nun noch eine kleine zwischenfrage von mir: wie lange/bis wann dürfen wir denn posten bzw. ist es dir möglich unsere übungen zu korrigieren?
Ich stelle gleich eine neue Frage rein und am Samstag noch eine. Ich habe mir bezüglich Korrekturen täglich zwei Stunden freigehalten und am Sonntagabend vier- wenn Ihr nicht allzu arg strebert, sollte sich d.h. alles ausgehen!
Re: kurze antwort zur kurzen zwischenfrageExercise 2
As an external consultant that specializes in labor relations, you have been contacted by Austrian commercial bank Bankhaus Zwettl GmbH. Bankhaus Zwettl is currently in the process of converting to an AG for many reasons, and the CEO has asked you for help.
You have been asked to prepare a short business report that should cover the following points:
• An explanation of the difference between a private and a public corporation.
• Definition of "corporate governance"
• A suggestion for how Bankhaus Zwettl could benefit from becoming a public corporation.
Please make sure not to use lists, bullets, tables, or diagrams in your report (i.e. write full sentences) and compose the report to a length of approximately 500 words
(+/-10%). You are free to invent any additional information that you wish.
old ex. 4 - improving job satisfactionExercise #4
As an HR specialist, you have been contacted by Mr. Fuchs, the HR manager of the Austrian industrial massage salon Krampf GmbH. Krampf is having trouble motivating its 35 employees and wants to learn as much about HR motivation theories as possible.
You have been asked to prepare a short business letter that should cover the following points:
• Brief comparison of the terms “job enlargement” and “job enrichment”
• A short explanation of the Hawthorne effect
• A suggestion for what steps Krampf AG could take to improve the level of motivation of its employees.
Dear Mr. Fuchs,
We acknowledge receipt of your letter of 04 July 2007. In respond to your inquiry concerning your problems with your employee’s lack of motivation, I want to give you with as much useful information as possible. As there are several methods and strategies developed in the past decades, I want to outline the most important terms in this matter. To start with, I am going to compare the two strategies “job enlargement” and “job enrichment”. In the second section I will discuss the outcome of the Hawthorne study. To round up, I will give you a recommendation how you best can implement methods and strategies to improve the level of motivation of your employees.
There are various strategies for enhancing job satisfaction and job morale, “job enrichment” is one of these. Job enrichment is a method of increasing job satisfaction by adding one or more motivating factors to job activities. Hence, employees are getting additional tasks that usually bring along more responsibility. Another way to enrich a job is to implement job rotation programs in which the employee is rotating among various positions within a company. Thank to this method, employees/workers will not only gain from diversity in their workplace, they will also achieve new skills and receive a broader overview of their work and their organization. This leads me to the term “job enlargement” which should not be mixed up with “job enrichment”. Job enlargement, in the contrary to job enrichment, is the overall practice asking employees to accept more tasks or responsibilities without receiving appropriate compensation or benefits. Hence, when practicing job enlargement, employees soon will get dissatisfied and morale will highly decrease.
In the early 19th century, the Hawthorne effect was developed by a group of students. This effect belongs to behaviour theories, as the study shows us that employees increased their productivity in response to any management activity that they interpreted as special attention. Although this effect had a major influence on human relations theories, it was soon improved and modified by contemporary motivational theories as, for instance, the XY-theories, the hierarchy of needs, two-factor theory, etc.
This leads us to the question of how these theoretical concepts can be applied in the case of Krampf AG. To improve overall morale within your company the first step I would recommend is getting to know your employees very well. Only if you know everybody’s needs and aims you would be able to establish appropriate strategies to improve the level of motivation of your employees. Consequently, I suggest you setting up appointments for appraisal interviews with each employee. After that, you would be able to group your employees and then create various tailored programs for each group. To give you an example, if two or more employees want to reduce their working time, you can implement work-share or introduce flextime programs. If your employees tend to wish more responsibility, you might introduce participative management and empowerment or team management. In any case, you should consider redesigning or enriching your employee’s jobs to improve job satisfaction and morale.
I hope the above information proves useful to you. Please do not hesitate to contact me if you require any further information.
Yours sincerely,
Exc.7... contacted by the Austrian hand weapons producer Bum Bum GmbH. Bum is planning to resposition itself on the market and wants to learn as much about itself as possible
• corporate culture
• SWOT analysis
• Suggestion … more successfully target the pacifist market
Dear Mr. Weapon-Fanatic,
Thank you for your letter of June 30 concerning the planned reposition of Bum Bum GmbH on the market. In response to your questions, I am glad to be able to offer you detailed information in the following.
The following lines are divided in to three steps. Firstly, I am going to explain the term “corporate culture”. Thereafter, a short overview of a SWOT analysis will be given and finally, I would like to make some suggestions to target the pacifist market more successfully in the future.
By definition, “corporate culture” according to Griffin/Ebert are shared experiences, stories, beliefs and norms that characterise an organization. Significant experts agree that corporate culture guides employees on their way by defining work and business climate.
It is obvious that working without a stop to look back and, what is more important, to think about future plans will cause problems in progress making.
The most efficient way to find new positions on the market is to accomplish a SWOT analysis. In particular, a SWOT analysis is a screening of an organization and its environment. Whereas, the environmental analysis lights opportunities and threats, the organizational analysis shows strenght and weaknesses. In order to conduct the SWOT, it is necessary to carfully think about all stakeholders of a firm including employees, clients, suppliers, investors, other businesses and competitors. I would like to stress the most important idea of the analysis: boost the strength and extend the opportunities!
In my last paragraph I would like to list some ideas how to soften the pacifist market. First of all, publicizing a mission statement would doubtlessly be a nice way to show the world why weapons are needed. The mission statement would offer the possibility to point out that the Bum Bum GmbH cares about all stakeholders and could highlight the positive aim of the firm. Recent studies showed that slogens like “… to ensure safety …” have positive effects on organizations and would therefore be worth thinking about.
Furthermore, envolvement in the business’ environment could lead to symphaty of opponents. My suggestion is to make charitable donations and to try to get involved in associations.
Referring to recent difficulties with underaged-people and weapons, I would suggest offering special educational advertising for schools. In your current situation it would be advantageous to show the willingness to inform about the danger of weapons in child hands. Additionally, the Bum Bum GmbH could offer free presentations where self-defence exercises could be explained.
I hope the above information and some of my suggestions prove useful to you. Please do not hesitate to contact me if I can provide you with any further information. I look forward to an opportunity to speak with you in person.
Yours sincerely,
xxx
Re: Exc.1
Why is there a need to know about employee´s unrest? To set up a business is heard enough and you are undeniable lucky if you can get a foothold in the market. But if you want to remain successful, you will have to have a look at the motivation of your employees to achieve high staff morale which will guarantee you good performances in the future. So it is a good idea to take a close look at the possibility of employee´s unrest and take advantage of this information for your business. The following report aims to help Product AG with these questions and gives you an idea of various solutions and possibilities.
First of all this report will explain strikes and the term “wildcat strike”. Then it will give you a short overview how you could deal with this problem trought contingent workers. Last it will underline the importance of this knowledge in improving Produkt AG´s current situation.
According to Ebert Griffin a strike is a labor action in which employees temporarily walk off the job and refuse to work. Strikes can therefor be devided into two parts: economy strikes and sympathy strikes.These strikes are mostly organised by the union to create better working conditions. Sometimes it happens that an union strikes in sympathy with actions by another. But this has not happened in the past view years in our country. A wildcat strike, in detail, belongs to the group of sympathy strikes. It is a strike that is unauthorized by the strikers´union and is not legal under this leading point.
