the Corporation - Employee Capitalism –“. Both papers propose a roadmap to fix the conventional accounting shortness through the use of Value Based Management (VBM) as a real and effective management system of value creation and measurement. Economic Value Added (EVA) plays the main role in this management approach‚ as a very effective performance metric in the alignment of the organization with its ultimate goal of shareholder’s value creation. VIEW OF THE READING In the first paper “Accounting
Premium Management Weighted average cost of capital Corporate finance
IJA MH International Journal on Arts‚ Management and Humanities 1(1): 63-72 (2012) ISSN No. (Online): 2319 – 5231 A study of performance appraisal and organizational effectiveness in terms of individual and organizational basis. A comparative study of BSNL and AIRTEL Dr Kanchan Bhatia* and Prof Prashant Jain** *‚Professor‚ SIRT‚ Bhopal‚ (MP) **Executive Director‚ SGI‚ Bhopal (MP) ABSTRACT According to Peter Drucker ’an organization is like a tune; it is not constituted by individual sounds
Premium Human resource management
EXECUTIVE SUMMARY The performance appraisal system ideally is an organisation designed programme involving both the organisation and the personnel to improve the capability of both. The elements of performance management include: purpose‚ content‚ method‚appraiser‚ frequency‚ and feedback. The appraisal process involves determining and communicating to an employee how he or she is performing the job and establishing a plan of improvement. The information provided by performance appraisal is useful
Premium Human resource management Performance appraisal
aims to examine and evaluate the existing literature‚ which relates to the role of performance management in both controlling and developing employees. In the beginning‚ the review will emphasize on defining ‘performance management’‚ its brief history‚ evolution‚ and definitions through the existing literature available. In between this literature review‚ will highlight the issues related to performance management‚ which act as a hindrance in its perfect execution in organisations. The latter part
Premium Performance management Management Organizational studies and human resource management
INDEX Activity 1 1. Explain at least 2 purposes of performance management and its relationship to business objectives. 2. Identify 3 components of performance management systems. 3. Explain the relationship between motivation and performance management‚ referring to at least 2 motivational theories. 4. Identify 2 purposes of reward within a performance management system. 5. Describe at least 3 components of a total reward system‚ 1 of which should be non financial. 6. Explain the factors that
Premium Motivation Maslow's hierarchy of needs Human resource management
IMPROVING LABOR-MANAGEMENT RELATIONS In today’s highly competitive global economy it is very important for both management and labor to work together to continuously improve the performance of the business as measured by the quality‚ price‚ and features of its products‚ the satisfaction of its customers‚ and the benefits provided to all its employees. Achieving continuous improvement requires good labormanagement relations‚ the timely resolution of workplace disputes‚ the effective use of
Premium Trade union Collective bargaining
The Myers-Briggs Type Indicator (MBTI) is a personality test which provides a definition and well-ordered descriptions of one’s behaviors and traits. There are four continua of traits that generate 16 unique personality types. Upon completion of the MBTI‚ I received the personality type ENFJ. The findings and descriptions of how each trait and the overall temperament rating connect to my work‚ life‚ and personal habits are discussed. Introduction In 1943‚ the mother and daughter team of Katharine
Premium Myers-Briggs Type Indicator Personality psychology
1.0 Introduction Performance measurement is essential to improve the performance of the organizations to compete in today’s business environment. In the era of industry way back in the 1960’s‚ the traditional performance measurement system has been designed to report labour productivity‚ machine and capacity utilization‚ and standard cost variances. These are cost-efficiency-based measures derived from a strategy to minimize production costs‚ described as a cost leadership strategy. (usefulness
Premium Measurement Investment Profit
how environmental factors affect the well-being of the poor. This research module will provide arguments and instances to support the use of environmental factors as indicators for measuring poverty in India. Regarding the poverty issue on income and food security in India‚ factors like environmental degradation should play a key role. According to Agricultural Census in 1990-91‚ seventy-percent of people in India depend on agriculture directly or indirectly. Natural resource degradation can affect
Premium Poverty Natural environment Environment
. Performance Metrics: purpose What are the ways you can measure how successful your Six Sigma project has been in improving quality or decreasing the number of defects? Before we go into the metrics and definitions‚ let’s say what “defects” and “defective” mean. Something has a defect if the result or outcome of a process is not what is expected. Something went wrong. The product may still be usable: a car with chipped paint can still be driven. So some engineers use “defective” to mean a product
Premium Management Supply chain management Process management