Answered: Question ‘In a globalised and…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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1) Based on the Sodexo example, discuss the importance of widespread incentives in improving both the culture and employee retention efforts in a firm.2) How might having employees receive recognition and incentives at a national level impact the performance of their coworkers and colleagues. Many employers offer incentives to employees working in different jobs. Often, the incentives are to reward employee performance, both in the short and the long term. But some company incentive plans are viewed negatively by employees, while others are seen as highly positive by employees at all levels. One firm that has a well-regarded, broad-based incentive plan is Sodexo, a large food and facilities service firm with more than 350,000 employees in 80 countries. Being such a large firm, Sodexo has a variety of clients, including many corporate and governmental entities, hospitals, manufacturing firms, and universities. Thus, the firm’s client services are varied, with many of them being basic…
Recently, Contracts Creative Studios Headquarters expanded significantly through various mergers and acquisitions . It now comprises of eight (8) business divisions across 3 continents. This rapid growth has made it challenging for management to maintain strong oversight and control of staff and operations. While financially successful, Contracts Creative Studios has developed some inefficiencies in its internal processes and compliance over the years. The entities have become global leaders in technology, yet The staff complain of poor communication from ‘higher ups’, who blames the outdated machineries assigned to employees. Its secretarial and administrative functions still follow outdated, cumbersome procedures in some areas. For example, credit requests are handled manually through paper forms and records. This makes processing, transfers, approval and replies to customers lengthier than it should be. There have been a few minor compliance issues recently…
Q1: Read the case study and answer the question: Introduction According to Gready (2013) organizational theory is based on four major perspectives namely the Classical, modem prospective, symbolic interpretive and postmodern perspectives. Management at Coca Cola focuses in adopting modern and postmodern perspectives in order to maintain the relation with business environment. Gill (2007) opined that adoption of modern perspective has enabled managers at Coca Cola to focus on reality of market situation based on the concepts and theories. Moreover, the adoption of the postmodern perspective helps the organization to increase the productivity of the different geographical operating division and focus on local and international customer satisfaction. Adoption Coca Cola adopts both mechanistic and organic models of organizational control and hence incorporates both modernist and post-modernist perspectives in the organizational management. Previously Coca Cola followed a centralized…

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