Global Performance Management Practices Compilation

 ITC LTD ITC  was incorporated on August 24, 1910 under the name Imperial Tobacco Company of India Limited. As the Company's ownership progressively Indianised, the name of the Company was changed from Imperial Tobacco Company of India Limited to India Tobacco Company Limited in 1970 and then to  I.T.C.  Limited in 1974. To improve performance and further development the organization's human resources, ITC developed a competency framework which identifies seven competencies essential to the ongoing success and development of the organization and its staff. ITC began the development of a people strategy . This underpins ITC'S commitment to attract ,develop,support,and retaining the best staff. the strategy has five primary goals- source,attract and recruit world class talent promote excellence in the fields of leadership and people management  encourage and support staff in their continuing professional development The cornersto...

Goldman Sachs, one of the world's leading financial firms, is yet another Fortune 500 company to overhaul its performance management process. The company faced the blunt end of the financial crises, with the majority of the capital heavily invested in risky housing loans. As a result, the U.S government had to bail the company out. However, the level of problems ran deeper than the their ability to make sound financial judgments, and attract young talent. In recent years, the firm has been accused of simply chasing the green back to get ahead. In fact, a resignation letter penned by a previous employee, outlined just how bad the culture got at a place that was [sic] “built on teamwork, integrity and humility”. A Culture in Crises The letter went to say that it was Goldman Sachs’ culture that led the company  to 143 years of success. According to Greg Smith “I look around today and see virtually no trace of the culture that made me love working for this firm for many year...

The American Express Company, also known as Amex, is an American multinational financial services corporation headquartered in Three World Financial Center in New York City. The company was founded in 1850 and is best known for its charge card, credit card, and traveler's cheque businesses. Performance management practices followed by Amex: Adopting a performance management approach is a structured process designed to increase the likelihood of successes in managing the human variables associated with major change. Change management is a process that strives to move people from the current state through transition to arrive at the desired state. The American Express Performance Management Process provides a systematic and disciplined process for managing change. The process is broken down into major phases of change and the key issues that need to be addressed in each phase. Performance from the change process could be improved employee satisfaction, incre...

Our Mission: Give people the power to build community and bring the world closer together. People use  Facebook to stay connected with friends and family, to discover what's going on in the world, and to share and express what matters to them. Below description provides a better insight into how the Organizational Employee's Performance Management system functions. 360 o  Feedback:  Employees and supervisors at Facebook for the most part realize what's in store when half-yearly execution audits move around. Because of the organization's constant stream of 360 continuous criticism, everybody has a decent comprehension of a worker's presentation before the evaluation, limiting any vulnerability or equivocalness on the two finishes.  Peer Group: The entirety of Facebook's worldwide workers approach interior programming that empowers ongoing feedback among collaborators, while the board utilizes t...

Practice Leads to High Performance as Nike Executes Global Strategy Performance Management System at Nike The Performance management system is the periodic review and formal process, which is the result of work that is done jointly between boss and collaborator. Its main value lies in the fact that it is an instrument for line managers at all levels to maintain a touch with their colleagues, on the way that will meet the objectives and goals of work previously agreed to fulfill our commitments emanating from the strategic guidelines and directives of the organizational plans (Luecke, et.al, 2006). The performance management system at Nike ensures proper and timely fulfillment of the objectives embodied in the organizational plans, identifying the contribution of each employee in the performance of them. It also generates a constant communication between managers and employees to improve job performance of both. The objective of the performance management system at Nike is to p...

Company Description: Accenture is a global management consulting, technology services and outsourcing company. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. With approximately 211,000 people serving clients in more than 120 countries, the company generated net revenues of US$21.6 billion for the fiscal year ended Aug. 31, 2010. Accenture’s “high performance business” strategy builds on their expertise in consulting, technology and outsourcing to help clients perform at the highest levels so that they can create sustainable value for their customers and shareholders. Accenture has extensive relationships with the world’s leading companies and governments and work with organizations of all sizes-including 94 of the Fortune Global 100 and more than three quar...

performance management practices in Comcast Introduction Comcast corporation (formerly registered as Comcast holdings) is an american telecommunication conglomerate headquarter in Philadelphia,Pennsylvanian.It is the second largest broadcasting and cable television company in the world by revenue and the largest pay-TV company,the largest cable TV company and largest home internet service provider in the united states,and the nation third largest home telephone service provider. financial performance The book value of a company nearly doubled from $8.19 a share in 1999 to $15 a share in 2009.Revenue grew sixford from 1999$6 billion to almost $36 billion in 2009.Net profit margin rose from 4.2% in 1999 to 8.4% in 2009,with operating margins improving 31% and return on equity doubling to 6.7% in the same time span.between 1999 and 2009,return on capital nearly tripled to 7%.Comcast reported first quarter 2012 profit increases of 30% due to increase in...

                                   PERFORMANCE AND          COMPENSATION PLANS AT STARBUCKS Starbucks Corporation  is an American  coffee  company and  coffee house chain . Starbucks was founded in  Seattle , Washington in 1971. As of early 2019, the company operates over 30,000 locations worldwide. Starbucks has been described as the main representative of "second wave coffee,"   particularly darkly roasted coffee. Starbucks locations serve hot and cold drinks, whole-bean coffee, micro ground instant coffee known as VIA,  espresso ,  caffe latte , full- and loose-leaf  teas  including  Teavana  tea products, [9]  Evolution Fresh juices,  Frappuccino  beverages,  La Boulange   pastries , and snac...

PERFORMANCE MANAGEMENT OF CISCO-A FORTUNE 500 LIST -59TH COMPANY SMALL INTRODUCTION INTO THE COMPANY: Cisco Systems, Inc. is an American multinational technology conglomerate headquartered in San Jose, California, in the center of Silicon Valley. Cisco develops, manufactures and sells networking hardware, telecommunications equipment and other high-technology services and products.Through its numerous acquired subsidiaries, such as OpenDNS, Webex, Jabber and Jasper, Cisco specializes into specific tech markets, such as Internet of Things (IoT), domain security and energy management. Cisco is incorporated in California. Cisco stock was added to the Dow Jones Industrial Average on June 8, 2009, and is also included in the S&P 500 Index, the Russell 1000 Index, NASDAQ-100 Index and the Russell 1000 Growth Stock Index. Cisco Systems was founded in December 1984 by Leonard Bosack and Sandy Lerner, two Stanford University computer scientists. They pioneered the concept of a...