Markets - Promotion Policy - Target Growth Rate
3 important questions on Markets - Promotion Policy - Target Growth Rate
Balancing promotion pace is an important managerial task, which 2 aspects of the PSF does this cover?
Organisational structure and the promotion system (promotion incentives aka career opportunities).
How does the Target Growth Rate (require growth rate of the firm) relate to the balancing promotion pace?
The promotion incentives (career opportunities) of a PSF attract new hires, who require a balanced senior body to maintain leverage.
What happens if the company does not keep up with the Target Growth Rate and is thus too slow in hiring (has too few hires)?
You get demotivated personnel or too many seniors.
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