CASE STUDIES †CHAPTER 8 Essay

CASE STUDY 11.Why did Freeport-McMoRan need a performance counsel system? The price of copper jumped significantly in 2006, so they necessitate to ramp up production to make more profit They inevitable to change their system on handling a changing food market and remaining competitive Each mine was run separately, so employee geological formation was difficult to determine They acquired a political party which operated differently than they did, so they undeniable more standardization2.How will it help the company if it has to adjust its strategy in the future? A performance management system acts as a sort of template for agreemental goals, and it can be modify fairly easily based on changing goals, conditions and variables If contributions from certain beas with the organization need to change, the goals are available to everyone for easy and instant memory access3.Do you withdraw a pen-and-paper performance management system could have been as sound as the electronic system Freeport-McMoRan adopted? No4.Why or why not?Electronic media is the only way to ensure instant, real-time, and consistent access to company information Pen-and-paper is wasteful, especially since it can be easily overaged by minor changes made to informationCASE STUDY 21.Why do nonprofits such as the San Diego Zoological Society need an estimation system if their goal is not to maximize their profits? Profits are not the only reason for ideasoEmployee development is also a gravestone factor in determining success, and showing employees their value in the company by linking it to compensation oSetting and tracking goals is another way of ensuring growth in alignment with business objectives2.What do you think are the pros and cons of using a web-based appraisal system? Pros instant, real-time access quantifiable metrics hydrofoil contribute to employee performance helps to determine whether any performance gaps or abstracted areas exist thatneed to be addressed Cons high implementation be not alship canal simple to use require a roach of explanation reduces face-to-face contact among employees and supervisors3.How do you think the new appraisal system will affect employees and the types of employees who work at the zoo? When employees go the business objectives, they are more inclined to act in ways that support them When employees support the business objectives, they feel more loyal to the organization, so retention will increase The zoo will find it easier to learn employees who believe in their objectives and want to support them because they are clearly specify and easily accessible