A. What is Nutriment’s competitive business strategy (refer to a previous chapte

Question

A. What is Nutriment’s competitive business strategy (refer to a previous chapter on strategic planning)? Justify your answer. Explain how this strategy impacts the price of Nutriments products and how that impacts compensation policy and practices. B. Why would Emily hire an outside consultant? Why doesn’t she just conduct the hiring process herself? What are the advantages and disadvantages of using Jack, an outside consultant? C. Should Jack suggest a pay policy to lead, lag, or match the market? Explain the advantages and disadvantages of each policy and choose one.

Explanation / Answer

A. Nutriment's competitive business strategy, the lowest cost strategy because companies realize cost saving by paying lower than the market paypa line. The impacts of this strategy, pay rates fall along the market pay line, represents a safe approach for companies because they generally are spending no more or less on compensation than customer.

B. Outside consulatant see things precisely because they have less experience ,they bring a point of view that is clear for that every reason. this different lens and frame of reference is exactly shows that why an outsider valuable.an outside consultant with credibility can help leaders to see things in a new and very clear way.

The senior executive with major role use the services of consultant.

C.the pay policy that lead to the market is market lead policy. this policy distuinguishes a company from the competition by compensating employees more highly than most companies.this policy is clearly most appropriate, the companies that pursue different strategies.

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