MGT 520 SEU Performance Management Discussion and Responses

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Business Finance

MGT 520

Saudi electronic university

MGT

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Chapter 3 discusses various aspects of strategic planning and how it is important to link performance management to strategy. Imagine you are the HR executive of your organization (or any organization you are familiar with) and are responsible for aligning the performance management system to the strategic plan. How would you ensure that your employees’ goals are aligned to the mission and vision statements of your organization? Why will job analysis and developing suitable job descriptions be helpful? What would you do to gain employee support for your new performance management system?

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Tank you so much my dear I promise to deal with u if I faced any difficulties or need help cuz u did a great discussion and hopefully to have the full mark.Now, I need 3 replies related to the same title of the discussion, 2 for my classmates and one for my doctor's comments. I'll send my Dr. 's comment later but now I need 2 for my friends.The replies must be one paragraph and include citation and one reference at least.  Replay for my classmate Munerah...Munerah The Strategic PlanningStrategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization’s direction in response to a changing environment (Strategic Planning Basics 2020).Aguinis, H. (2013) The main goal of strategic planning is to allocate resources in a way that provides organizations with a competitive advantage.Strategic planning serves the following purposes:First and foremost, strategic planning allows organizations to define their identities. In other words, it provides organizations with a clearer sense of who they are and what their purposes are.Second, strategic planning helps organizations prepare for the future because it clarifies the desired destination. Knowing where the organization wants to go is a key first step in planning how to get there.Third, strategic planning allows organizations to analyze their environment, and doing so enhances their ability to adapt to environmental changes and even anticipate future changes. Although knowledge of the environment does not guarantee that an organization will be more likely to change and adapt, knowledge is the first step toward possible adaptation.Fourth, strategic planning provides organizations with focus and allows them to allocate resources to what matters most.Sampson Quain (2017) When properly crafted, a mission statement encapsulates an enterprise’s core values and beliefs. In addition to expressing a firm’s goals and objectives, an effective mission statement also operational and service standards for employees to follow to achieve those goals and objectives, whether in manufacturing, customer service, or any other element of the company’s operation.Iloka Benneth Chiemelie (2017) Considering that the mission is a roadmap of where company wishes to be in the future (in terms of how big it wants its market share to be, reputation, performance, return etc.), a flawed road map will potentially bring about a flawed destination in the sense thatIt will not allow the company to attain its objectives;It will not allow the company to attain its values and goals; andIt could potential lead the company to failure.In addition, Sampson Quain (2017) add if ineffective mission statements may lack specificity and provide no direction for employees to follow. Statements that are too broad will not define a company's ethos in an original way. And also if mission statements unrealistic goals lead to diminish credibility and ambitious, it can harm its employees ability to meet stated goals.Flawed statement affect the development of a unit’s mission statement and subsequent individual job descriptions and goals. It will shift their role to the flawed statement, which can be potentially different from what the company aims to achieve. This is because the statement is the guiding principle to the corporate process – in terms of objectives, roles and accountability Iloka Benneth Chiemelie 2017).____________________________________________________________________________________My second classmate is Sara Today every organization exists is facing a lot of changes whereby managers seek to adapt to those changes in able to reach high performance and reach as well the organizational goals. Changes can be strategical, technological, internal and change in people (Robbins and Coulter, 2016) also external changes can occur such as political, economy and competition. One of the most important key agents for change in any organization is the human resource. The role of the human resources department in any organization is applying an effective successful strategy needed to help in achieving the organizational goal. Human resource is an ongoing process of change in organizations.   (Gelbard, Ramon-Gonen, Carmeli, Bittmann, & Talyansky, 2018)        As an HR executive  to ensure my employees’ goals are aligned to the mission and vision statement of the organization, I will help in providing the needed input for each Unit in the organization for developing the strategic planning, HR initiatives should be to provide  achievement of the organizational goals  by the participation of HR to lead each Unit in the organization to the needed target. This is by  assessing the employees through developing effective plans to overcome any obstacles and sustain success in every task they should do. By creating certain policies for each level in the organization,top, middle, lower levels every employee will know the rules, the missions, the visions, and everyone will work knowing where they are supposed to achieve with clarity along the process.  ( Adeniji , Osibanjo and Abiodun ,2013)for example if I notice there are very low performance in sales I should try to find the problem and then find a suitable plan to overcome it and solve it , first I might monitor the employees' abilities in sales and if I find any problems regarding sales  I should focus on training them in the areas where they have some weaknesses and monitoring their progress even after the training to find out what have they learned and did it help them or not.    Job analysis is important to create a clear vision for each employee and it will specify the needed tasks for each employee. .   ( Adeniji , Osibanjo and Abiodun ,2013)Such For IT department should have employees qualified to deal with data, data analysis, being able to use the right programs for each unit and being able to fix any problem that occurs in the system used in the organization.       To Gain support for my new management system I should support employees through the process, All employees should be included in any changes that may occur, as a leader, I need to educate, participate, task support, provide emotional support and incentives to employees to motivate them. I can also provide incentives for the most productive unit in the organization to motivate them all to perform better and to show them that I appreciate their work. Employee involvement is very important because they will feel empowered in authority and responsibility (Mathieu, Gilson and Rubby, 2006) as an HR executive, I should make sure that that each Unit’s strategic plan should increase the knowledge of my employees, increase their management skills and decision making. according to  Jones ( 2010), there are some types of resistance to change that may occur during the process of change and there is a different strategy to handle each level as an HR executive I should focus on knowing how to manage it according to its severances .

