Performance Management Essay Example | Topics and Well Written Essays - 750 words - 5

Performance Management - Essay Example In this regard, supervisors and managers find it significantly better to apply the six reasons from the movie; reasons why performance management fail initiative. When they apply the guidance offered in the movie, the recital of persons, teams, and institute improve. The movie clearly outlines the reasons why performance management fails. Performance management is the interconnected objectives and activities to consider for the performance of individuals, teams, and organizations. In addition, performance management ensures successful accomplishment of organizational objectives (Durai, 2010). This is a fundamental component of a communal domination framework, allowing working group, ministers, and commission to lead, keep an eye on and act in response to how an association delivers against its goals. Performance management demands a framework that joins organizations by; expounding routine objectives and associating them with the firm plans, offering rewards entailing performance compensate and earnings development ruled by performance among others. Moreover, superiors should come up with the idea of what work. When doing this, they should follow the procedure critical to the accomplishment such as alignment, designing routine administration associating to the considerate of the result required by the government and stakeholders (Durai, 2010). Credibility should be employed to involve and win the hold up of members of staff through intelligibility, justice, straightforwardness, and by narrowing the gap amid rhetoric and reality. Integration is a key factor in determining what works. Incorporation enhances the performance in the commercial management formation of the firm (Solomon & American Society for Training and Development, 2009). The performance, the assessment, and the feedback have an impact on the organizational objectives to be

Plato's Allegory of the Cave Essay Example | Topics and Well Written Essays - 750 words

Plato's Allegory of the Cave - Essay Example He expresses a point unknown and less considered by many, that a philosopher could be zero in knowledge. Through the puzzle, the victim of such circumstances only discovers of such truths after a long time. Exposure, which happens to be less in the profession, uncovers such truths hence making it a puzzle that majority of the philosophers are ignorant and hide behind the veil of ignorance. The claim that Socrates makes to be the wisest of all and later declares his ignorance as every other philosopher therefore makes the riddle. Socrates happens to come out as one of the wisest philosophers. By denouncing the level at which philosophers are placed in the society, he tried to connect with what is considered as the real world. He comes out as one who is certain of the shortcomings in his world that other philosophers have not discovered. By saying ‘I know that I do not know’, he comes out as a wise philosopher who knows he does not know everything. He brings out an aspect of acceptance that one can never be self-sufficient. Regardless of how much one is perceived by others to be sufficient, a gap in everybody can only be discovered through exposure. This is the opposite of what the world thinks of philosophers. It is also the opposite of what philosophers think of themselves. To many of them, their small professional world gives them confidence as all knowing. Majority do not acknowledge their struggles as part of a problem emanating from ignorance. To them, the struggles are just part of the process. Allegory of the Cave is a dialogue between Plato’s teacher, Socrates and Plato’s brother. Socrates, who is the main narrator, brings out a dark, congested world inhabited by people in a particular class of wisdom. In that small world symbolized by a cave, there is commonality of knowledge since all are pinned to the same wall. They face the same issues and none of them feels free to explore the outside world even when freedom is declared. The Allegory is given in a setting of a prison where prisoners are put in an underground cave. The cave receives limited light that makes it hard for each one of them to see anything that happens behind them. All they know are their own shadows and those of people passing behind them. Their manner of communication and the things they talk to each other relates to what they share in common. Their discussions are tied around what is common to them and any attempt to release them will not be easy for them. Select one incident from Plato’s Allegory of the Cave that best serves to illustrate the meaning of this statement. According to the allegory, the prisoner disabused of his error and liberation to walk around represents Socrates. Due to the conditions he has been in before, the prisoner is likely to suffer so many things. Part of the problems will be facing the light that has been rare in the former state. Any exposure to the light will be so disturbing but a positive step tow ards discovering the reality outside the prison. The exposure will be the start of getting wisdom as he tries to define different things around him. For example in the Allegory, giving seasons and the years will be a demonstration of newly found wisdom that never existed in the former state. The incident brings out a realization of the real world where fantasies do not apply. Facing realities makes one realize how much they do not know even after being higher in knowledge as per fellow people. To Socrates, getting

Corporate Restructuring Case Study Example | Topics and Well Written Essays - 1500 words

