Option 1 Using Performance Management Tools To Communicate
Option 1using Performance Management Tools To Communicate Performanc
Performance management tools must rely on the strategic plan to be useful. The behaviors, results, and developmental plans of all employees must be aligned with the vision, mission, goals, and strategies of the organization and the business unit. There are many performance management tools available in the open market. Depending on the size and maturity of the organization, the right performance management tool must be chosen to help the organization communicate performance results with its workforce.
Discuss the following: Identify an international company and evaluate its strategic plan. This can be done by reading about their vision, mission, and goals. Once you have identified the strategic plan, identify one technological tool that can be used to effectively communicate the results of employee performance. Briefly explain how this tool can make for a successful performance management process.
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Your paper should be 5-7 pages in length and conform to CSU-Global Guide to Writing and APA. Include at least three scholarly references in addition to the course readings.
Paper For Above instruction
In today's globalized and highly competitive business environment, effective performance management is crucial for sustaining organizational success. The strategic plan of an organization serves as the blueprint that aligns employee activities and performance outcomes with overarching business goals. This paper examines the strategic plan of the international corporation, Toyota Motor Corporation, and explores a technological performance management tool that facilitates effective communication of employee performance results.
Strategic Plan of Toyota Motor Corporation
Toyota Motor Corporation is renowned worldwide for its innovative manufacturing processes, quality products, and commitment to sustainability. Its vision is "to lead the future of mobility around the world, rooted in its core Toyota Way values." The company's mission emphasizes delivering safe, reliable, and efficient mobility solutions while maintaining environmental responsibility. Toyota’s strategic goals focus on innovation, expanded global market share, sustainable development, and continuous improvement through the Toyota Production System (TPS) (Toyota, 2021).
The strategic plan underpins the company's emphasis on quality, continuous improvement (kaizen), and customer satisfaction, which are integrated into its performance management system. Toyota aligns employee performance with its strategic objectives through comprehensive evaluation processes, skill development, and fostering a culture of innovation and accountability.
Technological Tool for Communicating Performance Results
One effective technological tool for communicating employee performance is the cloud-based performance management software, such as Workday. Workday provides real-time data access, customizable dashboards, and continuous feedback channels. These features make it an ideal tool for Toyota to enhance its performance communication strategy.
Workday enables managers and employees to set, review, and track performance goals aligned with the company's strategic goals. Through continuous feedback and regular performance check-ins, the tool promotes transparency and ongoing development. Its intuitive interface ensures easy access to performance metrics, developmental plans, and recognition programs, fostering a culture of accountability and engagement (Kaufman & Harris, 2020).
Impact on Performance Management Success
The adoption of a cloud-based tool like Workday can significantly improve the performance management process at Toyota by promoting real-time communication, fostering a feedback-rich environment, and aligning individual efforts with organizational strategy. By providing accessible and timely performance information, employees can better understand expectations, identify areas for improvement, and continuously develop their skills. This aligns with Toyota's core value of kaizen—continuous improvement—and supports its strategic focus on innovation and quality (Pulakos, 2009).
Moreover, the use of such tools enhances managerial effectiveness by providing data-driven insights, reducing biases, and ensuring more objective evaluations. The automation and integration capabilities streamline administrative tasks, allowing managers to devote more time to coaching and development, ultimately leading to better performance outcomes (Aguinis, 2019). As a result, Toyota can sustain its competitive advantage by maintaining highly engaged and aligned workforce members.
Conclusion
Aligning performance management tools with an organization’s strategic plan is essential for optimizing employee performance and achieving business objectives. Toyota’s strategic focus on quality, innovation, and continuous improvement can be reinforced through the implementation of advanced technological tools like Workday. Such tools facilitate transparent, ongoing communication of performance results, fostering a culture that values accountability and development. As organizations operate in increasingly complex environments, leveraging the right technology becomes a critical success factor for effective performance management.
References
- Aguinis, H. (2019). Performance Management (4th ed.). Chicago: University of Chicago Press.
- Kaufman, B., & Harris, L. (2020). The Performance Management Revolution: Strategies for Improving Employee Engagement and Business Performance. Harvard Business Review Press.
- Pulakos, E. D. (2009). Performance Management: A Practical Guide for HR and Managers. McGraw-Hill Education.
- Toyota. (2021). Toyota Motor Corporation Corporate Profile. Retrieved from https://global.toyota/en/company/profile/