Fit Stop - 3345 Words

Please find enclosed Case Study One – Designing a Reward System for â€Å"The Fit Stop†, for your review. Using point form, write a brief description of the organization, its employees, and its challenges. What is the organizations domain? (10 points needed) Organization: * The Fit Stop is a new franchise opening in four months. * The Fit Stop will sell all types of training, fitness conditioning and exercise equipment to the general public * The Fit Stop plans to specialize beyond equipment to provide customers with personalized advice geared to customer’s specific training/conditioning needs * It will be starting out with stores in major cities in Ontario and in four western provinces – with plans of expanding to Quebec†¦show more content†¦* The business does not expect to make a profit for a least one year or maybe even two Lack of Experience: * Although the owner has great ideas towards the business, it appears that this is where her main focus is. * The owner has not defined what she will be receiving for investments in wages, salaries and benefits * The owner feels the safest thing to do is to use the same compensation systems as her competitors. This may or may not work because: * The success or failure of â€Å"The Fit Stop’s† reward system depends on how well it fits the organizational context and total organizational system. It is highly unlikely these aspects will be the same as herShow MoreRelatedThe Fit Stop2266 Words   |  10 PagesDetermine your compensation values Step 4 Design your performance pay and indirect pay plans Step 5 Implement, manage, evaluate, and adapt the compensation system Each step is just one part of the total organizational system, each part must fit with and support the other parts. There are three variable patterns into which these parts can be arranged, each pattern represents one type of managerial strategy. Each managerial strategy then relies on a different reward and compensation strategyRead MoreFinancial Planning During Economic Crisis1571 Words   |  7 Pagesprovide. 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Public Transportation is in fact not a public good nor does it fit the traditional definitionRead MoreA Public And Private Partnership And A Reciprocal Community Transport System Essay2020 Words   |  9 Pagestransportation in order to reach a bus stop location. In order to determine applicable solutions for public transit issues, one first needs to understand type of good being provided. Public transportation is sometimes miss interrupted as a public good. The idea arises from the literal interpretation of the words â€Å"public† and â€Å"good† which is understood as a good provided to the public. However, this is not the case. Public Transportation is in fact not a public good nor does it fit the traditional definition