Tuesday, January 28, 2020

An Analysis Of Performance Management Strategies Business Essay

An Analysis Of Performance Management Strategies Business Essay Performance management (PM) includes activities to ensure that goals are consistently being met in an effective and efficient manner. Performance management can focus on the performance of an organization, a department, employee, or even the processes to build a product or service, as well as many other areas. In both definitions it is clear that performance management is process of continuously measuring performance of each individual in organization to achieve set goals. To check that organization is performing in right way, we use performance management strategy or system to measure performance of specific department or employees or to measure performance of whole organization. Performance management talks about important and broader issues of organization. It gives procedures to organizations to achieve their goals. Performance management links all people, teams and individuals associated with business. Performance management should include: Performance management throughout the organization for individual, team and increased productivity of organization. Development is also very important for improved performance. Unless there is no development plan for employees in organization there will be no performance improvement. Organizations should ensure that employees are encouraged and motivated to fulfill their responsibility. How It Works? As performance management is very key part of organization to make organization work effectively. So this strategy should be structured properly. There should be a performance management framework to operate it effectively and efficiently in organization. Tools of Performance Management Performance Reviews To measure performance management there should be regular reviews of individuals performance. There should be performance review meetings to evaluate performance management. The meetings should be properly managed and planned to measure. Learning and Development Most famous and successful organizations give importance to employee development for increased performance of organization. With the help of performance reviews employees can be encouraged to look for deficiencies in them. And it should be responsibility of organization to provide learning and development schemes. Organizations which have high emphasis on individuals learning have emphasis on performance improvement indirectly. Measurements Organizations which want to measure performance management effectively, there employees or individuals should know that on what criteria or through which procedures their performance is going to be measured. Organizations should measure performance on fairly and honest basis. Pay In many organizations performance management is related with performance related pay. Performance related pay is important tool in many organizations to motivate employees through performance related pay. PERFORMANCE MANAGEMENT STRATEGY OF DERBY CITY COUNCIL I have taken the performance management strategy of DERBY CITY COUNCIL as example to evaluate their strategy. I am going to evaluate their performance strategy of 2007-2010. Objective The basic objective of performance management strategy of DERBY CITY COUNCIL is to manage performance across council and the steps they will use to achieve their goals. They have described everything in their strategy that what they are going to achieve and how they will achieve. Importance of Performance Management As from definitions it is clear that performance management strategy is used to make organization more effective and to engage every employee in development of organization. So DERBY CITY COUNCIL has taken the importance of performance management very seriously as well. Performance management strategy make council to look for current status of their work, monitor for problems and issues arising, how to solve them and plans to implement their strategy. Performance management strategy is important to DERBY CITY COUNCIL for number of reasons. Improving Services Council is always here to improve services for people. So thats why performance management strategy is very important to council as they want to continuously improve services for people. They are focused on achieving right goals according to needs and expectations of local people and community. And their strategy helps them to look out their progress in achieving those goals and to look for any issues occurring in their current plans or not. And according to council their strategy is main key to improve their services continuously for people. Motivating staff For DERBY CITY COUNCIL their performance management strategy is not only to achieve goals like to improve services of people. For council effective management strategy is that which motivate their staff to understand them what is their role in this strategy, how much they are involved in achieving goals set by council for local people and whether their staff is getting fit into framework set by council to achieve their targets. Thats why council has described in their workforce Development Plan the scheme called Achievement and Development to stay connected with staff and promote their learning and to motivate them to fulfill their individual duties to achieve organizational goals. Meeting Government Expectations Performance management strategy is important to council because they want to meet government expectations. As performance assessment which is annual assessment by local authorities to measure performance or achievements of council in last year. So to meet government expectations performance management strategy is important to them. Demonstrating Value for Money Council tax is always concern for local residents, and they want to see that while council is doing or improving services for them or not. So this strategy is important to them to make a clear vision in local community about their value of money and council is continuously working for improvements. Purpose of Strategy For DERBY CITY COUNCIL, purpose of their performance management strategy is to Establish strong planning and performance framework to continuously improve services. To implement performance management