Reduction of incentive conflicts between division managers is an advantage of basing incentive compensation of division managers on divisional or companywide profit.
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Reduction of incentive conflicts between division managers is an advantage of basing incentive compensation of division managers on divisional or companywide profit.
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- Discuss the concept of Total Cost of Ownership (TCO) in IT resource acquisition, and explain how it factors into decision-making for IT investments.A. Assuming that sales personnel are paid on a commission basis, which product should they sell? B. On the basis of maximizing gross profit per unit, which product should be sold? C. To maximize total profit for the firm, which product should be sold?Suppose that for the past two weeks, your department has been developing policy changes. During this time, your colleague was on vacation and did not participate in the process. When he returns, he doesn’t agree with a number of items and wants them changed. Because the policy changes are due the next day, which of the following would you use to approach this conflict? Thoroughly explain why you selected this option and how you intend to use it. Accommodation. Avoidance. Collaboration
- Explore the concept of Total Cost of Ownership (TCO) in IT resource acquisition. How is TCO calculated, and why is it important for decision-making in IT investments?Flexibility is one of the performance objectives at an operational level. Illustrate with examples.Could you explain the below answer in short?
- Describe the staffing competencies needed for hiring team members in the back-end revenue cyclePerformance management is a systematią process that involves defining, assessing, and enhancing the performance of individuals and teams within an organization. It aims to align individual and team goals with organizational objectives, monitor progress towards those goals, and provide feedback and support to improve performance. Performance management typically includes setting clear performance expectations, establishing key performance indicators (KPIs). conducting regular performance evaluations, and recognizing and rewarding achievements. It also involves addressing underperformance through coaching, training, or disciplinary action when necessary By implementing effective performance management practices, organizations can optimize productivity, foster employee development, and ultimately achieve their strategic goals Question: How can performance management contribute to employee engagement and retention within an organization?One of the other departments or functions within an organisation is referred to as servitization. Which of the following statements describes servitization. Select one: a. A transformation process wherein production organisations embrace a service orientation and/or develop more and better services b. Selling the goods or services of the organisation c. Purchasing raw materials, machinery and equipment for the organisation d. Providing management with the relevant information that will enable it to manage effectively and efficiently
- SCENARIOA steel-working organisation operates 30 steel-working plants globally, including a plant located on the outskirts of a large town, where you are employed.This steelworks contains many different workshops that cover the whole steel-producing process. This involves repair, maintenance, fabrication and welding of large steel structures.Within the fabrication and welding workshop an overhead crane is used to move heavy steel into position. There are signs on this crane stating that only trained workers can operate it. Workers understand that manual handling and mechanical lifting aids should be considered first, with the crane only used as a last resort.The workforce consists of 20 workers. These include a general workshop manager (GWM) and 2 workshop supervisors. There are also 3 apprentices, who are not trained in the use of the crane.In your new role, you work in the fabrication and welding department as the Health and Safety Manager, reporting to the GWM. The GWM does not…SCENARIOA steel-working organisation operates 30 steel-working plants globally, including a plant located on the outskirts of a large town, where you are employed.This steelworks contains many different workshops that cover the whole steel-producing process. This involves repair, maintenance, fabrication and welding of large steel structures.Within the fabrication and welding workshop an overhead crane is used to move heavy steel into position. There are signs on this crane stating that only trained workers can operate it. Workers understand that manual handling and mechanical lifting aids should be considered first, with the crane only used as a last resort.The workforce consists of 20 workers. These include a general workshop manager (GWM) and 2 workshop supervisors. There are also 3 apprentices, who are not trained in the use of the crane.In your new role, you work in the fabrication and welding department as the Health and Safety Manager, reporting to the GWM. The GWM does not…SCENARIOA steel-working organisation operates 30 steel-working plants globally, including a plant located on the outskirts of a large town, where you are employed.This steelworks contains many different workshops that cover the whole steel-producing process. This involves repair, maintenance, fabrication and welding of large steel structures.Within the fabrication and welding workshop an overhead crane is used to move heavy steel into position. There are signs on this crane stating that only trained workers can operate it. Workers understand that manual handling and mechanical lifting aids should be considered first, with the crane only used as a last resort.The workforce consists of 20 workers. These include a general workshop manager (GWM) and 2 workshop supervisors. There are also 3 apprentices, who are not trained in the use of the crane.In your new role, you work in the fabrication and welding department as the Health and Safety Manager, reporting to the GWM. The GWM does not…