Nobody downloaded yet

Strategy and Performance Management at DSM - Essay Example

Comments (0) Cite this document
An attempt has been made to identify the key processes that DSM needs to provide within its system in order to successfully link its key success factors…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
Strategy and Performance Management at DSM
Read TextPreview

Extract of sample "Strategy and Performance Management at DSM"

Download file to see previous pages The final KSF is important from the point of view of the merchant players. Low cost and security from sales is essential for them (Cai, et al, 2009). The KSFs can be linked with each other, if some of the steps of performance management are implemented within the system of DSM. The process of performance management consists of five steps. The steps consists of planning, developing, monitoring, rating and finally development planning. Among the various steps, planning, developing and rating is important from the perspective of DSM. This is because, all the selected steps are essential to enhance the KSFs and helps in ensuring integration within the factors (Armstrong & Baron, 2000).
The suggested process consists of planning, developing and rating. Analyzing the processes would justify the rationale behind the suggestions. The three suggested steps are also linked with each other. The adoption of these steps within the system would help DSM to amalgamate the KSFs effectively. Planning is essential in an organization as it is the main factor that helps in properly allocating the resources of a company. Planning ensures that the company capitalizes on the opportunities available to it and the process is done in a cost effective way. Proper planning helps to meet the requirements of the customers. The demands of the customers can be fulfilled if proper production plans are designed. Efficient distribution of sales will be ensured if planning is done in the process of identifying potential target customers (Cai, et al, 2009). The second step involves activities that are related to efficient development of ideas and techniques. This step is connected to the first step. If proper planning is not done, the development process will also not be productive. Development is also an integral step in the process of performance management. Innovative techniques of production have to be developed in order to gain comparative advantage in the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Strategy and Performance Management at DSM Essay”, n.d.)
Retrieved from
(Strategy and Performance Management at DSM Essay)
“Strategy and Performance Management at DSM Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Strategy and Performance Management at DSM

Performance management

... The Performance Management Process in Colorado Boulder The review of literature covers readings and materials how performance management process has evolved and practiced in Colorado Boulder University. There are several studies that summarized the importance of performance management (PMP) and defined how it is done. In a similar state as in Berkeley, University of California, the PMP is a mission carried out in the campus through the individual and combined efforts of its employees. In this process, employees do their best because they know that their contributions are acknowledged and recognized. In PMP, an on-going process of communication is developed between the supervisor and the employee throughout the year in achieving... the...
2 Pages(500 words)Case Study

Performance Management

..., in high technology firms, technological innovations becomes critical in responding to fast changes, so much so that innovation highly depends on acquiring new knowledge. 3. As a senior leader in an organization what can you do to change the culture and in turn increase performance of the business? To change an organizational culture is a difficult task because it has been entrenched and grown over time. Often times, people and management are too comfortable in it to attempt for a change and only a dramatic or significant event can change this culture like bankruptcy, loss of sales and customers or maybe lives. In starting a cultural change, senior leader should make an assessment, results of which could...
3 Pages(750 words)Essay

Utilizing the DSM-IV-TR: Assessment,Planning,and Practice Strategy

.... Anxiety is that uncomfortable feeling of fear and it reflects the thoughts and bodily reactions a person has when they are faced with an event or situation that they cannot manage or undertake successfully. It causes many responses which include; physical responses caused arousal of the nervous system leading to physical symptoms such as a racing heartbeat, cognitive responses caused by thoughts about the situation and the one’s ability to cope with it. For someone experiencing high anxiety this often means interpreting situations negatively and having unhelpful thoughts, behavioral responses which may include avoidance or uncharacteristic behavior including aggression, restlessness or irrational behavior repeated...
3 Pages(750 words)Essay

Performance management

...for the allocation of the work between management and workers in a manner that managers spend most of their work time while laying out strategies and training while workers perform the routine activities in an efficient manner. Taylor made a contribution to performance management through ensuring job description, task specialization and incentive schemes for the highly performing employees (Aguinis 2012). Another early theorist of performance management in organisations was Mc Gregor. He came up with improved performance appraisal methods and measures of improving...
6 Pages(1500 words)Essay

