Word Count: 2999
Table of content
1.0 Executive Summary pg 3 2.0 Introduction pg 4
3.0 Definitions pg 5
4.0 Organization Culture pg 6
5.0Organization Structure pg 8
6.0 Advantages /Disadvantages pg 9
7.0 Horizontal Integration pg 14
8.0 Management Approaches pg 14
9.0 Enron /WorldCom pg 16
10.0 Agency Theory pg 17-18
11.0 Remuneration Strategy pg 19
12.0 Sarbanes- Oxley Act pg 22-28
1.0 Executive Summary
In the changing environment of the work place, workers are faced with numerous challenges to make the work place a safe and rewarding one while executives are being compensated with many rewards, bonuses and ridicules compensation packages that in some cases may leave an organization in want, today let examine the way in which these executives are rewarded, the policies that are in place for such a reward or not, as it relate to the average employee. the role of the executive directors. How they see performance and reward, the practical and theoretical problem facing the firm and the application of the relevance legislations.
From the outside of an organization it seems that people within are being Rewarded because of how they look and talk, unknowing to the on looker the Systems within is still developing, things look the same as any other organization on the street. It’s on the inside that people are working together to create a strong and efficient organization.
At their most basic level, people serve as part to form a system that is strong and rewarding. The later remain in place and become the benchmark, providing support for all. These steps however are design and made by the executives and leadership of the organization, who then would request other employee’s participation in the development process which in turn will create a final product.
Having a product is one thing but is it sufficient to meet the demands of the changing environment and competition for
Bibliography: Blair, 1995; Blair & Stout, 1999; Roberts and Van den Steen, 2000 http://www.businessdictionary.com/definition/corporate-policy.html http://www.fsa.gov.uk/pubs/ukla/lr_comcode3.pdf http://managementhelp.org/emp_perf/emp_perf.htm http://www.idea.gov.uk/idk/core/page.do?pageId=4405770 http://www.petervince.co.uk/performance.htm http://humanresources.about.com/od/performancemanagement/a/request_reward.htm http://moneyterms.co.uk/horizontal-integration/ http://epress.anu.edu.au/anzsog/engage/mobile_devices/ch02s03.html