100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
HRM3706 Assignment 5 (COMPLETE ANSWERS) Semester 2 2024 R46,65   Add to cart

Exam (elaborations)

HRM3706 Assignment 5 (COMPLETE ANSWERS) Semester 2 2024

 8 views  0 purchase

100% TRUSTED WORKINGS, EXPLANATIONS & SOLUTIONS

Preview 2 out of 8  pages

  • September 27, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (24)
avatar-seller
Lela40
HRM3706 Assignment 5
(COMPLETE ANSWERS)
Semester 2 2024
CONTACT: biwottcornelius@gmail.com

, HRM3706 Assignment 5 (COMPLETE ANSWERS)
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 effectively align the strategic objectives of Zonk’izizwe Trading Store with its operational
plan and individual performance goals, it is essential to integrate the key aspects of strategic
planning, operational execution, and performance management. Here is an approach to achieve
this alignment, along with relevant examples:

1. Clarify Strategic Objectives (Store-Level Goals)

The first step is to ensure that the strategic objectives of Zonk’izizwe Trading Store are clear,
measurable, and actionable. Strategic objectives are long-term goals that define where the store
wants to be, such as expanding market share, increasing revenue, or improving customer
satisfaction.

 Example: A strategic goal for Zonk’izizwe Trading Store could be to increase its market
share by 15% within the next two years by enhancing product range and customer
service.

2. Develop Departmental Operational Plans

Once the strategic objectives are defined, each department (e.g., Sales, Operations, HR) should
create an operational plan that translates the strategic objectives into specific, short-term actions.
These operational plans should detail how the department will contribute to achieving the overall
goals.

 Example: The Sales Department could focus on increasing sales volume by targeting
new customer segments and launching promotional campaigns. A specific operational
goal could be a 10% sales increase in targeted segments within the next year.

3. Set SMART Individual Performance Goals

Individual performance goals should be set according to the SMART criteria (Specific,
Measurable, Achievable, Relevant, and Time-bound) and linked to both the operational plan of

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Lela40. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R46,65. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

73918 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R46,65
  • (0)
  Buy now