I’m trying to study for my Business course and I need some help to understand this question.
1. This week we look at tailoring business models to existing conditions and different industry environments. But I thought that in starting a business, or in fact growing a business, you need to “stand out” from the crowd. You need to distinguish yourself and your business. So just how important then, in your opinion, is tailoring the business models? Select a business that that either already exists, or you would love to start, and support your thoughts. Show us why it is, or is not important to tailor the models.
2. If you were the CEO of a company, what would you do to your compensation and benefits plan to make it effective in aligning employee behavior and performance with the needs of the enterprise? Additionally, please read the article in the “Readings and Resources” section above on performance evaluation and share your views – pro and con – on eliminating such reviews.