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Chapter 3 Performance Management and Strategic Planning Copyright © 2019 Chicago Business Press 3-1 Overview ◼ ◼ ◼ Definition and Purposes of Strategic Planning Linking Performance Management to the Strategic Plan Strategic Planning Process • Critical Role of HR in Strategic Planning • Devising an environmental (i.e., SWOT) analysis • Produce state-of-the-science mission and vision statements, objectives, and strategies • Devise effective job descriptions ◼ Building Support Copyright © 2019 Chicago Business Press 3-2 Strategic Planning: Definition ◼ Process • Describe the organization’s destination • Assess barriers • Select approaches for moving forward Copyright © 2019 Chicago Business Press 3-3 Strategic Planning: Goal ◼ ◼ Allocate resources to provide the organization with competitive advantage Blueprint that defines how the organization will allocate its resources in pursuit of its most critical and important objectives Copyright © 2019 Chicago Business Press 3-4 Strategic Planning : Overview ◼ Organizational Strategic Plan • Mission; Vision; Objectives; Strategies ◼ Unit Strategic Plan • Mission; Vision; Objectives; Strategies ◼ Job Descriptions • Tasks; Knowledge; Skills; Abilities Copyright © 2019 Chicago Business Press 3-5 Linking Performance Management and Strategic Plan ◼ ◼ ◼ The Balanced Scorecard Approach What are key elements of the balanced scorecard approach? How can this approach create congruence between performance management and the strategic plan? Copyright © 2019 Chicago Business Press 3-6 Strategic Planning Process ◼ ◼ ◼ ◼ ◼ ◼ ◼ Critical Role of the HR Function Environmental (SWOT) Analysis Mission Vision Objectives Strategies Job Descriptions Copyright © 2019 Chicago Business Press 3-7 Strategic Planning Process Critical Role of the HR Function ◼ ◼ ◼ Communicate knowledge of strategic plan Outline knowledge, skills, and abilities (KSAs) needed for strategy implementation Propose compensation systems Copyright © 2019 Chicago Business Press 3-8 Strategic Planning Process Environmental Analysis Identifies external and internal trends ◼ To understand broad industry issues ◼ Used to make decisions using “big picture” context Copyright © 2019 Chicago Business Press 3-9 Mission A good mission statement answers: ✓ Why does the organization exist? ✓ What is the scope of the organization’s activities? ✓ Who are the customers served? ✓ What are the products or services offered? Copyright © 2019 Chicago Business Press 3-10 Mission Statement Should Contain: Copyright © 2019 Chicago Business Press 3-11 Vision ◼ ◼ ◼ Statement of future aspirations Focuses attention on what is important Provides context for evaluating • Opportunities • Threats Copyright © 2019 Chicago Business Press 3-12 A Good Vision Statement: Eight Characteristics Copyright © 2019 Chicago Business Press 3-13 Objectives ◼ What organization hopes to achieve in the medium- to longrange period •Next three to five years Copyright © 2019 Chicago Business Press 3-14 Objectives ◼ ◼ ◼ ◼ ◼ More specific information regarding how mission will be implemented Basis for making decisions by keeping outcomes in mind Allows for comparison of what needs to be achieved versus what each unit, group, and individual is achieving A source of motivation Provides employees with a more tangible target for which to strive Copyright © 2019 Chicago Business Press 3-15 Strategies ◼ ◼ Descriptions of game plans or how-to procedures to reach the stated