Rousseau and McCarthy (2007) Offered Several Principles in Using EBP

question 29

Essay

Rousseau and McCarthy (2007) offered several principles in using EBP. Name and describe three of these principles.

Distinguish between publicly held and privately held corporations.

Understand the process and legalities involved in forming a corporation.

Recognize the advantages and disadvantages of the corporate form of organization.

Understand corporate taxation and financial reporting obligations.

---

Definitions:

Performance Metrics

Quantitative measures used to gauge an organization's or individual's performance, often in comparison to a standard or benchmark.

Benchmarking

The practice of comparing business processes and performance metrics to industry bests or best practices from other companies to improve performance.

Best Practices

Established methods or techniques that have been proven to lead to superior results and are used as benchmarks.

Governmental Politics Model

A framework analyzing policy decisions as the outcome of bargaining and power struggles among various stakeholders within the government.