1. How did Author Andersons relationship with Enron cause a conflict of interest? Arthur Andersons (AA) relationship with Enron caused a conflict of interest because AA advised Enron’s deals with partnerships and audited the company’s books and was supposed to ensure Enron was practicing ethical accounting within the required standards.
2. Is there any real harm in practicing “political patronage?” Isn’t this just the old practice of “If you scratch my back, I’ll scratch yours?”
I believe there is real harm in practicing “political patronage”. Some people are not qualified for position that they are given. This causes more harm than good to the agenda. Some positions need to be held by knowledgeable individual. Some positions …show more content…
I would like to think we all would like to embrace the practice of meritocracy. This is the practice where people are promoted or given raises based off of their performance, and no other reason. Is this a dead practice? Is the very concept dead?
I do not believe the practice of meritocracy, the practice where people are promoted or given raises based of their performance, and no other reason; nor is the concept dead. At my place of employment, our annual raises are based upon merits. The employees are scored according to exceed expectations, met expectation, etc… The raises are allocated by how your score and what percentile your score falls in. My only argument, that I have with my employer’s merit scale, it that it is not a big difference between meeting expectations and exceeding expectations. I believe the margin should be greater than 1%.
4. What are some additional ways you as a manager may achieve a full level of transparency? Also, what is the value in doing being transparent?
Some additional ways as a manager, I may achieve a full level of transparency, is to provide clear, and concise directives, be open and honest with employees, and knowing everyone’s role on the team and ensuring employees are exceling within their own
2. Is there any real harm in practicing “political patronage?” Isn’t this just the old practice of “If you scratch my back, I’ll scratch yours?”
I believe there is real harm in practicing “political patronage”. Some people are not qualified for position that they are given. This causes more harm than good to the agenda. Some positions need to be held by knowledgeable individual. Some positions …show more content…
I would like to think we all would like to embrace the practice of meritocracy. This is the practice where people are promoted or given raises based off of their performance, and no other reason. Is this a dead practice? Is the very concept dead?
I do not believe the practice of meritocracy, the practice where people are promoted or given raises based of their performance, and no other reason; nor is the concept dead. At my place of employment, our annual raises are based upon merits. The employees are scored according to exceed expectations, met expectation, etc… The raises are allocated by how your score and what percentile your score falls in. My only argument, that I have with my employer’s merit scale, it that it is not a big difference between meeting expectations and exceeding expectations. I believe the margin should be greater than 1%.
4. What are some additional ways you as a manager may achieve a full level of transparency? Also, what is the value in doing being transparent?
Some additional ways as a manager, I may achieve a full level of transparency, is to provide clear, and concise directives, be open and honest with employees, and knowing everyone’s role on the team and ensuring employees are exceling within their own