Scott's Management 250 Blog http://blog.case.edu/scott.moyer/ This is a description of Management 250 class throughout the year. en-us Mon, 11 Dec 2006 02:04:26 EST Mon, 11 Dec 2006 02:04:26 EST scott.moyer@case.edu scott.moyer@case.edu http://blogs.law.harvard.edu/tech/rss Movable Type v3.121 Management Wrap-Up http://blog.case.edu/scott.moyer/2006/12/11/management_wrapup To wrap up management 250 for the year I would say it was an well run, productive class that taught... http://blog.case.edu/scott.moyer/2006/12/11/management_wrapup MGMT250 case cwru Case Western Case Western Reserve University Mon, 11 Dec 2006 02:04:26 EST To wrap up management 250 for the year I would say it was an well run, productive class that taught me interesting aspects of running a business. I learned the proper way to hire an employee, create a network with possible clients, and the way to write a case analysis. I was lucky to be involved with the mock interview process that taught me the importance of a business interview. Last but not least, I learned how to run a human resource department of a company from the HR simulation. Management 250 was an excellent class that taught me a lot of business tactics that I would apply if I owned a business.

]]> Information Systems Used As Marketing Devices http://blog.case.edu/scott.moyer/2006/12/11/information_systems_used_as_marketing_devices Information systems have been described as devices used to gather, distribute, and analyze data with the possibility of future usage... http://blog.case.edu/scott.moyer/2006/12/11/information_systems_used_as_marketing_devices MGMT250 case cwru Case Western Case Western Reserve University Mon, 11 Dec 2006 01:59:57 EST Information systems have been described as devices used to gather, distribute, and analyze data with the possibility of future usage of that data. The future usage could be a board meeting (Groove Officespace), Graphs/Charts (Microsoft Excel), or Buying/Selling items (eBay). All of these are appropriate uses of information systems, however I want to describe information systems in a different way: as devices to enhance the way a business’s marketing department operates. As we've learned in management 250, a marketing manager would be in charge of using and applying the correct information systems that would increase profit levels. He would suggest using the internet to market or advertise your business on sites such as Google or Yahoo. You can use email to release the newest products to probable users. Finally, you can use classifieds in the newspaper to market your individual business or products. Information systems are excellent marketing resources as long as business managers use them correctly.

]]> My Motivation To Work http://blog.case.edu/scott.moyer/2006/12/04/my_motivation_to_work “If I produce at a high rate and benefit the company to the best of my ability, will my work... http://blog.case.edu/scott.moyer/2006/12/04/my_motivation_to_work MGMT250 case cwru Case Western Case Western Reserve University Mon, 04 Dec 2006 09:30:37 EST “If I produce at a high rate and benefit the company to the best of my ability, will my work be noticed and rewarded?” This is the one question I ask myself when evaluating my motivation to work for a certain company. In management 250, Professor Johnson discussed that motivation can also come from wage raise, benefits, and excellent training programs. SHe also presented examples of when certain jobs provide more motivation to employees than others. For instance, we discussed working for an insurance company, where meeting your monthly quota and receiving pay through commission provides excellent motivation to be successful and do productive work. As I said before, my motivation to work is to be productive enough to earn rewards and sufficient pay to live a successful and happy life. I want to work at a job that increases my motivation to be successful more and more everyday.

]]> The Decision To Fire An Employee http://blog.case.edu/scott.moyer/2006/12/04/the_decision_to_fire_an_employee The decision to fire an employee should be based on the one factor of productivity. If an employee is producing... http://blog.case.edu/scott.moyer/2006/12/04/the_decision_to_fire_an_employee MGMT250 case cwru Case Western Case Western Reserve University Mon, 04 Dec 2006 09:18:59 EST The decision to fire an employee should be based on the one factor of productivity. If an employee is producing at an efficient rate and causing your business no problems, than he or she should remain with the company. However, if an employee is failing to produce and causing the company problems, he or she should be let go. As a manager responsible for hiring and firing, you will be blamed for insufficient productivity from a respective employee you hired. In management 250, we discussed the multiple ways of hiring and firing employees and agreed firing should not be based on race, religion, or sex. You should not take into account their life outside the company. It should be based on the key factor of whether or not they are producing at a rate that is beneficial to the company.

