Compare between nepotism and meritocracy.
What will be an ideal response?
Nepotism and meritocracy are two types of management philosophies.
Nepotism is the management philosophy of selecting and promoting people based on family ties. Nepotism's advantages are involving people you know and hopefully trust in your business, being able to involve the person more completely (in terms of work time and family time) in the business, and having loyalty and support from your worker and their family in return. Meritocracy on the other hand is the management philosophy of selecting and promoting people based solely on their being the most capable person for the job.
If you make a nepotistic decision, what you as the decision maker must do is avoid comparisons of the family member you hired to the one you did not hire. It is your job to make every employee, including family members you hire, best able to contribute to the business.
You might also like to view...
A retailer gauges the effectiveness of a strategy through comparing its performance to a high performance retailer. This illustrates _____
a. downsizing b. competitor analysis c. benchmarketing d. the sales opportunity grid
The type of life insurance that combines renewable term insurance with a savings account paying market interest rates is called ____________________ life insurance.
Fill in the blank(s) with the appropriate word(s).
Enforcement proceedings under the Sherman Act may not be brought by the:
A) U.S. Commerce Department. B) U.S. Justice Department. C) Federal Trade Commission. D) state Attorneys General.
Which of the following policies is a minimum standard for managing customer credit?
A. Continuing credit sales to customers who become significantly late in paying B. Filing suits and liens against the assets of customers who default on payment C. Authorizing credit sales without any credit check to every individual customer D. Providing cash discounts to customers who delay payments