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- 19. . is the second step in the MBO process. A) Reviewing plans B) Performance appraisal C) Task analysis D) Developing action plans E) Setting objectives(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?Please explain and elaborate the things below: Planning is an essential capacity of the executives. Each capacity of the board depends on arranging. "Planning is the method involved with building up objectives and a reasonable game-plan for accomplishing these objectives." Separate Your Company's Goals. Track Your Goals' Progress. Focus on the Company's Goals. Fabricate Your Company's Support System. Stay Flexible With Your Company's Goals. Watch out for Your Company's End Goal. Acknowledge Your Company's Imperfections.
- Read the given example and find out which plan is used in this example (Good news plan or Bad news plan). Justify and explain your answer in term of different stages of plan.Example:Hello John, I want to encourage you and let you know that we value your work and presence in the company. Company needs change and people have to change with them. Your position will be phased out over the next six months. We will see whether something is available for you by that time.Explain what a statement of values is and what is its importance in the company. Provide an example of a company's values statement. Explain what organizational objectives are and how they are classified. Mention the importance of managing change in organizations and briefly explain the change management process, according to Kurt Lewin's force field change model.discussTWO (2) practical initiatives that managers can adopt to boost the level of intrinsic motivation among their staff. Here are some tips that will help:1. Consider what is the existing best practice (if any) that you are trying to make better. This provides a contrast to help you highlight the strengths of your initiatives and what it improves.2. Use principles from theories to reason what needs improvement and why.3. Illustrate detailed examples of how these initiatives can be implemented in organizations.4. Discuss its practicality in terms of both feasibility and effectiveness.
- As a consultant to Karen, how would you recommend she address the four (4) issuesidentified in part 1 (1) at BLC. These solutions must be specific and realistic. You mustindicate why you have chosen these recommendations. Your recommendations mustbe backed up by strong evidence (course readings, discussions, outside research).By design, this POE is intended to awaken your inner creativity! You will walk the journey of anentrepreneur. Starting with nothing other than a problem, by the end of this POE you will have anentrepreneurial idea to solve the problem and a business plan that you can present to potentialinvestors to kick-start your business.We have provided you with selected areas of development/themes as per the National DevelopmentPlan. Consider any one of the areas/themes provided, with the view of coming up with a creative,realistic and innovative idea to help address a problem associated with your chosen area/theme. Theareas/themes provided below are quite broad and requires you to do some research beforeidentifying an angle that you would take on. For example, “Improving Education, Training andInnovation” (theme two), concerns several aspects such as early childhood development, furthereducation and training and higher education. Similarly, “Promoting Health” (theme three) extendsbeyond medical…By design, this POE is intended to awaken your inner creativity! You will walk the journey of anentrepreneur. Starting with nothing other than a problem, by the end of this POE you will have anentrepreneurial idea to solve the problem and a business plan that you can present to potentialinvestors to kick-start your business.We have provided you with selected areas of development/themes as per the National DevelopmentPlan. Consider any one of the areas/themes provided, with the view of coming up with a creative,realistic and innovative idea to help address a problem associated with your chosen area/theme. Theareas/themes provided below are quite broad and requires you to do some research beforeidentifying an angle that you would take on. For example, “Improving Education, Training andInnovation” (theme two), concerns several aspects such as early childhood development, furthereducation and training and higher education. Similarly, “Promoting Health” (theme three) extendsbeyond medical…
- 1. In this discussion forum we further explore the topic of rational actor paradigm, which asserts that individual managers respond rationally to their performance incentives. What if the incentive plan is misaligned with overall business objectives of the firm? The rational actor framework posits that the process will not produce desired outcomes because employees will respond rationally to the misaligned incentive structure. You are asked to apply this thought to sales personnel and the sales commission plans. Commission based compensation plans relies relatively more heavily on sales revenue and less on a base salary, while target-based compensation plans balance base salary alongside sales commissions. Consider the decision by management in selecting the right plan for their sales team. What if the company is in a “mature market” with longer sales cycles, unequal geographic potential, and sales is more of a team effort? In contrast, what if the company operates in a “high-growth…How would you describe the SMART principle?Acquired Needs Theory Worksheet Read the following cases and determine which of the four dimensions (Achievement, Power, Affiliation, and Autonomy) would be most important and which would be second most important when that person is making a decision about which action to take. Put your responses in the tables below each person. Be sure to give me specific information from the case to support your conclusions. BE CAREFUL NOT TO CONFUSE AUTONOMY WITH ACHIEVEMENT OR POWER. A. Martha Merriweather Martha has been with Performance Horizons for seven years, steadily moving up the corporate ladder. She was noticed early on by the CEO when she developed a new marketing plan that increased sales by 14%. Her current position involves developing strategic plans, and she has managed to enthuse many in the organization about the new mission of the company that she helped develop. Her long-range goals include working overseas for several years and helping to build up those…