Performance Management
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Imagine that you have been hired by the HR Director of a U.S.-China joint venture to help develop, implement, and evaluate the ROI (return on investment) for a performance management system. Please read the required background readings and any relevant resources that you locate on the Internet, and then:
Prepare an executive report in which you outline and discuss the critical issues that need to be addressed in developing, implementing, and evaluating a performance management system in the US-China joint venture context.
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The response addresses the queries posted in 1556 Words, APA Reference
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The response addresses the queries posted in 1556 Words, APA Reference
Critical Issues of Performance Management for U.S-China Joint Venture
Introduction
This paper gives a detailed analysis of the performance management system and the critical issues, which are need to be addressed in order to develop, implement and evaluate the performance management system for the U.S-China joint venture. International venture is perceived by the countries as the strategic step in order to transfer the required competency for gaining competitive advantage in the particular market or sector. Joint ventures are seen as the most effectual form of strategic alliances, which assist the nations to improve their trading practices. There are various opportunities, which are offered by these kinds of joint ventures like business expansion, revenue growth, market image, economic strength and harmony in relationship. Apart from this, the paper will assist the reader to gain an in-sight about the in-depth knowledge of these critical issues.
Performance Management System
This is the method used by the organizations to improve their workforce diversity, productivity, profitability and business growth. If it is properly aligned and implemented, the employee satisfaction can be attained in an undemanding manner. It brings all the personnel of the organization under the single umbrella, which unites to think about the organizational goals. It assists the organizations to improve the performance of the employees. With the help of this system, it is easy for the organizations to minimize the administrative cost, effectively. It is used by the organizations to improve the development of the employees. It assists the organization to align the resources in a proper comportment (Performance Management System, 2009).
Critical Issues
There are various critical issues, which pose challenges to the development, implementation and evaluation of the performance management system required for U.S-China joint venture. If these issues are not property analyzed or addressed, it would impact the U.S-China joint venture in a significant manner. These are as follows:
Communication Channel: Communication plays a pivotal role in the ...
Education
- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
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