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Question:
In this era of global competition, organizations are increasingly introducing Performance Management System (PMS) to improve organizational effectiveness. Many organizations have gone so far as adopting performance-related pay (PRP) as a motivation to higher performance.
(i) Explain how PMS helps to improve organizational effectiveness.
(ii) Explain briefly the main conditions for the successful introduction of PRP?
(iii) State briefly the arguments for and against PRP.
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I need 3500 words there is tables. I can provide my senior samples.. I need it by 15 Nov..
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It allocates costs based on the price elasticity of demand. Yet higher the elasticity (elastic), the lower the charge of fixed costs when allocated amongst products.
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