One of the most known action to refuse employee´s unrest is to hire contingent workers. Such workers are hired not on a full-time basis to supplement a business´ workeforce. To hire such employees is a little bit expensive, but they could fill the lack of needed workers. On the one hand to do so has the effect to safe your output. On the other such an action has an influence at staff morale of both sides. Your working employees get the feeling that they are doing right and those who refuse to work get demoralized and get scared to be replaced. This would help you to set up the workers against each other and let the strike endas soon as possible.
This leads us to the question of how these theoretical concepts could be applied at the current situation of Product AG. At this time it would be the best to hire contingent workers and fill the lack of striking employees. This would also be an effective way to boost its position as an employer and tell everyone that Product AG is in a strong position and has to be respected. Nevertheless the author of this report argues to think carefully about the workers position. To leave work is not an easy decision and shows you that essential needs of your workers are skipped at this time. To make this current unrest disappear needs more than only a sucessful bargaining. A solid working atmosphere has to be reestablished, where the needs of your employees are respected. This is the only possibility to refuse such situations in the future.
Re: exercise 2 - bankhaus zwettl
In the era of tight economic situations companies have to take into consideration in above for how to raise funds for its business and how to talk to potential consumers and investors. Therefore, this report will first state the differences between a private and a public corporation. Thereafter, the author is going to discuss the role of a corporation’s stakeholders, namely corporate governance. To finish the report, the writer will provide the reader with a recommendation for how the Bankhaus Zwettl GmbH could benefit from becoming a public corporation.
According to Ebert/Griffin various types of corporations can be found, but the two most important forms are public and private corporations. Whereas in a private corporation (ltd. or GmbH), shares belong to a closed group of people, for example, friends, relatives and other family members, the public may own shares in a public corporation (plc or AG). There are several pros and cons comparing these two main types. To start with, one big advantage for public corporations is the relatively easy transfer of shares, for instance, on stock exchanges, as it is not limited. Vice versa, there are restrictions in the case of a closely held corporation, because the other members have to agree to the transfer. Compared to a private corporation, a public corporation requires twice as much start up capital, namely € 70,000 in Austria. Moreover, bureaucracy is even higher in a public corporation, since it has to have a board of directors and to meet special disclosure requirements.
In addition to the complicated start up requirements, a corporation has to be managed by people who understand the principles of corporate governance. As the author mentioned before, corporate governance clarifies the roles of shareholders, directors and other managers in corporate decision making. Unless shareholders do not have preferred stock, they enjoy voting rights, and therefore can participate in main decisions. Moreover, the corporation has to set up a board of directors, the governing body, which is legally responsible for corporate action. Last, but not least, board members delegate their day-to-day business and responsibilities for the overall performance to officers, a team of managers usually headed by the firm’s chief executive officer (CEO).
But how can now Bankhaus Zwettl benefit from turning into a public corporation? Admittedly, there are still various drawbacks of public corporations, for example, a higher risk of tender offers, higher start-up costs and disclosure requirements. However, for a public corporation it is easier to raise new funds and capital. Not only that there are no limitations for exchanging shares, most of publicly held corporations are listed at stock exchanges. Consequently, these corporations receive more publicity through newspapers and other media. Thus, with a well prepared strategy, Bankhaus Zwettl would be able to raise and clarify its image in the head of investors and consumers.
report_motivationAs an HR specialist, you have been contacted by Mr. Fuchs, the HR manager of the Austrian industrial massage salon Krampf GmbH. Krampf is having trouble motivating its 35 employees and wants to learn as much about HR motivation theories as possible.
comparison of “job enlargement” and “job enrichment”
explanation of the Hawthorne effect
… suggestion steps to improve the level of motivation of its employees.
Motivation theories are nonsense and not worth thinking about – this is the oppinion of a part of experts dealing with the phenomenons of labor and human relations. On the other side, the majority of experts agree that employee’s job satisfaction is improveable by various motivation factors.
The aim of this report is having a closer look on different motivation theories and the results of its introduction to organizations.
The author divided the report into three steps. First, the report will offer a comparison of the terms “job enlargement” and “job enrichment”. Thereafter, the author will give an explanation of the Hawthorne effect and finally, suggestions for motivation improvements will be made.
By definition, “job enlargement” according to Ebert/Griffin is the process putting more work to one job. In that case, the description of a job is enlarged and the employee is going to have more work to be done. “job enrichment” on the other side is the process of putting motivational factors to a job. Both, job enlargement and job enrichment are possible ways to increase job satisfaction. Job enlargement, however could easily turn to dissatisfaction as a result of too much work that needs to be done be one employee.
Job enrichment is more likely to result in satisfaction because the process will boost employee’s physical contract by recognizing an increased output.
The following paragraph is going to deal with one of various motivation theories in greater detail. According to Ebert/Griffin, the “Howthorne Effect” is a phenomenon of behavior theories. Significant experts agree, that employees are more motivated to perform a good job if they believe that managers offer them special attention. The reason for the increased productivity is that the employee’s efforts seem to be recognized by employers and therefore necessary for reaching organization’s goals. The consequence is that subordinates identify the importance of their work and their part in the firm’s overall performance. Additionally, this effect makes people feeling that they are necessary and their workplace is kind of safe.
Due to the circumstance that Krampf GmbH is having trouble motivating its employees the author will offer some recommendations in the following.
Generally, there exists a broad variety of theories and possible ways to improve job satisfaction. Suitable strategies for the Krampf GmbH would be reinforcement, management by objectives and participative management and empowerment. Reinforcement, could lead to satisfaction because employee’s behavior is encouraged or discouraged by rewards or punishment. The second possibility, MBO, makes the progress of individual employee’s goal reaching more transparent. Finally, participative management and empowerment allows subordinates to have a voice in the management of their jobs.
Considering all of the mentioned strategies, the author would suggest Krampf GmbH’s management to increase job satisfaction by teambuilding. A good team is able to motivate each of its members day-by-day. Therefore, small events and weekendtrips should be implemented and offered regularly. In order to build a team, it is significally important to spend time together. To balance company expenses and success in motivating the team, the author would suggest the workforce of Krampf GmbH having lunch together once a week.
Re: Re: New Diploma Exam Practice Thread July 2007
Exercise 2
Many companies have problems with finding the right business form and this fact often leads to serious difficulties as goals cannot be achieved as they should have been. Fortunately, the possibility to change the chosen business form exists. How can the conversion from a private limited company to a public limited company affect and improve the situation of the commercial bank Bankhaus Zwettl GmbH and which critical points have to be considered when changing the business form? This report will try to answer these questions by providing detailed facts about corporations and explaining important steps of how to manage them.
First, the author will analyze the two forms of corporations, private and public corporations. After that a definition of corporate governance will be provided. Finally, the report will demonstrate an appropriate strategy for Bankhaus Zwettl to benefit from the business form conversion.
There are several forms of legal ownership a company can choose from. Besides from sole proprietorship and partnerships, which are noncorporate business forms, the corporation exists. A corporation is separated from its owners and reliable for its own debts. The liability of its owners is limited to the amount of their investment. Generally, it can be distinguished between private (Ltd or GmbH) and public corporations (plc or AG). In case of the former one, stocks are only held by a few people like the family, the management or the company’s employees and their sale is not available for the general public. The stocks of the latter one are widely held and offered for the public.