system to measure performances of individuals and of organization. To achieve their set goals and targets. To be classified as four star council by meeting government expectations by continuously improving services for people. For DERBY CITY COUNCIL effective performance strategy not only requires good strategy but also organizational culture which supports this strategy by encouraging staff to improve their services. Performance Framework of DERBY CITY COUNCIL Their performance framework includes community strategy, corporate plan, business plans, team plans and individual plans. In framework council used community strategy to set the long term visions and targets for local community. Its a long term strategy to improve services which can be renewable. The Council corporate plan is to support community strategy how they will focus on continuous improvements and key actions to be taken for improvements. Business plans in performance framework are there to describe how each section of council work for improvements. Team plans will demonstrate employees to develop their understanding that how they will individually or in teams contribute for improvements. For council performance framework has to be clear, accurate and timely planned. What Council is Aiming to Achieve? Through their strategy council want to create an environment where every individual knows his/her contribution towards improving services and feel motivated and encouraged to manage their own performance effectively. Council Main Principles Council target is based on five principles which lead towards improvement. Balanced measurements For every process three elements are always important like inputs, outputs and outcomes. According to council as outcomes are always important for end users but they want balanced set of all measures means inputs, outputs and outcomes in their strategy to improve services. Strong Decision Making For council strong decision making is very important to them. As it is their one of main principle that decisions maker should be confident enough in information which he/she is using for decision making. They should use data of good quality to make decisions. The data or information which is used for decision making should be accurate, strong and relevant. Clear The performance information must be clear and should be accessible to all users. Goal Oriented Information should be goal oriented, focusing on key goals and targets to be achieved. Individual role Every individual must know his/her role in managing performance and key actions towards improvements. How Council will achieve his Vision? In this section council will deliver his strategy to achieve their goal. For council there are some sections which should be fulfilled to make their strategy successful. Role of Leader in Culture of Performance Management A performance management culture is climate or environment in which organization is working. Through performance management culture every employee and individual knows the values and vision of organization and their own roles to achieve those goals for organization. It encourages and motivates individuals to act in their role properly and perform their duties. As it is important for everyone to manage performance culture, but it should be lead by effective leader who has strong leadership skills. Like in performance framework of DERBY CITY COUNCIL there should be effective leader to lead corporate or business plans. Strong and confident leaders know what kind of performance is required and have ability to clearly communicate every individuals role towards improvement. They make clear to everyone that these areas are to be focused or improve and whose role is required or important in this issue. Advantages: Managers or leaders set clear goals and expectations across all employees which are continuously monitored. With performance measures there are continuous appraisals. DERBY CITY COUNCIL has culture where excellent performance is praised and shared across council. Clear Roles and Responsibilities To make their strategy effective council has described every individuals roles and responsibilities in their performance management strategy. Some roles are described below: Corporate Directors: Take operational responsibility of key actions to be done by council. They continuously review performances. They made actions required regarding data quality for decision making. They ensure that performance is under consideration in department. Performance Board: This board monitors that performance management strategy is implemented properly or not. Heads of Service They identify opportunities for improvement in strategy or performance management system. They monitor underperformance and their responsibility is to take necessary actions when required. Cabinet Their responsibility is to deliver council priorities. They review performance every three months and take actions if performance is not managed properly. They have also responsibility of measuring either value for money is achieved or not. Council Their role is to provide clear vision and to make corporate plan accordingly. They approve all budgets. They ensure every achievement. Audits and Accounts Their role is to maintain the internal environment controlled and managed. All Staff Know what their roles and contributions are required by council to achieve goals and improvement in services. They know what is vision of team in which they are working and what are the visions of stakeholders? What are their own personal goals and what they require to improve in themselves? Internal Audit They have to assess overall procedure implemented for producing performance management. They check procedures which are high risk. Advantages Everyone knows what performance framework is and know that improving services for local people is vision of council. Every member plays an important role in monitoring and managing performance management strategy. Continuous and Strong Performance Information System Council performance information is regularly used by group of people, employees, individuals and stakeholders. The Council use performance eye as main tool to analyze, collaborate and reporting performance information to all of them. The system is accessible to all staff so thats