Firms Pursuing Differentiation Advantages Will Implement Their Strategies Differently from Those

question 47

Multiple Choice

Firms pursuing differentiation advantages will implement their strategies differently from those pursuing cost advantages.The implementation of differentiation strategy is likely to feature:

• A)Employee remuneration based upon individual productivity.
• B)Frequent performance reporting.
• C)High levels of outsourcing.
• D)Low levels of job specialization.

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Definitions:

Total Reward Model

A strategy or approach that recognizes all aspects of compensation, including financial rewards, benefits, work-life balance, recognition, and development opportunities.

Employment Relationship

Refers to the legal and practical link between employers and employees, highlighting rights, responsibilities, and dynamics in the workplace.

Pay Equity

A policy to eliminate the gap between the income of men and women, ensuring that salary ranges correspond to the value of work performed.

Equal Pay

The concept of ensuring that employees who perform the same or substantially similar work are compensated equally, regardless of gender, ethnicity, or other non-relevant factors.