An important principle which has to be considered when managing corporations is corporate governance. According to Ebert and Griffin, corporate governance defines the roles of shareholders, the board of directors and corporate officers in corporate decision making. To take a closer look at the three bodies, shareholders who are the owners of the corporation have a wide influence over the company as they possess voting rights at the annual general meeting unless they hold preferred stocks. Furthermore, the board of directors is elected by the shareholders and is responsible for observing the corporate management. Last but not least, the corporate officers are hired by the board of directors to run and manage the corporation. The head of the officers is the chief executive officer.
This leads the reader to the question of how Bankhaus Zwettl could benefit from the conversion to a public corporation. Despite of the bureaucratic effort and the legal requirements when changing the business form, the change could cause several advantages for the company. Most important, it could get the possibility to raise funds as shares would be offered to the wide public and not only to a few people. Moreover, the business form public corporation would provide the best conditions for Bankhaus Zwettl if it would plan to expand in the future. For this step, a huge capital would be needed and by selling stocks at the stock exchange the company could achieve that. In addition to that, to be listed at the stock exchange could have also some promotional benefits as the public pays a lot of attention to the activities at the stock market. This would give the chance to build up a better image through publicity in newspapers and other types of media. The other side of the coin is that the company would have to consider the complex legal and disclosure requirements and above all the increased original capital from € 35,000 for private to € 70,000 for public corporations, according to Austrian business law.
To conclude, this strategic step demonstrates a special challenge for Bankhaus Zwettl especially if it would aim to grow and expand in the future. The drawbacks are mainly the complex bureaucratic and legal requirements as well as the increased capital. All things considered, however, the benefits of the conversion will strongly outweigh the disadvantages. Bearbeitet von: katrins86 am: 7/6/07 18:02
Re: Re: New Diploma Exam Practice Thread July 2007
Exercise One
Although the importance of labor unions decreases steadily, there is still a lot of concern with different views of management, employees and their labor union. Recent national and international cases demonstrated that strikes, boycotts and other labor actions might occur every time and everywhere. How can a company deal with such employee unrests? This report discusses the difficulties a company’s management has to face and how it can overcome them to manage human resources (HR) successfully.
First of all, the author will address common union tactics and explain the term “wildcat strike”. Second, the report will continue by demonstrating current changes concerning human resources management and the trend towards contingent workers. Finally, it will show how Produkt AG could manage the current employee unrest.
Because of several cases of union tactics like strikes, boycotts and picketing in the past it can be said that managers are still confronted with the problem of dissatisfied employees. According to Ebert and Griffin, strikes are a labor actions in which employees temporarily walk off the job and refuse to work. Strikes are becoming more and more important in context of current day business life. But not all strikes are legal. The definition that lies at the base of this problem is as follows. A “wildcat strike” is defined as a strike which is unauthorized by the labor union during the life of a contract. The consequences for strikers are that they loose their status as employees and thus, the protection of the labor law.
A further problem which today’s human resources managers have to deal with is the ongoing trend to so-called contingent or temporary workers. In detail, a contingent worker is hired for something other than a full-time basis to support the firm’s permanent workforce. Examples are independent workers, contract and leased employees. Managing this new kind of employment demonstrates a great challenge for HR managers as they have to be flexible and careful when creating work schedules. This leads the reader to the question of which actions Produkt AG should take into account to manage the current employee unrest.
One possible solution might be to arrange a discussion meeting with the strikers. This could give the company the opportunity to listen to the concerns of its employees and moreover, the management would have the chance to resolve the problems by finding an alternative solution. Furthermore, the managers should tell the strikers the risks which might occur because of this illegal wildcat strike and that it would be better for both sides to find a mutual agreement. Depending on the certain problem, the company could offer better compensation systems or more flexible working hours. On the one hand, the final solution should satisfy and motivate the employees to work for the company and on the other hand, the management should offer realistic, practical and feasible suggestions. Finally, the management should work out a comprehensive and written document which demonstrates the mutual solution and publish it within the company so that every employee and manager has access to the agreement. Thus, it is easier to implement the new strategy as everyone is aware of the changes.
In conclusion, the author recommends the company to integrate the employees in as many decision making processes as possible due to the fact that this would lead to greater motivation and satisfaction. The involvement of employees is a relatively easy and cheap action with enormous positive effects and protects the company against unpleasant labor actions like strikes and negative publicity. Bearbeitet von: katrins86 am: 7/6/07 18:50
Re: Re: New Diploma Exam Practice Thread July 2007
Exercise #2
Dear Mr. Gusenbauer,
Thank you for your letter of July 2 concerning your request for recommendations for your plans to increase economic growth in Austria. The current situation is quite challenging, nevertheless, I am certain that I can provide you an appropriate strategy for your future plans.
In this letter, I will first address the explanation of one of the major governmental policies, fiscal policy. Thereafter, I will outline the definitions of the two economic indicators “gross domestic product” (GDP) and “gross national product” (GNP) and show the differences between these terms. Finally, I will provide you the essential steps which should be taken into account in order to increase economic growth of Austria.
Generally, the government manages the economic system through two kinds of policies which are fiscal and monetary. The fiscal policy demonstrates how the government collects and spends its revenues to control the economy. One tool can be tax increases.
In addition to that, two important economic indicators have to be considered in association with economic growth, “gross domestic product” (GDP) and “gross national product” (GNP). According to many economic experts, GDP is the total value of goods and services produced by a nation within a given period of time with its domestic factors of production. In general, GDP is a measurement of aggregate output. In comparison to GDP, aggregate output is the total quantity of goods and services a nation produces within a given period and it is the main measure of economic growth. In detail, this means that if GDP increases, aggregate output is going up and this leads to economic growth of the nation. In contrast to GDP, GNP is the total value of goods and services produced by a nation’s economic system and sold on the market for a given period of time. Specifically, GNP includes GDP and all profits coming from economic activities abroad.
This leads me to my suggestion how you can promote higher economic growth. In regards to the above mentioned measurements of economic growth, the critical step is to increase aggregate output. One possible action would be to invest strongly in technology and education. This would lead to higher productivity which also causes economic growth. With better machinery, equipment and knowledge firms could produce more products with the same amount of resources as used before. The obvious consequence of this is that aggregate output, GDP and for sure growth would go up. Furthermore, tax cuts would result in a similar effect as firms would have more money to invest in factors of production like labor or physical resources.
Moreover, the government should take measures to decrease national debt as this has negative influence on economic growth. If the government borrows money, it decreases the amount of money available for private investing. Additionally, the government should control the balance of trade as a negative balance inhibits growth. This trade gap happens when a country imports more than it exports. Please make sure, that you consider all these steps especially raising money for technology and education.
I hope the above information proves useful for you. In any case of misunderstanding or if you require further and deeper explanations, do not hesitate to contact me. It is a pleasure for me that I can support you in finding a strategy for this challenging situation.
I look forward to an opportunity to speak with you in person.
Yours sincerely,
Katrin S. Bearbeitet von: katrins86 am: 7/7/07 0:14
Ex 2
The process of converting a private corporation to a public one needs to meet several requirements. This report will offer an overview of the striking points and therefore divided into three main parts.
To begin with, the author will explain the differences between a private and a public corporation. Thereafter, the report will offer a definition of the term “corporate governance” and finally, the author will highlight important facts and benefits of public corporations.
Deciding to market an AG request carefully weight of pro’s and con’s. In general, two kinds of corporations exist. The difference main difference between those two forms is the way how corporate stock is hold. By definition, a private corporation, according to Ebert/Griffin is a corporation whose stock is held only by a few people and not available for sale to the general public. A public corporation on the other side, helds its stock widely and the stock is available for sale to the general public.
