This report will use organisational analysis, business culture, and performance management cycle models to examine the current situation and its approach to performance management. It will also identify, assess and present issues found to be problematical in Bank of Queensland’s current performance management and rewards approach to the senior management team.
Organisational Analysis
This section is a presentation of results from the analysis of two major business areas; organisational analysis/culture and analysis of performance management and rewards issues.
Porter’s strategy
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Porter (1980)
According to Miles and Snow Organizational Types model, in order for an organisation to be superior, there has to be a strong and direct correlation between the organization's mission/values by it definition, the organization's functional strategies which are its’ characteristics and behaviours. Of the four type; Reactors, Analyzers, Prospectors and Defender, this theory suggests that BOQ is a Defender simply because it has a narrow product-market domains. In addition, top managers in this type organization are highly expert in their organization’s limited area of operation but do not tend to search outside their narrow domains for new