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Exam (elaborations)

HRM3706 Assignment 5 Semester 2 2024

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HRM3706 Assignment 5 Semester 2 2024 QUESTIONS WITH DETAILED ANSWERS

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  • September 25, 2024
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  • 2024/2025
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HRM3706 Assignment 5
Semester 2 2024




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, 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 ensure the strategic goals of Zonk’izizwe Trading Store are successfully

implemented, it's crucial to align them with the operational plan of the department and

individual performance goals. Here’s a structured approach to achieving this:

1. Clear Definition of Strategic Objectives

Zonk’izizwe Trading Store must first clearly define its strategic goals. These could

include increasing market share, improving customer satisfaction, enhancing

operational efficiency, or expanding product lines.

Example: If one strategic goal is to improve customer satisfaction, the store can aim for

a 15% increase in customer retention over the next year.

2. Break Down Strategic Goals into Departmental Objectives

Each department (e.g., sales, operations, customer service, marketing) should have

specific objectives that contribute to the overall strategic goals.

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