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We can work on HR Ethics: High-Tech Firms Collude to Limit Employee Pay
Several high-tech firms in Silicon Valley violated antitrust laws by agreeing that they would not try to hire each otherâs employees. This limited employeesâ job options and income.
How should companies address the possibility of bidding wars when trying to retain top talent? How should HR professionals or general managers help address this issue? What compensation strategies would enable companies to attract and retain good employees without having to worry about bidding wars? How should the needs of employees be addressed in these strategies?
Sample Solution
company can only purchase what the suppliers provide. This gives the supplier a high bargaining power. To sustain in this competitive industry, A2 milk can get supplies from multiple suppliers, more flexibility within its supply chain. Or they can encourage better relationship with the supplier can benefit on both sides. The extend of rivalry between competitors This factor determines competitive level in the industry, whether does the firms have control over the prices of goods and services (My Accounting Course, 2019). If the rivalry among the existing companies in this industry is intense it will result to decrease in prices and profitability. A2 Milk operates in a very competitive industry. This competition does take toll on the overall long term profitability of the organization. To stay in such a competitive market, A2 Milk needs to focus on differentiating its products so that competitors will have less effect on its customers that seek its unique products. As the industry is growing, A2 Milk can focus on new customers rather than winning the ones from existing companies. The A2 Milk can conduct market research to understand the supply-demand situation within the industry and prevent overproduction. Conclusion on Industry Analysis In conclusion, by analysing all the five competitive forces of A2 Milk strategists can gain a complete picture of what impacts the profitability of the industry. They can identify trends earl>
company can only purchase what the suppliers provide. This gives the supplier a high bargaining power. To sustain in this competitive industry, A2 milk can get supplies from multiple suppliers, more flexibility within its supply chain. Or they can encourage better relationship with the supplier can benefit on both sides. The extend of rivalry between competitors This factor determines competitive level in the industry, whether does the firms have control over the prices of goods and services (My Accounting Course, 2019). If the rivalry among the existing companies in this industry is intense it will result to decrease in prices and profitability. A2 Milk operates in a very competitive industry. This competition does take toll on the overall long term profitability of the organization. To stay in such a competitive market, A2 Milk needs to focus on differentiating its products so that competitors will have less effect on its customers that seek its unique products. As the industry is growing, A2 Milk can focus on new customers rather than winning the ones from existing companies. The A2 Milk can conduct market research to understand the supply-demand situation within the industry and prevent overproduction. Conclusion on Industry Analysis In conclusion, by analysing all the five competitive forces of A2 Milk strategists can gain a complete picture of what impacts the profitability of the industry. They can identify trends earl>
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