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Bingel [31]
3 years ago
13

An effective performance management system is comprised of four steps: defining performance, monitoring and evaluating performan

ce, reviewing performance, and providing consequences. This activity is important because, when administered properly, an effective performance management system is a powerful tool in your managerial repertoire for enhancing individual, group, and organizational effectiveness.
The goal of this exercise is to challenge your knowledge of the steps in the performance management process. cuook. Match each person to the step of performance management that his or her description best exemplifles.
1. Define Performance
2. Review Performance
3. Provide Consequences
4. Monitor and Evaluate Performance
Match eech of the options above to the items below.
A. Aileen and her supervisor discuss how the market is looking and how much of an increase sales she believes is realistic and attainable for this year.
B. Quentin has a discussion with his supervisor about how sales are going and whether or not it looks like he will make this year's budgeted sales figures.
C. While Vonda's sales are strong, they do not appear to be in line with what she and her supervisor anticipated, so they are meeting to discuss how she can boost her sales In time to meet her goals.
D. Yang receives his bonus check when he beats his sales goals by 10%.
Business
1 answer:
UkoKoshka [18]3 years ago
7 0

Answer:

Marching items with Performance Management Steps:

Item    Performance Management Step

A.        Define Performance

B.        Review Performance

C.        Monitor and Evaluate Performance

D.        Provide Consequences

Explanation:

1. Define Performance:  This is the stage when performance objectives and goals are clearly defined and agreed upon.  The best performance goals are SMART goals, which are specific, measurable, attainable, realistic, and time-bound.

2. Review Performance: This is the stage when a goal is reviewed in the light of operational realities.

3. Provide Consequences: This stage issues the reward and punishment for either good or bad performance.

4. Monitor and Evaluate Performance:  This stage enables realistic goals to be reset amidst performance uncertainty.

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Effective

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Maarja's Razors is implementing effectively the segregation of duties. Key processes are performed by more than one person, and this helps in flexibility of operations.

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3 years ago
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You are considering a project and are concerned about the reliability of the cash flow forecasts. To reduce any potentially harm
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Answer: A. Lowering the degree of operating leverage.

Explanation:

The degree of operating leverage measure how much the earnings from a project will change as a result of sales.

If you are worried about the cash flow forecasts, it would be best to lower the operating leverage so as to reduce the forecasting error associated with the project. If the operating leverage is high then a small change in sales could impact income in a relatively huge way. By reducing the DOL, the cashflow from the project is easier to forecast and therefore more reliable.

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3 years ago
Lyle corp. is a distributor of pharmaceuticals and sells only to retail drug stores. lyle received unsolicited samples of non-pr
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The determinants of aggregate demand Multiple Choice explain shifts in the aggregate demand curve. explain why the aggregate dem
tamaranim1 [39]

Answer:

shifts in the demand curve

Explanation:

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The determinants of aggregate demand are factors that could cause shift in aggregate demand curve either to the left or right. A shift in aggregate demand curve to the right means an increase in quantity demand while a shift to the left means a decrease in quantity demand at every price level.

The determinants are ;

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Consumer expectations- When consumers expect price of goods to be high, demand curve would shift to the right and vice versa.

Price of related goods- An increase in price of related or complementary good would cause the demand to either shift to the left or right.

Income of the buyers - Increase in come of buyers would shift the demand curve to the right and vice versa.

Taste or preference of consumers- When consumer's preference shift in favour of a product, demand for such product would increase thus shifting the demand curve to the right.

3 0
3 years ago
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Answer:

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Based on the scenario being described it can be said that this  indicates that Venus Inc. did not understand the cultural environment in India. A cultural environment are the different beliefs, practices, behaviors, and norms that exist in a society. Cows being sacred is a belief in Indian culture, and the lack of this knowledge is what caused the marketing strategy to fail.

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