A significant character of corporations is “corporate governance”. Ebert/Griffin defines “corporate governance” as a decision making process of the board of directors, stockholders and other managers. Whereas the board of directors has to inform stockholder about corporation’s performance and is responsible for revenues and losses, they hire managers for day-to-day business and operational management. A striking point in the way corporations are organized is that more people have voting rights than in any other organizations.
In the last paragraph the author will handle with public corporations in greater detail. To begin with, there has to be said that public corporations offer lots of advantages but also drawbacks have to be considered.
Of significant importance is to be aware of the fact that stocks and therefore parts of the corporation are in the hands of strangers. This leads to the greatest benefit of the public corporation: the ease of creating working capital for the firm. Whereas, lots of firms highlight this for the reason of forming a corporation, the other side of the coin is the fact that the firm is not completely owned by the managers. Therefore, the needs of other stakeholders have to be heared.
The process of converting a GmbH to an AG requires accurate analysis of the firm. The author recommends that the due diligence should be conducted by specialist. If managers accept higher starting costs by professional assistence they will be recompensed later on. It is obvious that a positive diligence attracts more investors and consequent higher investment capital.
In Bankhaus Zwettl GmbH’s current situation it would doubtlessly be advantageous to convert to a public corporation. Three main advantages are going to be discussed in the following: First, the public corporation offers the opportunity to grow rapidly by invested capital. Second, by the fact that shares of stock are held by the general public the organization’s environment generally trusts more in the corporation’s aims and mission statements. Third, a public corporation offers significant advantages due to the legal status and allows a more structured organization of the group.
Last of all, the above mentioned advantages of a public corporation leads the author to one advance notice: top managers need to be aware the danger of tender offers and and hostile take overs!
Bankhaus Zwettl
By converting a Gmbh into an AG some aspects have to be taken into account. The report will discuss the advantages and disadvantages of a transformation and will show how Bankhaus Zwettl could benefit from becoming a public coporation.
First, the report will distinguish between private coporation and public coporation. Afterwards it will define the term „coporate governance“. In closing, the author will highlight the advantages of becoming a public coporation.
A lot of types can be created when founding a business. For avoiding high start up costs the entrepreneur could found a sole proprietorship. A disadvantage of this type of company presents itself to the entrepreneur concerning unlimited liability. In contrast a coporation is an entity seperate from its owners. A coporation is liable for its own debts. The owners are only responsible for debts to the limit of their investments. Let’s now turn to the differentiation between private and public coporations.
The stock of a private coporation is held by a few people and it is not available to public. Compared to a private coporation a public coporation’s stock is held by many shareholders and it is available for sale.
Now the author would like to turn the attention to the definition of corporate governance. Corporate governance means the roles of shareholders – owners of shares in a corporation - , directors and managers in corporate decision making.
The shareholders of a public corporation have to meet once a year. The corporation has to select a board of directors, the governing body of the corporation that reports to its shareholders. The chief executive officer is hired by the board of directors to run the corporation and the CEO is responsible for daily operations.
Shareholders of common stock have coporate voting rights and it pays dividends. In contrast, preferred stock offers fixed dividends but no corporate voting rights.
This leads the author to the next point, namely advantages of founding a public corporation. Firstly a clear advantage represents the entity seperate from its owners. The coporation can sue for example another coporation and can be sued. Furthermore the owners are only liable to the limit of their investments. Another important issue concerns raising capital. For a public corporation it is easy to get money through issuing new stock. An arguement against establishing a public coporation would be high start up costs. In Austria it requires 70000 € start up costs. Further bureaucracy could be a problem, it is higher than in a private corporation.
In summary, the advantages of becoming an AG for Bankhaus Zwettl would be the listing at the stock exchange, this could result in higher publicity and awareness. Moreover it is easier for Bankhaus Zwettl to raise capital.
As Bankhaus Zwettl is already a GmbH, converting it into an AG would argueably be the best course of action.
old ex 3 - bond marketAs a financial consultant, you have been contacted by the investment board of the newly founded Austrian fund manager Investfonds AG. The investment board plans to invest heavily in corporate bonds in the future. You have been asked to prepare a short business report that should cover the following points:
• Brief explanation of the function of agencies like Moody's and Standard & Poor's
• A comparison of secured bonds and debentures
• A suggestion for how Investfonds AG could make sure it always has the most up-to-date information on stock and bond developments.
Thanks to new technologies, such as internet and wireless LAN, finding up-to-date information got relatively easy for both, individuals and companies. For this and other reasons, the securities market is enjoying a high and stable boom. As so do many other companies, Investfonds AG is asking itself the question how best to plan securities investments, to gain the most from this boom?
This report will give the reader an overview of the bond market and therefore, is going to explain the work of rating agencies, such as Moody’s and Standard & Poor’s. Thereafter, the author will compare the two main forms of bonds, namely secured and unsecured bonds. Finally, this report will provide the reader with a recommendation for where to get the most up-to-date information on stock and bond developments, in order to be able to react as fast as possible to value changes in the securities market.
Investing in bonds, in particular in corporate bonds, can bring along high risks. Hence it follows that soon there were companies that rated the risks of several bonds that were issued from companies in order to be able to look through the complicated “securities jungle”. Such companies, called rating agencies, help investors to find the right bonds for themselves, and thus provide a substantial decision basis. Rating Agencies classify bonds from AAA, which reflects less risky and safe bonds, to C or D which reflects higher risk that promised payment will deferred or missed altogether.
Another important issue is the distinction between secured and unsecured bonds. Secured bonds are backed by first mortgages or by a company’s assets, thus, making bonds less risky for holders. Unsecured bonds, or debentures, are not pledged with a company’s property as security and often have inferior claims on a corporation’s assets.
That leads us to the last part of this report. It is of particular importance for Investfonds AG to know the latest news and developments in the securities market. Current information for stock and bond developments could be easily found in daily newspapers, such as “Financial Times” or “The Wallstreet Journal”, in the teletext or in the internet. Thus, the author suggests Investfonds AG setting up a new department, which should be responsible for gathering up-to-date information and data mining. Another possibility would be investing in a new information system application, which would provide Investfonds AG with up-to-date information, as it shows changes in prices of stocks and bonds immediately after they happened.
To sum up, as there is a jungle of data, it is important for the reader to establish a suitable information system to provide the needed information as soon as they are required. Although implementing one of the two recommendations would be very expensive, it will soon amortise itself, as the company will avoid making bad decisions on the basis of old information.
Bearbeitet von: pelzls am: 7/7/07 18:38
Re: old ex. 4 - improving job satisfactionOriginal
Dear Mr. Fuchs,
We acknowledge receipt of your letter of 04 July 2007. In respond to your inquiry concerning your problems with your employee’s lack of motivation, I want to give you with as much useful information as possible. As there are several methods and strategies developed in the past decades, I want to outline the most important terms in this matter. To start with, I am going to compare the two strategies “job enlargement” and “job enrichment”. In the second section I will discuss the outcome of the Hawthorne study. To round up, I will give you a recommendation how you best can implement methods and strategies to improve the level of motivation of your employees.
There are various strategies for enhancing job satisfaction and job morale, “job enrichment” is one of these. Job enrichment is a method of increasing job satisfaction by adding one or more motivating factors to job activities. Hence, employees are getting additional tasks that usually bring along more responsibility. Another way to enrich a job is to implement job rotation programs in which the employee is rotating among various positions within a company. Thank to this method, employees/workers will not only gain from diversity in their workplace, they will also achieve new skills and receive a broader overview of their work and their organization. This leads me to the term “job enlargement” which should not be mixed up with “job enrichment”. Job enlargement, in the contrary to job enrichment, is the overall practice asking employees to accept more tasks or responsibilities without receiving appropriate compensation or benefits. Hence, when practicing job enlargement, employees soon will get dissatisfied and morale will highly decrease.
