...Performance Appraisal Systems In the Retail Industry Performance Management Systems Introduction Performance management is an ongoing process and one of the most important responsibilities of a manager's job. The company I work for has a very detailed and efficient performance management system. The appraisals are fair and uniformly applied to all employees. Every associate in the company is reviewed quarterly and annually. The performance appraisals help management review the company’s results for previous year and help the employees establish personal job objectives for the upcoming year. They also help to identify opportunities for the continued development of each associate. Overview The BonTon Stores, Inc. is committed to providing an environment that supports their associates by providing objective and subjective feedback from their respective supervisor. The annual process of performance appraisal is an opportunity for associates and their managers to have candid and open discussion on performance in order to help all associates reach their maximum potential. Companies can also use performance appraisal systems to make sure that their company objectives and goals are written with each other. “By ensuring that compensation is aligned with their strategic objectives, companies stand a better chance of achieving those objectives and maintaining a competitive edge over their competitors” (McDermott, 1987). Through improved performance of each associate...
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...Review your role, responsibilities and boundaries as a teacher in terms of the teaching and training cycle. & Summarise the key aspects of current legislative requirements and codes of practice relevant to your subject and type of organization within which you work. “The mediocre teacher tells. The good teacher explains. The superior teacher demonstrates. The great teacher inspires.” William A. Ward (www.adprima.com), 2011 Teaching is both an art and science. Science because it is a systematic knowledge gained through observation and experimentation (exploration) and art because it is the craft which uses specific principles and methods (creative).A proficient teacher has to make sure that both aspects are applied while blending in to the environment. Teaching as a profession has changed over a period of time and so has the role of a teacher. The conventional role of a teacher was to just impart information to students and students were expected to learn and understand it. Now, with extensive research done on how student learn, a new insight has developed and hence the role of teacher has changed. Innumerable learning theories, e.g. Sensory, Kolb’s experiential theory, Skinner’s behaviorist’s theory and the learning domains (Cognitive, Psychomotor, Affective) Gravells (2008),(Behavioral, Cognitive and Humanistic) Roger (1996) have been identified and related to diverse strategies to cope with individual learning styles. On the other hand, Reece and Walker (2006)...
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...The Employee Buy out: Case of Tata Tea Dr Deepika M G, Faculty, Icfai Business School, Bangalore, India ABSTRACT The article discusses about the Employee Buy Out business model adopted by Tatas on their exit from plantation business in their southern plantation operations in Munnar district of Kerala in India. Tata Tea had sold off 17 tea estates in southern India to the company formed by its employees named Kanan Devan Hills Plantation Company Pvt. Ltd.(KDHPCL). In sharp contrast to the situation in the tea industry experiencing closures affecting thousands of employees, KDHPCL with 13,000 employees could not only recover within a year the loss of $ 24 million run up by Tata Tea, but could also register a post tax surplus of $ 50,000 as on March 31st 2006. However, when Tata Tea went onto implement a similar model in the North Indian Plantation Operations, it met with considerable resistance. The article discusses about the crisis that was facing the tea industry in India, the role played by Tatas in the formation of the KDHPCL and the challenges faced by the employees of South Indian Plantation Operations in accomplishing this unique business model. It also critically reviews the factors that are essential for the success of Employee Buy Out, by enumerating the factors that led to the success of EBO in southern operation of Tatas and its failure in their northern operations. INTRODUCTION In February 2007, Tata Tea, an INR 3500 crore beverages company, decided to divest...
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...BU Basic M.B.A. International Master of Business Administration |Index | Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Business Law . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Entrepreneurship. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 Finance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 119 Management. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160 Marketing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180 Operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 220 Statistics. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 252 Strategic Management. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...
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