![]() ![]() ![]() ![]() There is no evidence presented that a current lack in research and development funds is holding the company back from maintaining profit margins. The second key flaw with this argument is around the assumption that reallocating funds from the benefits and incentives package into research and development will result in increased profitability for the company. Does your competition have a similar benefits and incentives package, and if so, are they able to maintain profitability? Was there a loss in revenue over the last two years? Was there an increase in hard costs, regulatory costs, or any other type of cost that could be impacting the bottom line of the company? And per employee, what is the cost to the company of offering better benefits and incentives? If those questions were answered we could draw a better conclusion in regards to the relationship between the company’s profitability and the introduction of the current benefits and incentives package. A few questions that would be helpful to have answered are the following. These could include rising costs of hard goods, higher competition, a change in leadership, and many other factors. There are many reasons why the Ready-to-Ware company may have declining profits. Without any factual evidence to back this claim up, it simply cannot be taken as a fact. The argument heavily implies that the benefits and incentives that is currently offered is a reason for the company’s decline in profits. The first key flaw with this argument is around the idea of their decline in profitability. Without this additional information, this argument rests solely on assumption and not fact. There are a few key assumptions in their argument that require additional information to be validated. Additionally, they believe the benefits package is unsuccessful in recruiting and training high-quality staff and that by offering a reduced package, they can increase profitability by reallocating funds to their research and development. Their stance is that the current benefits package is too expensive and is a possible reason for a decline in company profits. The argument presented by the Ready-to-Ware company has some validity in theory however, it lacks key information that would assist in identifying whether the reasoning is truly valid. You can also discuss what sort of evidence would strengthen or refute the argument, what changes in the argument would make it more logically sound, and what, if anything, would help you better evaluate its conclusion. ![]() For example, you may need to consider what questionable assumptions underlie the thinking and what alternative explanations or counterexamples might weaken the conclusion. In your discussion be sure to analyze the line of reasoning and the use of evidence in the argument. To become more profitable again, Ready-to-Ware should, therefore, offer the reduced benefits package that was in place two years ago and use the savings to fund our current research and development initiatives.ĭiscuss how well reasoned you find this argument. Moreover, the package had little positive effect, as we have had only marginal success in recruiting and training high-quality professional staff. Our quarterly profits have declined since the package was introduced two years ago, at the time of our incorporation. The package of benefits and incentives that Ready-to-Ware offers to professional staff is too costly. The following appeared in a memorandum from the director of research and development at Ready-to-Ware, a software engineering firm. One of my (anonymous) students wrote a 6/6 essay (as graded by GMAT Write) in response to an official GMAC essay prompt, and has kindly allowed me to share his work on GMAT Club for the benefit of all. ![]()
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