Homework answers / question archive /   Question 1: Based on the above case, discuss in 750 words the advantages of the new performance management system within Siemens for strategic decision making

  Question 1: Based on the above case, discuss in 750 words the advantages of the new performance management system within Siemens for strategic decision making

Management

Share With

---

  Question 1:

Based on the above case, discuss in 750 words the advantages of the new performance management system within Siemens for strategic decision making.

 

Hint:

· You are to reflect on relevant HRM330 course material, the case provided in question 1, and external resources when needed.

· From the HRM330 course material, you need to discuss all aspects related to performance management, in terms of definition, relationship between PM and HRM, goal setting theory and the role of supervisor in PM.

· You need to refer to the case and discuss how PM is handled, what has changed and how this is regarded and what are the advantages of the new PM strategy implemented. Your answer needs to include the PM strategy implemented by Siemens but most importantly the advantages encountered.

· It is highly advisable that you support your discussion with relevant references.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Question 2:

The added value of HRM represents potential and unique ways of managing people to gain organizational success. The VRIO framework is one of the frameworks allowing to determine potential organizational success through internal resources. Apply the VRIO framework to a company of your choice and critically discuss in 750 words how such framework allowed the company to reach a high level of performance and consequently competitive advantage.

 

Hint:

• You are to reflect on relevant HRM330 course material.

• You are to choose one organization to implement the VRIO framework. You may refer to the company you have chosen in question 1.

• The company you are to choose as a case study can be from the national, regional, or international environment as long as you have supporting evidence to back up your discussion.

• You are to consider in your discussion all aspects discussed in the course material with regard to the VRIO framework and provide a clear critical discussion and analysis of the presence/absence of the VRIO elements with respect to the chosen company and how this is affecting the company’s performance and consequently competitive advantage.

• Your discussion needs to be supported not only with HRM330 course material and theoretical background but also with real examples based on external resources related directly or indirectly to the chosen organization as a case study.

• It is highly advisable that you support your discussion with relevant references.