How would you convince the managers of tt corporation

Assignment Help Management Theories

Reference no: EM133673264

Read the case on TT Corporation below and then respond to the requirements that follow. TT Corporation.

TT Corporation, a global leader in the technology sector, is facing increasing competition and evolving market dynamics. To maintain its position as an industry frontrunner, TT recognizes the critical need to align its performance management processes with strategic planning. This case aims to provide a comprehensive understanding of how performance management can be strategically linked to the organization's overall goals and objectives.

Company Overview: TT Corporation, founded in 1990, has grown into a multinational conglomerate with operations in over 30 countries. The company specializes in developing cutting-edge technology solutions, ranging from hardware to software and advanced services. With a workforce of 50,000 employees, TT is committed to innovation, sustainability, and customer satisfaction.

Vision Statement: "To be the leading Technology Solutions Company in 2030"

Mission Statement: "Build Great Products That Connect the Next-Generation Computing Experiences ensuring maximum customer satisfaction and commitment"

Strategic Objectives: TT Corporation has identified the following strategic objectives to address the challenges:

1. Innovation Leadership: Become a leader in technological innovation by investing in research and development and fostering a culture of creativity.

2. Global Market Expansion: Successfully expand into emerging markets by tailoring products and services to local needs and establishing strategic partnerships.

3. Talent Management: Attract, retain, and develop top talent through comprehensive talent management strategies, including training, mentorship, and competitive compensation.

4. Operational Excellence: Achieve operational efficiency through the adoption of cutting-edge technologies, streamlined processes, and a data-driven decision-making approach.

Current challenges Faced by TT Corporation:

1. Intense Market Competition: TT faces stiff competition from emerging startups and established competitors, making it imperative to continuously enhance its competitive edge. 2. Technological Advancements: The fast-paced evolution of technology demands that TT stays ahead of the curve in terms of product development and innovation.

3. Global Expansion: As part of its strategic plan, TT is eyeing expansion into new markets, necessitating effective workforce management and performance optimization.

4. Talent Retention and Development: Retaining top talent and fostering continuous employee development are key concerns for TT, given the competitive talent landscape in the technology sector.

By strategically aligning performance management with its overarching strategic plan, TT Corporation aims to create a workforce that is agile, innovative, and focused on achieving the company's long-term goals.

ACTIVITY TWO:

Respond to the questions below to demonstrate your understanding of linking Performance Management to Strategic Planning:

1. As a graduate of the UWI, Jamaica B.Sc Programme with a major in Human Resource Management, how would you convince the managers of TT Corporation that it is critical that their performance management system is aligned with their strategic goals? Provide examples from the case.

2. Having read the Chapter on Performance Management and Strategic Planning (Chapter 3), by Herman Aguinis based on the case what evidence is in the case, TT Corporation that reflects that strategic planning was undertaken by the Company. Justify your answer and also provide examples to support your response.

3. Do a job description for either a Computer and Information Systems Designer or Computer and Information Research Scientist at TT Corporation that would be aligned with the strategic objectives of the Company: Justify the decisions made in doing the job description.

Reference no: EM133673264

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