6 Explain the fundamental types of managerial incentive schemes available in the principal-agent relationship. Which of these types is preferred? Justify your answer with an appropriate example.
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6
Explain the fundamental types of managerial incentive schemes available in the principal-agent relationship. Which of these types is preferred? Justify your answer with an appropriate example.
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- (1) Why is collaboration between employee andmanager essential to goal setting in MBO? (2) Howcan overly narrow goals and overly challenging goalscontribute to ethical lapses?Looking from a managerial perspective, why would a firm use a balanced scorecard in evaluating performance? What benefits would be derived from the use of this measure?As a business administration major what strategy would your team implement in the Capstone Simulation? Develop and post a strategy that would be best.
- 1. What three (3) personal values should a manager possess to improve the organization's success in achieving/fulfilling its primary purpose? 2. Assumptions are used by management methods such as the Logical Framework Approach (LFA), Cost-Benefit Analysis, and Cost-Effectiveness Analysis to provide inputs for managerial decisions and actions. What is the logic of employing an assumption in coming up with or creating inputs for management decisions and actions, given that it is not guaranteed to hold? Is there any way to avoid making assumptions?An important goal of the management control system is to motivate employees to work in thebest interest of the organization.A. Explain TWO (2) important reasons for evaluating performance, stating how they impactgoal congruence and employee effort. B. Define the following responsibility centres; (give an example for each):i. Cost centreii. Profit centreWhy the performance appraisal methods are important? Please explain the advantages and disadvantages of the Graphic Rating Scale, Management by Objectives (MBO), and Behaviorally Anchored Rating Scale (BARS).
- By reference to the data in part A:1. Return on investment (ROI), residual income (RI), and economic-value added (EVA)are performance measures for subunit managers. Discuss the relative merit of these performance measures?2. There may be a difference between the performance of a manager and theperformance of the organization subunit for which the manager is responsible. Why is it important to make this distinction?3. Do you agree with the general manager’s assertion that managers should be rewarded only on the basis of their performance measures with no fixed salaries? ExplainTERM PROJECT UNITED BISCUITS: GETTING GOOD PEOPLE AND KEEPING THEM1. What type of leadership style is Mr. Eric Nicoli using? Explain. Refer to chapter 8. 2. Regarding the three categories of needs that Mc Clelland identified in his theory, which categories of needs does Mr. Nicoli try to satisfy in his employees? 3. Identify the motivating factors described by Herzberg which are used to motivate the employees. 4. Douglas McGregor identified two types of managers: Theory X and Theory Y managers. What type of leadership role did Mr. Nicoli adopt? Explain.The term project has to be typed, double-spaced, 4 pages in length (does not include the cover page), and should be free of grammar and spelling errors. (If single-spaced, you need 2 pages plus the cover page)Please label the questions: Question 1 – Question 2 – Question 3 – Question 4.DO NOT EMAIL IT TO ME, DROP IT IN THE ASSIGNMENT BOX.PLEASE DO NOT USE DEFINITIONS FROM THE BOOK, AND DO NOT REPEAT THE QUESTION.s1. What is Management? What are the Managerial functions? Briefly explain the skills needed to be a successful manager?
- A compensation and reward system is mechanism by which manager gives fair and consistent treatment to employee discuss among yourselves and the following situation and answer the question would the new compensation and reward system be effective in boosting employee morale and productivity? why do you think so?During this week’s reading, you will be exposed to the Job Characteristics Model, which focuses on skill variety, task identity, task significance, autonomy, and feedback. Using the job characteristics model as a guide, discuss how a manager/supervisor can enrich or enlarge subordinates’ jobs. Also, discuss how the 360-degree performance appraisals/feedback process can be leveraged to improve employees’ performance. Additionally, how does the 360-degree help the manager to develop SMART goals for each employee?Today kang had a meeting with his manager sonja and sonja asked kang to resolve 50 tickets/day in the next month to archieve his performance target Kang ashed himself, "Do i have the capacity to deal with such high expectations?" According to the transacational stress theory, this is an example of_______ Please select all that apply, explain briefly Stressor Primary appraisal Secondary appraisal Role overload