In the early 19th century, the Hawthorne effect was developed by a group of students. This effect belongs to behaviour theories, as the study shows us that employees increased their productivity in response to any management activity that they interpreted as special attention. Although this effect had a major influence on human relations theories, it was soon improved and modified by contemporary motivational theories as, for instance, the XY-theories, the hierarchy of needs, two-factor theory, etc.
This leads us to the question of how these theoretical concepts can be applied in the case of Krampf AG. To improve overall morale within your company the first step I would recommend is getting to know your employees very well. Only if you know everybody’s needs and aims you would be able to establish appropriate strategies to improve the level of motivation of your employees. Consequently, I suggest you setting up appointments for appraisal interviews with each employee. After that, you would be able to group your employees and then create various tailored programs for each group. To give you an example, if two or more employees want to reduce their working time, you can implement work-share or introduce flextime programs. If your employees tend to wish more responsibility, you might introduce participative management and empowerment or team management. In any case, you should consider redesigning or enriching your employee’s jobs to improve job satisfaction and morale.
I hope the above information proves useful to you. Please do not hesitate to contact me if you require any further information.
Yours sincerely,
Korrektur
Dear Mr. Fuchs,
We acknowledge receipt of your letter of 04 July 2007. In response to your inquiry concerning your problems with your employees' lack of motivation, I want to give you __ as much useful information as possible. As there are several methods and strategies that have been developed in the past decades, I want to outline the most important terms in this matter. To start with, I am going to compare the two strategies “job enlargement” and “job enrichment”. In the second section, I will discuss the outcome of the Hawthorne study. To round up, I will give you a recommendation for how you can best implement methods and strategies to improve the level of motivation of your employees.
There are various strategies for enhancing job satisfaction and job morale, “job enrichment” is one of these. Job enrichment is a method of increasing job satisfaction by adding one or more motivating factors to job activities. Hence, employees receive additional tasks that usually bring along more responsibility. Another way to enrich a job is to implement job rotation programs in which the employee rotates between various positions within a company. Thank to this method, employees/workers will not only gain from diversity in their workplace, they will also develop new skills and receive a broader overview of their work and their organization. This leads me to the term “job enlargement” which should not be mixed up with “job enrichment”. Job enlargement, in contrast to job enrichment, is the overall practice asking employees to accept more tasks or responsibilities without receiving appropriate compensation or benefits. Hence, when practicing job enlargement, employees soon will get dissatisfied and morale will highly decrease.
In the early 20th century, the Hawthorne effect was discovered by a group of students. This effect falls under the category of behaviour theories, as the study shows us that employees increased their productivity in response to any management activity that they interpreted as special attention. Although this effect had a major influence on human relations theories, it was soon improved and modified by contemporary motivational theories such as, for instance, the XY-theories, the hierarchy of needs, two-factor theory, etc.
This leads us to the question of how these theoretical concepts can be applied in the case of Krampf AG. To improve overall morale within your company the first step I would recommend is getting to know your employees very well. Only if you know everybody’s needs and aims __ would you be able to establish appropriate strategies to improve the level of motivation of your employees. Consequently, I suggest for you to set up appointments for appraisal interviews with each employee. After that, you would be able to group your employees and then create various tailored programs for each group. To give you an example, if two or more employees want to reduce their working time, you can implement work-share or introduce flextime programs. If your employees tend to wish more responsibility, you might introduce participative management and empowerment or team management. In any case, you should consider redesigning or enriching your employees' jobs to improve job satisfaction and morale.
I hope the above information proves useful to you. Please do not hesitate to contact me if you require any further information.
Yours sincerely,
Gute Arbeit!
1) "give you as much" oder "provide you with as much"
2) "in the contrary": "im Gegensatz zu"= "in contrast to". "Im Gegenteil"= "On the contrary,"
3) "employee's": bezieht sich nur auf einen Angestellten- wenn es für alle gelten soll, nimmt man "employees' "
Re: Exc.7Original
Dear Mr. Weapon-Fanatic,
Thank you for your letter of June 30 concerning the planned reposition of Bum Bum GmbH on the market. In response to your questions, I am glad to be able to offer you detailed information in the following.
The following lines are divided in to three steps. Firstly, I am going to explain the term “corporate culture”. Thereafter, a short overview of a SWOT analysis will be given and finally, I would like to make some suggestions to target the pacifist market more successfully in the future.
By definition, “corporate culture” according to Griffin/Ebert are shared experiences, stories, beliefs and norms that characterise an organization. Significant experts agree that corporate culture guides employees on their way by defining work and business climate.
It is obvious that working without a stop to look back and, what is more important, to think about future plans will cause problems in progress making.
The most efficient way to find new positions on the market is to accomplish a SWOT analysis. In particular, a SWOT analysis is a screening of an organization and its environment. Whereas, the environmental analysis lights opportunities and threats, the organizational analysis shows strenght and weaknesses. In order to conduct the SWOT, it is necessary to carfully think about all stakeholders of a firm including employees, clients, suppliers, investors, other businesses and competitors. I would like to stress the most important idea of the analysis: boost the strength and extend the opportunities!
In my last paragraph I would like to list some ideas how to soften the pacifist market. First of all, publicizing a mission statement would doubtlessly be a nice way to show the world why weapons are needed. The mission statement would offer the possibility to point out that the Bum Bum GmbH cares about all stakeholders and could highlight the positive aim of the firm. Recent studies showed that slogens like “… to ensure safety …” have positive effects on organizations and would therefore be worth thinking about.
Furthermore, envolvement in the business’ environment could lead to symphaty of opponents. My suggestion is to make charitable donations and to try to get involved in associations.
Referring to recent difficulties with underaged-people and weapons, I would suggest offering special educational advertising for schools. In your current situation it would be advantageous to show the willingness to inform about the danger of weapons in child hands. Additionally, the Bum Bum GmbH could offer free presentations where self-defence exercises could be explained.
I hope the above information and some of my suggestions prove useful to you. Please do not hesitate to contact me if I can provide you with any further information. I look forward to an opportunity to speak with you in person.
Yours sincerely,
xxx
Korrektur
Dear Mr. Weapon-Fanatic,
Thank you for your letter of June 30 concerning the planned reposition of Bum Bum GmbH on the market. In response to your questions, I am glad to be able to offer you detailed information in the following.
The following lines are divided in to three parts. Firstly, I am going to explain the term “corporate culture”. Thereafter, a short overview of a SWOT analysis will be given and finally, I would like to make some suggestions to target the pacifist market more successfully in the future.
By definition, “corporate culture” according to Griffin/Ebert are shared experiences, stories, beliefs and norms that characterise an organization. Significant experts agree that corporate culture guides employees on their way by defining work and business climate.
It is obvious that working without a stop to look back and, what is more important, to think about future plans will cause problems in making progress.
The most efficient way to find new positions on the market is to conduct a SWOT analysis. In particular, a SWOT analysis is a screening of an organization and its environment. Whereas__ the environmental analysis highlights opportunities and threats, the organizational analysis shows strengths and weaknesses. In order to conduct the SWOT, it is necessary to carefully think about all stakeholders of a firm including employees, clients, suppliers, investors, other businesses and competitors. I would like to stress the most important idea of the analysis: boost the strength and extend the opportunities!
