This article reviews A History of Management Thought by Morgen Witzel, a graduate textbook on organization and management theory.
Performance-oriented compensation (also referred to as “pay(-ment)”) is a direct or indirect remuneration or variable salary component paid to employees depending on their performance and capacity (“pay per performance”). Additional to other incentive systems or schemes, performance-oriented pay is primarily designed to increase the motivation and performance of professionals and managers, and thus also the productivity and effectiveness of the whole organisation.
Games are not only an integral part of our everyday routine from the early days of our life, but they are also regarded as an effective teaching method in (higher) education. Previous research has shown that business or simulation games in the classroom support problem-based learning.
Xenophon who is referred to as one of the major sources of Socrates’ life and works presents in his Oeconomicus an investigation into the genre of household management and agriculture. The Oeconomicus is often treated as one of the earliest sources of economics.