Human Resources -- Performance Management and Organizational Effectiveness
The LAMP framework developed by John W. Boudreau is ideal for the development, implementation and evaluation of a performance management system in a China-based U.S.-China joint venture whose employees are predominantly Chinese nationals. Focusing on impact, effectiveness and efficiency, the LAMP method of "decision science" uses the tools of Logic, Analytics, Measures and Process to gauge talentship, and focuses on the most effective ROI. In conjunction with this method, special leadership and feedback would be necessary in establishing this American-Chinese venture due to marked differences between Western and Chinese culture.
Body: Critical issues that need to be addressed in developing, implementing, and evaluating a performance management system in a China-based U.S.-China joint venture whose employees are predominantly Chinese nationals.
Development, implementation and evaluation of a performance management system in a China-based U.S.-China joint venture whose employees are predominantly Chinese nationals would greatly benefit from using the "decision science" of LAMP (Logic, Analytics, Measures and Process) framework espoused by John Boudreau (Boudreau, 2006) in order to gauge "talentship" -- the hidden and obvious talent of current and potential employees (Boudreau, 2006). Logic focuses on Return on Investment by measuring: the inflow of returns on an investment; the outflow of resources for the investment; how the inflows and outflows will occur in future periods; and how greatly the inflows/outflows should be "discounted" for business risk and inflation (Boudreau, 2006). Boudreau uses logic to assess "impact, effectiveness, and efficiency" (Boudreau, 2006), the key "anchors" of Human Resources (Boudreau, 2006). Regarding Asian culture, an assessment of impact, for example, would focus on the culturally different impact of couriers and dispatchers on business success: experts have found that talent traditionally deemed low on the totem pole of Western culture can be highly impactful in Asian Culture (Boudreau, 2006); furthermore, the increasing importance of wages and bonuses within the Chinese culture should be taken into account (Magana & Stai, 2011). Effectiveness focuses on Human Resources decisions'/processes' effect on the talent's capacity and actions; therefore,...
Taking the relationship of employee morale and its linkage with organizational culture to the most extreme case, Yaghi (2007) studied how decision-making processes are implemented in companies where there is a dominant organizational culture. Selecting a faith-based organization as one of the cases for the study, the author determined how decision-making is mainly influenced by the organizational culture, influenced by the values of solidarity, guardianship, and (belief in a) mission
Performance Management System Executive Report on Return on Investment Return on Investment (ROI) is among the outstanding accepted performance measurement as well as evaluation metrics employed in business analysis. When undertaken rightfully, ROI analysis has proved to be the most influential instrument for evaluating on hand information systems as well as coming up with well-versed pronouncements on software acquisitions as well as supplementary projects. A number of years ago, Return on Investment
Performance Management Summary of the Publication "Performance Management: Integrating Strategy Execution, Methodologies, Risk, and Analytics" by Gary Cokins offers a form of map for helping to assess the performance of a company, while maintaining a practical discussion of all the issues which confront an individual in the planning and measuring stage of performance improvement. Cokins is also able to issue a strong message about the necessity of installing predictive metrics in a
Organization Behavior "Performance Management" and "People Performance" Performance Management and People "Performance Management" and "People Performance" Management SUMMARY The purpose of this paper is to discuss and critically evaluate the Performance Management model by Michael Armstrong and People Performance model by John Purcell. The paper starts with an ample introduction and significance of the employee performance management practices and proceeds by discussing the various concepts and strategies which are incorporated by business organizations all over
Management Organizational Structure Organizational structure of an organization is highly determined by the kind of the products, services it is engaged in. Equally important is the size of the organization in determining which type of management structure will be well suited for it. Organization structure thus, is the way the organization is organized according to leadership of the organization. Many studies today reveal that, the nature of organization structure has a
The other major advantage of the use of a pilot group for conducting evaluations and 360 degree feedback survey is it enables pilot participants to act as champions who promote the process in the rest of the organization. Using Rater Groups: When conducting evaluations and 360 degree feedback assessments, using small but relevant rater groups is one of the best methods. The consideration of the number of people to participate in
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now