Examples of efficient bargaining model in the following topics:
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- Through collective bargaining, employers and employees negotiate the conditions of employment.
- Different economic theories provide a number of models intended to explain some aspects of collective bargaining:
- The right-to-manage model, developed by the British school during the 1980s (Nickell), views the labor union and the firm bargaining over the wage rate according to a typical Nash Bargaining Maximin.
- The efficient bargaining model (McDonald and Solow, 1981) sees the union and the firm bargaining over both wages and employment (or, more realistically, hours of work).
- Define the monopoly union model, the right-to-manage model, and the efficient bargaining model as theories of collective bargaining
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- Consequently, the firm can be seen as always bargaining with customers for the firm's potential profits.
- The firm is in the strongest bargaining position when it understands its buyer's needs.
- For example, a firm that has many competitors offering a similar product will have customers with significant bargaining power.
- For this to be a powerful bargaining tool for the customer, the switch from one firm to another must be cost-efficient and easy.
- If it is expensive or burdensome to switch products, customers will also lose bargaining power.
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- Twenty years ago, the DuPont corporation decided to transition from a progressive focus on internal safety and environmental regulations at the company's various factories, to a more holistic approach that could be fully integrated into the business models of its numerous branches and subsidiaries.
- Taken as a first step toward sustainability, waste elimination (and prevention)may not seem very glamorous; however, it has proven, time and again, to not only increase quality, facilitate innovation, and lower resource and disposal costs, but also reduce pollutants and the expense of pollution in the bargain (which is why environmentalists are so enamored with the subject).
- Intel states that similar efficient air-cooling can cut the power costs of a 10 megawatt data centre by $3 million thereby eliminating hundreds of thousands of tons of greenhouse gases and their costly damage.
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- The first rule in setting up a lean and efficient production line is ‘don't overbuy'.
- Before buying large machinery, find out if smaller, more efficient machinery is more economically feasible.
- Buying a cheaper piece of equipment is not always the bargain it seems.
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- The marketing model is a management orientation which maintains that the fundamental task of the organization is to determine needs and wants of customers in the target market and adapt the organization as a whole to satisfy their customers more effectively and efficiently.
- Satisfying customers more efficiently and effectively than competitive companies increases the chances of the organization's success.
- The marketing model is an approach whereby companies create value for their customers.
- An application on how this model is applied in marketing is shown Exhibit 13 below.
- Based on your engineering capabilities you must define your manufacturing process that delivers the right product in the most efficient and economical way.
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- As a result, it is a basis for quoting and bargaining prices.
- It is necessary for developing efficient accounting systems, but its most important use is that it provides a method to compare the values of dissimilar objects.
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- Productivity, or the efficiency of production, is important because it can drive increases in output and improvements in living standards.
- Productivity is a measure of the efficiency of production.
- In explaining and operationalizing, a set of production models are used.
- A production model is a numerical expression of the production process that is based on production data (i.e., measured data in the form of prices and quantities of inputs and outputs0.
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- Ensure all electrical equipment (even coffee makers) is energy-efficient.
- Buy remanufactured, energy-efficient computers, copiers, fax machines, etc. instead of new models whenever possible.
- A monitor that is 5 cm smaller than a larger model can reduce electricity consumption by as much as 30%.
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- Freemium has become a popular model for Web 2.0 companies to market their products.
- The model is particularly suited to software as the manufacturing cost is negligible, so – as long as significant cannibalization is avoided – little is lost by giving it away for free.However, this term for the model appears to have been created only much later, in response to a 2006 blog post by venture capitalist Fred Wilson summarizing the model:Give your service away for free, possibly ad supported but maybe not, acquire a lot of customers very efficiently through word of mouth, referral networks, organic search marketing, etc., then offer premium priced value added services or an enhanced version of your service to your customer base.Jarid Lukin of Alacra then suggested the term "freemium" for this model.
- Many online games have also adopted a freemium model.
- Beau Hindman from massively.com writes, "Why is this business model a good one to go with as a developer?
- Badoo is an international dating and discovery site that also uses the model.
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- Replace all light bulbs with energy-efficient light bulbs.
- Replace all office equipment with energy-efficient alternatives.
- The shop also replaced its lighting with energy-efficient bulbs (reducing the number of bulbs, yet doubling the store's brightness), replaced old ice makers and water heaters with efficient models, and tinted the building's windows.
- Check to see if your business is eligible for energy-efficient tax incentives.
- Typically, tax credits are awarded for installing energy-saving technology and equipment, using hybrid vehicles, adopting efficient heating and cooling systems, switching to solar (or wind) energy systems – and/or for making efficient constructions or renovations.