Bank strategy & performance

...and acquisitions, strategic alliances, competition, globalization, operational risks, cost reduction, time to market, surging volumes, e-commerce, enhancing flexibility, business diversification such as non-financial services and becoming ‘‘service aggregators’’, etc” (Centeno, 295). Holding a desirable market share, enhancement of cost efficiency and expanding the reach to customers are the main reasons why banks use the Internet banking facility. On an overall basis, IT investment in banks especially in hardware, software and IT related services are assumed to bring about improvement in bank performance. However a research shows that despite the banks being one of the key investors in IT, there is little association...
6 Pages(1500 words)Essay

HRM, Strategy and Performance

...HRM, Strategy and Performance HRM: Strategy and Performance Human resource management is one of the core segments of the modern organizations. The strategies developed by the HR department drives the organizational activities. Since manpower controls all other resources of an organization, effective utilization of manpower is essential for the better functioning of an organization. No machine, material or money can be effectively utilized without the supervision from the human element. Earlier, instead of human resource management, the term personnel management was used. But, according to modern...
11 Pages(2750 words)Essay

Strategy and Organizational Performance

...Running Head: Strategy and Organizational Performance Strategy and Organizational Performance Inserts His/her Abstract The study at hand deals with the topic of strategic management and strategic planning process. Strategy is the line of actions undertaken to achieve the set of goals and objectives that organizations possesses. The strategic management works with the help of planning as a tool and gears the organization towards its proper direction with the help of mission statement, vision, policies and responsibilities. In most of the organizations, the strategy formulation and implementation is positively related with the performance. If the strategies are formulated and executed properly, then the organizational performance... will be...
7 Pages(1750 words)Research Paper

DSM-IV Evaluation

...An Appraisal of DSM-IV The DSM-IV ification aids clinicians in formulating the appropriate diagnosis for certain mentaldisorders. To obtain insight regarding this, it would be beneficial to make an analysis of certain case studies to be able to understand such categorization. Keywords: DSM-IV, analysis, classification, mental disorders An Appraisal of DSM-IV The DSM-IV Classification of Mental Disorders reflect a consensus of current formulations of evolving knowledge in the medical field; nevertheless, they do not encompass all the conditions for which individuals may be cured or that may be suitable topics for research efforts (BehaveNet Clinical Capsule). The objective of DSM-IV is to impart clear descriptions of diagnostic... ...
2 Pages(500 words)Assignment

DSM Diagnosis

...with her on walks or hikes because he is afraid of seeing a snake. George admitted that he began drinking alcohol in his mid-30’s to help quell his fears; he first started drinking to manage the anxiety that would arise when thinking about flying or snakes, but now he drinks every night, regardless of exposure to these things. George and Joan would like some help in getting his fears “under control” so that they can begin enjoying their time together. Multiaxial Evaluation Report AXIS 1 Clinical Disorders & Other Conditions That May Be a Focus of Clinical Attention 300.29 Specific Phobia 300.11 Conversion Disorder 303.90 Dependence AXIS 2 Personality Disorder & Mental Retardation N/A AXIS 3 General Medical...
3 Pages(750 words)Essay

Business Performance and Strategy

... School: BUSINESS PERFORMANCE AND STRATEGY OF GLAXOSMITHKLINE PLC Lecturer: Contents Company overview and needfor strategy 3 Current strategy of the company 6 Strategy explained by external environment 8 Strategy explained by resources 13 Criteria for assessing possible outcome of strategy 16 Company based criteria 16 Country based criteria 17 Global based 19 Conclusion and recommendation 20 References 21 List of Figures Figure 1: Global pharmaceutical market share by value, 2013 3 Figure 2: Bowmans strategy clock 6 Figure 3: Global pharmaceutical market value forecast from 2013 to 2018 11 List of Tables Table 1: Key competitor comparison of GSK since 2005 4 Table 2: Key financials of GSK since 2009 16 Company overview and need... of the...
14 Pages(3500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Strategy and Performance Management at DSM for FREE!

Contact Us