]]> Information System's Impact On Business http://blog.case.edu/scott.moyer/2006/12/04/information_systems_impact_on_business Information systems have influenced business in a positive way. The internet, cellular phones, and business machines have increased the efficiency... http://blog.case.edu/scott.moyer/2006/12/04/information_systems_impact_on_business MGMT250 case cwru Case Western Case Western Reserve University Mon, 04 Dec 2006 09:09:37 EST Information systems have influenced business in a positive way. The internet, cellular phones, and business machines have increased the efficiency with which business is managed. To quote management 250, managers need to apply the newest technology to their work in order to be a succesful conductor of business. For instance, if you want to stay up to date on the stock market or the business world, the information you need is just a click away. You can purchase stock in five minute and gain information about the world because of the internet. Also, you can get vital information and alerts from your cellular phone. In order to communicate in this fast paced world, it is important to understand how to use the new and improved information systems.

]]> Selecting The Correct Market Segment To Increase Profitability http://blog.case.edu/scott.moyer/2006/11/09/selecting_the_correct_market_segment_to_increase_profitability The ability to choose a market segment that will produce the most profits is essential to any business. For instance,... http://blog.case.edu/scott.moyer/2006/11/09/selecting_the_correct_market_segment_to_increase_profitability MGMT250 case cwru Case Western Case Western Reserve University Thu, 09 Nov 2006 15:18:26 EST The ability to choose a market segment that will produce the most profits is essential to any business. For instance, if you are a toy company that manufactures toys for children ages 1-10, your target market segment would obviously be for children under the age of eleven. Taking this into account, you would not advertise your products on television channels like MTV and VH1. You would advertise on television channels like Nickelodeon, Disney, and Cartoon Network. To ensure success of the company, you would not waste money on advertising to teenagers. The key to increase profits would be to show children your outstanding products on television channels and magazines that they in fact watch and read. This was a rather obvious example; however, choosing the proper market segment is one of the most important steps to improve profit levels for a business. Determining exactly who you want to market your product to is a key management and marketing principle.

]]> Mock Interview Process http://blog.case.edu/scott.moyer/2006/11/09/mock_interview_process The mock interview process was very helpful to my knowledge of a practical business interview. My interview was held at... http://blog.case.edu/scott.moyer/2006/11/09/mock_interview_process MGMT250 case cwru Case Western Case Western Reserve University Thu, 09 Nov 2006 15:01:19 EST The mock interview process was very helpful to my knowledge of a practical business interview. My interview was held at the Peter B. Lewis building and conducted by graduate accounting student Kamieka Hairston. The interview process began by her asking me who I am, what I plan to do in the future, and how I plan to get there. She then asked me a series of questions and required me to respond using the STAR (situation, task, action, results) method. My answers were thorough and I maintained excellent eye contact throughout the interview process. When the interview was completed, Kamieka told me I did an excellent job. She said the only thing I need to work on is speaking clearly. This mock interview allowed me to discuss my accounting aspirations with a student who has already completed her degree in accounting. It also helped me become aware of the interview process and the types of questions a possible employer may ask.

]]> Evaluating Choices Made In Baseball and Business http://blog.case.edu/scott.moyer/2006/11/08/evaluating_choices_made_in_baseball_and_business Major League Baseball has been linked to some of the most unethical acts in recent history. The corking bat issues,... http://blog.case.edu/scott.moyer/2006/11/08/evaluating_choices_made_in_baseball_and_business MGMT250 case cwru Case Western Case Western Reserve University Wed, 08 Nov 2006 09:21:43 EST Major League Baseball has been linked to some of the most unethical acts in recent history. The corking bat issues, steroid issues, and pine tar issues have slowly begun to take over the headlines of professional baseball. Instead of focusing on the dominant, talented players, sports networks tend to speak on these issues more and more frequently. Sammy Sosa, one of the top ten homerun hitters of all time, cracked his bat early in a game and it was discovered that the bat was corked. Rafael Palmeiro, one of the most respectable faces of baseball, tested positive for anabolic steroid use. Kenny Rogers, an outstanding pitcher for the Detroit Tigers, was recently seen using pine tar to produce better movement on his pitches during the World Series. All of these examples have begun to destroy the image of baseball. The same can be said for the unethical acts in the workplace. For example, Ken Lay of Enron used fraud and conspiracy to gain an advantage and now Enron no longer exists. Before making a decision, we must evaluate the possible consequences. Whether it is on the baseball field or in the business office, our decisions must produce ethical results.

