Describe Several Components of the Institutional Environment in the High-Growth

question 15

Essay

Describe several components of the institutional environment in the high-growth Asian economies that are critical to their success.

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Definitions:

Performance Standards

Benchmarks or expectations for the behavior, outcomes, or performance of a employees or systems, used to evaluate effectiveness.

Bonuses

Additional pay given to employees on top of their regular salary, often as a reward for performance or for special occasions.

Employee Orientation

A process designed to familiarize new hires with the organizational structure, culture, policies, and procedures of the company.

Recruit Employees

To recruit employees means to undertake activities and processes to attract and select individuals for employment positions within an organization.