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Adams 1965 equity theory essay
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Due to the weakening of the economy, low ticket sales, Utah Symphony financial struggle and the collapse of the stock market. The senior board members of the Utah Symphony and the Utah opera are considering merging the two organizations to economize costs, expand the artistic potential, and ultimately prevent a total collapse.
Bill Barley should utilize the Adams’s equity theory of motivation to oppose the merger. Adams’s equity motivation theory is a process theory which deals with people’s perception of fairness in a social exchange relationship (kreitner R., Kinicki A, 2010). People seek to maintain equity between the inputs brought into a job or a project and the outcome attained against the perceived inputs and outcomes of relevant others. In equity theory, individual behavior towards a situation or action is fueled by feeling of equity or inequity. Meaning, a person's reaction to the outcome of their inputs depend on the perception of whether or not they were treated fairing compared to others in the same situation. Negative inequity is perceived by an individual when a relevant person receives greater rewards for the same amount of work. Positive inequity is perceived by an employee when a relevant worker receives lesser rewards for the same amount of work (Kreiter R., Kinicki A., 2010).
Mr. Barley should oppose the merger for several reasons. He should inform the board that Utah opera has been financially responsible with funds in reserve, therefore the organization is financially sound while Utah Symphony are not. The opera employees might perceive the merger as a punishment for the shortcomings of the symphony. It will seem that the board is using the opera’s fund to save the symphony from shutting down. This will res...
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... toward helping oneself (Kreiter R., Kinicki A., 2010). There are five basis power identified by Kreiter and Kinicki and it includes reward, coercive, legitimate, personal, and referent.
Reward power is obtaining compliance by promising to reward an individual or group. The reward may be in the form of bonuses, raise or extra time off from work.
Coercive power involves the use of threat to obtain compliance; it forces people or an individual to submit to authority in fear of losing something important.
Legitimate power, also known as positional power is power derive from occupying a formal position in an organization such as a CEO or being a key member of a leadership team
Expert power comes from an individual’s experience, skills, attribute, and expertise.
Referent or personal power involves obtaining compliance through one’s charisma and personal characters.
establishes some valid points concerning power. He posits that power is something of a self-
A merger is a partial or total combination of two separate business firms and forming of a new one. There are predominantly two kinds of mergers: partial and complete. Partial merger usually involves the combination of joint ventures and inter-corporate stock purchases. Complete mergers are results in blending of identities and the creation of a single succeeding firm. (Hicks, 2012, p 491). Mergers in the healthcare sector, particularly horizontal hospital mergers wherein two or more hospitals merge into a single corporation, are increasing both in frequency and importance. (Gaughan, 2002). This paper is an attempt to study the impact of the merger of two competing healthcare organization and will also attempt to propose appropriate clinical and managerial interventions.
Before granting merger forms The Bureau of Competition was committed to ensuring that involved companies do not create a monopoly in the market and hence reduce competition that may also affect the integrity of the services provided. In most cases the bureau controlling the start and the running of mergers uses the Hart-Scott-Rodino amendments to the Clayton Act (Clark, 2011). Before becoming a part of the merger it is important that FTC does an analysis of the merger to evaluate the effects the merger may have on the businesses. In addition, it is important that FTC gets to have a clear picture of the situation and how it is expected to affect the relations...
Power has been defined as the psychological relations over another to get them to do what you want them to do. We are exposed to forms of power from the time of birth. Our parents exercise power over us to behave in a way they deem appropriate. In school, teachers use their power to help us learn. When we enter the work world the power of our boss motivates us to perform and desire to move up the corporate ladder so that we too can intimidate someone with power one day. In Joseph Conrad’s Heart of Darkness Kurtz had a power over the jungle and its people that was inexplicable.
Negative Results. The negative outcomes of consolidation are often seen in the financial and public relations aspect of consolidating. One of the most prominent and controversial as...
DeLong, Thomas J (2005). "Utah Symphony and Utah Opera: A Merger Proposal." Harvard Business Review, 5-406-027. Boston, MA: Harvard Business Publishing.
The syllables are not. In this way, Gaventa's dissatisfaction with the pluralist approach will be justified and the emphatic ability of the other two dimensions to withhold issues and shape behaviour will be verified as principal agents of Power and Powerlessness. The one dimensional view of power is often called the pluralist. approach and emphasizes the exercise of power through decision making and observable behaviour of the aforesaid. Robert Dahl, a major proponent of this view, defines power as occurring in a situation where "A has power over B to the extent he can.
When discussing power within organizations there are several sources of the power. The first source of power is legitimate power also called position power. Legitimate power influences people’s behaviors based on the position they hold within the organization. An example of this type of power is a manager asking an employee to stay late to finish a project. “Subordinates play a major role in the exercise of legitimate power. If subordinates view the use of
In effect, the two companies were to be run as separate entities; even the headquarters were to remain separate. It would appear a strategy consistent with these goals would severely limit any anticipated synergies of the merger.
...company had established a viable synergy, both going into the agreement with hidden agendas having numerous lawsuits against each other for technology infringement. The alignment is said to have lacked a clear vision, trust and respect from the start, having lost the companies a total of $150 million.
Power is a misnomer. An attempt to adequately define power will ultimately reveal more about the invisible but all too real limits of language. Such a result may seem horrifying, a direct assault on our sense of reason, and, perhaps, it is. Power resists the reasonable request to adhere to the boundaries of its own definition. Power can and upon occasion does exhibit a quality or intensity observed and captured in the written word; yet there is something slippery which allows power to defy a totalizing description. Power is active. Write as we may, power will not be objectified. Any discourse on power thus begins with this disadvantage. There is much to be learned, however, from a study of power, knowledge more valuable than a simplistic definition. By focusing on where power exists and has existed we can also discuss how power relates to or has impact upon knowledge, ethics, and the individual.
There are several sources of power, some of them are authority, reward, expertise, and coercion.
Many people do not differentiate between power and authority. Power refers to a situation whereby people can make decisions or do things in their own way, even against the will of others who were taking part in the same action as they are. Power can either be legitimate or illegitimate. Legitimate power is what we refer to as authority. Illegitimate power is seen as coercion. Authority is respected by all people and is recognized as the best rule.
338).” Business dictionary defines referent power as the, “influence over others, acquired from being well liked or respected by them.” In my workplace, there is a few examples of referent power displayed through administrators, strategists, interventionists, and teachers. In leadership, having the power to influence others and having good characteristics such as being friendly, easy to communicate with, professional, intelligent, and displaying signs that you have high self-esteem and that you are knowledgeable about the material is very helpful in getting individuals to listen to you and follow you as a leader. In my workplace, I feel that some leaders are more popular than others because of the way they conduct business and assist employees with learning different job skills and completing job tasks. Most of the employees in my school building like asking the assistant principals for help because the power they display is with charismatic superior and it makes the job easier for
There are several definitions of power which include: first the ability to command influence over an individual or individual to follow one cause of actions (Vecchio, 2007). This means that an individual can control how others act and direct them to a specific cause of action. The second definition is an individual ability to control on an official capacity the conduct of others (Hogg & Knippenberg, 2003). This means that those who are controlled have an obligation to follow the instruction provided by the person in power.