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Aneli [31]
4 years ago
15

Imagine you own a home improvement business that is trying to keep up with increased demand and is rapidly growing. You need to

hire several new employees in key roles, including finance and human resources. You want to make sure you get the hire right the first time. Explain whether you will use an unstructured or a structured interview approach in hiring your workers. Explain your rationale and the expected effect on your business. What concerns do you have about the process
Business
2 answers:
Leno4ka [110]4 years ago
8 0

Answer:

I will combine both methods given that they have their advantages and disadvantages.            

Explanation:

When an interviewer prepares a particular set of predetermined questions in advance, this is referred to as Structured Interview.

Unstructured Interview on the other hand refers to an interview in which the questions to be asked to the respondents are not set in advance.

Using the structural technique helps the interviewer to save time, look professional and enables him or her do a thorough assessment. It is not unlikely however that as the prospects give answers to the predetermined question, that other grey areas requiring more clarity or information may arise.

When this happens, unrehearsed questions would have to be administered.

A combination of both techniques therefore will increase the likelihood of getting the best candidate for the roles at first try.

What this means for the business is that

  • it reduces the Time Taken To Fill the roles
  • because time take to fill is reduced, the company can close up the gap in the human capital value addition process thus increasing it's net value
  • the business will experience quicker take off of it's expansion strategies.

Cheers!

katrin2010 [14]4 years ago
5 0

Answer: Find the explanation below.

Explanation:

I would use an Unstructured Interview to hire my new employees. This is a less rigid form of interview that allows the interviewer to gain a deeper knowledge of a prospective employer.

My rationale and the expected effect on my business:

Unlike the structured interview, it deals with open-ended questions that are highly flexible. I would have the opportunity to truly understand my potential employees and see if they have the qualities I seek for my business growth. For my business, I need smart, honest, articulate individuals who can easily adapt and show understanding of situations. I would present different work scenarios and ask about their reactions to them. This would help me understand their personalities.

My concern about this interview approach is that it may take a lot of time to probe my candidates so as to determine their honest opinions on my questions.

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Answer:

P = 70, Ed = ∞ , Firm = Price Taker , Free Entry & Exit

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Explanation:

Perfect Competition is a market form with : many number of buyers & sellers, selling homogeneous goods at uniform prices, while firms & consumers having perfect information & no selling costs.

In this market : Price = Marginal Cost , as taken by all firms from the industry & so demand curve is horizontal parallel to x axis - denoting perfectly elastic demand i.e infinite sale at prevailing price.

As market's all sellers goods are homogeneous & all have perfect information about it, no selling costs are required. Free Entry & Exit in industry also imply that Industry's profits are confined to 'Normal Profits' (No Supernormal profit / abnormal loss) in long run.

So, Smith's report would include all the above mentioned remarks.

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3 years ago
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Answer:

The correct answer is d. innovation.

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