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Tuesday, March 5, 2013

Man 4720 Studyguide

P182
Potential downsides of motivating with rewards and incentives- The collective sum of individual behaviors of an plaques employees does not always result in what is better for the organization; that is, individual rationality is no guarantee of organisational rationality.
P183 (question will be pick the one that WAS NOT listed)
Characteristics of sound Reward and Evaluation Systems
* Objectives be clear; well understood, and in general accepted
* Rewards are clearly linked to per discrepancyance and desired behaviors
* carrying out measures are clear and highly visible
* Feedback is prompt, clear, and unambiguous
* The compensation system is sensed as fair and equitable
* The structure is flexible; it can align to changing circumstances
P184
To be effective, short-term objectives must cave in several(prenominal) attributes. They should:
* Be specific and measurable.
* Include a specific metre horizon for their attainment.
* Be achievable, yet challenging enough to spark managers who must strive to accomplish them.
P184
Along with short-term objectives, deed plans are critical to the implementation of chosen strategies.

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Unless action plans are specific, there may be little assurance that managers have thought through all the resource requirements for implementation their strategies.
P186
Situational factors- When the bill of an individuals output or performance is kinda straightforward, control depends primarily on granting or withholding rewards. Frequently, a sales managers compensation is in the form of a commission and bonus tied directly to his or her sales volume, which is relatively easy to determine.
P 186
Evolving from boundaries to rewards and culture
* First film the right people- individuals who already identify with the organizations prevalent values and have attributes consistent with them
* Second, training plays a pigment role
* Third, managerial role models are vital
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