Advantages and Disadvantages of Performance-Based Regulation
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Performance-based regulation is where a performance goal is set by legislative or administrative action, a plan for assessment is implemented, and penalties are put in place for failure to meet that goal. Based on your understanding of this concept, do you agree with this alternative approach? What advantages, if any, do you see in using this approach?
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Solution Summary
The advantages and disadvantages of performance-based regulation are examined.
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I agree with this approach as long as it doesn't get misused. There are advantages and disadvantages to using this approach. One of the main disadvantages is that because penalties are imposed for failure to meet the goal, employees will begin doing whatever they can to meet the performance goal. This could ...
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