Performance Management China, Australia, And India

Performance Management: China, Australia, and India It is much easier to describe an ideal performance management system (PMS) than to implement one. Societal, cultural, practical, and organizational constraints may restrict an organization’s ability to implement all of the ideal PMS characteristics. This truth becomes especially apparent when comparing different countries such as China, Australia, and India. While each country has its challenges, PMS successes are possible by having a thorough understanding of existing constraints and capitalizing on the characteristics that come most naturally. Ideal Characteristics Aquinas (2013) highlighted fifteen ideal characteristics of a PMS, including strategic congruence, context congruence, thoroughness, practicality, meaningfulness, specificity, identification of effective and ineffective performance, reliability, validity, acceptability and fairness, inclusiveness, openness, correctability, standardization, and ethicality. While an organization’s PMS may not incorporate every characteristic, a successful system will include as many as possible. In addition, some characteristics may be more important than others. For example, strategic congruence is vital to ensure that employee and employer goals are in alignment. In fact, without strategic congruence, it would be difficult to accomplish one of the key PMS benefits pointed out by Yeoh, Richards, and Wang (2014), the execution of the business plan and strategy of theShow MoreRelatedChin A Country With Huge Resources1203 Words   |  5 PagesSummary China is a country with huge resources. In 2001, China successfully joint the WTO and rapidly took an important role on the international trade. In late 1990’s, China signed an agreement with Australia and built a close relationship with Australia. In the following years to date, there is a huge changes on the performance of trade and investment between these two countries, especially on agriculture, mining and manufacture. In this article, we will use trade theory to analysis the reasonRead MoreHarley Davidson Case Questions889 Words   |  4 PagesFor example, in 2006, custom models accounted for 47.4% in U.S., whereas it accounted for 13.4% in Europe. In the U.S., other sales of models based on different criteria such as performance, touring, and standard accounted for 15.1%, 35.5%, and 2.1% respectively. Europeans have different preferences however. Performance, touring, and standard accounted for 41.4%, 26.1%, and 19.2% respectively. The reason Harley faces such diversif ication is clearly due to customer preferences and market demands. Read MoreWine Industry Analysis of China7515 Words   |  31 PagesChina, India amp; Wine | May 19 2011 | Assessing the global environment and developing solutions for Australian international managers: a WebQuest. (5461 words) | Sheena Bobeechun Troy Credlin Sarah Duff Audrey James. | Table of Contents Executive Summary 3 PESTL Analysis 4 Political amp; Legal Factors (Author - Sarah Duff) 4 Economic Factors (Author - Sheena Bobeechun) 5 Social amp; Cultural Factors (Author - Audrey James) 7 Technological Factors (Author - TroyRead MoreCase 2-1 Eurodisney1224 Words   |  5 Pages1.What factors contributed to Euro-Disney’s poor performance during its first year of operation? What factors contributed to Hong Kong Disneys poor performance during its first years?  · they were over charging there customers and breaking the customers banks, to where they could not afford to go there basically.  · when comparing flight prices, it was actually cheaper to go to Florida and stay there, rather than going to theirs also the weather in Florida is more suited to family conditions usuallyRead MoreOverview of Bluescope Steel Company1093 Words   |  4 Pagesï » ¿BlueScope Steel Company Analysis. FIN 401 Assignment 10 May 2013 1: Company Overview BlueScope Steel Limited is a multinational company operating in different countries in Asia, Australia, USA and New Zealand. The company designs and manufactures wide varieties of products such as coated steel, slabs, plate, cold rolled coil, aluminum, zinc, galvanized and pre-painted steel. In the United States, BlueScope Steel establishes a 50-50 joint venture with a North Star Steel, and both companiesRead MoreAustralian Cattle s Assignment : Trade Patterns Of Australia1715 Words   |  7 PagesAustralian Cattle’s Assignment Trade patterns of Australia Trade pattern means a country’s trades of goods and services with other countries, in certain directions. Although Australia is not playing a big role on the stage of global economy, trade is crucial to the geographically isolated continent. The percentages of export and import product are equal which around 20 percent of domestic productions. The main export products in Australia are agricultural products and mineral, which take up aboutRead MoreEssay on Telstra Marketing Strategy1566 Words   |  7 Pagesin Australia as well as to expand its presence internationally. (Telstra Website, 2008) Telstra, originally Telecom Australia was established in 1901 by the Postmaster Generals Department to manage all domestic phone services. Telecom Australia continued to be operated by the Postmaster Generals Department until 1975. In 1989, Telecom Australia became the official Telecommunications Corporations for all domestic and international telephone services. On the 1st of July 1995 Telecom Australia changedRead MoreCharacteristics Of The Australian Coal Industry1638 Words   |  7 Pagesmining companies Australia has, Yancoal is one of the most technologically advanced, being the first among Australian coal companies to successfully introduce the pioneering LTCC method in 2006 after it acquired the former Southland Coal Mine in the Hunter Valley. In 2009, Yancoal completed a successful takeover of Felix Resources . In July 2012, Yancoal completed a merger with Gloucester Coal, and following the listing of Yancoal on the ASX in June 2012, Yancoal became one of Australia s largest listedRead MoreTelstra Marketing Strategy Essay1636 Words   |  7 Pagesin Australia as well as to expand its presence internationally. (Telstra Website, 2008) Telstra, originally Telecom Australia was established in 1901 by the Postmaster Generals Department to manage all domestic phone services. Telecom Australia continued to be operated by the Postmaster Generals Department until 1975. In 1989, Telecom Australia became the official Telecommunications Corporations for all domestic and international telephone services. On the 1st of July 1995 Telecom Australia changedRead MoreManagers Work, Roles and Skills1688 Words   |  7 PagesDiscussion In the global marketplace, where management is no longer constrained by national borders, one of the significant challenges that managers have to face is the rapidly changing environment. Managers have to deal with situations in which diversity is one of the issues. Diversity here can be referred to economic, social, political, or cultural differences. In essence, all managers from different countries will have to continually adapt their performances to deal with changes. Culture exists at