MGM101H5 Lecture Notes - Lecture 8: Lincoln Electric, Reverse Discrimination, Secret Ballot

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Dave Swanston

Document Summary

Article #1: sea(cid:396)s li(cid:395)uidation puts p(cid:396)essu(cid:396)e on feds to p(cid:396)otect wo(cid:396)ke(cid:396)s" pensions: because sears is getti(cid:374)g (cid:271)a(cid:374)krupt, the(cid:455)"re taki(cid:374)g e(cid:448)er(cid:455)thi(cid:374)g that the (cid:272)o(cid:373)pa(cid:374)(cid:455) o(cid:449)(cid:374)s a(cid:374)d selli(cid:374)g it. The(cid:374) the(cid:455)"re taki(cid:374)g that (cid:373)o(cid:374)e(cid:455) a(cid:374)d pa(cid:455)i(cid:374)g (cid:271)a(cid:272)k the de(cid:271)t: problem: not everyone is going to get paid, and not the full amount. Everyone will lose: equity shareholders get paid last, secured predators get paid first, people who failed to make decisions are making bonuses whereas the people that are a(cid:272)tuall(cid:455) (cid:449)orki(cid:374)g to(cid:449)ards this are(cid:374)"t getti(cid:374)g their fair share. How much of them will be labor intensive vs capital intensive. Why do we study: managing resources is a huge part of job. To make decisions, how to allocate the scarce resources. One of these resources are humans: human resources are one of the most important organizational assets, managers accomplish goals and get things done through people, e(cid:454).