NMIMS MBA Performance Management System Solved Answer Assignment
16
Oct
2024
Performance Management System
Q1. You are an HR Manager at Roohi Medical Devices Ltd. The company would like to introduce Self Appraisals for the Sales Teams. Design a Self Appraisal Form for Sales Executives in the organization. (10 marks)
Introduction
Performance management is a tool that corporations use to assist managers in adequately evaluating and monitoring the work that their workers do. Performance management aims to establish a working atmosphere in which employees may effectively perform to the best of their ability and contribute to the company’s success.
Concepts and Application
Define the concept and importance of self-appraisal within organizations: A company’s human resources (HR managers) are responsible for developing training programs and determining which employees have the best skill sets. In addition, measuring employees’ performances is a crucial tool for management that helps encourage and support the practical improvement of a company. The performance evaluation of workers in the company is carried out using documents known as appraisal forms, which HR managers manage.
Conclusion
As a result, the worker, the HR Manager, and executives or all members have considered the importance of the self-evaluation for the preceding part as a crucial component to boost performance. Self-evaluation has its drawbacks, one of which is that employees consciously analyze their performances, regardless of whether the arrangements inside the organization are low or high.
Q2. “Tara Styles” is a fashion, cosmetics and beauty brand that caters to male and female products. The company has been growing at a rapid phase and now plans to reach a pan-India presence. Prepare a Balanced Scorecard for “Tara Styles”, covering one goal each in the Financial, Customer, and Business Process and Learning & Growth quadrant. (10 marks)
Introduction
Tara Styles is a brand that caters to male and female customers, offering them items and services related to fashion, cosmetics, and beauty. The firm is expanding thanks to the new plans and phase development implemented to investigate the company’s global footprint in various regions across India.
Concepts and Application
Define a balanced scorecard for the company and its requirements: A balanced approach is achieved by utilizing ideas that effectively measure strategic measures. For instance, based on lower and higher measurements to improve strategy level and accuracy to execute effectively, the turning strategy is regarded as the best action the organization can do now. However, traditional financial methods are also helpful in obtaining the best modifications and concentrating on a more balanced view in a very competitive market.
Conclusion
Consequently, to construct the company scorecard. The corporation has found that strategic mapping is the best ways to handle appropriately entitled the modifications and support an adequate internal financial business process. Support for the customer’s development and education is included in the business.
Q3. You have joined as a Team Leader at “YourWorkSpace”, which is a co-working space wherein different companies lease offices/workstations.
Using the SMART principles, prepare 2 goals for each of the following:
a) Sales Manager at “YourWorkSpace” (5 marks)
Introduction
The firm’s managers must formulate the company’s business purpose to accomplish a desired result within the constrained and predetermined time frame. In this section, we will discuss the two primary objectives, which are especially important for the sales managers of this organization. The SMART principles will be discussed in greater detail as we move through YourWorkSpace.
Concepts and Application
Concepts of SMART Principles for sales manager: It is mentioned how an effective strategy to manage the business plan and successfully fulfill the business goals is to adhere to the Smart principles that the company has adopted. However, practical ideas for businesses enable the organization to give the finest consideration and response to the situation at hand.
Conclusion
As a result, the organization’s management has defined measurable goals to increase the business values by developing the best measurable changes and describing the best adjustments. In addition, the sales manager of “YourWorkSpace” has devised the most effective time-bound timetable to meet the regular basis target and boost the company’s relevance.
b) Admin Manager at the company (5 marks)
Introduction
The primary duty and obligation of the company’s admin manager are to coordinate and organize the system and administrative process to generate the best streaming changes in the organization.
Concepts and Application
Roles and responsibilities of admin manager according to Smart principles: Coordination and planning are believed to be the administrative process in any business, followed by creating a system to investigate the streaming process in the sector. Setting out the total office space in the company is one of the administrative responsibilities, along with training and recruiting new employees.
Conclusion
Handling the best operation and providing support for competitive services has been the overarching professional obligation of administrative managers. As a result, the company’s executive management has been monitoring the company’s administrative, paperwork, and inquiry process to guarantee the most efficient workflow possible in the organization.
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