Reward Systems and Empowerment
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How effective are the reward systems in the firm to which you are most closely aligned? Does the firm utilize policies that in your view "empower" the organization? Explain your answer.
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Solution Summary
By example, this solution discusses the effectiveness of the reward systems in a firm that a person is most closely aligned and if the firm utilizes policies that "empower" the organization.
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Good question!
1. How effective are the reward systems in the firm to which you are most closely aligned? Does the firm utilize policies that in your view "empower" the organization? Explain your answer.
This question is asking you to discuss a company that you are closely aligned to. Therefore, let's look at a generic example that has an effective reward system that empowers the organization. I also provided the characteristics that an organization has that are connected to empowerment of the organization, including reward systems.
ILLUSTRATIVE EXAMPLE: Public Practice Firm
The firm seems to have a clear picture of where it is going and why. Generally, it is visionary e.g. strategic thinkers and decision makers in its outlook and working style. For example, it is focused on identification of clients' needs, opportunities and new service and market development. All members of the firm also seem to articulate the goals and understand the direction of the firm's development activities and how they fit into the process e.g. open communication system, discuss issues, team approach, and flexible with shared decision-making. The firm also has networks that allow it to serve the client base ...
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