In many larger U. S. based firms the matches the overall strategy of the firm and reinforces the emerging from day-to-day activities. reward system; culture retention practices; termination practices orientation practices; development system hiring practices; promotional system performance program; reward system

reward system; culture

Explanation:

Reward systems in an organization provide evidence of the culture practices of that organization. Reward schemes represent the values and norms of the company that people follow or promote. Culture is regarded as an expression of organizational values that guide the organization and groups to advance in positions of power. The concept of performance standards and reward planning (key elements of the reward system) comes from the organizational culture. Many researchers and practitioners have observed the interdependence between organizational culture and reward systems. The reward system develops from the cultural changes that take place in the everyday events of organizational life.

Two trends that i’ve noticed are the following: lifestyle trend of many people seeking fitnessgenerates a business opportunity of opening a gym. another trend is entertainment; popmusic is very popular which generates a business opportunity for record producers lookingto produce music that will sell