budget system, each department could secure their own autonomy ofbudget organization and execution. Also they could organizing the budget and attaching the purpose which is focus on program.
Furthermore, It enables effective following-up control which is basis for performance evaluation of the program by suggest each department’s strategy, direction of development, investment plans and perfo
4.3 System
First, MBC holds a performance-related pay (bonus) of which measurement methods consist of personal assessment of boss, ratings and general comments. Secondly, as to information system, online system is installed now. Information like money spent and budget is refined and then transferred to manager, and minor information is shared by every member. Third, planning and budgeting, the b
budgeting, Company usually tries to adopt new system, but they have loss structure ofbudgeting. And they reward employee who properly perform their tasks based on Charter for customers in every months. They plan to Establish a new capital and labor culture based on coexistence : providing management information, On-site Management Briefing
4.4 Style
Top management has priority to happiness o
of things that are not theirs
Ownership gives the owner two important rights to its property.
☞ Dispose of it.
☞ Claim the profits from its use.
Problems
‘principal-agent problem’
‘free-ride’
‘soft budget constraint’
☞ ‘principal-agent problem’
Even if there are some firms which are managed by their majority owners but most of them are man
of the employees, evaluation through a complementary facility, and the process of executing the budget.
SAJO guarantees a retirement age of 55, and gives out bonuses at the end of the year based on their performances. Also, it offers several welfare systems by providing scholarship for the employee’s children, recreational facilities, and implementing staff training through both online and com