Question

What are the components of discretionary benefits? Provide two examples for each component of discretionary benefits and identify an organization that effectively includes those benefits in its benefits portfolio.

Answer 1

The Components of Discretionary benefits in the business of social and public nature are interesting to observe. The examples with benefits are:

• The Indian Space research Organization (ISRO) is an organization that performs the International Space programs in India. The organization has it is own Constitutional discretionary to take up projects or scarp them as per their intent and the organization is upon the chief scientists of the organization but even if it been funded fully by the Indian Government it doesn’t have a say in their operations. The benefits have been great that was evident on many occasions in the last decade.

• In public businesses, the business of the P&G brand is one that is FMCH global giant, decades old. The business has its division operating in India discretional power which is on the CEO of the Indian market with the utmost knowledge of its biggest market. This has given the business to make its efforts in new markets giving the Board of Directors given autonomy. The benefits have been immense for the business to have been so big and sustainable in its operations for so long.