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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 558 |
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Set high performance expectations and goals and reward employees based on performance and achievement of results. Promote knowledge transfer between the various IBM units so that everyone can perform effectively and be competitive. He should offer incentives for new behaviors because compensation represents one of the strongest tools that can impact employee behavior...
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He should also promote innovation and encourage participation towards achieving the new cultural shift. Also where necessary he should remove and replace managers and employees and inject new people into the company so as to create a competitive environment with people from diverse backgrounds and with newer and better ideas...
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General points of the essay
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The statement of financial performance is based on data relating to past transactions and events. Hence the statement of financial performance is of no use to an investor’s decision making process.
Generating Performance from Minimum Wage Employees
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