...The goal of this essay is to discuss the importance of culture, the job, and organisational context in determining whether wage compression and symbolic egalitarianism are best. Pfeffer (2005) argues for wage compression and symbolic egalitarianism as two of thirteen management practices that lead to superior organisational performance, and the rationale and validity of his argument will be assessed in line with the work of Hofstede as applied to studies of multinational corporations. Pfeiffer’s arguments will be shown to be of limited application contingent on the context they are being applied to. Symbolic egalitarianism is a conscious strategic decision within the organisation to remove symbols of hierarchy and the differential valuing of employees. This can include decisions such as moving managers from their offices to open plan areas, reducing or removing tiers of titular status, or status symbols attached to seniority or role. Pfeffer argues symbolic egalitarianism signals equality and improves communications, it “diminishes ‘us’ versus ‘them’ thinking” [ (Pfeffer, 2005, p. 101) ] which he believes creates a more collaborative environment with better information flow and cooperation due to the hierarchical barriers between employees and managers being removed. Organisations make a strategic choice in their remuneration and reward programs to enforce either hierarchical or egalitarian culture. Egalitarian systems allow earnings to increase without employees having...
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...Individual Research Paper: Employee Incentives The purpose of this paper is to discuss incentive programs for teachers. In a society where education is more important as ever, public school districts should be thinking of new ways to encourage their teachers to remain in the educational field. Teachers are leaving their desired profession to find employment that has enhanced incentives. According to Management-People, Performance, Change, “a growing number of companies are launching inititives so that employees can balance their family and work life. The most common inititives are redesigning work, alternative work arrangements, leaves, time-saving assistance, emotional well-being, financial assistance, legal assistance, relocation, health benefits, wellness, parenting, childcare, child develepment, exceptional care giving services, and handling family issues in the office.” In order to preserve respected, qualified, and experienced teachers, incentive programs for educators need to be improved. The school district I will be discussing has 18 schools. According to Connecting Business to the Future website, the school district “is one of the newest school districts in their state. In 2008, it was surveyed to have more than 15,500 and 2000 staff members.” The school district is the 2nd largest employer in their county. I interviewed two high school teachers, and one principal from the school district. They all agreed there is a large turn over with teachers and one...
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...Chapter 1 Overview of the 21st century workplace - Organizations must adapt to rapidly changing society > like in 2003 there was so wireless but now its changing now most of the business rely on wireless communication - Economy is global and driven by innovation and technology > you need new original ideas (innovative) High performing companies gain extraordinary results from people working for them Interdependent, knowledge based > Depend on each other as a part of organization Study question 1 what are the challenges of working in the new economy > intellcutual capital people are the ultimate foundations of orgzanitional performances intellcutual capital is the collective brain power or shared knowledge of a workforce that can be used to create value A knowledge worker adds to Globalization . National boundaries of world business have largely dissappeared . globalizations is the worldwide interdependence of resource flows,product markets and business competition that characterisitv that characterize the new company Technology . Continuing transformation of the modern workplace throughout > the internet (having social network websites to market product) > worldwide web (exchange of stocks) > computers > information technology .Increasing demand for the knowledge workers with the skills to fully utilize technology Diversity: >workforce diversity reflects differences with respect to gender , age, race, ethnicity, religion,sexual orientation...
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...functions of management (planning, organizing, leading, and controlling). Internal factors are factors that affect the workings inside the business like accounting functions, leadership style, management changes, and procedures on how the business operates. Internal factors are important to how you run a business. The basic universal language are the accounting principles. You must understand the function of this to know how to run the business. A company’s leadership style impacts organizational culture. Leaders have to be able to communicate effectively. Also, the strength of the employees is an important internal factor. Hard-working and talented workers produce better results for a business. Procedures deal with how you execute your plans or objectives. External factors are factors outside the scope of the business that affects the business like the political risk, systemic risks, economic risk, etc. External factors deal with all that is outside the business that can influence the business. The political risk can influence through lobbying through congress to change laws. The by-laws are important as well. This...
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...MANAGMENT ACCOUNTING Launchbreak LTD 1. Be able to analyse cost information within a business 1.1 classify different types of cost 1.2 use different costing methods 1.3 calculate costs using appropriate techniques 1.4 analyse cost data using appropriate techniques 2. Be able to propose methods to reduce costs and enhance value within a business 2.1 prepare and analyse routine cost reports 2.2 use performance indicators to identify potential improvements 2.3 suggest improvements to reduce costs, enhance value and quality 3. Be able to prepare forecasts budgets for a business 3.1 explain the purpose and nature of the budgeting process 3.2 select appropriate budgeting methods for the organisation and its needs 3.3 prepare budgets according to the chosen budgeting method 3.4 prepare a cash budget 4. Be able to monitor performance against budgets within a business 4.1 calculate variances, identify possible causes and recommend corrective action 4.2 prepare an operating statement reconciling budgeted and actual results 4.3 report findings to management in accordance with identified responsibility centres COMPANY BACKGROUND Launchbreak LTD is a small manufacturing company that makes cakes, which are sold to supermarkets and grocery stores. You work as an accounts manager at Launchbreak LTD, reporting to the general manager. 1.1(a) Managment accounting is one kind of accounting which is designated to provide business leaders...
