Why it is important to have performance management systems

Assignment Help Business Management
Reference no: EM132745598

Your organisation has identified a new marketing opportunity.

The design department has come up with a totally new product and the marketing department has conducted appropriate research to determine that there is a market for the product.

A business plan to support the introduction of the new product has been drawn up. Risk analyses and cost-benefit analyses have been completed and it is now time to implement the plan.

The plan contains a number of key results areas (KRAs) and covers testing/ trialling, monitoring and reporting procedure requirements.

You were instrumental in drawing up the plan and you will be in charge of implementing and monitoring the plan to ensure successful implementation.

  1. To whom will you communicate the plan?
  2. How will you ensure that skilled labour is available?
  3. Describe the steps you will take to implement the plan and the procedures you will follow to collect performance data and respond to feedback on performance of the plan.
  4. Explain why it is important to have performance management systems in place.
  5. If issues or problems arise, what actions might you take?
  6. Explain why it is necessary and important to monitor and report on plan implementation.

Reference no: EM132745598

Questions Cloud

Applied to your current or future work position : Discuss the primary manner in which the concepts of this course can be applied to your current or future work position.
Operate from a functional or divisional structure : If you owned and opened three restaurants after you graduated, would you operate from a functional or divisional structure and why?
Conceptualizing framework for global business ethics : There are also detailed descriptions of steps in conceptualizing a framework for global business ethics,
How to create a cash budget for the quarter : A cash balance of $36,000 is planned for July 1. Accounts receivable are expected to be $60,000 on July 1. All but one-half of 1% of the July 1 Accounts.
Why it is important to have performance management systems : The design department has come up with a totally new product and the marketing department has conducted appropriate research to determine that there
Determine the net income attributable to parent : Petron had Share Capital of P1,000,000 and Retained Earnings of P800,000. Determine the Net Income Attributable to Parent
Explain and discuss the balance of scorecard : Explain and discuss the Balance of Scorecard.
Servant leadership from different cultural perspective : You are required to locate two articles that examine servant leadership from a different cultural perspective and two articles that examine servant leadership
Conduct an external-internal analysis : AirAsia realised restaurant dream with 'Santan' outlet at Mid Valley AirAsia's of opening a restaurant is apparently materialising as group CEO and CEO

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd