managerial economics and its affect on the usaf

In this paper you will focus on the following:

1. Provide a description of the company at which you work(ed). “Air Force”

2. Describe an “agency problem” (not just any problem) within the firm and discuss what you think is causing

the problem and how the problem might be better controlled. “Promotion by testing instead of merit”

3. Describe the job dimensions of the firm and discuss whether or not you believe the current design is

appropriate for the firm. Discuss any suggestions you might have for improving the job design.

4. Describe the compensation package for executives/employees within the firm and discuss whether or

not you believe that the compensation package is effective. Discuss any suggestions that you might have

for improving the compensation package. “Great compensation package and retirement”

5. Describe the individual performance measures for executives/employees within the firm and discuss

whether or not you believe that the performance measures are effective. Discuss any suggestions that you might have for improving the performance measures. “Stratifying performance ratings has messed up the system, because it benefits people who suck up instead of work hard”

 

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