why information is clear to all staff. Advantages: Performance eye tool includes all visions of performance management including value for money. Wide use of performance eye tool by all members, employees and stakeholders. While developing performance eye data quality is taken seriously. Local people get informed about council performance and progress in achieving their goals. Continuous Assessment of Performance Measurement of performance honestly and actively is very important part of performance culture. Council has taken this point in consideration as well to take effective actions against underperformance, ensuring right actions to be done to bring performance back to action. Council considers their employees to be best source for their success and their development is necessary for councils future. It is very important to agreeing objectives with employees, giving them appraisals on their achievements and addressing their development needs in right and set path. Outcomes: Council continuously manages poor performers and rewards good performers and work for their development. Learning and Development Learning forms the basis of development of performance managed culture of organization. Here learning is about collecting information about what plans has worked and what has not worked. Organizational performance board is there to improve learning and to view which actions are necessary. Training and development is always important for exploring knowledge of every individual in every organization and at all levels. With performance management strategy a separate training plan is implemented as well in relation with performance for support and development of individuals. Outcomes: Sharing of knowledge and learning between all departments of council and other stakeholders. With help of different plan, more structured learning with performance management strategy. Main Steps in Delivering our Strategy Council has delivered their performance management strategy in the form of short term, medium term and long term goals. Short term Goals Short term goals are those goals which are to be achieved in 1 year or shorter period of time. Improved areas of underperformance through strict and strong action planning and benchmarking. Council does benchmarking to compare his results with successful results achieved by other same type of organizations. To look at their planning and way to achieve targets. Training of performance tools to all staff to improve performance managed culture. It is short term goal of council to train all staff to how to use performance tool to stable the culture of organization. Council wants to achieve this goal in short period of time to improve performance for community. Communication of performance information with local community. Council wants to achieve this target in of communicating its progress to local community, and to tell them how they are progressing, how they are working , how they are converting resources into improvement for community. So there should be clear and transparent communication with local community. Celebrating the achievements. Council wants to celebrate and wants to tell to local community that they are achieving their goals and proved increased performance. Medium Term Goals Medium term goals are goals which are to be achieved in period of 1 to 2 years. Review of performance eye It is target of council to review performance eye tool according to council and future needs. After review, if council requires further changings, needed to be done effectively. Improvements in Learning and Development Learning and development scheme should be reviewed half yearly or yearly to manage performance effectively. If performance management is not working effectively it can be due to no learning and development as well. So its council target to review their learning and development plan continuously. Long Term Goals Long term goals are those goals for council which they want to achieve in period of three years. Change to Performance Management System Implement changes to performance management system to work it more effectively and issues which has affected the performance management of organization. Changes to Individual Performance Council wants to implement changes to every individual performance to make them more effective for organization. It is a long term goal for council to check individual performance management to check who needs learning and development. Conclusion Performance management strategy is used to measure performance of individual, team and or organization as a whole as well. With the help of this strategy organizations measure how effectively their employees as individual working and how much efficient is organization working. With the help of performance management strategy Everyone came to know that how much they are contributing towards organizational goals and targets. Everyone ensures that what is organization expecting from them and they has skills and support to achieve this or not. Effective communication increases in organizations between all employees. Managers encourages individuals to do best they can and opportunities of learning and development. Performance management strategy of DERBY CITY COUNCIL has describes some main principles which are important for them in their strategy. They have given importance to: Being clear and transparent to your staff about what is performance. Understanding to employees how they can improve performance management culture. Every individual should be focused on his own contributions needed by organization. Decision maker should be confident and strong enough in decision making. Decision maker should have good quality of data. Recommendations As I have evaluated strategy of DERBY CITY COUNCIL. They have given every information about how they will implement their strategy and what are important key roles to them for effective strategy. One thing which seems wrong to me in their long term plan is about changing of individual performance in long term plans. In my point of view, individual performance should be monitored continuously and sudden plans should be implemented to change in their individuals performance. If they need some improvement learning and development plan should be applied effectively.