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...Indian Institute of Technology – Kharagpur Human Resource Managment Assignment - 1 Date - DEBANJAN MUKHOPADHYAY Vinod Gupta School of Management 13BM61K11 , KOLKATA Question 1. Discuss what do you think of the measurable criteria that Lisa and the CFO set for their new incentive Plan. Answer 1. The measurable criteria that Lisa and the CFO set for their new strategy oriented incentive Plan to differentiate between high performing and low performing employees could be based on the few of the following points : a. Speed, efficiency , promptness and timely service to the costumer . b. The behaviour put forward while serving the customer and friendly gestures and wishes. c. Delicacy i.e. not only about how fast the service but also include how delicate it was . d.The employees attitude towards Patience about costumer or Complaint Resistance about costumer complaint . e. The responsiveness of the employees as how they attended to their post after rest or when their time shift comes i.e On Time / On post . Again based on the aforesaid behaviors the manager could look at few of the outcomes like : a. Increasing the...
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...Sony Asmath Suggests five questions leaders should use to evaluate their organization and make changes, covering mission, customers and their values, results, and plans. This very book was created to challenge readers to take a closer look into their hearts f their organization and what drives them. A tool for self-assesment and transformation, answering these five question will fundamentally change the way that you work helping you lead your organization to an exceptional level of performance. Peters question are What is our mission? 2. Who is our customer? 3. What does the customer value? 4. What are our results? 5. What is our plan? These essential questions grounded in Peter Drukers theories of management will take readers on the exploration of organizational and personal self-discovery giving them the means to assess how to be, how to develop quality, character, mindset, values and courage. The questions lead to action. By asking these questions, readers can focus on what they are doing in their work and how to do it better. Designed for todays busy professionals First established as the Peter F. Drucker Foundation for Nonprofit Managment, the Leader to Leader Institute's mission is to strengthen the leadership of the social sector. In collaboration with its partners in the private and public sectors, the Institute furthers its mission by providing social sector leaders with the essential leadership wisdom from all sectors and the resources needed to lead for...
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...Running Head: OPERATIONS MANAGEMENT Operations Management MMBPL502 Patricia Schroeder January 23, 2012 Introduction Kathy Kudler, the Founder of Kudler Fine Foods, has decided to expand her business by contracting with local growers of organic produce. Kathy has requested that I report what steps need to be taken and what operational changes will be necessary if Kudler decides to pursue this business path. The report should identify those business processes at Kudler that could be affected by this decision and explain how they would be affected. It should describe how Kudler’s supply chain would be affected by this decision and finally, it should describe the quality control tools and performance standards that Kudler would need to put in place to ensure the effectiveness of its operations. Business Process It is useful to categorize processes to describe how a process is designed. By being able to quickly categorize a process, we can show the similarities and differences between processes. Make-to-order – this process is activated only in response to an actual order. Inventory (both work-in-process and finished goods) is kept to a minimum. Make-to-stock – this is a highly efficient process that produces standard products that can be delivered quickly to the customer. Hybrid – this process combines the features of both make-to-order and make-to-stock (Chase, Jacobs, Aquilano, 2005). Inventory Control Each of Kudler’s individual...
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...need to show that they can evaluate the links between strategic marketing and corporate strategy and provide examples of those links. 2.1 Assess the value of models used in strategic marketing planning. For AC2.1, learners need to research the models used in strategic planning. They will need to make judgments and assess the value of the models for strategic marketing planning. 2.2 Discuss the links between strategic positioning and marketing tactics. For AC2.2, learners need to understand that when strategic plans are put into operation, dayto-day tactical decisions have to be made. In their discussion, they need to provide examples of how tactics are related to strategic positioning decisions. 2.3 Analyse the merits of relationship marketing in a given strategic marketing strategy. For AC2.3, learners need to show that they understand the nature of relationship marketing. They need to discuss the place of relationship marketing in a strategic marketing plan and then...
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...and explore the idea that if the base monetary compensation of an employee is not on-par with what the employee believes they are worth, are non-salary based motivational techniques and rewards both intrinsic and extrinsic, enough to keep that employee from feeling underappreciated and dissatisfied with their working environment (Rodgers, et al., 1992). This report also proposes recommendations, and critically evaluates these proposals, in order to clarify the need of having an effective employee compensation review process in place as well as worthwhile non-monetary based motivational techniques and rewards plans. This report will argue that by incorporating a well-structured salary review program monitored by the use of Key Performance Indicators and goal setting, overseen by a Management by Objectives approach, as well as non-monetary based motivation and reward plans such as Google’s, would provide the best platform for managers and the business as a whole to take full advantage of its human capital and increase the productivity and levels of motivation among its staff (Rodgers, et al., 1992). Research would indicate...
