Choose a pay for performance method from the following categories: Individual, Group, or Organizational performance and use the Internet to locate the website of a company which has recently introduced a new pay system. Then assess from the information, the drivers that were making the change necessary for the company, the steps and rationale of the system, implementation steps they utilized, and their results. Be sure to provide any URLs you used as a reference source for your answer.
Economic globalization is the process of increasing the financial integration amongst countries. Consequently, economic globalization leads to the development of a “global marketplace” or “a single world market”. Economic globalization is enhanced by the accession of multinational enterprises, which result into the rise of the profits of that “global marketplace”. It is hard to define a multinational enterprise (MNE) as definitions change over time. As Maurice Bye proposed (1958) a company is considered an MNE only depending on the amount of countries it occupies. Specifically he said “…MNE was purely given the name by the amount of countries a company occupied”. However, in 1992, J. Dunning defined an multinational enterprise as “… an enterprise that engages in Foreign Direct Investment (FDI) and owns or controls value adding activities in more than one country” Therefore, we could argue that a multinational company is a firm company that has “headquarters” in one country but with bases, manufacturing or assembly plants in others. Following the above descriptions, someone would wonder, how companies become multinational. Indeed, the development of a firm into a multinational company is a long-lasting, expensive and difficult procedure, which we will discuss later. At this point, it would be good to mention that a firm is any business such as a corporation or partnership. A firm differs from a multinational company by means of the firm’s market being mainly in the country it sells into and having no FDI (Foreign Direct Investment) in any other apart from the one, which it sells to. During the last few years, there has been observed, a great expansion/augmentation of MNEs (Multi national enterprises). This phenomenon greatly influences the world’s economy>GET ANSWER