Review Case Study 10-2, 'Selecting a CP Plan at Dow Agrosciences', on pages 289-290 of the textbook.
1. Evaluate the mission, vision, and core values of the organisation as presented in the case study.
2. Based on what you have learned this week, recommend a CP plan for Dow Agrosciences and explain why you think it would be successful.
Related topics at this week:
- Pay plans and their problems
- Choosing the right plan for the organization
- Issues relating to rewards
- Job evaluation and pay structures
- Legal issues in performance management
Aguinis, H. (2013) Performance management. 3rd ed. Upper Saddle River, NJ: Pearson/Prentice Hall.
(see attached file for case study)
I made some adjustments to the CP plan area based on the information you gave me. I hope it's more aligned with what you need.
1. Evaluate the mission, vision, and core values of the organization as presented in the case study.
"An effective mission statement must be a clear, concise declaration about your business strategy" (Hull, 2013, para 1). It must be clear to the reader (normally employees and stakeholders) what the company does, how they do it, whom they do it for and the value what they do brings to others. For Dow Agrosciences, the following analysis can be done in terms of their mission statement:
What the company does - According to the company they "deliver innovative technology that exceeds market needs and improves the quality of life of the world's growing population" (Aguinis, 2013, p. 289). This statement clearly identifies what the company does in terms of what products they deliver to their customers and stakeholders.
How they do it - The company states that they do this through "responsible pest control" (Aguinis, 2013, p. 289). Though this does state how they do what they do, it is not very descriptive and does not provide much detail. For this statement to be better, they would want to add more in terms of what their responsible pest control looks like, how it operates, in what way they implement the responsibility part, and other details such as those.
Whom they do it for - The mission statement does mention briefly that they do this for the "world's population" (Aguinis, 2013, p. 289) but that is the only mention of the population they service. Again, this statement is very broad and not very well defined. For this to be improved, they may want to narrow down the world's population to perhaps those that consume fresh vegetables and fruits or give some more specifics around whom in the world's population they would benefit.
Value what they do brings to others - Dow Agrosciences' mission ...
An evaluation of the mission, vision and core values of the organizations are provided.