Strategic Managment Job

 Essay about Strategic Managment Assignment

1) IS AN INCENTIVE PROGRAM APPROPRIATE? EXPLAIN YOUR ROLE? Answer: taking a look at the current scenario, incentive program is very suitable. This is because, that help the workplace to identify the different factors like motivation, expertise, recognition, etc . for an employee. Incentive plan can also be used to counter inability in the companies i. electronic. failure in meeting targets, poor behavior, or overall performance

2) IN THE EVENT THAT SO , SHOULD CERTAINLY THERE BE ONE, TWO OR SEVERAL PLANS?

Answer: There should be several incentives programs like point program, worker incentives (which can be used to enhance employee moral), sales offers (which can be used to drive sales and reduce costs and enhance profits). The other kinds of incentives can be group incentives. This is due to here, they should work in organizations.

3) WHO SHOULD BE INCLUDED?

Answer: For the incentive software, all the organizations and persons (employees, line managers and low series workers) ought to be included.

4) WHAT OUGHT TO BE THE BASIS FOR INCENTIVE REPAYMENT?

Answer: В performanceВ appraisal, manager's common sense, etc .

5) WHAT KIND OF INCENTIVES NEEDS TO BE INCLUDED?

Response: The various incentives that should be included here are gain sharing and profit sharing incentives. The other offers can be like cash returns, percentage increase in base pay out, and other noncash prizes.

WORK OUT 11. you

1) WHAT WERE THE REAL KEY VARIABLES YOU THINK ABOUT IN YOUR SELECTION OF AN INDIVIDUAL OR GROUP STRUCTURED PFP SYSTEM? Answer: The many variables which should be considered are as follows: a)workers values outcomes(money, prizes)

b) Outcome can be valued in accordance with other returns.

c) Wanted performance should be measurable.

В В  В В

d) Workers must be able to control rate of output or perhaps quality. В В В В e) Workers must be capable of increasing output or quality. В В В В f) Workers must believe that power to increase exists. В В В В g) Staff must believe that increased result will result in getting a reward. В В В В h) Size...

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