Why is it important to monitor performance variablesthat are the most meaningful, not those that are the mosteasily measurable?
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Why is it important to monitor performance variables
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- "Which of the three purposes of performance management (strategic, administrative, development) are new performance management systems like GE’s best suited for? Explain..E. xplain, How can an employee induction program's effectiveness be maximized through strategic measures?What are the differences among performance evaluation, management control, and operationalcontrol?
- 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.Describe the importance of strategic leaders in managing a firm’s resources. Does Mark Zuckerberg meet these performance standards?Appraising Performance, Goall Setting ( Management by Objectives) how effective is this method within and organization?
- Every good employee performance review process seeks to improve how the overall organization performs while supporting the performance, development, productivity and well-being of its employees. How do you set goals for performance? How often should reviews be given and what action plans should be given to those who do not meet agreed goals?In Planning and Strategies: What is the S.M.A.R.T. and how is it used?Do you think that HealthyWe Ltd. would be a suitable organization in which to implement an organizational performance pay plan?
- 1. What are the 5 Functions of Management? 2. What will happen if these functions will be mismanaged? 3. How important is managing of these functions of management? 4. How a manager should manage these functions?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 cardWhat’s the value of an operational process to a company and how canit be executed to avoid bureaucracy?