Reputation system

64) This motto leads us to understand why this company has been around for so long, always keeping a high standard on their products whilst maintaining an ever-growing customer base. Mr. Lincoln believed in giving customers and his employees, the best quality products at reasonable prices. This tends to have the positive chain reaction of making customers want to come back to the company to obtain their products. This sort of behavior creates a good reputation for the firm, in turn attracting more and more customers. The company would then become extremely solid and stable. This stability alongside a Team and People oriented culture would breed a sense of loyalty from their employees and their customers alike. Mr. Lincoln was very aware of the fact that humans tend to come back to a supplier if the product offered is of an extremely good quality and if more importantly, this standard is maintained through time. This has helped the company become one of the world 's best in its field. The company 's standing and reputation, its extremely good salaries, benefits and overall good Team oriented culture decreases employee turnover and increases staff 's loyalty. There are also in-house promotional, educational and even Lincoln Electric stock buying opportunities. The chance to own small parts of the company helps employees understand how the company works and how profits or losses are made. Staff go about their tasks in a more responsible, no-time-wasting and…

Without tactically coming up with ways in promoting the new range of toys, Thompson Toys could face a serious downfall. The success in promoting new toys is the consequence of trustworthy and skilful marketing visions, exhaustive analyses and comprehensive planning. The SWOT analysis is used for strategic planning, marketing and product development. Therefore, the SWOT analysis can determine whether we should launch new range of toys for 9-11 age group or not. Internal environment Strength…

Honor is a human construct. It is used to evaluate one’s worth and set expectations. Reputation, notoriety, dignity, honor: these all define one’s place in society, but they are not intrinsic. In Shakespeare’s play, Hamlet, various characters struggle with their honor. Laertes’s honor leads him to act irrationally, Hamlet’s honor finally inspires him to act, and the patriarchal society’s idea of Ophelia’s honor destroys her. Hamlet has a complex attitude towards honor, admitting that its…

Substitution between monitoring and reputation When the risk of moral hazard is high, the employer prefers to choose the contractor with a high reputation, because the reviews and feedbacks from previous employers help to alleviate information asymmetry and serve as signals of the reputable contractor’s expected effort level [28]. However, when the IT-enabled monitoring system is available, the function of the reputation system might be substituted by the monitoring system because the…

Iago is shown to have a good reputation, an honest and loyal man to Othello and the society, but that does not mean it is the reality. Othello believes Iago without knowing his true nature and refers to others "Iago is most honest," (2.3.7). Iago is shown to be trustworthy in the past because he has not deceived anyone, and proved his loalty to Othello with several years of service for him. Also being the reason why Othello believes in him. Since Iago has a good reputation and is respected by…

How important is your reputation for you? Many people assume that your reputation is one of the most important things that you can have. In the book the Crucible, there are many people who think that their reputation is the most important thing ever. There are three characters that you can see do this through the book. Are reputation really that important that you doing anything to keep a good one, even if you know that you have done badly, or you try hard to convince people that you still have…

the following points: 1) Overall experience with the simulation 2) Strengths of the simulation 3) Weaknesses of the simulation 4) Key opportunities to improve the simulation In the second part of the memo I will summarize the tactics and the strategies I used in relations to: a) Bids and contracts b) Procurement c) Production d) Shipping e) Hiring and training f) Decision support systems…

In Shakespeare’s play, Othello, Iago’s reputation played an important role. Iago knows very well that reputation means everything to Othello and Cassio and he uses this knowledge to plot a sequence of catastrophic events to ruin their reputation. He ruins theirs and builds up his in order to be "trustworthy" enough to carry out his plan. All the characters think Iago is an “honest man” but in reality he is the complete opposite. By analyzing how Iago claims to be someone he’s not, it is clear…

been the use of drugs to help improve an athlete’s performance. For example, athletes such as Alex Rodriguez and Barry Bond are prime examples of athletes who used enhancement drugs to make them perform better. These athletes looked like leaders of their sport but then after testing positive to drug usage they had their captain like reputations ruined forever. Although I acknowledge it’s justifiable that everyone may have equal access to particular enhancements, it comes with a price. Athletes…

Salem while also combating his desire to maintain his reputation is similar to the men struggling to fight against their wives obsessed with Instagram while also maintaining their reputations as good husbands. Through a range of different techniques, these two texts also show the conflicting importance of justice and reputation in times of strife. Throughout the text The Crucible, many of the characters motivations are both politically based as well…