Exam (elaborations)
HRM3706 Assignment 5 Semester 2 2024
- Course
- Institution
HRM3706 Assignment 5 Semester 2 2024 QUESTIONS WITH ANSWERS
[Show more]
Seller
Follow
mpumeleloh
Reviews received
Content preview
HRM3706 Assignment 5Semester 2 2024
QUESTIONS WITH ANSWERS
, HRM3706 Assignment 5 Semester 2 2024
pERFORMANCE MANAGEMENT AT ZONK’IZIZWE TRADING STORE
Provide advice on how best to align the strategic objectives/goals of
Zonk’izizwe Trading Store with the operational plan of the department and
individual performance goals in order to ensure that the strategic goals are
implemented successfully. Provide relevant examples. [20]
Aligning the strategic objectives of Zonk’izizwe Trading Store with the
operational plan of the department and individual performance goals is key
to ensuring that the organization achieves its long-term goals. Here is a
step-by-step guide on how to create this alignment:
1. Understand the Strategic Objectives
The first step is to clearly define and understand the company’s strategic
goals. These could include objectives like expanding the customer base,
increasing revenue, improving customer service, or enhancing product
offerings. For example, if the strategy is to increase market share by 15%
within a year, all actions in the operational plan should support this.
2. Translate Strategic Goals into Departmental Objectives
Once strategic objectives are set, they need to be broken down into
specific, measurable departmental goals. Each department should
understand how its role contributes to the overall strategy.
• Example: If the strategic goal is to increase revenue, the sales
department might have a target to increase sales by 20%, while the
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller mpumeleloh. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.84. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78252 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now