The major advantage of union strikes is that they allow workers to protest action by an employer that they feel is unfair without the risk of firing or punishment. A disadvantage of strikes is that they can cause financial damage to the company involved since no work is being performed.Know More
Labor strikes are a useful tool for a union when it negotiates a new contract or better working conditions for the workers whom the union represents. Striking protects workers from unfair action being taken against them when they speak out against unacceptable working conditions.
On the other hand, labor strikes can negatively affect many people beyond the company involved, explains How Stuff Works. For example, the 2005 New York City transit strike caused the shutdown of one of the world's largest transit systems for two days, leading to trouble getting around the city for millions of residents.Learn more about Managing a Business
Advantages of group meetings include that they create opportunities for participants to share information, as well as encouraging teamwork. The major disadvantage of group meetings is that they consume valuable time, which affects a company's productivity. Additionally, the lack of a leader in a group meeting may undermine its effectiveness.Full Answer >
Some advantages of mentoring a new employee in the workplace are that the mentee receives guidance from a more experienced employee on how to perform his new job functions and the employee makes less mistakes in assigned projects. There are also advantages for the employer because a well-trained new employee is more productive, states Dynamic HR Solutions. Some disadvantages of mentoring in the workplace can be when the mentor and mentee are a mismatched pair or the mentor has no interest in mentoring.Full Answer >
Licensing establishes businesses and individuals as reliable and trustworthy but leaves them subject to regulations and with little control over markets and even personal conduct. Licenses afford businesses and individuals some degree of legal protection by ensuring that their ideas and products are not reproduced by others or taken without credit.Full Answer >
Advantages of retrenchment include reduced costs, improved efficiency, improved competitiveness and reduced reliance on the markets. Retrenchment increases profits for shareholders and creates a strategy to survive economic downturn. The disadvantages of retrenchment include growth decline, reduced profits, smaller workforce, reduced productivity and inability to meet consumer demand.Full Answer >