Production Economics and Decisions
"Production Economics" Please respond to the following:
Bill Gates Jr. and Bill Gates Sr. http://www(dot)youtube(dot)com/watch?v=DwE0wjNgVoo
Dr. Parick Dixon On Labor Motivation-- http://www(dot)youtube(dot)com/watch?v=l1t3yh6laO0
-another great video of Patrick Dixon on labor motivation-- http://www(dot)youtube(dot)com/watch?v=lA-ifiDuvls
"Production Decisions" Please respond to the following:
http://www(dot)npr(dot)org/2015/01/22/378884647/senator-astounded-that-nonprofit-hospitals-sue-poorest-patients
Economist article (Economist magazine is the world's most respected Business and Economics magazine (from England)http://www(dot)economist(dot)com/news/leaders/21607809-countrys-potential-growth-rate-barely-half-what-it-was-two-decades-ago-heres-how-raise?fsrc=scn/li/cp/pe/americaslostoomph
** These are two separate discussion questions**
Production Economics and Decisions
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Production Economics and Decisions
Response 1: Production Economics
Bill Gates, through Microsoft, made the dream of computers for everyone come true. In addition, products such as Linux would not be all over the world were it not for Bill’s Microsoft. According to Patrick Dixon, in order to double productivity, managers should apply the 80:20 rule. The 80:20 rule is a proven and practical way to increase productivity whereby the management should focus on the most important things. In this case, the small leadership actions will produce 80%...
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