ipl-logo

Mark Bertolini Case Study

828 Words4 Pages

ESSAY 3 Mark Bertolini is an American businessman and CEO of Aetna. AETNA is a Health and Life Insurance company. Established in 1853 in Hartford, Connecticut, USA. He ranked 32nd as the greatest business world leader. Mark Bertolini, believes that proper good pay, hiring a good worker can make a business organization successful. He’s enforcement of Change Management: 1. Announcing Aetna’s minimum wage hike, an increase of 11 percent. Some saw an increase of more than 30 percent. And it would cost $11 million per year. It was significantly and arguably the most noticeable wage hike since 1914, when Mr. Henry Ford, owner of Ford motors, doubled his line worker to 5 dollars a day. The first thing he did for this change was to gather data and ask the Human …show more content…

Before she became the CEO of yahoo, most of the employees work from home. But when she became the CEO last July 2012, she implemented the no work from home policy. In which she make a memo enforcing that all yahoo employee must report to the office. No more working at home. “All employees must and should report to office roles”. In order to implement it, she first ask the human resource director, Ms. Jackie Reses, to make a memo regarding the “no work from home policy”. In which, she believed that working in the office can boost the quality of decisions and business ideas. As she wrote, “some of the best and accurate decisions comes from the hallway and cafeteria conversation or discussions, meets some new friends or office mate and impromptu team discussions. For this change management policy, Mrs. Marissa Ann Mayer was heavily criticized. But because she believe that working in the office and not telecommunicating is the best and significant way to make a brilliant decision. And also, she believe that working physically together can unite the employee and can result to a good relation towards their

Show More
Related
420 Words | 2 Pages

Marissa Mayer is the CEO of Yahoo Incorporated, the juggernaut technology company. Mayer receives both praise and ridicule not only for becoming the first female CEO of the said company, but for the groundbreaking decisions made since appointed to that position. Mayer made headline news in February of 2013, mere months after being appointed to head of the multinational corporation; she discontinued employees’ freedom to work from their own homes. The main reason for the change was her desire for all employees to work in close proximity to one another. “Mayer has said she wants Yahoo to move more quickly, with teams focusing on collaboration and communication.

Read More
175 Words | 1 Pages

Due to this crash in economy, most companies did not stay in business for long. This situation made even the best paying company of Mr. Ford lower the paying wages of its employers by about 1 dollar every

Read More
446 Words | 2 Pages

In the iron and steel industry the employees worked for 10.67 hours for only a pay of $1.81. It costed $600 a year to support a 6 member family and that’s with lowest cost. That only $660.65 a year for a family of that size. In document 4 it shows that in while his employees worked long hours off their labor, Andrew daily wage was $92,000. His employees could only work in hopes they could make that much, while he made that just by having them work for him.

Read More
830 Words | 4 Pages

Employers like Henry Ford paid his workers $5 a week, a wage that was unforeseen during this time. However, his thought process was that his workers should be able to afford the Model T ’s they were producing. Luckily for him for foresight was correct, the annual sale of the Model T rose over 100K cars annually along with the cost of the car dropping from $700 to around $320. By 1915Americans were purchasing a variety of different devices, these included washing machines, vacuum cleaners, record players and automobiles.

Read More
549 Words | 3 Pages

Document 5 also supports this claim as it describes the demands of workers’, one of which is an adequate wage. In 1886 the American Federation of

Read More
1359 Words | 6 Pages

Workers endured conditions, “like the mouth of hell,” and suffered through, “inhuman,’ work for twelve hours a day. The furnace workers were paid $2.25 a day. Although this was above the national average in 1892, that wage was only paid to them two years after the strike. They also worked two hours longer than the average worker did. The men shoveling, and “two-thirds of the whole plant,” only made $1.40 per day, a little less than the average for all manufacturing industries even before the strike.

