Part of Smith's idea for Blossoms Up! strategic organizational objectives is the creation and hiring of a Vice-President of Operations. The position will oversee the company's transformation to a high-technology entity in all phases of the business. Based on the job description completed in Week 1 and considering other factors that should be included in total rewards for this position complete the following:
Design an executive compensation package for this position linked to this strategic organizational objective.
Supplemental short- and/or long-term incentive compensation plans.