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.

Performance Management at Vitality Health Enterprises, Inc - Case Study Example

Comments (0) Cite this document
Vitality Health Enterprises has successfully overcome the recessionary pressures and experienced six consecutive quarters of strong revenue growth.The company has been struggling to maintain its industry position for the past few years as a result of growing rate of staff turnover and lack of innovations…
Download full paper
Performance Management at Vitality Health Enterprises, Inc
Read TextPreview

Extract of sample
Performance Management at Vitality Health Enterprises, Inc

Download file to see previous pages... Vitality Health Enterprises, Inc was founded by Hikaru Fred Kikuchi in Ames, Iowa in 1987. Within the first three months, Kikuchi’s achieved sales revenue of more than $15,000 from the business. In late 1989, the firm established its own manufacturing facility in order to minimize the firm’s dependency on Japanese products. By 1991, Vitality’s revenues grew to $3 million per year and the company stopped depending upon Japanese finished-goods suppliers. Over the next few years, Vitality strived to spread its business across United States and Canada and moved its head quarters to Des Moines with intent to take advantages of better expansion opportunities. By 1995, the company gained a strong global presence by launching its products in countries like China, Japan, and Taiwan. In 1997, Vitality increased the size of its business notably with the acquisition of HerbaPure Nutraceuticals, and a decade later the company grew to nearly 7,000 employees.
In order to address the stagnation caused by the 2008 global financial crisis and to deal with rising material costs, the Vitality recruited a new CEO, Beth Williams. As part of implementing the new business strategy developed, Williams organized the Performance Management Evaluation Team (PMET) to evaluate whether performance management goals were met. The PMET discovered that the many of the employees had not been satisfied with the current performance management system because it often failed to appreciate top performers adequately. Williams identified that rewarding top performers adequately and retaining them with the company for a long time were essential to accelerate the company growth. She also observed that a well planned restructuring of Vitality’s compensation practices would be inevitable to bring the change identified and to attract new top talent. As a result, Williams implemented the new performance management system in June 2009. To be specific, the problem with the firm was that the new performance management system characterized with a forced distribution model of performance rankings, ‘moving from an absolute ranking system to a relative one’ (Bingham & Beer, 2012). The company continued this system for the next two years. James Hoffman, the newly appointed vice president of human resources at Vitality, found that the new performance management system was not really helpful to motivate top performers despite six straight quarters of strong revenue growth. Evidently, the new system also underappreciated the efficiency of top performers and assisted poor performers to survive, because many of the managers had not been effectively abiding by this system. Some shortcomings of the new system also contributed to this problem. Section 2 2. Effectiveness of Vitality’s Performance Management System While analyzing the corporate history of Vitality Health Enterprises, it seems that the firm’s performance management system has not been effective. The firm’s previous performance management system posed numerous problems to its professional staff including scientists, engineers, and product ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Performance Management at Vitality Health Enterprises, Inc Case Study”, n.d.)
Retrieved from https://studentshare.org/management/1483106-performance-management-at-vitality-health-enterprises-inc
(Performance Management at Vitality Health Enterprises, Inc Case Study)
“Performance Management at Vitality Health Enterprises, Inc Case Study”, n.d. https://studentshare.org/management/1483106-performance-management-at-vitality-health-enterprises-inc.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Performance management
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.
2 Pages(500 words)Case Study
Operatins Management - Cruise Inc. - Case Study
Be very specific with your response. Try to determine the implications of any productivity measure that you propose. The insight of the Norwegian Cruise Line’s Pearl gives a great understanding of the massive $30 billion cruise industry. Almost every activities of the cruise generate business for the company in any way through the intensive demand of the customers to avail the royal offering from the cruise.
5 Pages(1250 words)Case Study
Health Management Systems
However, there are many aspects to a company other than the management, which can have equal effects. These aspects include the relationship between the management and employees, and that of the company in general with customers, as well as the production strategies employed by the company.
6 Pages(1500 words)Case Study
Manage Performance Management Systems
Termination of the employee is not a blindfolded decision where the employer just fires the employee deciding on the brink. Termination, as the case study shows, is a thought out process where the employer appraises the employee and then takes a decision.
10 Pages(2500 words)Case Study
Performance & Reward Management
Though the presentation was very good but it had certain drawbacks that I would like to discuss here in this paper plus the positives of the presentation would also be discussed. The combination of text with picture representations was also done quite effectively.
2 Pages(500 words)Case Study
Sykes Enterprises
Sykes Enterprises is in a tough scenario: its revenues have not increased over the past periods and its competitive strategy has not paid off. Convergys Corporations and TeleTech Holdings Inc. have been the major players in the industry that have captured a larger segment of the market leading to small companies like Sykes Enterprises focusing on a cost-competitive strategies rather than quality competitiveness.
4 Pages(1000 words)Case Study
Case studies on performance management
While she is magnificent at outlining instructional classes, she does not (do not use abbreviations, this is university,it is supposed to be formal writing) have the interpersonal aptitudes to successfully convey the
8 Pages(2000 words)Case Study
Strategic management of Apple Inc. and Samsung Group
Products are of very premium categories. Samsung believes in filling the market with their products. They offer products ranging from premium to middle targeting customers from all categories. Samsung always maintains good mixture of different products. From
10 Pages(2500 words)Case Study
Apple Inc. s Returns Management Practices
There are four main interdependent components of an organisation namely finance, marketing, human resource and operations. Operations management is defined as the process of
10 Pages(2500 words)Case Study
Comparing the S&S Air Inc. performance with Cirrus Aircraft
The ratio is almost at the lower level within this industry. Therefore, Equity has high value than liabilities. Positive review.
2 Pages(500 words)Case Study
Let us find you another Case Study on topic Performance Management at Vitality Health Enterprises, Inc 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