Performance Management Plan

Performance Management Plan
Nathan Dick
July 16th, 2014
Dr. Virginia Green

Performance Management Plan
Mr. Stonefield has come to our consulting firm and asked for us to develop a performance management framework for his new business venture, Landslide Limousines. The performance management framework will include information that helps him understand the organizational strategy, performance philosophy, job analysis, methods for measuring employee’s skills process for addressing skill gaps, and how to deliver effective performance feedback. In order to make sure that the whole process is efficient and effective, it is imperative that plan’s framework is aligned with the organizational business strategy.   Therefore, having a defined organizational business strategy is the first step in creating the performance management framework.
Performance Management Framework and Organizational Business Strategy
To be effective, the performance management process must be firmly link to and rooted in the organization’s core strategy and business goals.   Strategy involves the formulation of the organization’s mission, goals, objectives and action plans for achievement.   In the University of Phoenix simulation (2013), Mr. Stonefield stated that he wants to provide first-class service transportation to his customers and anticipated -$50,000 in revenue, and a 10% turnover in the first year.   With these clear goals and objectives emphasized, the performance management strategy needs to facilitate the successful achievement of the organization’s strategy. The most important business strategy is to provide first-class service. Competencies translate the strategic vision and goals for the organization into the actions or type of behavior employees must display for the company to be successful.   Performance management should always be a positive tool and aligning the framework with a positive business strategy from the beginning sets high expectations.