In my last paragraph I would like to list some ideas for how to soften the pacifist market. First of all, publicizing a mission statement would doubtlessly be a nice way to show the world why weapons are needed. The mission statement would offer the possibility to point out that the Bum Bum GmbH cares about all stakeholders and could highlight the positive aim of the firm. Recent studies showed that slogens like “… to ensure safety …” have positive effects on organizations and would therefore be worth thinking about.
Furthermore, involvement in the business’ environment could lead to sympathetic reactions from opponents. My suggestion is to make charitable donations and to try to get involved in associations.
Referring to recent difficulties with underaged-people and weapons, I would suggest offering special educational advertising for schools. In your current situation it would be advantageous to show the willingness to inform about the danger of weapons in child hands. Additionally, the Bum Bum GmbH could offer free presentations where self-defence exercises could be explained.
I hope the above information and some of my suggestions prove useful to you. Please do not hesitate to contact me if I can provide you with any further information. I look forward to an opportunity to speak with you in person.
Yours sincerely,
xxx
Re: Exc.1Original
Why is there a need to know about employee´s unrest? To set up a business is heard enough and you are undeniable lucky if you can get a foothold in the market. But if you want to remain successful, you will have to have a look at the motivation of your employees to achieve high staff morale which will guarantee you good performances in the future. So it is a good idea to take a close look at the possibility of employee´s unrest and take advantage of this information for your business. The following report aims to help Product AG with these questions and gives you an idea of various solutions and possibilities.
First of all this report will explain strikes and the term “wildcat strike”. Then it will give you a short overview how you could deal with this problem trought contingent workers. Last it will underline the importance of this knowledge in improving Produkt AG´s current situation.
According to Ebert Griffin a strike is a labor action in which employees temporarily walk off the job and refuse to work. Strikes can therefor be devided into two parts: economy strikes and sympathy strikes.These strikes are mostly organised by the union to create better working conditions. Sometimes it happens that an union strikes in sympathy with actions by another. But this has not happened in the past view years in our country. A wildcat strike, in detail, belongs to the group of sympathy strikes. It is a strike that is unauthorized by the strikers´union and is not legal under this leading point.
One of the most known action to refuse employee´s unrest is to hire contingent workers. Such workers are hired not on a full-time basis to supplement a business´ workeforce. To hire such employees is a little bit expensive, but they could fill the lack of needed workers. On the one hand to do so has the effect to safe your output. On the other such an action has an influence at staff morale of both sides. Your working employees get the feeling that they are doing right and those who refuse to work get demoralized and get scared to be replaced. This would help you to set up the workers against each other and let the strike endas soon as possible.
This leads us to the question of how these theoretical concepts could be applied at the current situation of Product AG. At this time it would be the best to hire contingent workers and fill the lack of striking employees. This would also be an effective way to boost its position as an employer and tell everyone that Product AG is in a strong position and has to be respected. Nevertheless the author of this report argues to think carefully about the workers position. To leave work is not an easy decision and shows you that essential needs of your workers are skipped at this time. To make this current unrest disappear needs more than only a sucessful bargaining. A solid working atmosphere has to be reestablished, where the needs of your employees are respected. This is the only possibility to refuse such situations in the future.
Korrektur
Why is there a need to know about employee unrest? To set up a business is hard enough and you are undeniable lucky if you can get a foothold in the market. But if you want to remain successful, you will have to have a look at the motivation of your employees to achieve high staff morale which will guarantee __ good performance in the future. So it is a good idea to take a close look at the possibility of employee unrest and take advantage of this information for your business. The following report aims to help Product AG with these issues and gives you an idea of various solutions and possibilities.
First of all this report, will explain strikes and the term “wildcat strike”. Then it will give you a short overview of how you could deal with this problem with the help of contingent workers. Last, it will underline the importance of this knowledge in improving Produkt AG´s current situation.
According to Ebert/Griffin, a strike is a labor action in which employees temporarily walk off the job and refuse to work. Strikes can therefore be divided into two parts: economy strikes and sympathy strikes.These strikes are mostly organised by the union to create better working conditions. Sometimes it happens that a union strikes in sympathy with actions carried out by another. But this has not happened in the past few years in our country. A wildcat strike, in detail, belongs to the group of sympathy strikes. It is a strike that is unauthorized by the strikers´union and is not legal under this leading point.
One of the most common actions companies take to counteractemployee unrest is to hire contingent workers. Such workers are hired __ on a part-time basis to supplement a business´ workeforce. To hire such employees is a little bit expensive, but they could fill the lack of needed workers. On the one hand,hiring contingent workers has the effect of securing your output. On the other, such an action has an influence on staff morale on both sides. Your working employees get the feeling that they are acting correctly and those who refuse to work become demoralized and become scared of being replaced. This would help you to set up the workers against each other and let the strike end as soon as possible.
This leads us to the question of how these theoretical concepts could be applied in the current situation of Product AG. At this time, it would be __ best to hire contingent workers and fill the output gap due to striking employees. This would also be an effective way to boost your position as an employer and show everyone that Product AG is in a strong position and has to be respected. Nevertheless, the author of this report argues that you should think carefully about the workers' position. To leave work is not an easy decision and shows you that essential needs of your workers are being neglected at this time. To make this current unrest disappear takes more than only _ sucessful bargaining. A solid working atmosphere has to be reestablished, where the needs of your employees are respected. This is the only possibility to prevent such situations in the future.
Inhaltlich bestens, grammatikalisch die wichtigsten Prepositions zu Business-Begriffen nochmals durchlesen.
1) "employee´s unrest": Die Phrase lautet eigentlich "employee unrest". Wenn Du es aber Possessive verfassen willst, dann wäre es "employees' unrest" (Mehrzahl).
2) "The following report aims to help Product AG with these questions": Grammatikalisch richtig, aber Du stellst zuvor keine Fragen, d.h. nicht "questions" sondern "issues"/"topics".
3) "an union": Blöder Sonderfall: Bei Vokalen, die wie Konsonanten ausgesprochen werden ("Junion", "Juniversity"), kommt ein "a", kein "an". (umgekehrtes gilt bei Konsonanten, die nicht ausgesprochen werden, wie "an herb")
In the era of tight economic situations companies have to take into consideration in above for how to raise funds for its business and how to talk to potential consumers and investors. Therefore, this report will first state the differences between a private and a public corporation. Thereafter, the author is going to discuss the role of a corporation’s stakeholders, namely corporate governance. To finish the report, the writer will provide the reader with a recommendation for how the Bankhaus Zwettl GmbH could benefit from becoming a public corporation.
According to Ebert/Griffin various types of corporations can be found, but the two most important forms are public and private corporations. Whereas in a private corporation (ltd. or GmbH), shares belong to a closed group of people, for example, friends, relatives and other family members, the public may own shares in a public corporation (plc or AG). There are several pros and cons comparing these two main types. To start with, one big advantage for public corporations is the relatively easy transfer of shares, for instance, on stock exchanges, as it is not limited. Vice versa, there are restrictions in the case of a closely held corporation, because the other members have to agree to the transfer. Compared to a private corporation, a public corporation requires twice as much start up capital, namely € 70,000 in Austria. Moreover, bureaucracy is even higher in a public corporation, since it has to have a board of directors and to meet special disclosure requirements.
