This chapter focuses on broad review of various literature and models on the research topic. The researcher consulted books, articles, and journals from EBSCO library, search engines and other relevant sources. These materials provide an insightful depth in the study thereby demonstrating the efficacy of developing an effective performance appraisal strategy as a tool for enhancing employee motivation.
Key words: Performance Appraisal, Motivation, performance management, human resource management and Chevron Nigeria.
2.2 MOTIVATING THE WORK FORCE
According to Flippo (2002), “Motivation is the process of attempting to influence others to do their work through the possibility of gain or reward. Motivation implies that one person, in organization
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The balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals. It transforms an organization’s strategic plan from an attractive but passive document into the "marching orders" for the organization on a daily basis. It provides a framework that not only provides performance measurements, but helps planners identify what should be done and measured. It enables executives to truly execute their strategies. The balanced score card has four main perspectives namely learning and growth, business process, customer and financial …show more content…
affects performance management process, starting from the aim of the performance appraisal right through the initial stage of setting the goals to the stage of evaluating the individual, and also influencing the person that provides the feedback and the system delivery process. The next section explores the various types of performance management process.
2.10 PERFORMANCE MANAGEMENT PROCESSES
Reviewed literatures suggested that there are quite a number of elements that can be found in a performance management system since there is no single silver bullet for measuring performance management. These said elements are usually depicted as a performance management cycle (IDS, 2003). Overall, setting objectives and appraisal system are at the centre of the performance management cycle. Literatures suggest that the two areas (setting objectives and appraisal system) might be affected by performance management cultural context (Milliman et al, 1998; Fletcher and Perry, 2001; Lindholm et al,
Performance Metrics: Metrics should be established to measure the success of the marketing plan
An organization can measure its strategic performance by evaluating its competitive advantage or lack thereof in the marketplace. For QSSI, competitive advantage standings are assessed using a combination of customer reports (e.g. rankings) and internal key performance indicators (KPI). The government’s pay for performance ranking system evaluates and rewards QSSI for performance in addition to expenses such as time and materials on a quarterly. The pay for performance ranking also correlates to the incentive fee amount the organization will receive and serves as past performance documentation. Achieving high-ranking scores is important because the scores are used as part of bidding proposal packages for future contracts.
By using balanced scorecard in healtcare management,which is the Office of Strategy Management,it can help the healtcare industry such as hospitals,pharmaceutical company and many more in focusing on strategy execution and alignment. From this,it can help against cost overruns and ineffificient implementation,as example the cost or fees at hospitals. Bob M.D,(2012). In hospital’s management,Balanced scorecard will get the focus towards the patient and meet the expectations.
Lowes Companies, Inc. The Home Depot, Inc. Menard, Inc. Open more stores Open more stores Slowly controlled growth Target women Target DIY Target DIY, customer centric Centralized distribution Increase regional distribution centers Hub-and-spoke distribution system Better store appeal Improve supply chain and merchandizing tools.
It looks at the strengths, weaknesses, opportunities, and threats in a company. With the analysis of this company, it is crucial for the management team to work on strategies that will help it in overcoming the threats that is forcing them, including, the threat of increased competition and having lower ratings. Overcoming threats can be done by taking advantage of opportunities which are available like marketing strategies aimed at attracting new customers and maintaining the existing customers. Bibliography Griffin, R. W. (2012).
Recognizing an organization’s mission and values in the strategic planning process is always the first step. To a few organizations, this step would include revisiting and occasionally reworking the mission and values if necessary. To some organizations, it would be the first time they are sitting their mission and values. “Mission statements define the nature, purpose, and role of organizations; focus resources; and guide planning” (Keeling 213). They represent the route wherein the organization is proceeding.
In other words, it combines data about an organization’s current position with people’s ideas and dreams about its future, so that the business can build an energizing vision to work toward. It seeks to understand the whole system by including the voices of the relevant stakeholders. This evaluation helps focuses
Although motivating employees can be a challenge, a number of theories about motivation at work can be used as a basis for creating practices, procedures and processes to affect employee
The system needs to be productive or it will be a waste of money and time, this makes a virtual as a potential to refine employee’s performance. The performance appraisal will lead to a behavioral change when an individual accepts the system (A. Elverfeldt, 2005). The system used in performance appraisal has the roots and become more powerful in almost all the organization through the world. These are the assessment of the performance of an employee or employer, whom one is concern about (D. Goel, 2010). According to E. Lawler, G. Benson and M McDermott, 2012 performance appraisal is a censure powe of management practices, criticism ranging from an extensive waste of time to their having a negative impact on the correlation between managers and their subordinates.
Self-Assessment Evaluation The self-assessment evaluation signifies some essential traits and strengths whereby, critical understanding of this analysis can adequately improve my capabilities and personality in management skills. However, my present results in self-awareness are unsatisfactory to me, particularly in emotional intelligence. Personally, I am sensitive to issues, but I have learned to maintain my calm (sentiments), more so, when disappointed by an individual or a situation, which may result to negative implications such as making illogical or unreasonable decisions. Nevertheless, the only positive thing with such weakness is that I always understand other people’s emotions, which means, I rarely hurt anybody, but I still end up
Balanced score Card?: WalMart Balanced Score Card?: WalMart University of Maryland University College By Robert T. Jordan Professor Smith DMBA 620 March 9, 2018 Introduction Balance score card (BSC) is a strategic tool used to enhance the performance management of a company. The BSC is very popular and it is widely used by companies and organizations throughout the world. A BSC helps companies set targets, set organizational goals, and achieve organizational goals.
Motivation is the force that pushes us to do things: It is a result of everyone needs being satisfied so that employees have the inspiration and ability to complete the respective task given. So will employees be motivated and perform to their capability by giving them good welfares, benefits and money? Money makes the world go round, it can be considered as an engine to push human’s limits but peers motivation and intrinsic desire to a good job are the real motivators in today’s workplace. Intrinsic and extrinsic motivation There are two types of motivation, intrinsic or extrinsic.
Performance Management Performance management according to --- is a function that that embraces activities such as articulated goal setting, uninterrupted progress reassessment, regular communication and feedback, as well as coaching for better performance. Likewise, it involves execution of employee development plans and rewarding accomplishments. In other words, performance management focuses on improving employee performance along with effort via a process that supports employees to get personal and professional fulfilment by a feel of purposeful contribution. In organisations, management is responsible for meeting organisational objectives through the involvement of others; through evaluating the performance of systems and human resources.
Culture is comprise of religion values ,economy ,languages ,class ,material items ,social institutions ,customs ,manners ,education, policies and attitudes (Czinkota & Ronkainen ,1993).Kirkman and Shapiro (2001) described that cultural diversity affect the management styles .He stated that managers with different cultural backgrounds showed different behavior, attitudes, beliefs and basic values. Moveoneinc (2013) stated that culture has prodigious impact over the management style. For example, in Japanese firms almost all employees are participating in the process of decision making. But in the society of America, only top management is involved in the decision making of important and vital matters. In the same way, reward systems are designed on individual performance in western countries and America whereas individual performance has less significance in Japanese firms.
Motivation refers to the process by which a person’s efforts are energized, directed, and sustained towards attaining a goal. This definition contains three main elements which are energy, direction and persistence. Firstly, energy element is a measure of intensity or drive as how much does the motivated person tried. For direction, it states that the employees` effort that directed toward, and consistent with, target organizational goals of their company. Finally, motivation includes a persistence dimension which persist them in putting effort to achieve the goals.