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Identify the tangible and intangible factors

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Question - Red Lobster is a seafood restaurant in USA. They operate over 670 casual-dining seafood restaurants employing more than 63,000 people. When Red Lobster developed a new business strategy to focus on value and improve its image, it established a new vision, mission, and goals for the company. The restaurant chain simplified its menu with the highest-quality seafood it could offer at mid-range prices, traded its restaurants' tropical themes for a crisp, clean look with white-shirt-and-black-pants uniforms for its employees, and added Northeastern coastal imagery to its menu and Web-site. Draw the diagram and discuss forms of Pay and frame the total return for work. Identify the tangible and intangible factors. Suggest pay mix for Red Lobster.

Reference no: EM133146666

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