Exam 2: A Strategic Framework for Compensation

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Which variable indicates to management the most appropriate managerial strategy to use in an organization?

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What can you determine by examining a firm's contextual variables?

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Briefly explain the difference between the three managerial strategies described in the textbook.

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Although the six structural variables can be designed and combined in a number of ways,the following three main patterns of structural variables,known as "managerial strategies," have formed.The classical approach to management assumes that people are lazy,dislike work,and need to be motivated to work by financial rewards or the threat of removal of these rewards.Jobs are narrowly designed and employees closely supervised.The human relations approach assumes most employees dislike work but can be induced to work in order to satisfy their social needs,which results in a different approach to leadership,communication,control,and rewards from the classical approach.Supervisors are controlling but employee-oriented,using a paternalistic style.High-involvement management assumes that people are motivated by the intrinsic rewards flowing from interesting and challenging work,and it differs from the other two managerial strategies in all six structural variables.

Which of the following is classified as a "main" managerial strategy?

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Which condition has NOT made it increasingly difficult for Canadian firms to make the classical managerial strategy work for them?

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Identify the six structural variables that make up the organization structure and explain why they are so important.

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Group and organizational pay systems characterize firms that use a classical managerial strategy.

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Which term best describes the scope of business operations undertaken by an organization?

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What is the purpose of the strategic framework for compensation?

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You have recently been hired by a manufacturing company in Vancouver,British Columbia.You conclude that the company is using a high-involvement management strategy.What would you review to support your aforementioned conclusion?

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An organization's domain is simply another term for managerial strategy or plan.

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You have been asked to explain to a manager the notion of structural variables within the context of a strategic framework for compensation.Which variable would you elaborate on?

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What can you determine by examining a firm's structural variables?

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What are the two main categories of organizational variables?

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Which set of strategies reflects different assumptions about employees and how they should be managed?

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Which organizational variable would complement a classical management strategy?

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Horizontal fit refers to the alignment between an organization's mission,vision and values,and the various supportive strategies that cascade down an organization.

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The strategic framework for compensation helps to identify the corporate strategy that will best suit a firm's compensation strategy.

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Which reward strategy is appropriate for companies using a human relations approach to management?

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Which rewards are normally associated with a high-involvement managerial strategy?

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