Read More
630 Words | 3 Pages

Andrew Carnegie saw something unfair one day, and decided he wanted to change something with it, and he did. In document 6, he was on a ferry boat with many other people and was asking each person how much money they made from their jobs. The people who had more dangerous jobs made around $1.40 or even less. The rest got around $2.25 a day. Some didn't even get paid.

Read More
625 Words | 3 Pages

On average a worker would make a few dollars a week, which lead a factory worker from Texas to write President Roosevelt, “ I can’t see for my life President why a man must toil & work his life out in Such factories 10 long hours ever day except Sunday for a small sum of 15 cents to 35 cents per hour & pay the high cost of honest & deason living expences,” (pg 171). This reality of people working for nothing needed to come to a conclusion. In order for the people to receive a higher hourly wage the government needs to implement a law that dictates the minimum amount of money a worker gets paid hourly. This amount needs to be determined based on the cost of living, and in order to prevent people from working for little to nothing in the future it needs to fluctuate with the cost of living. Owners of factories and other business will be upset and not follow the law, and that is why the government will need to be strict and enforce this minimum wage law.

Read More
856 Words | 4 Pages

No matter how hard directors and screenwriters try, it is impossible for any movie to be a perfect reflection of the detailed plot and intricate characters presented in a novel. I had watched the film adaption of Richard Matheson’s I Am Legend prior to reading the book, I was very aware of major differences from the get go. The to main categories that I could see differences being placed in were emotion and action. Many aspects of the book were changed to emphasize both either emotion or action for the film. Considering pieces of literature cannot be easily transferred to the screen, few of these changes were very necessary.

Read More
1993 Words | 8 Pages

Minimum wage would raise the wages of many workers and increment benefits what disadvantaged workers. An estimated 6.9 million workers would receive an incrementation in their hourly wage if the minimum rage were raised to $10.15 by 2015. Due to the spill over effect the 10.5 million workers earning up to a dollar above minimum wage would withal be liable to benefit from an incrementation. Women are the most astronomically immense group of beneficiaries from a minimum wage increase. Sixty percent of workers who would benefit from an incrementation are women.

Read More
1512 Words | 7 Pages

It would of been more suitable if the change was not instated, but now there is a lot of controversy. There are people protesting that the fifteen dollar increase in minimum wage will benefit overall. There are others, like myself, that believe that the increase will backfire on everybody by taxes increasing, product and items increasing, poverty increasing and unemployment increasing. With that being said, if nothing is done, there will be people going from riches to

Read More
670 Words | 3 Pages

One of the greatest effects of a $15 an hour minimum wage would be its impact on

Read More
1540 Words | 7 Pages

He added and extended Taylorism by increasing division of labour by simplifying the production process further by installing one-purpose machinery to make standard parts. By doing this, Ford sped up the production of cars and made it affordable to middle-class people too. Moreover, he showed that productivity could increase through more capital, higher wages, (by doubling wages to $5.00 which declined labour turnover by 40%), and improving the organisation of production. However, Fordism has been criticized for destroying craftsmanship and deskilling jobs, as well as causing workers’ stress due to the repetitive nature of the jobs. Taylorism and Fordism similarly shared an economic point of view of employees, who were assumed to only be motivated by financial rewards.

Read More
816 Words | 4 Pages

Developed in the early 1980s by Tom Peters and Robert Waterman, two consultants working at the McKinsey & Company consulting firm, the basic premise of the model is that there are seven internal aspects of an organization that need to be aligned if it is to be successful. The 7-S model can be used in a wide variety of situations where an alignment perspective is useful to help us: - Improve the performance of a company. - Examine the likely effects of future changes within a company. - Align departments and processes during a merger or acquisition.

Read More
925 Words | 4 Pages

It is this ability of the Indian billionaire that has ensured the unprecedented success of Reliance Industries, a conglomerate that was founded by the father of Mukesh Ambani but what was steered into unparalleled success by him.

Read More

More about Mark Bertolini Case Study

Related Topics

Open Document