I am a student in Professor Arvan's Econ 490 class. I am blogging under an alias to protect my true identity using the name of a famous economist for that purpose.
Test Post
Get link
Facebook
X
Pinterest
Email
Other Apps
Hello Professor Arvan, this is simply a test post to demonstrate the functionality of my blog.
Workplace discipline walks a very fine line, especially in today’s society. More than ever before, as a society we are becoming aware of the discriminatory practices and taking action against them to ensure equality for all. In the last post, we talked about how to share the marbles. Similarly, how to discipline may affect how the “marbles” are distributed amongst the workplace. Take for example a young man who starts working for a company with a commission-based structure. He is outperforming everyone in the organization and in turn, receives compensation and rewards that pull away from the other workers’ pay. However, the audit staff one day finds out that the young man had been engaging in toxic business practices, terminating his employment contract. This would, therefore, restore the payment to other workers. Obviously, there are a lot of variables at play here but imagine the business was operating in one city with a fixed number of customers, businesses, and pe...
Throughout my life, most of my interactions at work have fallen under the category of the standard principal-agent model. However, the position I had over the summer fits the triangle model quite well. As I discussed in my previous post, this past summer, I was a college financial representative for a mutual insurance company. A mutual insurance company is one in which the company is owned entirely by the policyholders. Therefore, as an associate, I worked as an agent for both my clients and the firm. I was quite literally an independent contractor working for the company, in which my tax form filed was 1098. From the company’s side, they expected me to do an exceptional job finding and scouting out new clients to meet sales goals. It was a process known as “building a book of business” in the sales world. Through these clients, they pushed me to do my best to sell the different products the company had to offer. Certain products were able to catch the company a g...
Throughout my educational and professional journey, I have always been involved in organizations. Some have been more structurally sound than others, with a strong hierarchy of administrators put in place. Others have had abusive management authority leading to negative externalities in the workplace. In the following paragraphs, I will touch on a few organizations to highlight the failures to optimize their overall success. Freshman year I took on a role working at a bar on campus which I still work at to this day. The overall structure of the promotional ladder is that you start out as a “door guy” which is at the bottom of the ladder. You do not have any respect from the workers or patrons of the bar. Your job is to simply overlook the customers and ensure a safe environment. At times you may be required to kick someone out of the bar or confiscate drinks from underaged students. However, the main role is to pick up cups and take out the trash after the bar has...
Comments
Post a Comment