Monday, January 20, 2020

Mongolian History :: essays research papers

Mongolia RISE OF GHENGIS (Chinggis) KHAN After the migration of the Jurchen, the Borjigin Mongols had emerged in central Mongolia as the leading clan of a loose federation. The principal Borjigin Mongol leader, Kabul Khan, began a series of raids into Jin in 1135. In 1162 (some historians say 1167), Temujin, the first son of Mongol chieftain Yesugei, and grandson of Kabul, was born. Yesugei, who was chief of the Kiyat subclan of the Borjigin Mongols, was killed by neighboring Tatars in 1175, when Temujin was only twelve years old. The Kiyat rejected the boy as their leader and chose one of his kin instead. Temujin and his immediate family were abandoned and apparently left to die in a semi-desert, mountainous region. Temujin did not die, however. In a dramatic struggle described in The Secret History of the Mongols, Temujin, by the age of twenty, had become the leader of the Kiyat subclan and by 1196, the unquestioned chief of the Borjigin Mongols. Sixteen years of nearly constant warfare followed as Temujin consolidated his power north of the Gobi. Much of his early success was because of his first alliance, with the neighboring Kereit clan, and because of subsidies that he and the Kereit received from the Jin emperor in payment for punitive operations against Tatars and other tribes that threatened the northern frontiers of Jin. Jin by this time had become absorbed into the Chinese cultural system and was politically weak and increasingly subject to harassment by Western Xia, the Chinese, and finally the Mongols. Later Temujin broke with the Kereit, and, in a series of major campaigns, he defeated all the Mongol and Tatar tribes in the region from the Altai Mountains to Manchuria. In time Temuj in emerged as the strongest chieftain among a number of contending leaders in a confederation of clan lineages. His principal opponents in this struggle had been the Naiman Mongols, and he selected Karakorum (west-southwest of modern Ulaanbaatar, near modern Har Horin), their capital, as the seat of his new empire. In 1206 Temujin's leadership of all Mongols and other peoples they had conquered between the Altai Mountains and the Da Hinggan (Greater Khingan) Range was acknowledged formally by a council of chieftains as their khan. Temujin took the honorific chinggis, meaning supreme or great (also romanized as genghis or jenghiz), creating the title Chinggis Khan, in an effort to signify the unprecedented scope of his power.

