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Chapter 7 -- Defining competitiveness - College of Business ...

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7 - 19<br />

Review Questions<br />

1. Distinguish policies on external <strong>competitiveness</strong><br />

from policies on internal alignment. Why is<br />

external <strong>competitiveness</strong> so important?<br />

2. What factors shape an organization’s external<br />

<strong>competitiveness</strong>?<br />

3. What does marginal revenue product have to do<br />

with pay?<br />

4. What pay level does the efficiency wage theory<br />

predict? Does the theory accurately predict<br />

organization behavior? Why or why not?<br />

McGraw-Hill/Irwin<br />

© 2002 by The McGraw-Hill Companies, Inc. All rights reserved.

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