Applying the Four Frames to a Situation
A1: Applying the Four Frames to a Situation
As a consultant of the Harvard Board of Directors, the lack of not having any defined rules and regulations for what may or may not be acceptable compensation for the money managers employed by Harvard Management Company, which shall be referred to as HMC going forward, when it comes to investing Harvard’s $19 billion endowment has been identified as an issue of strong concern. In order for there to be pure objectivity in this task, an application of the four-frame model (i.e. structural, human resources, political and symbolic) according to Bolman and Deal (Bolman, 2008) has been used to provide positive feedback to the Harvard Board of Directors as a management tool in order to best assist with finding the most effective solutions to resolving the stated issue in regards to the compensation of individual managers employed by HMC in an effort to most effectively satisfy the needs and emotions of all parties of involved (i.e. Harvard, HMC and fellow alumni).
Structural Frame
Harvard acquired the services of HMC to invest its $19 billion endowment. Harvard did not provide HMC with any expectations or procedures on how this endowment should be invested in order to best benefit the university and students. Harvard did not specify to HMC who would be making money off of the results achieved when the endowment was invested. Harvard did not establish any guidelines with HMC as to how much the university was willing to compensate the money managers for their investment services without jeopardizing the values of the university.
HMC adhered to the instructions of Harvard in investing the $19 billion endowment. HMC did not provide Harvard with any information on how it would go about investing the endowment. HMC did not provide any rationale on how the salary and bonus would be calculated for each money manager assigned to the project of investing the $19 billion endowment.
Human Resources Frame
In an effort
As a consultant of the Harvard Board of Directors, the lack of not having any defined rules and regulations for what may or may not be acceptable compensation for the money managers employed by Harvard Management Company, which shall be referred to as HMC going forward, when it comes to investing Harvard’s $19 billion endowment has been identified as an issue of strong concern. In order for there to be pure objectivity in this task, an application of the four-frame model (i.e. structural, human resources, political and symbolic) according to Bolman and Deal (Bolman, 2008) has been used to provide positive feedback to the Harvard Board of Directors as a management tool in order to best assist with finding the most effective solutions to resolving the stated issue in regards to the compensation of individual managers employed by HMC in an effort to most effectively satisfy the needs and emotions of all parties of involved (i.e. Harvard, HMC and fellow alumni).
Structural Frame
Harvard acquired the services of HMC to invest its $19 billion endowment. Harvard did not provide HMC with any expectations or procedures on how this endowment should be invested in order to best benefit the university and students. Harvard did not specify to HMC who would be making money off of the results achieved when the endowment was invested. Harvard did not establish any guidelines with HMC as to how much the university was willing to compensate the money managers for their investment services without jeopardizing the values of the university.
HMC adhered to the instructions of Harvard in investing the $19 billion endowment. HMC did not provide Harvard with any information on how it would go about investing the endowment. HMC did not provide any rationale on how the salary and bonus would be calculated for each money manager assigned to the project of investing the $19 billion endowment.
Human Resources Frame
In an effort
References: Bolman, L. &. (2008). Reframing Organizations: Artistry, Choice & Leadership. San Francisco: Jossey-Bass. Nevala, K. (n.d.). in class handout.