Sunday, January 12, 2020

Chartered Accountant in Montreal

EXECUTIVE SUMMARY The purpose of this report is to help me prepare for a career as a chartered in Canada, specifically in a firm in Montreal. I would like to graduate from John Molson School of Business with a grade point average that is higher than three so that I can then apply to the CA program and become a chartered accountant. Before I do all that, I need to get as much information as possible about the job and about the business field in general. In this report I will be using many different sources that will help me gain the information and the experience that I need.The first source is a book called â€Å"Successfully Managing your Accounting Career† by Henry Labus. â€Å"Montreal Financial: Small Business Accounting and Financial Consulting† is the blog that I will be using for this report from: http://www. montrealfinancial. ca/blog/. Accountants World Do More Do better is the discussion forum from: //www. accountantsworld. com/newforums/. The newsletter that I will be using is called The Accounting and Bookkeeping Tips Newsletter (www. accounting-and-bookkeeping-tips. com). â€Å"Issues in Accounting Education† is the peer reviewed journal that I am using for this report (http://aaahq. rg/pubs/issues. htm). As a primary source, my friend Michael Lewin will be available to help me in my career. The charitable organization I would like to volunteer for is the synagogue Hekhal Shalom. As an additional source I found the† Association Canada† (http://0-site. ebrary. com. mercury. concordia. ca/lib/concordia/docDetail. action? docID=10413264) repertoire where I can find association that have to do with the accounting job in Canada. A bar graph demonstrates how Montreal is the best city for continuing my education after my bachelor so that I can become a CA.A survey is also provided so that chartered accountants in Montreal can actually help me by telling me what they went through. Purpose Statement The purpose of this repor t is to help me prepare for a career as a chartered accountant in Canada, specifically in a firm in Montreal. BOOK REFERENCE Title: Successfully Managing Your Accounting Career Author: Henry Labus Date and Location of Publication: 1988 URL: http://www. flipkart. com/successfully-managing-your-accounting-career-book-0471633887 DescriptionThis book is about how life would be when I become an accountant; it basically explains everything there is to know about living the life of an accountant; such as: career planning, balancing home and career life, what is going on in the accounting fields. Justification This is the most relevant book for my specific carer search because it gives me a head up on what is coming up in my career plans and it gives me insight on the job itself and shows me what it is like. Most accountants have a hectic lifestyle and this book should show me how to balance my career and my personal life. BLOGTitle: Montreal Financial: Small Business Accounting and Financi al Consulting Author: Ronika Khanna, Chartered Accountant and Chartered Financial Analyst URL: http://www. montrealfinancial. ca/blog/ Date & Time Last Viewed: Sunday November 7, 2010 Date of Most Recent Post: Thursday, November 4, 2010 Description This blog gives me general information about what is going on in the accountancy field and in business in general. It has many different categories that allow me to easily browse the blog. The author post fun and interesting information about accounting and financial related issues.Justification This is the most relevant blog for my specific career search because if I read the post that the author is making, it can give me a better understanding of the field that I am looking forward to work in. I can learn many different things that not everyone is aware of and that way I can have competitive advantage knowledge in my field. DISCUSSION FORUM Title: Accountants World Do More Do better URL: http://www. accountantsworld. com/newforums/ Date & Time Last Viewed: Friday November 5, 2010 Date of Most Recent Post: Friday November 5, 2010Moderated: Not Indicated Description This discussion forum informs me about many different topics in accountancy such as: auditing, ethics, taxation, technology, financial planning and much more. It shows me the full discussion about the topic that I choose and it is very easy to understand. Justification This is the most relevant discussion forum for my specific career search because, I can learn about every different aspect of the field; in order to become a chartered accountant in Montreal, I need to know as much as I can, and get as much help as I can get.It is also a great networking tool and an easy way to find different opinions from professionals in the accounting workforce. NEWSLETTER Title: The Accounting and Bookkeeping Tips Newsletter Author: N/A Subscription URL: http://www. accounting-and-bookkeeping-tips. com/accounting-basics-newsletter. htm Frequency of Distribution: Weekly Date & Time Last Viewed: Friday November 5, 2010 Date of Most Recent Issue: Sunday November 7, 2010 Description This online newsletter sends weekly e-mails about all sorts of different subjects that directly relate to my future career plans.It gives me marketing opportunities in the accounting industry; it shows me how to get involved in the business world and how to sell myself as a professional. Justification This is the most relevant newsletter for my specific career search because it only sends me valuable information about the accounting job but it also gives me tips and ideas of how to make myself work and shape me for my future profession. This newsletter keeps me up to date with news in the industry. PEER REVIEWED JOURNAL Journal Title: Issues in Accounting EducationPublisher: American Accounting Association Subscription Coordinates: http://aaahq. org/pubs/issues. htm, then click on submission information and it shows you exactly what to do to subscribe. Description This pe er review journal is very focused on the accounting field. It describes many issues that have to do with students in the accounting major and it illustrates different factors that affect the student accounting career choice. It reviews many journals that regard the accountancy field and more specifically the chartered accounting career. JustificationThis peer reviewed journal is most relevant to my job search because I am still in school and I don’t know what the future of my education can be like, so this peer review journal can help me learn about how a student behaves and copes with all the problems before I find my job, and I could read about many topics that have to do with my career choice. PRIMARY SOURCE Description My primary source is my friend Michael Lewin. He was a John Molson student that is currently