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...& Economy, 2010) . Ethics is important when preparing a budget because integrity is essential to accountants because they provide information that users must trust to be right. User of the accounting information cannot directly assess the quality of that information (Horngren, Sundem, Stratton, Burgstahler, & Schatzberg, 2008 p. 30) . If the information provide is biased then the information is no use or value to the user. Ethical considerations in the preparation and subsequent use of the budget Code of ethics requires an ethics analysis for performance tool to avoid any conflict of interest and bias within a budget. Conflict of interest, include the use of position for personal gain and solicitation or receipt (Menson, 1990). Budgeting process is to be conduct in a correct manner and follow the guidelines of the code of ethics. Code of ethics standards must be implemented in Guillemor flexible budget plan. Ethical concern of budget managers are also concern of process rather than policy-making. Issues such as honesty and fairness deals with how the decision is made rather than the decision itself References Horngren, C. T., Sundem, G. L., Stratton, W. O.,...
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...the business that may hinder the organization from meeting its goals is a vital activity for managers and key to keeping employees productive. Proper planning will help to keep the business running efficiently and effectively and give purpose to the organization. (Thorn, 2012) Planning will reduce uncertainty as external forces that may affect the business have been taken into account during planning. Proper planning by management also clarifies what everyone does within the organization, and will help prevent overlapping activities to reach the goals that have been set. Planning for management is an ongoing role. As external factors affect the business, someitmes the plans that have been established need tobe modified. Organizing is critical for management and usually follows the formulating of plans....
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...communication plan. The steps are to set the stage for acceptance, create the frame for information to be interpreted, manage the mood for employee’s emotional state, and reinforce the desired changes. In order for management to set the stage, they need to be upfront and honest. Regardless of what the plan to be executed is and what type of news you have to give, it is always best to give the truth to the employees as soon as you know what the possibilities are. A pro to sharing all the news upfront as well is if there is a potential for bad happenings, employees will be motivated to perform stronger to prevent the negative possibility from occurring. By setting the stage, management needs to be able to present the needed change, convince the employees the change is necessary for improvement, and prove the decision being made is the right one for the company and for the employees. Also, management needs to be committed to the project and the change because “No lasting change will be made without such commitment (Barnes, NP). The frame for information is used to provide structure for new plans that are happening within an organization. Common examples of frames include company presentations, radio interviews, or in the case outlined in the article, company-wide emails or memos. A great way to benefit from building a frame and including employees in the change is that it allows for participation within a group to improve the changes occurring and create a better plan to utilize...
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... 1. Types of structure: matrix, functional, and divisional 2. Advantages and Disadvantages of each C. Internal and External factors 1. Size 2. Location 3. Services provided D. Importance of communication 1. Communication effects organizational structure 2. Success of the organization III. Steps involved in organizational planning and functions of management A. Process of transforming organizational objectives into specific management strategies and tactics designed to achieve the objective. B. Five steps that are used to properly plan and implement change within the organization C. Steps can be used in presentation scenario IV. Strategies and/or methods needed to influence organizational change and minimize conflict A. Organizational change 1. Set up additional training for employees 2. Offer rewards for meeting goals, maintaining strengths, and improving weaknesses 3. Update operating systems and...
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...Consultant, and Consultant accepts engagement, to provide to Company the following services: Engineering, Marketing, Sales, Construction, Planning, Project Managment, Management, Budgeting, Training, and any related areas per agreement 2. Term. Consultant shall provide services to Company pursuant to this Agreement for a term commencing on 12, September, 2013 and ending on 12, September, 2015. 3. Place of Work. Consultant shall render services primarily at Consultant's offices, but will, upon request, provide the services at Company offices or such other places as reasonably requested by Company as appropriate for the performance of particular services. 4. Time. Consultant's daily schedule and hours worked under this Agreement on a given day shall generally be subject to Consultant's discretion, provided that Consultant and Company anticipate that Consultant shall work on average [Expected Time Working] hours per week in the performance of services pursuant to this Agreement. Company relies upon Consultant to devote sufficient time as is reasonably necessary to fulfill the spirit and purpose of this Agreement. 5. Payment. Company shall pay Consultant TBA for services performed pursuant to this Agreement. Payment shall be made per side agreement and MOU. Consultant shall bear all of Consultant's expenses incurred in the performance of this Agreement. 6. Covenant Not to Compete. During the term of this Agreement and for a period of Post project payment thereafter, Consultant shall not...
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