28 Dec How the problem might

MBA540 Managerial Economics

Module 1 Discussion

Every time we have to make a choice we are faced with an opportunity cost. Using an example in your professional life, identify a situation where you were presented with a choice, the opportunity cost of the choice you made, and the process you used to make your choice. As part of your discussion, explain whether or not responsible stewardship played a role in your choice. Remember to use the appropriate economic concepts and terminology that are applicable to your answer.

MBA540 Managerial Economics

Module 2 Discussion

What factors must a firm consider when deciding to raise or lower its price? In answering this question think about the content in Chapters 4 and 5 and use a real-world example that helps illustrate your answer.

MBA540 Managerial Economics

Module 3 Discussion

View the video at the link below and share your thoughts on the economic concepts that you believe are applicable. You can also view this video by using the NBC Learn link in the student resources folder.

In your response, provide a rationale on whether or not a firm has to possess market power in order to raise prices.

MBA540 Managerial Economics

Module 4 Discussion

If a firm has created value, is it also always able to capture that value? How does a firm create value and then what must it be able to do to capture that value? In your answer, provide an example of a firm that has been able to create value. Then discuss whether or not you believe it has captured that value and if so how it was captured and if not why it was not able to do so.

MBA540 Managerial Economics

Module 5 Discussion

Identify an incentive conflict in your firm, or one you have read about, that reduced firm value. As part of your answer, discuss whether or not one or more of the legs of the organizational stool was unbalanced, and if so, how that contributed to the conflict.

MBA540 Managerial Economics

Module 6 Discussion

Should decision management and decision control be separated? As part of your discussion, provide a real-world example (or provide a fictitious example) of a firm where the control (correctly) resides with the same individual as well as an example of a firm where the control is (correctly) separated.

MBA540 Managerial Economics

Module 7 Discussion

W. Edwards Deming, often referred to as the leading quality guru in the United States, and psychologist Alfie Kohn support the idea that incentive pay is not a motivator for individuals to do a good job. Yet economists argue that incentive compensation does work and as economist George Baker notes in his 1993 article in the Harvard Business Review titled “Rethinking Rewards,” “The problem is not that incentives can’t work but that they work too well.” What does Baker mean? Discuss the importance of a well-developed compensation plan in attracting and retaining good employees and how to keep those plans from “working too well.”

MBA540 Managerial Economics

Module 8 Discussion

Describe an experience that you have had working on a team. As part of your response discuss how the team was evaluated. Also discuss whether or not the free-rider problem existed on your team. If it did exist also discuss how/if the problem was addressed. If the problem did not exist discuss why not or how the problem was managed.

MBA540 Managerial Economics

Ch. 1, 2, 3 or 4 Case Assignment

1. What are the potential sources of the problem?

2. What information would you want to analyze?

3. What actions might you recommend increasing the accuracy of the data entry?

4. How does your view of behavior affect how you might address this consulting assignment?

MBA540 Managerial Economics

Ch. 5, 6, 7, or 8 Case Assignment

Why the practice of tipping has emerged as a major method of compensating the wait staff?

Why the customer typically decides on the amount of the tip?

Why restaurants require tips from large parties?

MBA540 Managerial Economics

Ch. 9, 10, 11, or 12 Case Assignment

1. Provide an argument for why a more variable pricing policy might increase the sales from Apple’s Music Store?

2. Apple moved from one to three price point s in 2009? What type of songs do you think apple tends to sell at the lower prices?

3. Other potential pricing policies that might increase the revenue from the Music Store sales.

4. The risks and potential costs of implementing more sophisticated pricing schemes for the downloaded music?

5. Is Apple’s pricing objective to maximize the revenue it receives from the sales of downloaded music? Is this the objective of the major record companies? Explain.

6. Do you think that Apples ability to control the pricing of downloaded music is likely to change in the future? Explain.

MBA540 Managerial Economics

Ch. 13 or 14 Case Assignment

Chapter 16 Case Study- Analyzing Managerial Decisions: Why Teams Fail?

MBA540 Managerial Economics

Final Paper

Provide a description of the company at which you work(Ed).

Describe an “agency problem” (not just any problem) within the firm and discuss what you think is causing the problem and how the problem might be better controlled.

Causing the problem

How the problem might be better controlled.

Describe the job dimensions of the firm and discuss whether or not you believe the current design is appropriate for the firm. Discuss any suggestions you might have for improving the job design.

Describe the compensation package for executives/employees within the firm and discuss whether or not you believe that the compensation package is effective. Discuss any suggestions that you might have for improving the compensation package.

Describe the individual performance measures for executives/employees within the firm and discuss whether or not you believe that the performance measures are effective. Discuss any suggestions that you might have for improving the performance measures.