Examine the major theories of crime causation. Use materials from th.docx

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Examine the major theories of crime causation. Use materials from the text and/or any outside resources to support why crime occurs according to certain theories. Select at least two theories from two separate units within the course (for example, one theory from the unit discussing the Choice theories, and one theory from the unit discussing the Trait theories. DO NOT select theories from the same unit of study, i.e., two theories from the Choice theories). For the Final Project, you have the option of constructing a PowerPoint Presentation with a minimum of ten slides, OR you may write a five-page paper (excluding the title slide/page and references slide/page), that meets the following criteria: Describe the basic elements of each theory, including what the theory considers to be the major factors that cause crime Compare and contrast the similarities and differences between these two theoretical perspectives. Describe any improvements that are needed to enhance each theory. (For example, you might discuss the belief that certain research designs are needed in order to generate necessary information in criminological inquiry; or the belief that new theories are needed altogether; or the belief that components of certain theories should be integrated or combined to form a ‘new and improved’ theory; or finally, you may believe that new questions need to be asked regarding the causation of crime.) Directions for Submitting your Project The paper should: Have a minimum length of five pages, excluding cover page and references page Contain a minimum of two references Contain a viewpoint and purpose that is clearly established and sustained Follow the conventions of Standard American English (correct grammar, punctuation, etc.) Be well ordered, logical, and unified, as well as original and insightful Display superior content, organization, style, and mechanics Follow appropriate citation style You should also make sure to: Include a title page with full name, class name, section number, and date Include an introductory and concluding paragraph and demonstrate college-level communication through the composition of original materials in Standard American English Use double-space and Arial or Times New Roman in 12 point font size Use examples to support your discussion Cite all sources on a separate reference page at the end of your paper and cited within the body of your paper using APA format .

Education

insightful
Display superior content, organization, style, and mechanics
Follow appropriate citation style
You should also make sure to:
Include a title page with full name, class name, section number,
and date
Include an introductory and concluding paragraph and
demonstrate college-level communication through the
composition of original materials in Standard American English
Use double-space and Arial or Times New Roman in 12 point
font size
Use examples to support your discussion
Cite all sources on a separate reference page at the end of your
paper and cited within the body of your paper using APA format

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Executive Compensation and Incentives Martin J. Conyon* Executive Overview The objective of a properly designed executive compensation package is to attract, retain, and motivate CEOs and senior management. The standard economic approach for understanding executive pay is the principal-agent model. This paper documents the changes in executive pay and incentives in U.S. firms between 1993 and 2003. We consider reasons for these transformations, including agency theory, changes in the managerial labor markets, shifts in firm strategy, and theories concerning managerial power. We show that boards and compensation committees have become more independent over time. In addition, we demonstrate that compensation committees containing affiliated directors do not set greater pay or fewer incentives. Introduction E xecutive compensation is a complex and con- troversial subject. For many years, academics, policymakers, and the media have drawn attention to the high levels of pay awarded to U.S. chief executive officers (CEOs), questioning whether they are consistent with shareholder interests.1 Some academics have further argued that flaws in CEO pay arrangements and deviations from shareholders’ interests are widespread and considerable.2 For example, Lucian Bebchuk and Jesse Fried provide a lucid account of the managerial power view and accompanying evidence.3 Marianne Bertrand and Sendhil Mullainathan too provide an analysis of the ‘skimming view’ of CEO pay.4 In contrast, John Core et al. present an economic contracting approach to executive pay and incentives, assessing whether CEOs receive inefficient pay without performance.5 In this paper, we show what has happened to CEO pay in the United States. We do not claim to distinguish between the contracting and managerial power views of executive pay. Instead, we document the pattern of executive pay and incentives in the United States, investigating whether this pattern is consistent with economic theory. The Context: Who Sets Executive Pay? B efore examining the empirical evidence presented in this paper, it is important to consider the pay-setting process and who sets executive pay. The standard economic theory of executive compensation is the principal-agent model.6 The theory maintains that firms seek to design the most efficient compensation packages possible in order to attract, retain, and motivate CEOs, executives, and managers.7 In the agency model, shareholders set pay. In practice, however, the compensation com- mittee of the board determines pay on behalf of shareholders. A principal (shareholder) designs a contract and makes an offer to an agent (CEO/ manager). Executive compensation ameliorates a moral hazard problem (i.e., manager opportunism) arising from low firm ownership. By using stock options, restricted stock, and long-term contracts, shareholders motivate the CEO to maximize firm value. In other words, shareholders try to design optimal compensation packages .

