Top management evaluation
The CEO and top management team are evaluated by the following means:
⦁ Success of strategy implementation.
⦁ Corporation audits.
⦁ Board of Directors.
⦁ Compensation committee.
Hunger and Whelen (2007) state that while the board of directors is concerned overall with profitability, however, with the support of the compensation committee, the focus is also on the CEO's ability to establish strategic direction, build a management team and provide effective leadership within the organisation.
A leader is much more than just a figurehead. A true leader is the person who will make things happen that are different from the things that are happening now. It is difficult to define precisely what it is that makes someone a leader, but some things stand out.
⦁ Success of strategy implementation.
⦁ Corporation audits.
⦁ Board of Directors.
⦁ Compensation committee.
Hunger and Whelen (2007) state that while the board of directors is concerned overall with profitability, however, with the support of the compensation committee, the focus is also on the CEO's ability to establish strategic direction, build a management team and provide effective leadership within the organisation.
A leader is much more than just a figurehead. A true leader is the person who will make things happen that are different from the things that are happening now. It is difficult to define precisely what it is that makes someone a leader, but some things stand out.
In addition, Hill (2007) points out that manager's evaluation should take into consideration how hostile or benign the country's environment is for business and make allowances over items for which the manager has no control e.g. inflation rates, interest rates, exchange rates.
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