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The Fit Stop

In: Business and Management

Submitted By yuki317
Words 2274
Pages 10
Question: Which managerial strategy would be most effective for this firm. Given what you know about Susan Superfit, which managerial strategy do you think she would prefer to use? Does this match your choice?

Road Map to Effective Compensation
There are five steps to follow when developing an effective compensation system
Step 1
Understand your organization and your people
Step 2
Formulate your reward and compensation strategy
Step 3
Determine your compensation values
Step 4
Design your performance pay and indirect pay plans
Step 5
Implement, manage, evaluate, and adapt the compensation system
Each step is just one part of the total organizational system, each part must fit with and support the other parts. There are three variable patterns into which these parts can be arranged, each pattern represents one type of managerial strategy. Each managerial strategy then relies on a different reward and compensation strategy.
The three different managerial strategies are as follows;
* Classical- which assumes most employees are lazy and dislike work but can be convinced in order to satisfy their economic needs.
* Human Relations- assumes employees dislike work but can be induced to work in order to satisfy their social needs.
* High-involvement- assumes that work can be intrinsically motivating to employees if the organization is structured properly.
Each of the three managerial strategies has different implications for how the reward and compensations should be designed. In the case of the Fit Stop, it is a close choice between human relations and high-involvement. However, I believe that a High-involvement managerial strategy would be the best choice to implement. This strategy makes a major effort to create jobs that are both interesting and challenging and provide employees with control over the planning and execution of work...

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