...CHAPTER 12 INCENTIVE SYSTEMS Questions, Exercises, Problems, and Cases: Answers and Solutions 1. See text or glossary at the end of the book. 2. The major characteristics of divisional compensation plans include: cash bonuses and profit sharing plans based on short-term performance, deferred compensation incentives for long-term performance, and special awards for particular actions or extraordinary performance. 3. Expectancy theory holds the view that people will act in ways that they expect will provide them with the rewards that they desire and prevent the penalties that they want to avoid. 4. Intrinsic rewards come from within the individual, whereas extrinsic rewards come from outside the individual. Intrinsic rewards include the sense of satisfaction from doing a good job or the satisfaction of doing a good deed. Extrinsic rewards include pay, promotions, praise from one’s boss, and praise from a customer. 5. The four basic perspectives of the balanced scorecard are (1) the learning and growth perspective, (2) the internal business process and production perspective, (3) the customer perspective and (4) the financial perspective. 6. Fraudulent financial reporting is intentional conduct that results in materially misleading financial statements. The two key concepts in the definition of fraudulent financial reporting are (1) the conduct must be intentional or reckless, and (2) the misstatement must be material to...
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...visit here: http://www.activitymode.com/product/cmgt-555-entire-course/ Contact us at: SUPPORT@ACTIVITYMODE.COM CMGT 555 ENTIRE COURSE CMGT 555 Week 1 DQs CMGT 555 Week 2 Feasibility Study CMGT 555 Week 2 - Team Project Plan CMGT 555 Week 2 DQs CMGT 555 Week 3 - Gathering Requirements CMGT 555 Week 3 - Project Plan Update CMGT 555 Week 3 DQs CMGT 555 Week 4 - Individual Paper CMGT 555 Week 4 - Project Plan Update CMGT 555 Week 4 DQs CMGT 555 Week 5 - Individual Paper CMGT 555 Week 5 - Project Plan Update CMGT 555 Week 5 DQs CMGT 555 Week 6 - Team Paper CMGT 555 Week 6 - Team Presentation Activity mode aims to provide quality study notes and tutorials to the students of CMGT 555 ENTIRE COURSE in order to ace their studies. CMGT 555 ENTIRE COURSE To purchase this visit here: http://www.activitymode.com/product/cmgt-555-entire-course/ Contact us at: SUPPORT@ACTIVITYMODE.COM CMGT 555 ENTIRE COURSE CMGT 555 Week 1 DQs CMGT 555 Week 2 Feasibility Study CMGT 555 Week 2 - Team Project Plan CMGT 555 Week 2 DQs CMGT 555 Week 3 - Gathering Requirements CMGT 555 Week 3 - Project Plan Update CMGT 555 Week 3 DQs CMGT 555 Week 4 - Individual Paper CMGT 555 Week 4 - Project Plan Update CMGT 555 Week 4 DQs CMGT 555 Week 5 - Individual Paper CMGT 555 Week 5 - Project Plan Update CMGT 555 Week 5 DQs CMGT 555 Week 6 - Team Paper CMGT 555 Week 6 - Team Presentation Activity mode aims to provide quality study notes and tutorials to the students of...
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...visit here: http://www.activitymode.com/product/cmgt-555-entire-course/ Contact us at: SUPPORT@ACTIVITYMODE.COM CMGT 555 ENTIRE COURSE CMGT 555 Week 1 DQs CMGT 555 Week 2 Feasibility Study CMGT 555 Week 2 - Team Project Plan CMGT 555 Week 2 DQs CMGT 555 Week 3 - Gathering Requirements CMGT 555 Week 3 - Project Plan Update CMGT 555 Week 3 DQs CMGT 555 Week 4 - Individual Paper CMGT 555 Week 4 - Project Plan Update CMGT 555 Week 4 DQs CMGT 555 Week 5 - Individual Paper CMGT 555 Week 5 - Project Plan Update CMGT 555 Week 5 DQs CMGT 555 Week 6 - Team Paper CMGT 555 Week 6 - Team Presentation Activity mode aims to provide quality study notes and tutorials to the students of CMGT 555 ENTIRE COURSE in order to ace their studies. CMGT 555 ENTIRE COURSE To purchase this visit here: http://www.activitymode.com/product/cmgt-555-entire-course/ Contact us at: SUPPORT@ACTIVITYMODE.COM CMGT 555 ENTIRE COURSE CMGT 555 Week 1 DQs CMGT 555 Week 2 Feasibility Study CMGT 555 Week 2 - Team Project Plan CMGT 555 Week 2 DQs CMGT 555 Week 3 - Gathering Requirements CMGT 555 Week 3 - Project Plan Update CMGT 555 Week 3 DQs CMGT 555 Week 4 - Individual Paper CMGT 555 Week 4 - Project Plan Update CMGT 555 Week 4 DQs CMGT 555 Week 5 - Individual Paper CMGT 555 Week 5 - Project Plan Update CMGT 555 Week 5 DQs CMGT 555 Week 6 - Team Paper CMGT 555 Week 6 - Team Presentation Activity mode aims to provide quality study notes and tutorials to the students of...
