Management and Organizational Studies 3342A/B Study Guide - Midterm Guide: Competitive Advantage, Determinacy, Vehicle Insurance

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3342A/B
• Professor: Gail Robertson

Document Summary

According to the pay model, the strategic compensation decisions regarding management involve: Personal satisfaction in work accomplished, security, advancement opportunity, and means to share in the company success are fostered by a company"s _____. core culture and values: social and political context, competitive heterogeneity, patronage concentration. Realigning as conditions change: realigning as strategy changes. 21: assessing total compensation implications, reassessing the fit, implementing strategy. Managing the links between the compensation strategy and the pay system as well as people"s perceptions and behaviours is vital to. 24. implementing a(n): organizationa l hierarchy: strategic alliance, planned perception, association perspective, pay strategy. Internal alignment: external competitiveness, employee contributions, managing compensation, compensation. Internal alignment: external competitiveness, employee contributions, managing compensation, compensation strategy, pay strategies can differ among companies competing for the same talent and similar customers. True false: all business units within the same corporation will have the same competitive conditions and therefore, adopt the same business strategies.