ECON 308 S10 Week 14 2 CHAPTER 16 Individual Performance Evaluation SETTING PERFORMANCE BENCHMARKS Time and Motion Studies Past Performance and the Ratchet Effect MEASUREMENT COSTS OPPORTUNISM Gaming Horizon Problem RELATIVE PERFORMANCE EVALUATION Within Firm Performance Across Firm Performance SUBJECTIVE PERFORMANCE EVALUATION Multitasking and Unbalanced Effort Subjective Evaluation Methods Problems with Subjective Performance Evaluations COMBINING OBJECTIVE AND SUBJECTIVE PERFORMANCE MEASURES TEAM PERFORMANCE Team Production Evaluating Teams CHAPTER 18 OUTLINE C ORPORATE G OVERNANCE PUBLICLY TRADED CORPORATIONS Corporate Form of Organization Stock Exchanges Stock Ownership Patterns Governance Objectives SEPARATION OF OWNERSHIP AND CONTROL Incentive Issues Survival of Corporations Benefits of Publicly Traded Corporations TOP LEVEL ARCHITECTURE IN U S CORPORATIONS Sources of Decision Rights Shareholders Board of Directors Top Management External Monitors INTERNATIONAL CORPORATE GOVERNANCE MARKET FORCES SARBANES OXLEY ACT OF 2002
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