Your text mentions three methods of evaluating jobs:Ranking.Classification.Point method.Prepare a short description of each method, considering:What are the essential weaknesses in each of these evaluation methods?Describe a situation in which it would not be effective for the business. For example, when would ranking be either impractical or unfair? When would the point method be too complicated to be effective in evaluating work for creating a salary structure?Submit your discussion of the job evaluation methods for this assignment.Text:Milkovich, G. T., Newman, J. M., & Gerhart, B. (2013). Compensation (11th ed.). New York, NY: McGraw-Hill/Irwin.

Assignment ObjectivesTo assist the students in evaluating their personal preparedness for entrepreneurship.Deliverable Length: 1,000–1,200 wordsAssignment DescriptionConduct a Feasibility StudyEstablish criteria for identifying and evaluating investment opportunities. Consider the following components:Market factorsCompetitive advantageEconomicsRegarding management, is there a good fit between the entrepreneur and the opportunity?

There is a saying, “Nice guys finish last.” Is this true of organizations? Do companies need to be ruthless to be successful? How can socially responsible organizations also be competitive? How can organizations encourage ethical and socially responsible behavior among their various stakeholders?