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- 2. Go over the main points of the expectation theory. What applications of this idea are there for managers?.5. What are expectancies and valences? How do they affect performance?As a business administration major what strategy would your team implement in the Capstone Simulation? Develop and post a strategy that would be best.
- 2. How can you manage your expectations at work?(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?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…
- Short answers: Explain what is earnings management and how it related to decision making? earnings management : The planned timing of revenues, expenses, gains, and losses to smooth out bumps in earnings. how it reated to decision making: ?MANAGERIAL ECONOMICS 7. Make a complete description of the various risks and uncertainties faced by the company and ways to overcome them; give 2 (two) concrete examples of business decisions that anticipate risks and uncertainties!Even though Timna knows she does not ever want to be a manager, she should still consider taking a management course, because (Select all that apply.) Check All That Apply it will help her understand her managers' actions and decisions, which in turn will help her own career. she will be guaranteed to earn a higher salary than if she did not. it will help become a more well-rounded person. as a non-manager, she is likely to have the same responsibilities as a manager.
- Explain how a manager’s risk aversion can affect decision making and how compensation plansshould be designed to deal with risk aversion.1. What three (3) personal values should a manager possess to improve the organization's success in achieving/fulfilling its primary purpose? 2. Assumptions are used by management methods such as the Logical Framework Approach (LFA), Cost-Benefit Analysis, and Cost-Effectiveness Analysis to provide inputs for managerial decisions and actions. What is the logic of employing an assumption in coming up with or creating inputs for management decisions and actions, given that it is not guaranteed to hold? Is there any way to avoid making assumptions?Why should policymakers think about incentives? Discuss the need for managing the resources. 1.