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.
Nobody downloaded yet

Performance management system for Marks and Spencer - Research Paper Example

Comments (0) Cite this document
The competitiveness of organizations in the context of the global market is often depended on their ability to control their performance. Still, the measures taken in organizations worldwide for the standardization of performance are often inadequate…
Download full paperFile format: .doc, available for editing
Polish This Essay98.3% of users find it useful
Performance management system for Marks and Spencer
Read TextPreview

Extract of sample
"Performance management system for Marks and Spencer"

Download file to see previous pages In practice, it has been proved that the findings of these systems do not always reflect the actual status of organizations, in terms of their performance. Thus, the identification of effective PM systems is a key challenge for managers internationally. The potential use of a performance management system for measuring the performance of Marks and Spencer (UK) is examined in this paper. Three performance management systems are set under examination, as of their appropriateness for Marks and Spencer: the Balanced Scorecard, the Goal Setting and the Individual Reward System. It is proved that all these systems could be used for measuring the performance of Marks and Spencer under the terms that their implications and challenges, as analyzed below, are taken into consideration. In any case, it seems that these systems can reflect rather the current performance of the specific organization, or, at least, the firm’s performance in the short term. If used for studying the potentials of the organization for a long term growth, these systems would be appropriately alternated, as explained below.The measurement of performance is a key part of organizational strategy. However, the criteria on which the measurement of performance of modern organizations is based are not standardized, meaning that each organization can employe different methods for measuring and evaluating its performance. Most commonly, the following issue needs to be addressed: how could a particular organization choose a performance management (PM) system that will offer accurate findings, in regard to the organizational performance? In practice, it has been proved that the use of a popular PM system, such as the Balanced Scorecard, can minimize the risks for failures in measuring organizational performance. Due to its high effectiveness, the Balanced Scorecard is preferred by firms of various sizes; in a relevant research it has been revealed that ‘about 60% of the Fortune 1000 has a Balanced Scorecard in place’ (Niven 2006, p.2). However, under certain terms, the findings of a Balanced Scorecard may not fully reflect the performance of a particular organization. In this context, the use of other performance management (PM) systems, as alternative, is often considered as unavoidable. The three PM systems presented in this paper, i.e. the Balanced Scorecard, the Goal Setting and the Individual Reward System, are analyzed in particular as of their use in measuring the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Performance management system for Marks and Spencer Research Paper”, n.d.)
Retrieved from https://studentshare.org/management/1399337-performance-management-system-for-marks-and-spencer
(Performance Management System for Marks and Spencer Research Paper)
“Performance Management System for Marks and Spencer Research Paper”, n.d. https://studentshare.org/management/1399337-performance-management-system-for-marks-and-spencer.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Performance management
One of the worst scenarios that the CEOs consider themselves to face is the need for demonstrating the ability to develop the required performances and skills of the employees through training and development programmes. Apart from that the HR roles are being scrutinised continuously in terms of developing strategies for enhancing the performances of the employees that can add value to the organisation’s objectives.
12 Pages(3000 words)Research Paper
Marks and Spencer is one of the leading and the most recognized name in the fashion industry
The operations of the company are widespread with global presence and footmark on more than 43 countries worldwide and the company houses employees worldwide which accounts to a staggering 81,000 individuals. The company’s main business consists in selling fabric items and clothing for men, women and kids’.
17 Pages(4250 words)Research Paper
Marks & Spencer and performance analysis
Marks & Spencer and performance analysis. Marks & Spencer is a diversified business entity that considers multiple elements of product and customer service related practices in order to align the organisation to meet its long-term strategic goals. The organisation currently operates with its core brand concept, fashion and home-related merchandise, acting as the foundation for its business success over the last six decades.
7 Pages(1750 words)Assignment
Marks & Spencer Marketing in the United Kingdom
The effect of globalization in the recent times is being dispersed in a very smooth manner due to the high level penetration that has been attained by the internet and other highly sophisticated technology devices in various global markets. As a direct impact of globalization, consumers located in various markets around the world are increasingly becoming aware of the highly diversified kinds of product and service offerings that are available in the global markets.
8 Pages(2000 words)Research Paper
Investment Analysis of Tesco, and Marks And Spencer
(Penman, 2003). In all the methods available to investors, investment analysts provide an almost endless stream of information and recommendations for investors to sort out. There are often claims that some shares are undervalued, some overvalued while the others value represent a true market value.
10 Pages(2500 words)Research Paper
Financial Analysis of Marks and Spencer
The rest of the paper is organised as follows: Section 2 provides profitability analysis of the company. Section 3 analyses the liquidity position of Mark and Spencer while section four, which is the industry for the four companies under study, section 4 focuses on the solvency position.
4 Pages(1000 words)Research Paper
Ratio Analyzes of Marks & Spencer Company
Accounting plays an important role in the organization. The accounting records firstly provide accurate information about the financial position of the company to the employees of the company and also the investors, shareholders and other stakeholders of the company.
11 Pages(2750 words)Research Paper
Marks & Spencer plc
By the end of 1998 though, there was evidence of a crisis occurring. Until the late 1990's Marks & Spencer plc was hugely successful in terms of profit and market share. Since then it has been a company in decline-a company seemingly losing its position and place in its industry.
14 Pages(3500 words)Research Paper
Marks & Spencer
The major concern, however, with regard to the use of traditional shares repurchase is from the point of view of the investors who do not sell their shares, as no apparent transfer of wealth has been apparent in contrast to, say increasing dividends (Emery, Finnerty & Stowe 2007). This is where the advantage of using the B scheme comes in.
12 Pages(3000 words)Essay
Performance measurement system
Feedback is an important part of making decisions in an organization. If there is good performance in an organization then the organization will know the cause for it, and if
5 Pages(1250 words)Research Paper
Let us find you another Research Paper on topic Performance management system for Marks and Spencer for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us