Efforts to accurately and completely describe the job of managing have met with considerable frustration. One of the areas of discussion, for example, is mentoring. Many feel managers should be mentors. Others disagree about the details. Why do you think the job of managing has proved so difficult to pin down? Which of the ideas and models offered so far do you believe to be the most useful in guiding management development? Support your choice. Explain your answer fully and incorporate material from this week’s readings where appropriate, to help support your answer. (1 to 2 Paragraphs)
Discuss the changing purposes and needs for labor unions in the light of federal and state legislation protecting non-union and union workers and new employment trends. Read the lecture notes for help and then post your reactions and suggestions.
Market efficiencies and inefficiencies happen all around us. Consider the definition of perfect competition and give an example from your personal life.
Now, consider the four sources of market failure and examine how each led to an inefficient allocation of resources. Take a moment to look around you and give an example for each of the four sources of market failure. Why do you feel these are good examples?