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Performance Management: JVA Corporation Simulation - Research Paper Example

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The effective management of performance requires a solid understanding of the performance domain which enables to asses and improves performance, not only of the individual but of the organization as a whole. In view of the recent economic crisis and its after effects on business world including JVA Corporation, many firms have changed their strategy to cost cutting strategy while some have gone bankrupt. JVA Corporation’s decision to shut down its international operation is not advisable considering the fact that the livelihood of thousands of employees depend on the company. Therefore, to avoid the closure, this document proposes to review the employee performance as well as the organizational performance on half yearly basis which will allow the employees to earn rewards rather than traditional method of increase. In this scenario, employees, whose performance is not up to the standard will not receive any benefits.

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Summary

Managing performance in competitive business environment, where human resource is considered as the most vital resources of an organization, is essential for retaining the best talent in the industry by reviewing their performance and rewarding them accordingly…
Performance Management: JVA Corporation Simulation
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