Advanced Writing for Marketing Essay Example | Topics and Well Written Essays - 1000 words

Advanced Writing for Marketing - Essay Example The document helps the President improve job performance evaluation, in terms of sale manager’s performance. The document is intended to replace the current job evaluation rubric, in terms of the manager’s job benchmarks. The document explains the superiority of the proposed annual report-based benchmark over the current attendance based criteria. It is highly recommended that that annual report, income statement, replace the current job performance benchmark (Weaver 2007 293). The current benchmark pales in comparison with the proposed annual report rubric. The income statement is used by most business entities as job performance yardstick. Judging from the use of the income statement as the standard global criteria, it is highly recommended that you, my president friend, follow suit. Further, implementing your current attendance-based criteria is understandable. You are reducing the manager’s job responsibilities. The human resource department is tasked with collection the attendance reports of the managers. All the managers have to do is to â€Å"time in† by swiping one’s identification card through the attendance machine. When the manager leaves the office, all the manager has to do is to â€Å"log out†. Logging out is done by swiping one’s identification card through the time recording machine strategically located near the entrance / exit pathways. The human resource department presents the attendance report to you, President, indicating your sales managers’ tardiness report. Furthermore, this is comprehensible. Your current impression of the best employee is one who is devoted to one’s job. A loyal employee will normally reduce absences and tardiness to allowable levels. Your company allows excused absences on reasonable ground. Reasonable grounds include unexpected traffic from home to the work area, hurricanes, earthquakes, and other reasonable causes. Lastly, labor law regulations allow absences your employee is

Separation of Ownership and Control in the US and EU and its Essay

Separation of Ownership and Control in the US and EU and its Implications - Essay Example It is seen that a weak owner leads to a strong manager where agency problem arises due to entrenched managers and dispersed shareholding. Conflict of interests is an important aspect that corporate governance addresses to. The separation of ownership that is the shareholders and control that is the management gives rise to agency issues. This separation is usually seen in firms where the shareholding is dispersed. Agency conflicts arise when the ideal situation isn’t achieved and the managers prefer their interest over shareholder’s interest. Agent principal relationship is governed by the agency costs that the principal incurs to align the interest of his agent with that of his own. Corporate governance deals with the minimization of the conflict of interests in the organization. Proper incentives linkage to the remuneration can help prevent the conflict of interests and align the interests of managers and shareholders. Stock option plans can be a good way to make inte rests common because the managers become the shareholders and put in the efforts to increase the wealth of the shareholders. Another option could be the board of directors, as they have the power to dictate decisions in the organization and control the company, they can serve as a solution to align the interest of both. Stock options have proved to be quite efficient it the linked remunerations to the shareholder's interest can also induce the managers to act dishonestly and adopt a short-term behavior because of quarterly disclosures.