Compare and contrast different strategic control-and-reward systems.
■ Strategic control-and-reward systems are internal governance mechanisms put in place to align the incentives of principals (shareholders) and agents (employees).
■ Strategic control-and-reward systems allow managers to specify goals, measure progress, and provide performance feedback.
■ In addition to the balanced-scorecard framework, managers can use organizational culture, input controls, and output controls as part of the firm’s strategic control-and-reward systems.
■ Input controls define and direct employee behavior through explicit and codified rules and standard operating procedures.
■ Output controls guide employee behavior by defining expected results, but leave the means to those results open to individual employees, groups, or SBUs.
Needs help with similar assignment?
We are available 24x7 to deliver the best services and assignment ready within 3-4 hours? Order a custom-written, plagiarism-free paper
Order Over WhatsApp
Place an Order Online