Exam (elaborations)
HRM3706 Assignment 5 Semester 2 2024
- Institution
- University Of South Africa
HRM3706 Assignment 5 Semester 2 2024 QUESTIONS WITH ANSWERS
[Show more]
Content preview
HRM3706 Assignment 5Semester 2 2024
[Company address]
, 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]
To align the strategic objectives of Zonk’izizwe Trading Store with its operational plans
and individual performance goals, it is crucial to establish a performance management
system that integrates all levels of the business. This ensures that everyone, from
senior management to frontline employees, is working towards the same objectives.
Here’s how to achieve this:
1. Understanding Strategic Objectives
The strategic objectives of Zonk’izizwe Trading Store represent its long-term vision,
typically centered around growth, profitability, customer satisfaction, and market
competitiveness. To align these objectives with operational plans and individual
performance, these goals need to be clearly communicated and understood across all
levels of the organization.
Example: If Zonk’izizwe aims to increase its market share by 10% within the next year,
this strategic objective should be broken down into actionable steps for different
departments, such as marketing, sales, and customer service.
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 EFT, 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller msmartie11. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R44,26. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78121 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now