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7 sneaky time management myths (and how to beat them)

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18 Sep

7 sneaky time management myths (and how to beat them)

Newer Katie Posh runs an upscale nail salon. The service process includes five activities that are conducted in the sequence described below. (The time required for each activity is shown in parentheses): Activity 1: Welcome a guest. (1 minute) Activity 2: Clip and file nails. (3 minutes) Activity 3: Paint. (5 minutes) Activity 4: Dry. (10 minutes) Activity 5: Check out the customer. (4 minutes) Three servers (S1, S2, and S3) offer the services in a worker-paced line. The assignment of tasks to servers is the following: S1 does Activity 1. S2 does Activities 2 and 3. S3 does Activities 4 and 5. The drying process does not require server 3’s constant attention; she/he needs to only escort the customer to the salon’s drying chair (equipped with fans for drying). The time to do this is negligible. There exists only one drying chair in the salon. Which resource is the bottleneck of the process?
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Older Are CEOs paid too much? Should their pay be regulated? Take a look at the Ethics & Strategy feature on page 240(strategic management and competitive advantage fifth edition). Do you think any one executive is worth the salaries that many of them earn? Some people say yes and others say no. Also, some argue that the financial crisis in 2008 was caused in part by the compensation financial company CEOs received in 2007? The basic argument is CEO compensation usually includes a stock option component and these options encourage CEOs to engage in risky activities (maybe too risky in the case of financial services) in order to increase the stock price. While increasing the stock price is usually in the best interest of investors, did CEOs of financial services companies take more than reasonable risks in the early 2000s in order to crank up the stock price and thereby pocket huge gains from cashing in their options? Provide good arguments for your stance. Do some basic research on this issue and provide one or two sources that back up your argument. (450 words & citation)