Two models have attempted to explain why the goals are different and how these goals are achieved; Baumol’s Theory of Revenue Maximisation and Marris’s Model of Managerial Enterprise . Initially the Two models will be briefly explained. Then‚ by reference to determinants of managerial remuneration‚ the empirical evidence of the occurrences of the determinants‚ the two models will be examined. This is to come to a conclusion on which model is best supported by the empirical evidence. Models Marris’s
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Pay Model Name Affiliation Pay Model This is a frame work used in examination of the current and most available pay systems. The model can be composed of three building blocks or elements. The compensation objectives- the pay system is designed to meet certain objectives such as ethics‚ efficiency‚ compliancy to the law‚ and fairness. The policies that form the compensation system- the policy issue addresses management and administration of the pay system‚ internal alignment‚ and external competitiveness
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tried to cure her pain by spending time with friends. Sophia didn’t think of this crisis seriously because she was young. She just went to school‚ church‚ and home as a daily routine. The family system’s internal resources/ Circumplex Model. Using the Circumplex Model‚ I will be describing the family’s internal resources that had affected and are still affecting them up to the present: (a) Cohesion- the family’s cohesion is disengaged because they have lived with too much separateness. They try to
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Leadership in 21st century is more challenging than it was ever before. Leaders face many different challenges in an organization like globalization‚ increased competition‚ rapid change‚ and change in types of workers and related types of contracts‚ due to no purpose among workers‚ increase process management and decreased mobility and many other things. Leadership continuously gives challenges to the ability of the leader and to himself as a person. Things change; change brings challenge and
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South African Journal of Education Copyright © 2005 EASA Vol 25(1) 11–18 Use of the Collegial Leadership Model of Emancipation to transform traditional management practices in secondary schools P. Singh De partm ent of P ostgra duate S tudies & Edu cational R esearch ‚ Nelso n M ande la Me tropolitan U niversity‚ P O Bo x 77 000 ‚ Port Elizabeth‚ 6031 South Africa prakash.singh@nm mu.ac.za The Collegial Leadership Mo del of Emanc ipation (COLME) is used to address the concerns of transforming
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indigenous society’s educational system that are flawed. The philanthropist’s desire to inject the Western world’s form of education as the primary source of instruction suggest he holds views that are aligned with definitions of the Deficit Model. The Deficit Model observes the world from an ethnocentric perspective that leads to interpretations of phenomenon
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In this essay‚ I will be reflecting on the findings from my group’s research project‚ firstly‚ focusing on the understanding of race and ethnicities in terms of the CMIO model‚ and how this racial classification through the CMIO model reflects a certain type of view of who Eurasians are and how the Eurasians have become marginalised. Summary of findings Based on my group’s findings‚ I was able to sieve out some interesting finding that almost one-third of the respondents were not aware able to
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that the simplified model of the consumer-supplier relationship is a way to examine the structure of the sports industry from the consumer’s perspective‚ which makes the intricacy of the sports industry and the challenges that sports marketers face become more evident. The model displays the three major parts of the sport industry. The three major elements of the model are the consumers of sport‚ the sports products they use‚ and the suppliers of the sport products. This model is more helpful to sport
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The multifactorial model in health psychology is a leading paradigm that recognizes the multi-faceted nature of illnesses. It is not a clear-cut‚ simple case that a disease is caused by a singular factor. The fact is that decades if not over a century of modern research has led to the recognition that a host of factors‚ as well as their interactions‚ function in illness and health determination (Nevid & Rathus‚ p. 126). These varied factors that the multifactorial model indicates to be the range
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law of economic development. The process of industrialization of the advance countries was not the same as of the backward countries. For example‚ England did not have any institution to finance its industrialization‚ in contrast to the late-comers‚ who had a whole international financing system built. This advantage of backwardness is what the Gerschenkron model is about. Each country had its own process of industrialization and it did not have to follow certain stages. 3. In order to industrialize
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