Internal governance mechanisms aligning interest of managerial agents

Internal governance mechanisms aligning interest of managerial agents

This is an assignment that discusses the internal governance mechanisms aligning interest of managerial agents. The paper also discusses the roles of strategic leaders in an organization.

Internal governance mechanisms aligning interest of managerial agents

Just answer each question. Each response has to be 135+ word count and have 1 APA reference for each question.

1.     Firstly, discuss how the three internal governance mechanisms are used to align the interests of managerial agents with those of the firm’s owners. Why is this so critical in today’s business climate where the ethics practiced by firms are constantly being scrutinized?

2.     Secondly, what can strategic leaders do to develop and sustain an effective organizational culture? Subsequently, what actions can a strategic leader take to establish and maintain ethical practices within a firm?

3.     Brown (2010) contends that developing others is a skill that must be developed amongst managers. Thirdly, discuss some of the organizational nuances that may impede employee development; particularly as it relates to manager and employee relationships. How might HR professionals ensure that employees have adequate support for development? Provide an explanation for your response. Support your response with an APA cited reference(s).

4.     As an HR professional, you may have to have tough conversations with employees and possibly even terminate someone. Briefly describe how you would approach this conversation with an employee. Provide at least two specific things you would say and two specific things you would not say. Provide an explanation for your response. Also, support your response with an APA cited reference(s).

Internal governance mechanisms aligning interest of managerial agents

5.     Then, discuss the four types of process strategies (process focus, Repetitive focus, product focus, and Mass customization) and give an example of each. Also, please share any personal industry experiences (if any) with each process strategy.

6.     Discuss the differences between utilization and efficiency as measures of system performance. Which (if any) is the most useful measure for an operations manager? Why?

7.     How do an organization’s vision, mission, and goals affect its approach to strategic management and measurement? Discuss how top management teams affect a firm’s performance and its ability to innovate, design, bring about effective strategic change.

8.     Business metrics or key performance indicators (KPIs) are useful in determining the success of change management efforts by providing a measurable value against which the company can then compare its desired business goal or outcome. Lastly, research three business metrics and describe how each is used to measure performance and how a business can use the results from each metric to improve its performance.