]]> Ethical Job Choices http://blog.case.edu/scott.moyer/2006/11/01/ethical_job_choices The idea of switching jobs within the same industry is an ethical issue that may or may not affect me... http://blog.case.edu/scott.moyer/2006/11/01/ethical_job_choices MGMT250 case cwru Case Western Case Western Reserve University Wed, 01 Nov 2006 09:44:01 EST The idea of switching jobs within the same industry is an ethical issue that may or may not affect me in the future. For example, I have been offered a job from Prudential, but am really looking for a job offer from Merrill Lynch. I accept the job offer from Prudential and six months later Merrill Lynch offers me a similar position. What should I do? Because both companies are found within the same industry, they may communicate and realize that both aren’t interested in me. If I do switch jobs, take information from Prudential to Merrill Lynch to give Merrill the competitive advantage, I could be sued and it would be considered ethically wrong. If my boss at Merrill Lynch forced me to gain information from Prudential, could I do it? The answer is absolutely not. I would stay with my first job choice because the opportunities from Prudential could grow in the future and I would be avoiding the ethical situation of switching jobs across the same industry.

]]> Employee Training-Coaching/Learn By Example http://blog.case.edu/scott.moyer/2006/10/24/employee_trainingcoachinglearn_by_example In management class, we discussed the multiple ways employees can learn how to do a job efficiently and to the... http://blog.case.edu/scott.moyer/2006/10/24/employee_trainingcoachinglearn_by_example MGMT250 case cwru Case Western Case Western Reserve University Tue, 24 Oct 2006 01:42:55 EST In management class, we discussed the multiple ways employees can learn how to do a job efficiently and to the best of their abilities. My group chose to talk about the coaching and learning by example method. Basically, we found the positive effects from this method involve receiving the proper help and on-the-job training from a co-worker or boss who is proven and efficient at the job you are pursuing. An example of this concept would be working as a graduate assistant (GA) for a University’s football team. Your graduate school tuition is paid for and you receive excellent, on-the-job training from proven college football coaches. The only draw back from the coaching aspect would be learning by example from a co-worker or boss who continuously cuts corners and fails to do the job correctly and efficiently. Learning by example is the direct method that I hope is available to me when I enter the work force.

]]> Management 250--Summary Of Class To This Point http://blog.case.edu/scott.moyer/2006/10/11/management_250summary_of_class_to_this_point I would say management 250 class would be considered a success to this point. Management has already taught me many... http://blog.case.edu/scott.moyer/2006/10/11/management_250summary_of_class_to_this_point MGMT250 case cwru Case Western Case Western Reserve University Wed, 11 Oct 2006 09:32:03 EST I would say management 250 class would be considered a success to this point. Management has already taught me many different topics like beginning to focus attention on my career, the importance of having teams, and the positive effects motivation has on our daily lives. As a class, we have experienced the career center first hand and a beneficial networking exercise with fellow classmates. Lastly, we have begun to get essential experience in the human resources field through the HR simulation with our respective teams. Management, thus far, has done an excellent job in teaching me the basics of business. It has already taught me how to apply these business basics outside of the classroom.