Corporate Restructuring - Case Study Example Organizations need to be more efficient and effective to ward off the challenges of deregulation and hence increased competition. As a result of increased market pressures, it is unavoidable that organizations analyze and redesign all aspects of their business to remain competitive. Companies around the world are awaking to new realities of an intensively competitive domain and have been undertaking extensive restructuring both at the operational and at the strategic levels. Organizations around the world need to make more decisive choices and take the challenges to leap frog to the next phase of growth. Business portfolios need to be restructured and realigned to assimilate the effects of globalization and deregulation. Companies all over the world are exploring various restructuring methodologies such as Cost cuttings, better customer relationship management, Resource Planning, mergers, takeovers and buy-outs to pursue focused growth. Citicorp: Citicorp was the descendant of City Bank of New York which was founded On June 16, 1812, with $2 million of capital, later, in 1968 renamed as First National City Bank. Large corporate banking was the core business of Citicorp and was one of the largest banks in the United States at the time of its merger with Travelers Group. Traveler Traveler Group: Insurance titan Travelers was founded in 1864 in Hartford, Connecticut. In the 1990s, Travelers went through a sequence of mergers and acquisitions, First with Primerica in 1993 and then Aetna's property and casualty business in 1996. Traveler was the first company in America to insure against accidents and to introduce automobile insurance policy. Making of the Giant - Acquisition In October 1996, Citigroup, Inc. was formed after a $70 billion Merger between Citicorp and the Travelers Group. The Travelers Insurance acquisition added property and casualty, and life and annuities underwriting capabilities to the group. It also brought along the Travelers red umbrella logo, which they applied to all the businesses within the group. One notable exception is Citibank, whose logo is Citibank with a red arc over the't'. The Citicorp-Travelers merger has represented a new era of inorganic growth. Motives behind Merger The merger of Citicorp and Travelers Group took place in 1998 against the prevailing US laws such as Glass-Steagall Act which prohibited the merger of a bank with an insurance underwriter. In year 1999, before the trial period provided by Glass-Steagall Act could end, new law, Gramm-Leach-Bliley Act which invalidated previous law was framed, this validated the merger. The main official motive behind this merger was expanding their product mix, customer base and ", achieve cost savings and synergies" and "to leave a bigger footprint". Restructuring after Merger Weill, then CEO of Traveler Group, proposed a structure of co-CEO's, in order to convince Citicorp to merge, consisting himself and John Reed, CEO of Citicorp. This strategy was believed unworkable by many business research analysts. Former Treasury Secretary Robert Rubin was brought in as a moderator between Reed and Weill . But, conflicts within the company eventually forced Reed to come out of the conglomerate. Later three co-CEO's were inducted

Federal Reserve and the Open Market Essay Example | Topics and Well Written Essays - 1000 words - 1

Federal Reserve and the Open Market - Essay Example tions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates; (2) supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers; (3) maintaining the stability of the financial system and containing systemic risk that may arise in financial markets; and (4) providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system (Federal Reserve, 2006). It is important to note that the Fed is not a commercial bank and, therefore, does not operate as such. However, similar to any other bank that has interest as their primary source of income, "the Federal Reserves income is derived primarily from the interest on U.S. government securities that it has acquired through open market operations" (Federal Reserve, 2006). Other sources of income, according to the Feds official website, are the following: interest on foreign currency investments held by the System; fees received for services provided to depository institutions, such as check clearing, funds transfers, and automated clearinghouse operations; and interest on loans to depository institutions. The Federal Reserve System is separated into four main divisions, each with their own set of responsibilities: the Board of Governors, the Federal Open Market Committee, the Federal Reserve Banks, and the Board of Directors. The Board of Governors, which consists of seven members, is mostly responsible for "the formulation of monetary policy" (Federal Reserve, 2006). These seven are also part of the Federal Open Market Committee, which is responsible, on the other hand, for any decision-making regarding "the cost and availability of money and credit in the economy" (Federal Reserve, 2006). The Federal Open Market Committee "is the most important

Marketing Skills Essay Example | Topics and Well Written Essays - 1500 words

Marketing Skills - Essay Example It is also concerned with anticipating the customers' future needs and wants, often through market research." These are the main key factors on which one should concentrate and thus opening the new doors of success in the field of marketing and in this field one should be adaptive to innovations and able to grasp the marketing trends and finally understanding the graph of success & failure of the best applied method. "Advertising is a one-way communication whose purpose is to inform potential customers about products and services and how to obtain them. Every major medium is used to deliver these messages, including: television, radio, movies, magazines, newspapers, video games, the Internet and billboards." But before choosing the advertising media one should concentrate on the following questions and try to answer these questions - What target markets I am trying to reach with my ads What would I like them to think and perceive about my products (this should be in terms of benefits to them, not you) What communications media do they see or prefer the most Consider TV, radio, newsletters, classifieds, displays/signs, posters, word of mouth, press releases, direct mail, special events, brochures, neighborhood newsletters, etc. What media is most practical for me to use in terms of access and affordability (the amount spent on advertising is often based on the revenue expected from the product or service, that is, the sales forecast) Lastly, successful advertising depends very much on knowing the preferred methods and styles of communications of the target markets that you want to reach with your ads. A media plan and calendar can be very useful, which specifies what advertising methods are used and when. "Effective copywriting (also known as business writing) is any writing that sells a product, a service, or even a person. The radio commercial you hear on your way to work is an example of copywriting. The sales letters and advertisements you receive in the mail are examples as well. Even the billboards you see on the highway are examples of copywriting. In other words it means the effective use of words to communicate a sales message. The objective of is to generate leads which are in turn converted to sales. It's only a way, how much footage a person can earn for his products through his ads or the way he presents it to the whole world i.e. attracting customers with the help of words within fractions of seconds." Some strategies are: - 1) Use attention grabbing text to keep users in the site. 2) Avoid making the