In addition to the complicated start up requirements, a corporation has to be managed by people who understand the principles of corporate governance. As the author mentioned before, corporate governance clarifies the roles of shareholders, directors and other managers in corporate decision making. Unless shareholders do not have preferred stock, they enjoy voting rights, and therefore can participate in main decisions. Moreover, the corporation has to set up a board of directors, the governing body, which is legally responsible for corporate action. Last, but not least, board members delegate their day-to-day business and responsibilities for the overall performance to officers, a team of managers usually headed by the firm’s chief executive officer (CEO).
But how can now Bankhaus Zwettl benefit from turning into a public corporation? Admittedly, there are still various drawbacks of public corporations, for example, a higher risk of tender offers, higher start-up costs and disclosure requirements. However, for a public corporation it is easier to raise new funds and capital. Not only that there are no limitations for exchanging shares, most of publicly held corporations are listed at stock exchanges. Consequently, these corporations receive more publicity through newspapers and other media. Thus, with a well prepared strategy, Bankhaus Zwettl would be able to raise and clarify its image in the head of investors and consumers.
Korrektur
In an era of tight economic competition, companies have to take into consideration __ how to raise funds for their business and how to talk to potential consumers and investors. Therefore, this report will first state the differences between a private and a public corporation. Thereafter, the author is going to discuss the role of properly meeting the responsibilities to a corporation’s stakeholders, namely corporate governance. To finish the report, the writer will provide the reader with a recommendation for how the Bankhaus Zwettl GmbH could benefit from becoming a public corporation.
According to Ebert/Griffin, various types of corporations can be found, but the two most important forms are public and private corporations. Whereas in a private corporation (ltd. or GmbH), shares belong to a closed group of people, for example, friends, relatives and other family members, the public may own shares in a public corporation (plc or AG). There are several pros and cons that arise when comparing these two main types of corporations. To start with, one big advantage for public corporations is the relatively easy transfer of shares, for instance, on stock exchanges, as it is not limited. Vice versa, there are restrictions in the case of a closely held corporation, because the other members have to agree to the transfer. Compared to a private corporation, a public corporation requires twice as much start up capital, namely € 70,000 in Austria. Moreover, bureaucracy is even higher in a public corporation, since it has to have a board of directors and to meet special disclosure requirements.
In addition to the complicated start up requirements, a corporation has to be managed by people who understand the principles of corporate governance. As the author mentioned before, corporate governance clarifies the roles of shareholders, directors and other managers in corporate decision making. Unless shareholders __ have preferred stock, they enjoy voting rights, and therefore can participate in a company's main decisions. Moreover, the corporation has to set up a board of directors, the governing body, which is legally responsible for corporate action. Last, but not least, board members delegate their day-to-day business and responsibilities for the overall performance to officers, a team of managers usually headed by the firm’s chief executive officer (CEO).
But how now can __ Bankhaus Zwettl benefit from turning into a public corporation? Admittedly, there are still various drawbacks of public corporations, for example, a higher risk of tender offers, higher start-up costs and disclosure requirements. However, for a public corporation, it is easier to raise new funds and capital. Not only do investors benefit from the fact that there are no limitations for exchanging shares, most __ publicly held corporations are listed at stock exchanges. Consequently, these corporations receive more publicity through newspapers and other media. Thus, with a well prepared strategy, Bankhaus Zwettl would be able to raise and clarify its image in the head of investors and consumers.
Praxisteil war inhaltlich nicht der Wahnsinn, aber dafür war die theoretische Unterscheidung GmbH/AG und Definition CG spitze. Grammatik ebenfalls sehr solide.
1) "Not only that there are no limitations for exchanging shares, most of publicly held corporations are listed at stock exchanges.": Achtung- das ist kein vollständiger Satz sondern eine Phrase.
Re: report_motivationOriginal
Motivation theories are nonsense and not worth thinking about – this is the oppinion of a part of experts dealing with the phenomenons of labor and human relations. On the other side, the majority of experts agree that employee’s job satisfaction is improveable by various motivation factors.
The aim of this report is having a closer look on different motivation theories and the results of its introduction to organizations.
The author divided the report into three steps. First, the report will offer a comparison of the terms “job enlargement” and “job enrichment”. Thereafter, the author will give an explanation of the Hawthorne effect and finally, suggestions for motivation improvements will be made.
By definition, “job enlargement” according to Ebert/Griffin is the process putting more work to one job. In that case, the description of a job is enlarged and the employee is going to have more work to be done. “job enrichment” on the other side is the process of putting motivational factors to a job. Both, job enlargement and job enrichment are possible ways to increase job satisfaction. Job enlargement, however could easily turn to dissatisfaction as a result of too much work that needs to be done be one employee.
Job enrichment is more likely to result in satisfaction because the process will boost employee’s physical contract by recognizing an increased output.
The following paragraph is going to deal with one of various motivation theories in greater detail. According to Ebert/Griffin, the “Howthorne Effect” is a phenomenon of behavior theories. Significant experts agree, that employees are more motivated to perform a good job if they believe that managers offer them special attention. The reason for the increased productivity is that the employee’s efforts seem to be recognized by employers and therefore necessary for reaching organization’s goals. The consequence is that subordinates identify the importance of their work and their part in the firm’s overall performance. Additionally, this effect makes people feeling that they are necessary and their workplace is kind of safe.
Due to the circumstance that Krampf GmbH is having trouble motivating its employees the author will offer some recommendations in the following.
Generally, there exists a broad variety of theories and possible ways to improve job satisfaction. Suitable strategies for the Krampf GmbH would be reinforcement, management by objectives and participative management and empowerment. Reinforcement, could lead to satisfaction because employee’s behavior is encouraged or discouraged by rewards or punishment. The second possibility, MBO, makes the progress of individual employee’s goal reaching more transparent. Finally, participative management and empowerment allows subordinates to have a voice in the management of their jobs.
Considering all of the mentioned strategies, the author would suggest Krampf GmbH’s management to increase job satisfaction by teambuilding. A good team is able to motivate each of its members day-by-day. Therefore, small events and weekendtrips should be implemented and offered regularly. In order to build a team, it is significally important to spend time together. To balance company expenses and success in motivating the team, the author would suggest the workforce of Krampf GmbH having lunch together once a week.
Korrektur
Motivation theories are nonsense and not worth thinking about – this is the oppinion of several experts dealing with the phenomena of labor and human relations. On the other side, the majority of experts agree that employees'level of job satisfaction is improveable through various motivation factors.
The aim of this report is to have a closer look at different motivation theories and the results of their introduction in organizations.
The author divided the report into three steps. First, the report will offer a comparison of the terms “job enlargement” and “job enrichment”. Thereafter, the author will give an explanation of the Hawthorne effect and finally, suggestions for motivation improvements will be made.
By definition, “job enlargement” according to Ebert/Griffin is the process of adding more work to one job. In that case, the description of a job is enlarged and the employee is going to have more work to do. “Job enrichment” on the other side is the process of adding motivational factors to a job. Both, job enlargement and job enrichment are possible ways to increase job satisfaction. Job enlargement, however could easily turn to dissatisfaction as a result of too much work that needs to be done by one employee.
Job enrichment is more likely to result in satisfaction because the process will boost an employee’s psychological contract by recognizing an increased output.
The following paragraph is going to deal with one of various motivation theories in greater detail. According to Ebert/Griffin, the “Hawthorne Effect” is a phenomenon of behavior theories. Significant experts agree__ that employees are more motivated to perform a good job if they believe that managers offer them special attention. The reason for the increased productivity is that the employees' efforts seem to be recognized by employers and therefore necessary for reaching the organization’s goals. The consequence is that subordinates identify the importance of their work and their part in the firm’s overall performance. Additionally, this effect makes people feel that they are necessary and their workplace is comparably safe.
Due to the circumstance that Krampf GmbH is having trouble motivating its employees, the author will offer some recommendations in the following.
Generally, there exists a broad variety of theories and possible ways through which to improve job satisfaction. Suitable strategies for the Krampf GmbH would be reinforcement, management by objectives and participative management and empowerment. Reinforcement__ could lead to satisfaction because an employee’s behavior is encouraged or discouraged by rewards or punishment. The second possibility, MBO, makes the progress of an individual employee’s towards reaching their goals more transparent. Finally, participative management and empowerment allows subordinates to have a voice in the management of their jobs.
Considering all of the mentioned strategies, the author would suggest for Krampf GmbH’s management to increase job satisfaction by teambuilding. A good team is able to motivate each of its members on a day-by-day basis. Therefore, small events and weekend trips should be implemented and offered regularly. In order to build a team, it is significally important to spend time together. To balance company expenses and success in motivating the team, the author would suggest the workforce of Krampf GmbH having lunch together once a week.
Inhaltlich sehr gut (bei Praxisempfehlung wäre es insofern verbesserbar, nicht so viele Varianten aufzuzählen aber dafür eine etwas mehr auszubauen). Grammatikfehler zwar vorhanden (inb. Prepositions), aber stilistisch super.
1) "kind of safe": Kein wirklicher Grammatikfehler, aber stilistisch nicht optimal: "somewhat safe" bzw. "comparable safe" passen viel besser.
Re: Re: New Diploma Exam Practice Thread July 2007Original
Many companies have problems with finding the right business form and this fact often leads to serious difficulties as goals cannot be achieved as they should have been. Fortunately, the possibility to change the chosen business form exists. How can the conversion from a private limited company to a public limited company affect and improve the situation of the commercial bank Bankhaus Zwettl GmbH and which critical points have to be considered when changing the business form? This report will try to answer these questions by providing detailed facts about corporations and explaining important steps of how to manage them.
First, the author will analyze the two forms of corporations, private and public corporations. After that a definition of corporate governance will be provided. Finally, the report will demonstrate an appropriate strategy for Bankhaus Zwettl to benefit from the business form conversion.
There are several forms of legal ownership a company can choose from. Besides from sole proprietorship and partnerships, which are noncorporate business forms, the corporation exists. A corporation is separated from its owners and reliable for its own debts. The liability of its owners is limited to the amount of their investment. Generally, it can be distinguished between private (Ltd or GmbH) and public corporations (plc or AG). In case of the former one, stocks are only held by a few people like the family, the management or the company’s employees and their sale is not available for the general public. The stocks of the latter one are widely held and offered for the public.
An important principle which has to be considered when managing corporations is corporate governance. According to Ebert and Griffin, corporate governance defines the roles of shareholders, the board of directors and corporate officers in corporate decision making. To take a closer look at the three bodies, shareholders who are the owners of the corporation have a wide influence over the company as they possess voting rights at the annual general meeting unless they hold preferred stocks. Furthermore, the board of directors is elected by the shareholders and is responsible for observing the corporate management. Last but not least, the corporate officers are hired by the board of directors to run and manage the corporation. The head of the officers is the chief executive officer.
This leads the reader to the question of how Bankhaus Zwettl could benefit from the conversion to a public corporation. Despite of the bureaucratic effort and the legal requirements when changing the business form, the change could cause several advantages for the company. Most important, it could get the possibility to raise funds as shares would be offered to the wide public and not only to a few people. Moreover, the business form public corporation would provide the best conditions for Bankhaus Zwettl if it would plan to expand in the future. For this step, a huge capital would be needed and by selling stocks at the stock exchange the company could achieve that. In addition to that, to be listed at the stock exchange could have also some promotional benefits as the public pays a lot of attention to the activities at the stock market. This would give the chance to build up a better image through publicity in newspapers and other types of media. The other side of the coin is that the company would have to consider the complex legal and disclosure requirements and above all the increased original capital from € 35,000 for private to € 70,000 for public corporations, according to Austrian business law.
To conclude, this strategic step demonstrates a special challenge for Bankhaus Zwettl especially if it would aim to grow and expand in the future. The drawbacks are mainly the complex bureaucratic and legal requirements as well as the increased capital. All things considered, however, the benefits of the conversion will strongly outweigh the disadvantages.
Korrektur
Many companies have problems with finding the right business form and this fact often leads to serious difficulties as goals cannot be achieved as they should have been. Fortunately, the possibility to change the chosen business form exists. How can the conversion from a private limited company to a public limited company affect and improve the situation of the commercial bank Bankhaus Zwettl GmbH and which critical points have to be considered when changing the business form? This report will try to answer these questions by providing detailed facts about corporations and explaining important steps of how to manage them.
First, the author will analyze the two forms of corporations, private and public corporations. After that, a definition of corporate governance will be provided. Finally, the report will demonstrate an appropriate strategy for Bankhaus Zwettl to benefit from the business form conversion.
There are several forms of legal ownership a company can choose from. Besides __ sole proprietorships and partnerships, which are noncorporate business forms, the corporation exists. A corporation is separated from its owners and liable for its own debts. The liability of its owners is limited to the amount of their investment. Generally, it can be distinguished between private (Ltd or GmbH) and public corporations (plc or AG). In case of the former one, stocks are only held by a few people like the family, the management or the company’s employees and their sale is not available for the general public. The stocks of the latter one are widely held and offered to the public.
An important principle which has to be considered when managing corporations is corporate governance. According to Ebert and Griffin, corporate governance defines the roles of shareholders, the board of directors and corporate officers in corporate decision making. To take a closer look at the three bodies, shareholders who are the owners of the corporation have a wide influence on the company as they possess voting rights at the annual general meeting unless they hold preferred stocks. Furthermore, the board of directors is elected by the shareholders and is responsible for observing the corporate management. Last but not least, the corporate officers are hired by the board of directors to run and manage the corporation. The head of the officers is the chief executive officer.
This leads the reader to the question of how Bankhaus Zwettl could benefit from the conversion to a public corporation. Despite __ the bureaucratic effort and the legal requirements when changing the business form, the change could cause several advantages for the company. Most important, it could bring the possibility to raise funds as shares would be offered to the wide public and not only to a few people. Moreover, the business form public corporation would provide the best conditions for Bankhaus Zwettl if it would plan to expand in the future. For this step, _ significant capital would be needed and by selling stocks on the stock exchange the company could achieve that. In addition to that, to be listed on the stock exchange could have also some promotional benefits as the public pays a lot of attention to the activities on the stock market. This would give the chance to build up a better image through publicity in newspapers and other types of media. The other side of the coin is that the company would have to consider the complex legal and disclosure requirements and above all the increased original equity capital requirements, increasing from € 35,000 for private to € 70,000 for public corporations, according to Austrian business law.
To conclude, this strategic step demonstrates a special challenge for Bankhaus Zwettl especially if it would aim to grow and expand in the future. The drawbacks are mainly the complex bureaucratic and legal requirements as well as the increased capital. All things considered, however, the benefits of the conversion will strongly outweigh the disadvantages.
Ausgezeichnet- klarer 1er.
1) "Besides from sole proprietorship": Entweder nur "Besides" ("a sole proprietorship") oder "Aside from" ("a sole proprietorship")
2) "Despite of the bureaucratic effort": Immer sicherer, nach "despite" kein "of" (funktioniert nur selten, und auch da ist das "of" nicht notwendig).
Re: kurze antwort zur kurzen zwischenfrage
wow ... super! vielen, vielen Dank!!! 
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