Journal of Management Policy and Practice
About: Journal of Management Policy and Practice is an academic journal. The journal publishes majorly in the area(s): Health care & Human resources. It has an ISSN identifier of 1913-8067. Over the lifetime, 243 publication(s) have been published receiving 1898 citation(s).
TL;DR: In this paper, the authors discuss that organizational rewards should strategically recognize good work habits and enhance the performance of each employee, which should be aligned with the organization's values and objectives.
Abstract: In today’s competitive and global workplace, one of the strategies that successful companies use is having the ability to attract many qualified candidates, retain top talent, and maintain a highly motivated workforce. So what can an organization and managers do to attract, retain and motivate a talented workforce? Successful companies have various types of organizational reward programs that recognize and reinforce good employee performance. In this paper, the authors discuss that organizational rewards should strategically recognize good work habits and enhance the performance of each employee. This is a practice-based paper about performance management, reward systems, giving feedback, and recognition programs which should be strategically aligned with the organization’s values and objectives. The content is helpful for managers, human resource professionals and organizational leaders who are considering the implementation of various reward systems and pay programs.
TL;DR: This article examined motivations of entrepreneurs in Venezuela, problems they face, and success factors and found that the desire of Venezuela based entrepreneurs to be one's own boss and to increase one's income are important motivators.
Abstract: This study examines motivations of entrepreneurs in Venezuela, problems they face, and success factors. Results indicate that the desires of Venezuela based entrepreneurs to be one's own boss and to increase one's income are important motivators. Competition, a weak economy, and foreign exchange limitations are problems, while good general management skills, appropriate training, accurate record keeping, and political involvement are success factors. This paper examines multiple dimensions of entrepreneurs in a single context and so provides an integrated analysis. This paper also expands our understanding of Venezuela based entrepreneurs and contributes to the understanding of entrepreneurs around the globe.
TL;DR: In this paper, the authors explored the e-accounting practices among SMEs in Ghana and looked at the expectations, realities and barriers in adopting e-Accounting, and found that SMEs put in place accounting softwares to generate their financial information.
Abstract: This study explores the e-accounting practices among SMEs in Ghana. The study also looks at the expectations, realities and barriers in adopting e-accounting. The research design is based on a survey methodology using a sample of systematically selected SMEs throughout the country. The findings reveal that SMEs put in place accounting softwares to generate their financial information. The main value of this paper is the discussion of e-accounting practices of SMEs in Ghana.
TL;DR: In this article, the effects of local unemployment rates on the propensity of low-ability and high-ability workers to transition into self-employment were tested using two samples from the PSID.
Abstract: Low-ability entrants to self-employment are “necessity entrepreneurs” forced into self-employment by adverse circumstances, while high-ability entrants are opportunity entrepreneurs attracted by a promising idea. Effects of local unemployment rates on the propensity of low-ability and high-ability workers to transition into self-employment are tested using two samples from the PSID. The results show a positive correlation between local unemployment rates and entry into self-employment for low-ability workers, but not for high-ability workers. Including firm-size to eliminate possible distortions in the results indicates that the positive association between unemployment and self-employment among low-ability workers is in fact driven by the effect of employer size. Moreover, a negative association between unemployment and self-employment among high-ability workers is observed.
TL;DR: In this article, the authors take a look at why and how managers should communicate with their employees the value of scientific management and why it is still relevant today, and show managers how they should use communication to address employees' feelings of unfairness.
Abstract: In this article, we take a look at why and how managers should communicate with their employees the value of scientific management and why it is still relevant today. Moreover, we will show managers how they should use communication to address employees’ feelings of unfairness. Finally, we will present a hypothetical case example that will help make clear the main points of how managers should use communication to teach their present-day employees the value of Frederick Winslow Taylor’s principles of scientific management and how to use concepts from Equity Theory to confront employees’ feelings of inequity in a modern business environment. The case will be followed with questions concerning the applicability of these two theories when managers are training subordinates, who are not college graduates, to do their work.
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