Management Journal Essay Example | Topics and Well Written Essays - 1000 words

Management Journal - Essay Example The big question will be how to allocate the available time, say twelve hours and the activities of the day. Theoretically, management can be a cheap course but it is more interesting in a real life situation as the application of the effective concepts of management to actual personal and societal needs and wants (Mejia & Cardy, 2008). We shall analyze management in real life and how proper management or mismanagement is a cost to both the individual and society at large. Management and Planning Our day to day lives involves a lot of activities from waking up, preparing breakfast, going to work, attending social functions etc. Considering the limitation of time in a day, that is, twenty four hours a day and you subtract the medically recommended resting hours, we are left with sixteen hours. The big puzzle is how to attend to all these functions and activities still maximizing their benefits and these calls for planning. This would involve listing down the activities of the day in t heir order of priority and try to allocate appropriate time and resources so as to achieve the desired objective. In real life situation, we will find that during the week some activities will not be of great importance on weekdays and can be scheduled for the weekends. Planning will be of a paramount goal so as rule in the objectivity of an activity and its corresponding returns to you as a person and to the society. Management and Organization After planning your activities and the functions of the day or week, how do you organize them for smooth transfer? As discussed above planning will curtail the order of priority of activities of the day. Organizing these activities is of the paramount importance so as save time and foresee the accomplishment of each one of them. For instance, if on a given day you are supposed to report to work, take your child to the school and visit your bank or financial broker, then you can organize these activities in relation to the length of time allo cated to each activity and the convenience involved. It will be prudent if you first report to work, and then finish our morning duties at work, take the child to the school and finally you can visit the broker in the evening or afternoon. At this juncture, reporting to work and taking the child to school will require the opportunity cost involved such that if the kid is supposed to be in school in the morning, then you can opt to be late to work for a few minutes but first take the child to school. Management and Control In real life situations we are faced with activities which tend to pull us away from the expected or targeted objective. These are short term positive and luring incidences which are too sweet to ignore but they carry a substantial drag of our objectives. For instance, you have a long term goal of saving one million dollars to finance the purchase of a house. After evaluating all of your income sources, factoring out the basic necessities and outsourcing the extra funds, your final plans shows a period of five months to achieve the objective. During this time period, unnecessary opportunities may arise which may require you to withdraw some of the saved income or at the same time divert the monthly saving to cater for â€Å"short- term† that opportunity which in most case they do not bring forth returns so you end up making losses in the venture. Effective management and a solid ground, will allow you to control your spending so as to achieve the intended goal. Management and

Police Ride Assignment Example | Topics and Well Written Essays - 4000 words

Police Ride - Assignment Example Officer Franz explained that he loved his job and that he loved people, and that he planned to stay with the police force for as long as possible. His career choice was to gain about 3-4 more years of experience on patrol. After that, he would take the civil exam and hopefully move up the ladder in rank. Officer Franz then took a break from answering my questions to explain the numerous safety rules for me to follow, which in all honesty I did not mind, as he truly did seem to have my best interest and safety at heart. I had to wear a standard-issue bulletproof vest, which brought home the reality of the ride-along immediately due to the heaviness of the garment. Officer Franz also explained that I would not be allowed to get out of the car at any time during the ride-along, and again stressed safety above everything else. The area he would be patrolling (with me along) was known as Zone 104, which was primarily a college area, with burglary and robberies being somewhat common calls received. He explained that though anything could come up, most often other than those two types of incidents were calls in which adults were possibly taking advantage of college students, college students throwing loud parties and breaking the local noise ordinances, and local juveniles making mischief. Since it was not a high-crime area, he explained that he would be patrolling alone, as was department procedure, though he did emphasize that two officers patrolled together in the high-crime areas. The shift then began with a roll call for all officers, which lasted about 15 minutes. Most of this involved a report from the previous shift, letting the officers know what to be on the lookout for. Areas of interest, including any to watch closely, are passed on from one shift to another for continuity and continuance in investigations. During the ride-along, I had the opportunity to see police procedure in action three times. Two of the incidents that occurred were minor traffic viola tions, yet they gave me an opportunity to ask questions about procedures behind them. The third incident of alleged gang-rape was not minor and in fact caused me to have to remain with Officer Franz an hour longer than my shift was originally scheduled due to its nature, however, upon explanation, I believe you will agree with me that there was no way to avoid this happening. The first incident was a traffic accident involving two vehicles. Officer Franz handled this quite speedily and professionally. He took the car information and licenses of both drivers and ran it through his computer, which turned up nothing in the way of background information that would cause either of them to be placed under arrest. Given this information, Officer Franz then gave both drivers their information back along with a police report number and an incident number and sent both on their way. I found it interesting to learn that there was a keyboard printer in the patrol car. Officer Franz explained it s uses, which the main use is for printing out tickets and citations. He also explained that there was a central computer program used by the police force, Intel, which kept them informed about data available from crimes in the surrounding area. For example, there was a car stolen in Colony and had he pulled over a car with the same make or model.