"one best system"

Examples of "one best system" in the following topics:

• Incentive Systems for Employees

  • An incentive system is a business management tool that introduces a structured motivation system to promote desired employee behaviors.
  • Human resources (HR) professionals are tasked with using employee and organizational objectives to identify and implement the best employee incentive programs.
  • Incentive systems are often implemented to prevent and overcome poor performance, failure to meet organizational goals, poor morale, increased turnover, and the stress of increased demands on employees.
  • For example, a company built on innovation must inspire risk-taking without any guarantees of success.
  • Describe the purpose of an incentive system and learn how human resources professionals can assess organizational needs to select the best one

• Explaining Poverty: The Sociological Debate

  • The theory's answer is that all parts of society, even poverty, contribute in some way or another to the larger system's stability.
  • According to this logic, inequality ensures that the most functionally important jobs are filled by the best qualified people.
  • Second, this approach assumes that the system of stratification is fair and rational, and that the ‘best' people end up on top because of their superiority.
  • According to this theory, stratification benefits the rich and powerful at the expense of the poor—those in high-status positions continually build on their wealth, only further entrenching the gap between high-status and low-status people.
  • Conflict theorists believe that this competitive system, together with structural barriers to upward mobility ends up creating and perpetuating stratification systems.

• Securities Acts Amendments of 1975

  • For example, if the best two quotes in one market are superior to the best quote in another market, a portion of an incoming market order may still trade at the inferior market at the inferior price even though the second best quote on the superior market is still available.
  • Information on each securities trade is sent to a central network at the Securities Industry Automation Corporation (SIAC) where it is then distributed and consolidated with other trades on the same "tape".
  • The National Market System (NMS) is the national system for trading equities in the United States.
  • The order protection rule has generated controversies since it requires traders to transact on a trading venue at the lowest price rather than on a venue that offers the quickest execution or the most reliability.
  • Defenders of the rule argue that it really just requires what brokers should be doing if they are acting in their customer's best interests.

• Pay

  • By considering internal and external equity, a company can work toward a fair base pay system, attracting and retaining the best employees.
  • Imagine that see a job posted on the internet.
  • Imagine that see a job posted on the internet.
  • Traditionally, markets can be defined in one of three ways:
  • By following each of these steps, a company will have a fair base pay system, which will lead to attracting and retaining the best employees.

• The Systems Viewpoint

  • Systems thinking is an approach to problem solving that considers the overall system instead of focusing on specific parts of a system.
  • Systems thinking is the process of understanding how people and situations influence one another within a closed system.
  • Practitioners of systems thinking believe that the component parts of a system can best be understood, and best analyzed, in the context of their relationships with other parts of a system .
  • This method is opposed to a reductive framework that attempts to focus closely on a single problem.
  • Focus on the interaction of isolated problems with one another: just as separate gears work with each other, problems in one area can effect other areas in a system as well.

• Solving Systems Graphically

  • Some systems have only one set of correct answers, while others have multiple sets that will satisfy all equations.
  • Shown graphically, a set of equations solved with only one set of answers will have only have one point of intersection, as shown below.
  • Before successfully solving a system graphically, one must understand how to graph equations written in standard form, or $Ax+By=C$.
  • The best way to convert an equation to slope-intercept form is to first isolate the y variable and then divide the right side by B, as shown below.
  • This graph shows a system of equations with two variables and only one set of answers that satisfies both equations.

• Applications of Systems of Equations

  • Systems of equations can be used to solve many real-life problems in which multiple constraints are used on the same variables.
  • The answer to a system of equations is a set of values that satisfies all equations in the system, and there can be many such answers for any given system.
  • Second, there must be one teacher for every seven students.
  • Kasey picks three times as many sweet potatoes as Davis—and then, on the way back to the car, she picks up five more!
  • There are a multitude of other applications for systems of equations, such as figuring out which landscaper provides the best deal, how much different cell phone providers charge per minute, or comparing nutritional information in recipes.

• Public Choice: Median Voters and Inefficient Voting Outcomes

  • The study of voting systems is called voting theory.
  • Since not every voter participates in an election, not every voter will have full information, and not every voter will vote based on what s/he perceives as the best long-term outcome, voting outcomes may be inefficient.
  • Elections do not necessarily reflect the best long-term outcome, what the active voters thought was best given their criteria at the time.
  • It is a paradox because the wishes of the majority can conflict with one another.
  • The Condorcet paradox is used to evaluate voting systems.

• Motivating and Compensating Salespeople

  • Employees are best motivated through effective job design, equitable compensation, and treatment as stakeholders in the company.
  • This kind of incentive system is designed to help salespeople focus on their strengths, as well strengthen the customer service element of the business.
  • The first consideration for designing a compensation system is that the base pay system needs to be internally equitable.
  • Cash is one way to compensate employees, but cash alone is rarely enough payment.
  • Most compensation systems include "variable pay."

• Introduction to the Role of the Government in the Economy

  • America points to its free enterprise system as a model for other nations.
  • The country's economic success seems to validate the view that the economy operates best when government leaves businesses and individuals to succeed -- or fail -- on their own merits in open, competitive markets.
  • But exactly how "free" is business in America's free enterprise system?
  • Indeed, one enduring theme of recent American economic history has been a continuous debate about when, and how extensively, government should intervene in business affairs.