Chapter 1 Assignment1. Define compensation.2. Identify two companies– one that you believe pursues a lowest-cost strategy and another that pursues a differentiation strategy. Relying on personal knowledge company annual reports or articles in newspapers and business periodicals discuss these companies’ competitive strategies.3. Describe your reaction to the following statement: Compensation has no bearing on a company’s performance.4. Are the three main goals of compensation departments equally important or do you believe that they differ in importance? Give your rationale.
