IRE367H1 Chapter Notes - Chapter 2: Brad Guigar, Informal Sector, Organizational Culture
23 Nov 2020
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Ire367 chapter 2: a strategic framework for compensation. Mission: more immediate; the present state or purpose of the organization. Values: underlying guiding principles, beliefs, and attitudes that guide behavior. Fit: the alignment of strategies at various levels in an organization. Vertical fit: alignment between an organization"s mission, vision and/or values, and the various supportive strategies that cascade down an organization. For example, compensation strategies that support innovation imply that there is some level of vertical fit. Horizontal fit: alignment between and among strategies at the same level. For instance, hrm strategies such as performance management and compensation are aligned to support each other. Business strategy: organization"s plan for how it will achieve its goals. Organization structure: vehicle for executing this strategy and has several structural dimensions or variables. Purpose is to generate the behaviors necessary to carry out the organization"s strategy.