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...deliverables? Project initiation: develop/receive a system request and conduct feasibility analysis Project management: Develop work plan, staff project, monitor/control project Deliverables: project plan- describes how the project team will go about developing the system 4. Describe the principal steps in the analysis phase. What are the major deliverables? Develop analysis strategy: model current system, formulate new system Gather requirements: develop system concept, create business model Develop system proposal Deliverables: the system proposal; an analysis and a high-level initial design for the new system 5. Describe the principal steps in the design phase. What are the major deliverables? Develop design strategy Design architecture and interfaces Develop databases and file specifications Develop the program design to specify what programs to write and what each one will do Deliverables: system specification- architecture design, interface design, database and file specifications, and program design 6. Describe the principal steps in the implementation phase. What are the major deliverables? Construct the system: Build/Test it Install System: train users Support the system (maintenance) Deliverables: New System and Maintenance Plan 7. What are the roles of a project sponsor and the approval committee? project sponsor- person or department that generates the request to conduct a feasibility analysis approval committee- decides whether the project should be undertaken...
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...circumstances from internal and external influences. The second step concerns alternate plans and goals. This means that optional methods and goals are explored for future endeavors. Goals fall into categories known as SMART, which stands for specific, measurable, and time-bound. Plans are the methods used to achieve the goals set. Step three of the planning process entails managers reviewing the pros and cons of the plans and goals set. This is the point when managers establish priorities and eliminate potential risks. The fourth step is called the goals and plans selection, which means the best course of action is determined for reasonableness and feasibility. Implementing the plan is the fifth step, and this involves putting the plan into action. The action over a reasonable tome period will reveal if the plan needs changes, and specifically where. The last planning step is to monitor and control the process implemented to see if the action for the plan work s well enough to sustain the goal for the desired term. Planning also has different types as well as steps. Strategic planning is used for long-term planning. This allows a company to plan strategies for long-tern economic survival through strategic goals. Tactical and operational plans are implemented after strategies and strategic goals are determined. Tactical plans apply to middle managers and operational plans apply to frontline managers. The difference is that tactical planning is a broader...
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...1) According to Slack and Lewis, operations strategy holds the following definition “Operations strategy is the total pattern of decisions which shape the long-term capabilities of any type of operations and their contribution to the overall strategy, through the reconciliation of market requirements with operations resources” Operations strategy is a long range business plan for the company’s and which will provide road map to the operations functions to be pursued. Elements of operation strategy Operations strategy comprises six components: 1) Designing of the production system 2) Facilities for production and services 3) Product or services design and development 4) Technology selection, development and process development 5) Allocation of resources 6) Focus on facilities planning 1. Designing of the production system It involves selecting the product design, the production system and the inventory policy for the finished goods for each product line. A). Product Focused (Customized Design): Generally employed in mass production organizations, where there are groups of machine, tools and workers arranged according to their respective tasks in order to put together a product. B).Process Focused (Standard Design): It is designed to support production departments that perform a single task like painting or packing. These systems are highly flexible and can easily be modified to support other product design. 2. Facilities for production...
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...Case questions What are the strengths and weaknesses of scenario planning? What is your evaluation of UPS’s 1997 scenario planning exercise? Its Horizon 2017 planning exercise? How do the two efforts compare? Evaluate the following elements of UPS’s approach to strategic planning: The UPS charter The Centennial Plan The Strategy Road Map Why was John McDevitt put in charge of “strategic integration?” Should he remain in that role? What is the strength and weakness of scenario planning? Strength Build foundation for source of long term competitive advantage Provide backdrop of strategic decision (pg.6) • Acquisition of Mail Boxes Etc. Change mind-set • Make people think beyond the operational mind • Prepare to be proactive and creative Enable to be sensitive for change in external environment Alternative views of the future Provide and prepare the company for potential change in the future’s market. Weakness Lack of realism Requires learning curve to have adequate result Too abstract and difficult to apply Indirect linkage to daily operation or strategy Depend on participants’ motivation and knowledge Not point out the strengths and weakness of company What is your evaluation of UPS’s 1997 scenario planning exercise? Evaluation on 1997 Scenario planning Initiative to build foundation for source of long term competitive advantage Positive aspects • Become backdrop of UPS Charter and changed mission statement • Initiate...
