Explain-rate the importance of measuring performance


Respond to the following:

Q1:Performance Appraisals

Determine why organizations can have higher productivity when top managers encourage supervisors to set goals, assess performance, and provide feedback to employees. Support your answer with examples. Then, describe the experience you have had with performance appraisals and how your performance has been influenced by them.

Rate the importance of measuring performance and providing an opportunity for feedback. Support your position.

Q2:Performance Measurement

Imagine you are working at an ice cream shop. It is the middle of summer, the shop's busiest season, and the electricity goes out during a storm. Rank the actions that you should take in order of importance, as your performance will be measured regarding your immediate actions.

Assess the advantages and / or disadvantages of having more than one source of performance measurement within a company. Support your position with examples. Of the performance measurement sources you provided, select one that you believe your current or previous company could benefit from and explain why.

Q3:Environmental Responsibility

Determine two (2) other costs that BP might have incurred. Give your opinion as to whether or not BP would have been better off had the company taken the necessary precautions to prevent or minimize an oil spill. Support your answers.

Give your opinion on whether governments should be able to rezone and condemn residential land and displace homeowners in the process, in order to facilitate commercial development. Explain your rationale.

Q4:Review the video:

1. How entrepreneurs can change society - the story of Honest Tea: Seth Goldman at TEDxMidAtlantic

2. Dr. Woody Interviews Seth Goldman of HONEST Tea

Evaluate Seth Goldman's leadership performance on the concept of the "Triple Bottom Line" using at least two (2) examples from both resources (at least four [4] total examples) to support your evaluation.

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