important? Please explain the advantages and disadvantages of the Graphic Rating Scale, Management by Objectives (MBO), and Behaviorally Anchored Rating Scale (BARS).
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Why the performance appraisal methods are important? Please explain the advantages and disadvantages of the Graphic Rating Scale, Management by Objectives (MBO), and Behaviorally Anchored Rating Scale (BARS).
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- When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so sure. Marge Brygay was a hardworking sales rep for Inspire Learning Corporation, a company intent on becoming the top educational software provider in five years. That newly adopted strategic goal translated into an ambitious, million-dollar sales target for each of Inspire's sales reps. At the beginning of the fiscal year, her share of the sales department's operational goal seemed entirely reasonable to Marge. She believed in Inspire's products. The company had developed innovative, highly regarded math, language, science, and social studies programs for the K— 12 market. What set the software apart was a foundation in truly cutting-edge research. Marge had seen for herself how Inspire programs could engage whole classrooms Of normally unmotivated kids; the significant rise in scores on those increasingly important standardized tests bore Out her subjective impressions. Bur now, just days before the end of the year, Marge's sales were $1,000 short of her million-dollar goal. The sale that would have put her comfortably over the top fell through due to last-minute cuts in one large school system's budget. At first, she was nearly overwhelmed with frustration, but then it occurred to her that if she contributed $1,000 to Central High, the inner-city high school in her territory probably most in need of what she had for sale, they could purchase the software and put her over the top. Her scheme would certainly benefit Central High students. Achieving her sales goal would make Inspire happy, and it wouldn't do her any harm, either professionally or financially. Making the goal would earn her a $10,000 bonus check that would come in handy when the time came to write out that first tuition check for her oldest child, who had just been accepted to a well-known, private university. Initially, it seemed like the perfect solution all the way around. The more she thought about it, however, the more it didn't quite sit well with her conscience. Time was running out. She needed to decide what to do. 1. Donate the $1,000 to Central High, and consider the $10,000 bonus a good return on your investment.The balanced scorecard based on market share, employee commitment and alignment,core competencies, and customer satisfaction are some of the metrics that can be usedto measure Financial Perspective, Customer Perspective, Internal BusinessPerspective, Learning and Growth perspective what other metric can be used as ameasure for each from CASE ANALYSIS: Apple uses the scorecard as a device to plan long-term performanceAdjusting Long-Term Performance and give a few more ideas on how toapply the balanced scorecard.list and describe three of the indicators (i.e., measures) used to monitor and evaluate the effectiveness of a performance management system. When or how often should such evaluations take place? Of the measures you selected, which one would be the most important in understanding effectiveness? Why is it difficult (or not difficult) for organizations to measure the effectiveness of their performance management system? Please share any experience you have in this area.
- Based on the case study, you are required to discuss the followings: - 1. 5 Reasons why the new performance appraisal system at St. Luke’s Hospital is more likely to result in more accurate performance appraisals. 5 Advantages and 5 disadvantages of combining job descriptions, performance appraisals, and competency profiles for development as St. Luke’s did.What are the possible reasons, other than what has been stated in Pink's speech, for the counter productivity of financial performance incentives? What are some of the contributing factors that lead to excellent performance other than financial rewards?The annual performance management process is often considered a necessary burden. Many organizations are questioning the value of this process, particularly in light of remote work and fluctuating goals. How would you transition an organization from an established, annual performance review process to a quarterly review process?
- What are the differences among performance evaluation, management control, and operationalcontrol?Looking from a managerial perspective, why would a firm use a balanced scorecard in evaluating performance? What benefits would be derived from the use of this measure?How should a manager decide what weights to place on the quantitative versus the qualitative factors in an evaluation?( urgent)
- how do managers monitor and control performance, and what are some common metrics used in performance measurement?Assessment Goals The position analyzed is Personal Vacation Planner a. Develop a set of assessment goals for Carnival Cruise. Name and describe each of these goals. b. You are already aware that job-fit is important, but organizational-fit is also important. Based on Carnival’s goals, culture, and strategies what type of person will fit? (Discuss the potential candidate’s desirable values, beliefs, personality, etc. and how these will fits with the values, norms, and culture, etc. of the organization.)The aim behind a balanced scorecard is to provide a comprehensive framework for translating acompany’s strategic objectives into a coherent set of performance measures. It allows managers tolook at the business from four (4) different perspectives.RequiredState and briefly explain the four different perspectives of the balance score card