Executive Compensation and IncentivesMartin J. ConyonEx.docx

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Executing the Strategy Learning Objectives After reading this chapter, you should be able to: • Distinguish good operational plans from weak ones. • Detail the value of tracking progress on all operational plans. • Discuss why emergent strategies occur and how they might affect an organization’s current strategy. • Implement the ten basic steps of a generic strategic formulation process. • Manage, improve, and evaluate an existing strategic management process. Chapter 9 Neil Webb/Ikon Images/Getty Images spa81202_09_c09.indd 247 1/16/14 10:08 AM CHAPTER 9Section 9.1 Managing Operational Plans Implementing a strategy (see Figure 1.1) in the real world is not a leisurely swim across a calm pond on a sunny day, but rather like crossing from one bank of a raging river to the other, encountering hidden eddies, fog, driving rain, lightning, and riptides along the way. While it is not impossible to reach the other bank (the goal), the task often becomes one of overcoming obstacles and making constant adjustments without losing sight of the goal. Implementation is like that. Even the most brilliant strategy is worthless if it cannot be implemented. This chapter focuses on strategy execution and its difficulties. Part of the chapter is devoted to assessing, improving, and managing the strategy formulation process itself. 9.1 Managing Operational Plans The process for obtaining board approval of operational plans is covered in this chapter. Exactly what is it that gets approved? An operational plan is a document that specifies the projects or tasks that must be accomplished to achieve particular operational objectives. Many of these plans will contain activities that are ongoing. Some will include plans for enhanced or new services. Details specified in operational plans include the names of those who will be involved and the individual responsible for each one, what equipment will be needed, when each will start and end, and the estimated costs for each activity. Given the level of detail required, it should come as no surprise that an operational plan for a large functional unit, such as the nursing department in a hospital, can run to many pages, as there are lots of activities to be detailed. Operational plans for small HSOs such as physi- cian clinics and community health centers may be just a few pages long unless new strategic initiatives are to be undertaken. It takes contributions from everyone who will be involved in that HSO’s operations to create such plans. They will make sure that continuing current operations are included in the plans, which is easily done. What adds a level of com- plexity and difficulty is incorporating additional tasks demanded by a change in strategy. Consider the following scenarios, which illustrate the difficulty in creating operational plans that involve more than simply repeating what was done the previous year: Javier Larrea/age fotostock/Getty Ima.

Executing the StrategyLearning ObjectivesAfter reading.docx

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Executing Strategies in a Global Environment: Examining the Case of Federal Express 5-7 pages Requirements: 1. An al yz e Fe d era l E x pre ss ’ s v a lu e cr e atio n f r ont i e r , a n d deter m in e w h i ch o f th e f ou r bu i l d i ngb l oc k s o f c o m pet i t i v e a d v a nta g e t h e co m pa n y n eed s i n orde r t o con t i n u e t o m a i n t a i n a b o v e-a v er a g e pro f ita b i l i t y . Provi d ea ra ti o n aletosup p orttheresponse. 2. Deter m i n e th e m a i n aspe ct o f produc t d i ff erent i atio n a n d capac i t y c o ntr o l t h a t Fe d era l E x pre s s c oul d us e i n or d e r t o m a i n t a i n a n ed g eo v e r i tsr i v a l s .J u st i f y t h er e sp on se. 3. A ss es s th e e f f i c i en c y o f Federa l E x pre ss ’ s c ur r en t bu s i ne ss m odel , a n d reco m m en d o n e (1 ) ne w bu s i n es s -leve l stra t e g y t h a t gi v e s t h e co m pa n ya co m p et i t i ve a dvant a g e ove r it s r i v a l s. P r o v i d earat i o n ale f o rthereco m m enda ti on. 4. E x a m in e th e m anne r i n wh i c h overa l l g l o b a l co m pet i t i o n m a y i m pa ct th e n e w bu s i ne ss strate g y tha t y o u re c o m m ende d i n Que s t i o n 3 . Next , su g ge st on e (1 ) si g n i f i c an t w a y t ha t Feder a l E x pre s s m a y c on f r on t i ts g l ob a lc o m pet it i o n .

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1. Examine the major theories of crime causation. Use materials from the text and/or any outside resources to support why crime occurs according to certain theories. Select at least two theories from two separate units within the course (for example, one theory from the unit discussing the Choice theories, and one theory from the unit discussing the Trait theories. DO NOT select theories from the same unit of study, i.e., two theories from the Choice theories). For the Final Project, you have the option of constructing a PowerPoint Presentation with a minimum of ten slides, OR you may write a five-page paper (excluding the title slide/page and references slide/page), that meets the following criteria: Describe the basic elements of each theory, including what the theory considers to be the major factors that cause crime Compare and contrast the similarities and differences between these two theoretical perspectives. Describe any improvements that are needed to enhance each theory. (For example, you might discuss the belief that certain research designs are needed in order to generate necessary information in criminological inquiry; or the belief that new theories are needed altogether; or the belief that components of certain theories should be integrated or combined to form a ‘new and improved’ theory; or finally, you may believe that new questions need to be asked regarding the causation of crime.) Directions for Submitting your Project The paper should: Have a minimum length of five pages, excluding cover page and references page Contain a minimum of two references Contain a viewpoint and purpose that is clearly established and sustained Follow the conventions of Standard American English (correct grammar, punctuation, etc.) Be well ordered, logical, and unified, as well as original and

2. insightful Display superior content, organization, style, and mechanics Follow appropriate citation style You should also make sure to: Include a title page with full name, class name, section number, and date Include an introductory and concluding paragraph and demonstrate college-level communication through the composition of original materials in Standard American English Use double-space and Arial or Times New Roman in 12 point font size Use examples to support your discussion Cite all sources on a separate reference page at the end of your paper and cited within the body of your paper using APA format

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