objectives Address issues of: • Growth • Survival • Turnaround • Stability • Innovation • Talent Acquisition • Leadership Copyright © 2019 Chicago Business Press 3-16 Strategic Plans at Unit Level ◼ ◼ Every Unit mission statement, vision statement, goals, and strategies Must clearly align with and be congruent with Organization’s mission statement, vision statement, goals, and strategies Copyright © 2019 Chicago Business Press 3-17 Job Descriptions ◼ ◼ Need to be congruent with and support the organization and unit mission, vision, objectives, and strategies Provides information about the various tasks performed, together with a description of some of the KSAs required for the position Copyright © 2019 Chicago Business Press 3-18 Building Support— Answering “What’s in It for Me?” ◼ For top management support: • Emphasize that PM helps carry out an organization’s vision ◼ For support from all levels: • Clearly communicate nature and consequences of PM • Involve employees in the process of PM design and implementation Copyright © 2019 Chicago Business Press 3-19 Individual and Team Performance ◼ ◼ Organization and Unit mission, vision, goals lead to → Performance management system, which: • Motivates employees • Aligns development plans with organization priorities Copyright © 2019 Chicago Business Press 3-20 What’s In It for Me (WIIFM)? ◼ ◼ ◼ Answering the What’s in it For Me (WIIFM) question How does answering this question build support for the performance management system? What role does context play in crafting the message about performance management? Copyright © 2019 Chicago Business Press 3-21 Quick Review ◼ ◼ Definition and Purposes of Strategic Planning Linking Performance Management to the Strategic Plan • Critical Role of HR in Strategic Planning • Devising an environmental (i.e., SWOT) analysis • Produce state-of-the-science mission and vision statements, objectives, and strategies • Devise effective job descriptions ◼ Building Support Copyright © 2019 Chicago Business Press 3-22 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Printed in the United States of America. Copyright © 2019 Chicago Business Press Copyright © 2019 Chicago Business Press 1-23
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Running head: PERFORMANCE MANAGEMENT

Performance Management
Name
Institutional Affiliation
Date

1

PERFORMANCE MANAGEMENT

2

Performance Management
It is worth noting that performance is managed in every business, something that makes it
possible for managers to plan as well as set work targets and also measure and monitor workers’
effectiveness. As far as this is concerned, it becomes proper to note that the finest way to run the
performance management process is to manage it not only for the workers’ own advancement
objectives but also for driving business results. Leaders of an organization can make sure that the
strategic goals of their company are realized, and this is by aligning employee performance
management with business strategy. Therefore, the following paragraphs are focused on
describing how to align performance management system to the strategic plan.
As the HR executive of Walmart, there are various approaches to ensuring that
employees’ goals are aligned to the mission and vision statements of the organization. It is worth
noting that most workers desire to participate in doing the right thing as they would want their
organization to succeed. However, it is pro...


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