Reference no: EM133212707

What are the contextual variable for The Kraft Heinz Company?

Contextual variables impact your organization and the compensation strategy you put in place in your organization.

There are five contextual variables. These variables are important because once you analyze each of the contextual variables you can determine the most appropriate managerial strategy for your organization. Look at each of the contextual variables and discuss how they relate to the organization you are analyzing; indicate the most appropriate managerial strategy for the organization.

The five contextual variables are:

1. Task environment and domain: you can use your Company analysis to help you create the task environment and domain of the Company. These are the specific products or services offered by the organization.

2. Business Strategy: The organization's plan for how it will achieve its goals. You should also look at Miles & Snow typology and Porter's typology to understand how the organization will accomplish its goals, which are measured by Key Performance Indicators (KPIs).

3. Organization Size: How large is the organization and is it the most appropriate size to achieve the goals?

4. The Workforce: Consider the nature of the workforce that is needed to accomplish the goals of the organization. Does the workforce need a minimum level of education, any special skill sets required, will shift work be required, and will employees be part of a union?

5. Technology: Technology should be used to increase efficiency and effectiveness in the organization. How will technology be used and if technology changes in the organization, how will this impact the workforce and the business strategy? For example, will there be a loss of jobs, will new skills be required, and will productivity suffer if a learning curve exists?