Ch 8 Case 1 and 2

Chapter 8 Case 1&2

Case 1

1. Why did Freeport-McMoRan need a performance management system? How will it help the company if it has to adjust its strategy in the future?Case1- Freeport-McMoRan needed a performance management system because the price of mining cooper rose from 75 cents per pound to $4.50 a pound. With the value price that high, they needed to increase production and invest in new companies and equipment. Another concern was that the managers that run each mine separately did not know how the employees were organized at the different mines and to top it off, they did not know what goals or metrics that they wanted to achieve. Performance management system will help Freeport-McMoRan if they have to adjust their strategy in the future by allowing the company to rapidly carry out and monitor the changes needed, while giving it the swiftness to change policies again if or when the price of copper dropped.

2. Do you think a pen-and-paper performance management system could have been as effective as the electronic system Freeport-McMoRan adopted? Why or why not?Case1- No, I do not think a pen-and-paper performance management system could have been effective as the electronic system, Taleo, because employees tend to be impartial. Employees do not always fill out those forms accurately because their mind is somewhere else and to get it over with they just put neutral answers or answers that they think the conductors want to see. They do not fill it out honestly or they just do not fill it out at all. Whereas, Taleo is a web program that can be filled out at any time. Employees have the chance to do it at home on their own time where they are relaxed and more likely to think with a clear mind to actually give an honest feedback.

Case 2

1. Why do nonprofits such as the San Diego Zoological Society need an appraisal system if their goal is not to maximize their profits?Case2- The San Diego Zoological Society wanted an appraisal...