Looking at the future, Magnitude Technologies plans to continue reinforcing the needed cultural change to support...

  

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Looking at the future, Magnitude Technologies plans to continue reinforcing the needed cultural change to support forced distribution ratings. The performance management team continues to educate employees about the system to ensure that they understand that Magnitude Technologies still rewards good performance; they are just measuring it in a different way than in the past. There is also a plan to monitor for and correct any unproductive practices and implement correcting policies and practices. To do this, Magnitude Technologies plans on continued checks with all stakeholders to ensure that the performance management system is serving its intended purpose. QUESTION 1 "The key stages of the performance management cycle are planning, implementation, monitoring and review." To what extent does Magnitude Technologies' new approach to performance management align with the key stages of the performance management cycle? Discuss. QUESTION 2 (25 Marks) QUESTION 3 (25 Marks) Critically discuss whether Magnitude Technologies' approach is that of performance management or performance appraisal. (25 Marks) "Magnitude Technologies' CEO announced that he wanted to implement a forced distribution performance management system. Is the forced distribution performance method appropriate for Magnitude Technologies, or would the balanced scorecard method have been a better approach for the organisation? Discuss. Looking at the future, Magnitude Technologies plans to continue reinforcing the needed cultural change to support forced distribution ratings. The performance management team continues to educate employees about the system to ensure that they understand that Magnitude Technologies still rewards good performance; they are just measuring it in a different way than in the past. There is also a plan to monitor for and correct any unproductive practices and implement correcting policies and practices. To do this, Magnitude Technologies plans on continued checks with all stakeholders to ensure that the performance management system is serving its intended purpose. QUESTION 1 "The key stages of the performance management cycle are planning, implementation, monitoring and review." To what extent does Magnitude Technologies' new approach to performance management align with the key stages of the performance management cycle? Discuss. QUESTION 2 (25 Marks) QUESTION 3 (25 Marks) Critically discuss whether Magnitude Technologies' approach is that of performance management or performance appraisal. (25 Marks) "Magnitude Technologies' CEO announced that he wanted to implement a forced distribution performance management system. Is the forced distribution performance method appropriate for Magnitude Technologies, or would the balanced scorecard method have been a better approach for the organisation? Discuss.

Answer rating: 100% (QA)

1 Magnitude Technologies new approach to performance management aligns well with the key stages of the performance management cycle planning implementation monitoring and review 1 Planning The company ... View the full answer