The CEO of BodyShack Equipment Company told a colleague, “I do not understand why other companies waste so much time in the budgeting process. I set our company goals, and everyone strives to meet them. What’s wrong with using that approach?” Share your comments and thoughts on the CEO’s remarks.
Moon Corporation has established a bonus plan for its employees. An employee receives a bonus if his or her department meets the cost levels specified in the annual budget plan. If the department’s cost exceeds the budget, its employees earn no bonus. What issues might arise with this type of plan? Is this a good idea? Explain.
Using Figure 2.1 on page 18 of your textbook, describe how to utilize the model to attract, develop, and retain high-performing employees. Recommendation, target employees that will be used to populate your Capstone firm (See Week 1 Assignment). Support your post with at least one current and relevant article from the Ashford Library database. Present your findings in 200 words or more in your discussion post. Respond to at least two of your classmates’ posts