Describe the steps of performance management

Reference no: EM132575689

Assignment: Goal-Setting Framework

The first of six steps of performance management consists of goal setting, as detailed in Chapter Three. Assume that you work for the Los Angeles Tribune, a large but struggling newspaper publisher with distribution throughout the Los Angeles region. Various problems have arisen that need to be addressed:

• The cost of paper is rising

• The cost of distribution is rising

• Circulation revenue is down

• Advertising revenue is down, largely due to free online listings offered by Craigslist and other online advertising services

• Customers are largely in the 40+ age range

• The current number of employees cannot continue to be supported if revenue continues to shrink

You have been selected by the CEO to construct a goal-setting framework that focuses on three of the six issues above. In your APA formatted two- to three-page paper, include a goal statement for each of the three issues you've chosen and describe the corresponding strategies, tactics, activities, measures of success, and goal measurements you recommend. Support each with your rationale, citing the textbook as necessary, and be sure to provide specific examples within the activities section. In addition to your two to three pages of written content, a title page and reference page are required.

For this assignment, it is possible to make reasonable assumptions regarding the organization's economic situation and business climate. Be sure to specifically mention any such assumptions that you are making within your paper.

Reference no: EM132575689

Questions Cloud

Determine the total depreciation on plant and machinery : Find The total depreciation on Plant & Machinery and other fixed assets in the last year? ADG Ltd. is considering investing in a new start-up project.

Principal distinct components of international logistics : What are the principal distinct components of international logistics? Please also provide comments on at least two other classmates' contribution,

Tragic events distract people from normal ethical stance : Through our lesson, we learned that tragic events distract people from their normal ethical stance.

Identify the potential risk area or concern : Identify the potential risk area or concern that the planning will address

Describe the steps of performance management : The first of six steps of performance management consists of goal setting, as detailed in Chapter Three. Assume that you work for the Los Angeles.

Relationship between service and inventory levels : 1. How can firms cope with huge variability in customer demand?

Discuss importance of managerial accounting : Discuss the importance of managerial accounting as "decision-making tool" in your organization.

Trade-offs between inputs for productivity improvements : Analyze the trade-offs between inputs for the productivity improvements. Describe a product or service of a specific low-labor-cost country as an example.

What is your experience with coaching and mentoring : In the "Nurturing Leadership" video, Dr. Warren Bennis stated, "Terrific organizations led by outstanding leaders have leadership at every single level.

User Account

All Pages