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But as the weeks passed, I started to get a feel for the defense strategy, which made a kind of demented sense. The lawyers for Carollo, Goldberg and Grimm didnt even bother trying to argue the facts of the case. Instead, in one cross examination after another, they kept hitting the same theme. Despite the fact that the rigged bids resulted in lower returns, wasnt it true that the cities and towns still received, technically speaking, the highest bid?If a town received a 5. 00 percent return on a $219 million bond instead of 5. 04 percent, whos to say that wasnt a good price?John Siffert, the gray faced and unlikable attorney for Steve Goldberg, put it this way in his cross examination of CDR executive Stewart Wolmark.
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GMs vehicle to vehicle communication systemThe benefit of this portable system is that it allows drivers to see not only whats right in front of them, but also about a semi truck thats stalled a quarter mile ahead, hard braking drivers, slippery roads, upcoming intersections, stop signs and other as yet unseen hazards. In addition, DSRC equipped smartphones, carried by cyclists or pedestrians, could alert drivers to their presence ahead. The automaker says it is working on embedding these communications systems into new vehicles, but it is also looking at ways to retrofit the technology into vehicles that are already on the road. GMs vehicle to vehicle communication systemAccording to a study by the National Highway Traffic Safety Administration NHTSA, vehicle to vehicle communication systems could help avert nearly 81 percent of crashes in the United States. Third Brake LightIn 1974, psychologist John Voevodsky invented the third brake light, a brake light that is mounted in the base of rear windshields. When drivers press their brakes, a triangle of light will warn following drivers to slow down. This is the first published study showing that a third brake light reduces automobile accidents. Practical ApplicationThe National Highway Traffic Safety Administration NHTSA repeated Voevodskys experiment on a larger scale, and concluded that Center High Mounted Stop Lamps CHMSLs reduce accidents and injuries. As a result, the NHTSA now requires all new cars since 1986 and all new light trucks since 1994 to have a third brake light. To see just how well the CHMSLs worked, the NHTSA has charted police reported crash data from eight states, and has found that CHMSLs reduce rear impacts by 4. 3%.
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For managers it is important to include their customers with the way they price their models and they should take a collaborative pricing model into consideration. Furthermore, it would be a good idea for companies that use prototyping in their usual business processes to reconsider their pricing structure. As explained in the article, sometimes it is better to offer a free prototype of a product so that you can better understand the needs of your customers. Ikea. com n. d. , employees would have detected a discrepancy of their efforts and wage ratios with similar others which would lead to dissatisfaction. Also, this would explain that our social comparison of the most similar others would have the greatest impact but in the case of wages there seems to be the other primary factor of income level and what that means to an employee that determines level of satisfaction. During 2006, another research study applying Equity Theory in the workplace was conducted by professors from Cornell's School of Management, Eastern Michigan University's College of Business, and Penn State University's Department of Industrial and Manufacturing Engineering. The cross functional research offered a unique perspective toward best practices in "modeling and understanding line design" Schultz, Schoenherr and Nembhard, 2006 in the work entitled, Equity Theory Effects on Worker Motivation and Speed on an Assembly Line. The study was completed on the basis that equity theory indicates that workers react to and modify their work behavior based upon the speed or rate of the work of the people around them.
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21 41. 1999. CHO, C. H; PATTEN, D. M. The role of environmental disclosures as tools of legitimacy: a research note. Accounting, Organizations and Society. Vol. 32, p. 639 647. 2007.
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