still be unheard.

Read more on management teams here:

brainly.com/question/14069240

#SPJ1

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Suppose that you open a mutual fund account with a deposit of 500 dollars. 5 months later, the fund balance is 600 dollars, and
faust18 [17]

Answer:

The question is not complete, below is the complete question:

Suppose that you open a mutual fund account with a deposit of 500 dollars. 5 months later, the fund balance is 600 dollars, and you withdraw 216 dollars. A year after the account was opened, your balance is X dollars. If the dollar weighted and time weighted rates of return were the same, what is the rate of return? (Assume simple interest for the dollar weighted calculation.) Answer should be a percent!!!

Answer:

The rate of return is 48% on deposited fund.

Explanation:

The rate of return on investment is the percentage increase on an amount invested for a particular period of time, and to calculate this, we will use the simple interest formula:

I = P × R × T

Where:

P = principal = $500

R = rate in decimal ( %rate/100)

T = time = 5 months = 5/12 years

I = interest = Principal - final balance = 600 - 500 = $100

∴ 100 = 500 × R/100 × 5/12

100 = \frac{2500R}{1200}

120,000 = 2500R

∴ R = 120,000 ÷ 2500 = 48%

Therefore rate of return (R) = 48%

For a clearer understanding of the concept of interests, let us calculate for the balance after one year (X) as shown below:

I = P×R×T

T = 1 because, X is the balance after one year.

I = 500 × 48/100 × 1

I = $240

therefore the final amount after one year = interest + principal

= 240 + 500 = 740

but we were told that $216 was withdrawn at 5 months, hence the balance after one year = 740 - 216 = $524

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3 years ago
Provide a comprehensive discussion of information asymmetry in financial intermediation.
Zigmanuir [339]

The introduction of intermediaries helps in minimizing the asymmetric information gap by becoming experts.

<h3>What is information asymmetry?</h3>

Information Asymmetry deals with the study of decisions in transactions where one party has more or better information.

The financial intermediary establishes trust by providing a form of guarantee of investment performance to the buyer of securities and a fair price to the sellers of securities.

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2 years ago
From 1948 to 2003 the United States experienced an average real GDP growth rate of 3.5 percent and Guatemala had an average real
Luda [366]

Answer:

No, we can’t say

Explanation:

In this question, we are asked to decide if we can say that Guatemala’s standard of living grew more than that of the US’ standard of living between the years 1993 and 2003 given the pointers in the question.

We cannot say that this is correct because of the following reasons;

As observed from the question, the US growth rate was calculated between the years 1948-2003, which is indicative of a 55 year span. Now, comparing this with that of Guatemala, we can see that the span here is just 10 years I.e from 1993 to 2003.

Also, we were not provided with the population growth rate in both countries and this makes it difficult to judge which of the two countries have a better growth in terms of standard of living

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Advantages of being able to apply Barnlund’s Transactional Model to their workplace communication.
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The transactional model of correspondence positions both communicators as senders and recipients who encode their own messages and translate others' messages with regards to both communicators' individual and shared encounters. It is an associated demonstrate, and every component exists in connection to the others.
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Harvey Industries, a Wisconsin company, specializes in the assembly of high-pressure washer systems and in the sale of repair pa
noname [10]

Answer:

<em>1. Airplanes. </em>

<em>2. Ice-cream plants. </em>

<em>3. Building maintenance. </em>

<em>4. Engines. </em>

<em>5. Automobiles. </em>

<em>6. Barns.</em>

<em>7. Lift trucks. </em>

<em>8. Swimming pools.</em>

<em>9. Machinery. </em>

Explanation:

In this scenario, Harvey Industries, a Wisconsin company, specializes in the assembly of high-pressure washer systems and in the sale of repair parts for these systems. The products range from small portable high-pressure washers to large industrial installations for snow removal from vehicles stored outdoors during the winter months.

Basically, the high-pressure water cleaning is a process that involves using water running at a very high pressure and sometimes high temperature to remove mold, dirt, dusts, loose paint, snow removal, grime etc from physical objects such as vehicles, equipments, buildings, billboards through the use of a plunger pump.

The typical uses for high-pressure water cleaning include: Airplanes, Ice-cream plants, Building maintenance, Engines, Automobiles, Barns, Lift trucks, Swimming pools, Machinery etc.

The proper application of high-pressure water cleaning helps to reduce environmental degradation, ensure equipments or environment are clean and neat. Also, high and tight places that cannot be easily reached by humans can still be cleaned with the help of a high-pressure water cleaner.

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