Managing High Performance commons assessment Essay

Managing High Performance commons assessment - Essay Example The firm also has to identify appropriate personnel to be promoted to management positions. This will be the focus of this paper. Performance management is defined by Armstrong as â€Å"the process of establishing shared understanding about what is to be achieved and how it is to be achieved, and an approach to managing and developing people that improves individual, team and organizational performance† (2009 p. 55). This implies that an organization has some goals or objectives to be achieved and these should be shared by all employees. In other words, employees should strive towards achieving company goals if the company is to have sustained success. However, employees are different and as such have different performance levels. Some are high performers while others are low performers and the managers should deal with low performance as early as possible for the success of the company. According to Cardy and Leonard (2011 p 137-138) it is not only low performance that needs to be checked but also high performance to understand success factors and enhance them. Rewarding high performance is also essent ial in ensuring the company maintains best talent by keeping such employees motivated. One way to achieve this goal is through promotions and recognitions. The first question that managers need to ask themselves is; who are the high performers? In this case, as a consultant I would advice the management to have a carefully devised job description which outlines what is to be performed, standards of performance, and how to measure performance (Armstrong 2009). The goals or standards against which performance is to be measured should be a mutual understanding between management and employees so that they can own up the process and be able to assess their own performance. Those who achieve beyond the expected standards are considered high performance and are best suited for promotions.

MKTG Essay Example | Topics and Well Written Essays - 500 words - 1

MKTG - Essay Example The main goal of the new product is to capture the upcoming healthy food segment, penetrating the market with a strong presence, grabbing market share and contributing to the revenue. The proper combination of the Marketing mix, which is product, price, place and promotion and the determinant attributes can lead to a successful product. As far as the product is concern, it is just fit for the upcoming healthy food market. People can’t resist the finger licking fast food irrespective of alarming rate of the obesity in the United States. However, in this scenario if the Fast food lovers get an option to have the same tasty food but with lower calories as just 250 units instead of 470 units in Wendy’s single sandwich and 670 units in Burger king’s Whoppers respectively. The vegetarian option is very promising, it has been seen that only three percent of Americans are completely vegetarian. However, almost sixty percent prefer food which is meatless (Campbell, 2008, p 91). This revealing data says that American want foods which are vegetarian in nature. And they would love to have that with the brand name of McDonald’s. The pricing is very much important. McDonald’s has always adopted the penetration pricing strategy. And that is the reason it is the largest seller of the fast foods in the world. The combo healthy meal price is only $ 3.59, which is very much competitive and the individual price for the baked patties burger would be only $ 1.09, the mash potatoes at $ 1.50 and the smoothies at $ 2.29. The interesting part is the combo gives a saving of $1.29 with respect to the individual items if they are bought all by any customer. This pricing strategy would definitely help the new product to penetrate the market easily. The place for the pilot project for the healthy meal has been chosen wisely. The Colorado is famous for the McDonald’s. Once a McDonald’s