working as a chartered accountant in Montreal, which is exactly what I would like to do.He is a reliable source because every time I need help or if I have a questi on about school, he will always help me. Justification This is the most relevant primary source for my specific career search because I know this man for a long time and he is very reliable, we come from the same high school as well as the same college, therefore he knows exactly what I have to go through in order to become what I want to be. CHARITABLE ORGANIZATION Title: Hekhal Shalom Synagogue Contact Coordinates: Rabbi Ronen Abitbol 825 Rue Gratton, Saint-Laurent H4M 2G4, QC (514-831-4530) DescriptionThis organisation is a place where Jewish people come to pray and study the bible. This is a charitable organization that helps Jewish people be more in touch with their religious side. It also helps young Jewish kids learn and study about the bible. This organisation gets a lot of donations from people who go there and it spends a lot of money for people that don`t have the financial capabilities to be happy. From my end, I can volunteer to help with the accounting department of th is organization by doing the basic book keeping or data entry so that I can be working with people who know the field and gain more experience.Justification This is the most relevant charitable organization for my specific career search because I actually go there to pray and study, therefore it would be a good deed for me to volunteer and give my time to the community and also it will allow me to learn and get the on hand experience that I am looking for in order to pursue my career plans. ASSOCIATION Source: Association Canada (http://0-site. ebrary. com. mercury. concordia. ca/lib/concordia/docDetail. action? docID=10413264) DescriptionThis source is the association repertoire of Canada; where I can find any association that I am looking for, including accounting associations. In order to get as much information as possible I looked up an association that is relevant to my career choice. Justification This is the most relevant association repertoire for my specific job search bec ause when I find all these different associations, I can contact them (either electronically or in person) so that I can ask questions about my future career plans.Since this is a Canadian association repertoire, it is easy for me to find the information I need because I want to work in Montreal. CONCLUSION In conclusion, this report states what I need to do to launch my career and help me gain as much information and experience as I can before I graduate and become a chartered accountant in the city of Montreal. BIBLIOGRAPHY Abitbol, Ronen. â€Å"Volunteer Work At Hekhal Shalom. † Personal interview. Associations Canada, 2010 Le Repertoire Des Associations Du Canada. Toronto, Ont. : Grey House Pub.Canada, 2010. Ebrary. Concordia, 2010. Web. 07 Nov. 2010. . Canada. Institue De La Statistique Quebec. Institue De La Statistique Quebec. Gouvernement Du Quebec, 17 Feb. 2010. Web. 7 Nov. 2010. Interview. Accountants World Do More Do Better. 05 Nov. 2010. Web. 05 Nov. 2010. . Issue s in Accounting Education (2010). American Accounting Association. Web. 07 Nov. 2010. . Khanna, Ronika. Web log post. Montreal Financial: Small Business Accounting and Financial Consulting. 04 Nov. 2010. Web. 07 Nov. 2010. . Labus, Henry.Successfully Managing Your Accounting Career. New York: Wiley, 1988. Print. Lewin, Michael. â€Å"How to Become a Charted Accountant in Montreal. † Personal interview. The Accounting and Bookkeeping Tips Newsletter. The Accounting and Bookkeeping Tips Newsletter. 07 Nov. 2010. Web. 05 Nov. 2010. . APPENDIX Figures Source:http://www. stat. gouv. qc. ca/donstat/societe/education/etat_scolr/tab3_niv_sco_2006. htm Justification I found a set of statistics that shows how many diplomas above bachelor level are completed in Montreal and in other cities in Quebec.The statistics in this figure will help me prepare for my career because, I can see that Montreal is the city where higher levels of education (such as chartered accountant) are mostly distr ibuted and therefore I can keep studying in Montreal because I know that it is the better city to study in. SURVEY -Intro Paragraph Hello, I am a currently studying accounting at the John Molson School of Business in Montreal. This survey is given to you so that you can help me gain all the information and resources that I need in order to become a charted accountant in the city of Montreal. -RespondentsThis survey will be distributed mostly to accountants that are currently working in Montreal. It can also be distributed to teacher of the accounting field. -Justification The main reason why I want this survey to be distributed to the specific respondents is simply because they all had to go through the same process and they know all the problems and solutions. The responses from this group of people can help me in my career because I would like to follow their footsteps and with the information that they give me I can learn a lot of things. 1) What is the best school to do the CA p rogram? – Concordia b – McGill c – HEC d – Other _______________ 2) How would you rate working as an accountant on a day to day basis (1 being the best, 5 being the worst)? _____________ 3) Which field is more interesting and profitable; auditing or taxation? _____________ 4) What do you recommend I do if my GPA is lower than 3. 0? __________________________________________________________________________________________________________________________________________________________________________ 5) What is the best city in Canada to work as a chartered accountant? a – Vancouver

Friday, January 3, 2020

Household Food Insecurity Access On The Context Of...

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The only members of the food system that are not being exploited are the corporate food producers, and that is because they are the exploiters in this equation. Just like the schoolyard that we are all familiar with, there are two groups on the food system playground; the bullied and the bullies. In comparison to the schoolyard example, the bullies are in the minority,Read MoreImpact of Foreign Aid on Poverty and Economic Development in Nigeria16050 Words   |  65 PagesAnd lastly, it is powerlessness, lack of representation and freedom.† Poverty is the inability to achieve a certain minimum standard of living. It is multidimensional, involving not only a lack of income, but also ill- health, illiteracy, lack of access to basic social services, and little opportunity to participate in processes that influence people’s lives. Mollie Orshansky, who developed the poverty measurements used by U.S government states that poverty is â€Å"to be poor is to be deprived of goods