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...Guidelines] MCA-6th Semester BCA-6th Semester PGDCA-2nd Semester And MBA-4th Semester IMPORTANT DATE S ynopsis Approval Last Date Project S ubmission Date MBA S ynopsis Approval Last Date MBA Project S ubmission Date : : : : 20/05/2011 27/07/2011 30/05/2011 10/08/2011 IMPORTANT INFORMATION MCA-6th S em Project Coordinator PGDCA-2nd S em Project Coordinator BCA-6th Sem Project Coordinator MBA- 4th S em Project Coordinator : Mrs Seema S rivastava : Mr.Gangesh Kumar :Mr.Deepak Mishra Ph:9451686685 :Mr. Jitendra Kumar Keswani Ph: 8081313153 SYNOPSIS GUIDELINE SYNOPSIS AND PROJECT GUIDELINES MCA- BCA- PGDCAMCA -6 BCA-6 & PGDCA -2 Synopsis Format 1. Introduction Of Project 2. Objective Of The Project 3. Scope Of The Project 4. Project Plan 5. The Existing System 6. Background Of The Organization 7. Current Problems 8. Areas For Improvement 9. Proposed System 10. Input/Output Requirement 11. Hardware And Software Requirement 12. Database Requirement 13. System Design 14. Tables And Fields For Database 15. Database Dictionary 16. E-R Diagram 17. ‘0’ Level DFD 18. ‘1’ Level DFD 19. Security Control 20. Future Scope Of The Project 21. Conclusion NIPS COLLEGE OF IT & MANAGEMENT ALLAHABAD Ph: 0532-3291133 th th nd 1 SYNOPSIS AND PROJECT GUIDELINES 22. Reference Or Bibliography Some Suggested Project Title 1. Bank Transactions Management 2. Hotel Management 3. Gas Agency Management 4. Office Automation 5. Railway Reservation 6. Computerization Course Registration...
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...Captain Jack Sparrow in Pirates of the Caribbean: "True enough, this compass does not point north." "...Where does it point?" "It points to the thing you want most in this world.” “If everyone is thinking alike, then no one is thinking.” Saskatchewan as a Player in the Global Resources Market in 2014 Jean-Pierre Colin Capital Markets Strategies JPColin@Sympatico.Ca Mobile: 416-573-4300 2 Synopsis Jean-Pierre Colin draws from his 34 years of experience and wisdom as an investment banker and mining executive to outline criteria for success for mining companies. He also discusses how junior mining company executives in Saskatchewan must “think differently” because: seemingly small decisions by management can affect corporate survival in these times of crisis in the financial markets the new sources of capital that have emerged in the last decade impose important changes in corporate strategy the mining industry in Saskatchewan as a group must promote innovative initiatives to enhance it’s continued importance in the provincial economy. IF EVERYONE IS THINKING ALIKE, THEN NO ONE IS THINKING 3 Survival of an Industry Charles Darwin: “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” Is this a down cycle or a fundamental and permanent shift in capital markets? For how long? What will make it revert? Who will survive? IF EVERYONE IS THINKING ALIKE...
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...achieving near term objectives. Because it helps define appropriate short-term actions, it is more likely that the same line manager, making the staffing decision will still be in place to collect the benefits of that decision later on. First of all, it is important to address staffing from a proactive, planning perspective and not just an implantation phase. Even though this approach may have been used before, it is no longer realistic for organizations to assume that the staff needed to implement its plans is readily available and quickly recruited, trained, and qualified to work. Some staffing limitations may impact the company’s ability to implement its plans. For instance, my organization requires that only registered nurses with advance life support certification are to be scheduled to work on sub-acute unit. If this requirement is impossible to fulfill and company is unable recruit a sufficient number of nurses with critical care skills then implantation plan may not be successful. These limitations should...
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...How to Create an Effective Change Management Plan Prosci's Change Management Toolkit is one of the most comprehensive guides for managers, project teams and consultants involved in change management. The toolkit includes detailed planning templates, readiness assessments and guidelines for building executive sponsorship and managing resistance. Templates include communication plans, training plans, sponsor roadmaps, coaching plans and resistance management plans. Based on research with more than 700 companies, The Change Management Toolkit is a leader’s guide that contains templates and guidelines to help you effectively employ change management and write a complete and professional change management plan. Assessment tools and implementation guidelines will help you implement an effective change management strategy.The Change Management Toolkit enables you to: * Manage the people side of change, not just the business side. * Develop a change management strategy for your project. * Create a communication plan. * Actively manage resistance to change. | Toolkit elements: * Change management overview - what is change management, why is it important, what can I do to manage change effectively * Assessments - tools for evaluating your change and your organization's readiness for change * Templates - critical document templates for planning and executing change management - provided on CD-ROM * Theories and perspectives - a practical discussion of change principles...
