Questions and Topics We Can Help You To Answer:
Paper Instructions:
Utilize
Required article readings
Further research you may conduct
Your experience
Compose a paper 3-4 pages of length, not including a cover page and a references page with the title:
Management Specialization
A big question that drives both employees and companies is whether a strategy should be designed and then the required performance of people to implement it should determine the required incentives for that performance, or the other way around? Based on your required article readings, further research of sources you may conduct, as well as your experience, please compose a paper with the title:
Should performance incentives for employees be decided before strategy creation or after?
Your paper should address the topic by integrating information from multiple sources. You are definitely allowed to also express your opinions, as long as you support them with references The paper should be 4-5 pages of length, not including a cover page and a references page You should use APA format, Times New Roman font, size 12, double-spaced, with 1-inch page margins You should post it by midnight of Sunday PST of the current week.
Read
Please download from Library and review in detail the articles denoted with three stars below (***) If you have time, you may review the other two papers.
Caves, R.E. & M.E. Porter. 1977. “From entry barriers to mobility barriers”. Quarterly Journal of Economics.
Cremer, J. (1995), “Arm’s Length Relationships”, Quarterly Journal of Economics, 110, pp. 275-96.
*** Ederer, Florian, Gustavo Manso, (2013) Is Pay for Performance Detrimental to Innovation? Management Science 59(7):1496-1513
Frey, B., Felix Oberholzer-Gee, (1997) The Cost of Price Incentives: An Empirical Analysis of Motivation Crowding- Out, American Economic Review 87(4):746-755
Gibbons, R. 2005. Incentives between Firms (and within). Management Science 51(1) 2-17
*** Gneezy U, Meier S, Rey-Biel P (2011) When and why incentives (don’t) work to modify behavior. J. Econom. Perspectives 25(4):191–209
Holmstrom, B. and P. Milgrom (1991), “Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design” Journal of Law, Economics, and Organization, 7: 24-52
Holmstrom, B. and P. Milgrom (1994), “The firm as an incentive system,” American Economic Review 84(4): 972-991. .
*** Jensen, M.C., W.H. Meckling. 1976. Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics 3 305-360.
McGahan, A.M. & M.E. Porter (1997), “How much does industry matter, really?” Strategic Management Journal 18(Summer): 15-30
Porter ME. 1981. The contributions of industrial organization to strategic management. Academy of Management Review 6(4): 609–620.
Porter M.E., “The Five Competitive Forces that Shape Strategy.” Harvard Business Review
View
Compensation Strategies: Finding the right balance between rewarding individuals and spending wisely
An excellent discussion on the economic and motivational effects of incentives systems
https://www.youtube.com/watch?v=oQQYhUa3oo4 (Links to an external site.)
