This is because real life is different from top mba programs online that of theoretical. They have to make their students utilize their "bookish" knowledge in real life situations. Hence, you may find students subject to numerous case studies within their curriculum.
Swimming In Corporate Waters
The business world is filled with tacts, tips, and diplomacy. It is much like swimming. As long as you remain above the swimming pool, you can never learn swimming. You need to plunge into the water to find the feel of this liquid against your system. You need to flap the hands and legs to prevent yourself from drowning. You get the "experience" and this is how you learn.
Business studies prepare students not just for their livelihood, also for their life. The teachings imbibed through such B-schools help students in all aspects of their lifetime and throughout. For case, when students learn about interpersonal skills, which are an important element of the corporate world, they can apply this knowledge within their personal relationships too. Thus, the learnings come to make use of not just to gain a fat pay, but also to expand your societal circle.
The importance of "business studies" for students can be known from the fact that students do not just learn subjects, but undergo a complete development of their personality by understanding them practically. Business studies are a lot more than just mastering the art of doing business. They inculcate within you qualities like integrity, accountability, result-oriented outlook, company with social responsibility, meeting deadlines and working pressurized, keeping updated about the modern world around you, viewing most people as your greatest resource, and doing everything which includes a dash of confidence together with self-belief.
The great need of "business studies" for students can only be understood well by someone who has "been there and studied that the techniques". . Bonuses Plans Should Get Universal
To obtain your entire staff pulling in the same direction devise your bonus propose to include all employees with some level and after having a pre-employment evaluation period (often 3 months) with the company. Many plans include part timers and full timers but for a somewhat lesser share in the proceeds.
Bonuses Ought to be Significant and of Perceived Value to the Recipient
To create an incentive, the recipient must perceive the bonus potential being a significant addition to income. Otherwise, the bonus is looked upon as supplemental income or even a "benefit". There should be general public (company) recognition in the employees' performance that resulted in the bonus to enhance the perceived value.
Bonuses Should Relate to Individual Performance
One factor in the determination of the amount an individual employee receives should be their rating as determined by their last formal career performance appraisal. All other things being equal, a superior job performance should command a better share of the incentive proceeds.
Bonuses Will include a Factor for Employee's Occupation Responsibility
It can be reasonable to relate an employee's rating for bonus purposes to their overall responsibility in this company as determined by the quantity of employees supervised and/or budget for which they have immediate control. General categories may have different ratings in this bonus distribution process (hourly/clerical, supervisor, department head or police).
Swimming In Corporate Waters
The business world is filled with tacts, tips, and diplomacy. It is much like swimming. As long as you remain above the swimming pool, you can never learn swimming. You need to plunge into the water to find the feel of this liquid against your system. You need to flap the hands and legs to prevent yourself from drowning. You get the "experience" and this is how you learn.
Business studies prepare students not just for their livelihood, also for their life. The teachings imbibed through such B-schools help students in all aspects of their lifetime and throughout. For case, when students learn about interpersonal skills, which are an important element of the corporate world, they can apply this knowledge within their personal relationships too. Thus, the learnings come to make use of not just to gain a fat pay, but also to expand your societal circle.
The importance of "business studies" for students can be known from the fact that students do not just learn subjects, but undergo a complete development of their personality by understanding them practically. Business studies are a lot more than just mastering the art of doing business. They inculcate within you qualities like integrity, accountability, result-oriented outlook, company with social responsibility, meeting deadlines and working pressurized, keeping updated about the modern world around you, viewing most people as your greatest resource, and doing everything which includes a dash of confidence together with self-belief.
The great need of "business studies" for students can only be understood well by someone who has "been there and studied that the techniques".
.
Bonuses Plans Should Get Universal
To obtain your entire staff pulling in the same direction devise your bonus propose to include all employees with some level and after having a pre-employment evaluation period (often 3 months) with the company. Many plans include part timers and full timers but for a somewhat lesser share in the proceeds.
Bonuses Ought to be Significant and of Perceived Value to the Recipient
To create an incentive, the recipient must perceive the bonus potential being a significant addition to income. Otherwise, the bonus is looked upon as supplemental income or even a "benefit". There should be general public (company) recognition in the employees' performance that resulted in the bonus to enhance the perceived value.
Bonuses Should Relate to Individual Performance
One factor in the determination of the amount an individual employee receives should be their rating as determined by their last formal career performance appraisal. All other things being equal, a superior job performance should command a better share of the incentive proceeds.
Bonuses Will include a Factor for Employee's Occupation Responsibility
It can be reasonable to relate an employee's rating for bonus purposes to their overall responsibility in this company as determined by the quantity of employees supervised and/or budget for which they have immediate control. General categories may have different ratings in this bonus distribution process (hourly/clerical, supervisor, department head or police).
Bonuses Will include a Factor for Laborer Loyalty