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Performance Management Tips

SlNoItemsHow to doExample
1MissionA Mission Statement defines the company's business, its objectives and its approach to reach those objectives.Typically, senior managers will write the company's overall Mission Statements. Other managers at different levels may write statements for their particular divisions or business units. The development process requires managers to work:
Sample Mission Statement
To build shareholder value by delivering kitchen products, services and solutions in innovative and cost effective ways. We will realize this mission by setting the highest standards in service, reliability, safety and cost containment in our industry.
2VisionA Vision Statement describes the desired future position of the company.
Clearly identify the corporate culture, values, strategy and view of the future by interviewing employees, suppliers and customers
Address the commitment the firm has to its key stakeholders, including customers, employees, shareholders and communities
Ensure that the objectives are measurable, the approach is actionable, and the vision is achievable
Communicate the message in clear, simple and precise language Develop buy-in and support throughout the organization
A significant player in the global industry and a brand of choice, providing customer delight and continuously enhancing stakeholder value.
3Goal Setting Specific
Measurable
Achievable
Results oriented
Time sensitive

Goal Setting Tips


4StrategiesProfit Center Concept-Budgeting

Budgeting Formats


5Monthly monitoring and managing meetings.ReviewsPerformance Management System