Purchase Solution

Describe how you would measure performance. Be specific.

Not what you're looking for?

Ask Custom Question

The following multiple goals were identified by General Electric:

Profitability
Market position
Productivity
Product Leadership
Personnel Development
Employee attitudes
Public responsibility
Balance between short-range and long-range goals
General Electric is a huge, highly decentralized corporation. At the time it developed these goals, GE had approximately 170 responsibility centers called "departments," but this is a deceptive term. In most other companies, these departments would be called divisions. For example, some GE departments had sales of more than $500 million.

Each department manager's performance was evaluated annually in relation to the specified multiple goals. A special measurements group was set up to devise ways of quantifying accomplishments in each of the areas. In this way, the evaluation of performance would become more objective as the various measures were developed and improved.

Select 4 of the goals listed above. Describe how you would measure performance in each of these areas? Be specific.

Purchase this Solution
Solution Preview

Let us select the following goals:
<br>
<br>Profitability: To measure profitability, we look at the profit generated by the manager over 1-year period. We can then compare it with the following benchmarks (you can choose any one of these benchmarks for your answer) 1) What was the profitability target assigned to the manger for that specific period of time, has he met this goal, has he exceeded that goal, if so by how much? This number can be used as one of the inputs to evaluate the manager.
<br>Benchmark 2) Another way is to look at the profit generated by that department over a number of years, for instance if that ...

Purchase this Solution
Free BrainMass Quizzes
Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

View More Free Quizzes
Related BrainMass Solutions

  • This post addresses ratios to measure airline performance.

    Describe what you think airlines should develop to measure performance. Be sure to describe how this data would be collected.

  • Performance Measures

    In this way, the evaluation of performance would become more objective as the various measures were developed and improved. Select 3 of the goals listed above. Describe how you would measure performance in each of these areas?

  • Measure performance

    In this way, the evaluation of performance would become more objective as teh various measures were developed and improved. Select 3 goals listed above. Describe how you would measure perfromance in each of these areas? Be specific.

  • Performance evaluation: standard vs. actual practices

    Describe how you could use different variances (actual to standard) to evaluate performance. Additionally, there are non-financial performance measures that can be used.

  • Performance Indicators

    Each objective has specific performance indicators formulated to measure whether or not the objectives are being met successfully or if they need to be adjusted or changed, perhaps.

  • Performance review

    Question: What specific performance measures might you use to measure quality versus quantity in performance reviews? Solution: Performance review can be difficult for both a manager and employee.

  • HR; Pay For Performance and Rating Performance Effectively

    The employees can use this to measure how well they are doing their job. It can be used to determine raises, bonuses, promotions, demotions and firings.

  • Development of Systematic Management

    Identify more specific measures for each first-level measure if necessary - This step is similar to setting up-front training goals in the training plan, and associating measures from which the effectiveness of training can later be evaluated. 7.

  • HR polices and programs

    How so? Be Specific. (Please begin by briefly (1-2 sentences) describing for us your organization's overall mission.) Next, let's begin to explore how the organization would measure the success of a particular HR system?

View More Related Solutions