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Performance related pay is a way of financially rewarding and acknowledging employees work, either for employees whose work is considered to be above average and to those whose work is presumed to have reached or supersede a required standard. Booth et al (1999) state that performance related pay is usually used when the performance of an employ in terms of output, produce and sales is not easy to measure.
Undeniably, significant changes have taken place in the music industry. Perhaps, these changes can be seen as a revolution, which has been propelled by advancement in technology. Even though the invention of the compact discs brought significant changes in the music business, the introduction of digital technology has given the music industry a new look. Unlike in the past, it is now possible distribute music through the internet, thanks to the invention of digital technology.
Table of Contents
- Customer Order Processing 4
- ICT system 4
- Benefits and challenges of the system 4
- Location Analysis 5
- ICT system 5
In the contemporary business environment, management logistics has become very much machine based. This can be attributed to the introduction of computers in business where these machines come with programs which ease office keeping and management.
Logistics management as the governance supply sequence functions as gone under some transformations in the recent past. The activities involved in the logistics management like; outbound and inbound fleet management, inventory management, materials handling, warehousing, transportation management, order fulfillment, supply/demand planning, logistics network design, and management of other logistics service and product providers, has also grown and led to adoption of new ICT systems.
Perhaps, Cutting edge limited is a UK based company, which started three years ago, the company deals with manufacturing and distributing tennis racquets. It has rapidly expanded rendering the management of its operations a challenge. In order to improve the company’s profitability and efficiency, the reorganization of its team structure is deemed necessary owing its rapid growth.
Management Issues with Communication
There are many issues that any manager and especially a manager involved in a large company has to contend with. Many of these problems arise from different factors which determine how well the company will run. Some of these factors include the effects of the size of the company on the structure which is maintained or is to be maintained by the manager. The type of information system to be used by the company is also almost always a problem considering the huge debate around which method best enables the company to run smoothly.
In the 21st century era, small and large, private and public businesses are all aiming towards economic growth. However, this growth has slowed following emergence of unprincipled leaders whose main aim has been satisfaction of individual needs as opposed to their employees and customers. With such unethical practices, it is obvious that a strong impact has been witnessed in economic growth, which boils down to declining capital investments and unemployment for small businesses.