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...List and briefly discuss the stages of a multimedia project. Be sure to define the milestones that mark the completion of the phase. Firstly, you must develop a sense of its scope and content, having a rough idea in your head on how to design your project. Then I have to develop an organized outline and a plan that is rational in terms of the skills, time, budget, tools, and resources that I have in hand. Scheduling, once I have worked out with my plan that include the phases, tasks and work items that I feel will be required. I have to layout these elements along a timeline. This will usually include milestones at which certain deliverables are to be done. To create a schedule I must estimate the total time required for each task. After scheduling, estimating the cost of the project will be relevant to estimate the entire cost after the project has been completed. It is relatively simple matter to estimate cost and effort, For example, the manufacturing industry. Having a progressive accounts and billing will be saved to review the financial part of the project, for example preparing a cost sheet. Finally, write and structure the elements of the multimedia project. Potential clients do not have a clue about how to make multimedia, but they do have a vision on their project. As a project designer, I will know what, my clients want and how to satisfy them. I occasionally may encounter a more formal request of proposal. This are typically detailed documents from large corporation...
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...Time Management is very important especially in a busy person,making deadlines/quotas because you make plan so that everything will settled down according before or after the scheduled time. Time management Developing time management skills is a journey that may begin with this Guide, but needs practice and other guidance along the way. One goal is to help yourself become aware of how you use your time as one resource in organizing, prioritizing, and succeeding in your studies in the context of competing activities of friends, work, family, etc. First: try our exercise in time management: How do you spend your time each day? Strategies on using time: These applications of time management have proven to be effective as good study habits. As we go through each strategy, jot down an idea of what each will look like for you: * Blocks of study time and breaks As your school term begins and your course schedule is set, develop and plan for, blocks of study time in a typical week. Blocks ideally are around 50 minutes, but perhaps you become restless after only 30 minutes? Some difficult material may require more frequent breaks. Shorten your study blocks if necessary-but don't forget to return to the task at hand! What you do during your break should give you an opportunity to have a snack, relax, or otherwise refresh or re-energize yourself. For example, place blocks of time when you are most productive: are you a morning person or a night owl? ...
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...longer is it acceptable simply to make good products that satisfy customers while complying with laws and regulations. Businesses are now called upon to consider – and, indeed, intentionally to manage – the wider social and environmental consequences of their actions, beyond the requirements of the legal and regulatory settings in which they operate” (Charles River Center, 2008). Thus it is important for Charles River Printing (CRP) to include this concept into its sustainability vision and mission in order to make it as part of their daily operations and grow as a responsible company. To build the strategic planning practices (SPP) for CRP it is important to develop action plans, the timeline for its planning; the level of stakeholder engagement; the governance structure; risk assessment and mitigation plans; and most importantly measure its progress (Pojasek, 2013. p.1). While doing this it is important to integrate the policies and strategies with respect to the economic sustainability, social responsibility and environmental stewardship of the company. Moreover, the goals have to be aligned with the mission, vision and core value of the company and vice versa. The first step is to develop the SPP would be to understand that of its parent company RR Donnelley. The plant manager should try to align the SPP of CRP with the parent company to have a common methodology and then improvise the strategies, while keeping in mind the long term goals of the company. CRP can follow international...
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...developing a comprehensive set of plans to integrate and coordinate organizational work. The term planning as used in this chapter refers to formal planning. Types of Planning: * Informal – not written down, little or no sharing of goals with others in the organization * Formal – specific goals covering a period of time are defined II. Why do Managers Plan? Purposes of Planning * Planning gives direction * Reduces the impact of change * Minimizes waste and redundancy * Sets the standard used in controlling Planning and Performance * Generally speaking, however, formal planning is associated with positive financial results. * The quality of the planning process and appropriate implementation probably contribute more to high performance than does the extent of planning. * When formal planning has been shown not to lead to higher performance, the environment is usually the reason. * Organizations need at least four years of systematic formal planning before performance is impacted. III. How do Managers Plan? Elements of Planning A. Goals * Goals are desired outcomes for individuals, groups, or entire organizations. Goals are objectives–the two terms are used interchangeably. They provide the direction for all management decisions and form the criterion against which actual work accomplishments can be measured. B. Plans * Plans are documents that outline how...
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