]]> Motivation Can Lead To More Positive Outcomes http://blog.case.edu/scott.moyer/2006/10/10/motivation_can_lead_to_more_positive_outcomes Motivation is an excellent word I would describe as the main driver when applying more hard work than necessary to... http://blog.case.edu/scott.moyer/2006/10/10/motivation_can_lead_to_more_positive_outcomes MGMT250 case cwru Case Western Case Western Reserve University Tue, 10 Oct 2006 22:35:12 EST Motivation is an excellent word I would describe as the main driver when applying more hard work than necessary to achieve “impossible” goals. Motivation exists everywhere in the world: the classroom, athletic fields, and even the workplace. In the classroom, motivation can inspire an average student to elevate his or her study skills in order to achieve above average scores. On the athletic field simply being labeled the underdog is sometimes enough motivation to lead a team to an improbable victory. Finally, in the workplace, workers can be motivated to work harder and more efficiently by a possible pay raise or promotion. Motivation works like a light switch. Once it kicks on, the applied hard-work increases and the once distant goal seems that much more reachable.

]]> Teams-Essential To Individual Success http://blog.case.edu/scott.moyer/2006/10/10/teamsessential_to_individual_success Being part of a team is important to a lot of events in life. Whether it’s in the classroom, athletic... http://blog.case.edu/scott.moyer/2006/10/10/teamsessential_to_individual_success MGMT250 case cwru Case Western Case Western Reserve University Tue, 10 Oct 2006 10:07:16 EST Being part of a team is important to a lot of events in life. Whether it’s in the classroom, athletic field, or the workplace, teams play an essential role toward individual success. As we discussed in management 250, teams work together to set meeting times, meet to compile information, and produce a well-written analysis. However, this is not always the case. There can also be dysfunctions of teams in which members continuously miss meetings and fail to respect what the team leader says. Everyone on the team must buy into the goals laid out by the team leader in order for the team to be successful. When each member does his or her part, the group will efficiently complete their work on time. Team, in my opinion, is an acronym that means “together everyone achieves more.”

]]> Employment Law http://blog.case.edu/scott.moyer/2006/09/29/employment_law Recently in Management 250 class we discussed employment law and the process of hiring an employee the legal way.... http://blog.case.edu/scott.moyer/2006/09/29/employment_law MGMT250 case cwru Case Western Case Western Reserve University Fri, 29 Sep 2006 14:33:46 EST
Recently in Management 250 class we discussed employment law and the process of hiring an employee the legal way. The first key that was described is that the employer can use equal employment opportunity to hire an employee. Equal employment opportunity implies that employers can’t discriminate against applicants because of race, gender, or disability. As a class, we examined a specific case of disregard for EEO when a woman with MS was turned away from the job although she could do the job better than the employee whom was hired. This example showed me the difficulties that businesses face during the hiring process. The employer has to follow the four-fifths law and accepts the burden of proof when a lawsuit is filed against them. The final issue we discussed involves the problem businesses are starting to experience with the baby boom generation’s large exit from the workforce. Overall, I learned the importance of businesses giving a fair interview and hiring the best person for the job regardless of race, gender, or disability.

]]> Networking Introduction http://blog.case.edu/scott.moyer/2006/09/22/networking_introduction On last Wednesday, Management 250 class took part in a beneficial networking exercise. We were instructed to make a business... http://blog.case.edu/scott.moyer/2006/09/22/networking_introduction case cwru Case Western Case Western Reserve University Fri, 22 Sep 2006 14:17:17 EST On last Wednesday, Management 250 class took part in a beneficial networking exercise. We were instructed to make a business card, wear business clothing, and practices networking techniques on other students. The networking event consisted of Weatherhead instructors and Career Center directors teaching us the steps to make positive business contacts. They went over how to approach a possible business contact, how to begin the conversation, and how to keep the contact interested in what you are saying. The whole goal of networking is to offer an attribute that is beneficial to your possible contact. Kevin Carduff delivered us the most important networking point of the day: people love talking about themselves; therefore, asking your possible contacts about themselves will ensure a successful conversation and hopefully open up a business network. Networking is a daunting task that can be conquered with the essential steps introduced to us last Wednesday.

Some of the business networking essentials explained to us included making eye contact through the entire discussion, listening to what the contact is saying, asking about events going on in the contact’s life, and obtaining the contact’s business card for future references.

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