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    Topic: Performance

    measurement system ofMarkets and Markets

    Submitted by:PriyankaKritika Jamwal Jyoti SharmaAkriti Kathait

    Ashish Kumar

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    2

    PerformanceMeasurementPerformance measurement is the

    process whereby an organizationestablishes the parameters withinwhich programs, investments, andacquisitions are reaching the desired

    results.

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    Appraisal

    Performance appraisal is a

    method of evaluating thebehavior of employees in thework spot, normally including

    both the qualitative &quantitative aspect of obperformance.

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    !

    Markets and Markets ,Magarpatta cyber city

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    History

    • "andeep "ugla started his ourney as an entrepreneur in#$$% in the small town of "olapur, with a modest internetcafe that he had to shut down soon.

    •  oday, he earns millions of dollars helping 'ortune ())

    companies identify new revenue pockets throughhis market research and consulting *rm +arkets and+arkets.

    •  he Punebased research company, set up in 2)#), tracks #)industries including medical devices, biotechnology,pharmaceuticals, semiconductor and electronics and - andhealthcare, and produces full length strategically analysedreports for each of these verticals.

    •  +ost of its clients are based in the nited "tates, /urope,0orea, 1hina and apan

    (

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    • +&+ is a full service market research company and consulting*rm that produces #2)) highlevel, strategically analyzed, fulllength reports a year, tracking more than #) industries.

    • +&+ plans to launch industrywise and countrywise markettracker reports for all the verticals we track.

    • This intelligence database comprising about !""""reports a year will form one of the world#s largestbusiness intelligence resources$

    •  +&+ has e3ectively used technology to automate themanagement of large and comple4 market data tables and

    forecasts.

    • 5e, at +&+, aspire to assist our clients achieve sustainablegrowth by providing incisive business insight into theirrespective markets.

    6

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    research e4pertise spans across

    domains such as7

    • Pharmaceuticals

    • /nergy and Power

    • 8iotechnology

    • 'ood and 8everage

    • 1hemicals

    • +edical 9evices

    • :dvanced +aterials

    • "emiconductor and /lectronics

    • -ndustrial :utomation

    •  elecom and -

    • 1onsumer ;oods

    • :utomotive and ransportation

    • 8anking & 'inancial "ervices

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    Arganization "tructure of +arkets and+arkets

    CEO

    Sales - VP

    Outbound

    - AVP

    Sr.Manager 

    AM/IAM

    Sr. BDE

    BDE

    Inbound -

    AVP

    Sr.Manager 

    AM/IAM

    Sr. BDE

    BDE

    Research -VP

    AVP

    Sr. Analyst

    Analyst

    Sr.ResearchAssocate

    ResearchAssocate

    Su!!ort

    "R #nance I$ Ad%n

    #)

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    ##

    Performance MeasurementStages of Markets * Markets$

    "tage #:nnual

    Performance Beview

    "tage 2

    Planperformanc

    e for theyear

    "tage =Beward andBecognition

    "tage !+idtermBeview

    •Assess results

    •Pre!are current

    year

    de&elo!%ent

     !lan

    •Set 'RAs

    •#nal(e

    current year

    De&elo!%ent

     !lan

    •Per)or%anceDln*ed !ay

    •Recogn(e $o!

    Per)or%ers

    •Beview

    results•1ompetencydevelopment plan

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    #2

    +imensions of Performance

    0ey resultarea E=

    1ompetencies weightage

    6)F

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    #=

    Performance Review Objectives

    owner: administrative manager  

    Per)or%ance Del&ery and Results Re&e+

    • $o assess !rogress on ,hat - Busness Results

    • $o assess !rogress on ,"o+ - Sel)/ Peo!le De&elo!%ent and

    Co%!etences• $o clar)y the actons to be ta*en net year to %a%(e !er)or%ance.

    Per)or%ance De&elo!%ent Coachng

    • $o re&e+ !rogress on Per)or%ance De&elo!%ent Plan )or 'RA01'RA 2 and Co%!etences

    • $o credt and co%!l%ent good !rogress• $o coach Assocates so that he / she can %a%(e !er)or%ance

    )ollo+ng 3ear

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    #!

    Recogn(e $o! Per)or%ers

    • $o recogn(e and !ro&de !ost&e )eedbac* to $o! Per)or%ers toensure they are %ot&ated and also challenged / stretched to enhancether gro+th

    Per)or%ance I%!ro&e%ent Plannng

    • $o re&e+ status o) Botto% Per)or%ers already under PIP and ta*ea!!ro!rate actons.

    • $o !re!are Per)or%ance I%!ro&e%ent Plan )or ne+ly-dent)edBotto% Per)or%ers.

    Performance Review Objectives (Cont’d)

    owner: administrative manager  

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    #(

    "tep #7 :ssociate"elf :ssessment

    "tep 2 7 :dminmanager

    :ssessment &:lignment with

    'unctional +anager

    "tep =7Performance

    Beview 9iscussion

    "tep ! 71alibrationmeetings

    "tep ( 7 Bating1ommunication ,Plan 0B: for ne4t

    year.

    Steps in the performance re,iew

    process

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    #6

    Performance Appraisalof markets andmarkets$

    +:B0/" :>9 +:B0/" performanceappraisal is annually. hey appraise theemployee due to their performance aboutgoals of the organization. hey set the goalsat the start of the year and tell the employees

    about the goal if the employees achieve thisgoal they appraise the employees.

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    #%

    Define the job:

    Means making sure that you and your sub ordinate

    agree on his or her duties and job standard.

    Appraise the performance:Means comparing your subordinate's actual

    performance to the standards that have been set.

    Provide the feedback:Means discuss the subordinate performance and

    progress, and make plans for any development

    required.

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    #$

    TalentStrategy

    TalentAssessme

    nt *Segmenta

    tion

    +i3erentiated /eward

    *+e,elopme

    nt.nter,entio

    ns

    5hat is the big pictureC Processes that are going toenable them

    Gow are they going toe4ecuteC

    1losely :ligned to 8usiness "trategy

    +easurement 9riven

    Performance Management System andAppraisal

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    2)

    • Bole /4pansion

    • :ssignments to work on BegionalH>ational issue

    taskforce.• "ponsorship to conferences, and visits to other

    countries Ion rare occasionsJ.

    • :dvanced @earning and 9evelopment Apportunities

    • :ppreciation @etter H 1erti*cates

    • Becognition for accomplishments HA/ 1erti*cation etc.

    etc through 8ottling G8 H 'orumH 8uzz

    • 9i3erentiated 1ompensation

    Recogniing ! "anaging #op Performers

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    2#

    • 8uild on their "trengths. Gelp them leverage what they are

    best at.

    • -dentify critical tasks for which performance needs to be

    enhanced

    • 1reate a 9evelopment :ction Plan to enhance performance

    on critical tasks

    • :ssign Proects to utilize their skills & build con*dence

    • 1hallenge with appropriate stretch obectives to enable peak

    performance

    • 'acilitate problemsolving so barriers to performance are

    removed

    • /ncourage progress and recognize contribution

    Accelerating Performance of Solid Performers

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    2=

    •nflation rate factor 

    Market potential !what of individuals worth according tohis"her e#pertise, job e#perience etc.$

    •Matching with his"her presence career path

    %ersonal development of an individual

    •&ales rewards

    Main parameters used as a base of reward system

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     (early 4asis•mployee salary increment•(rade )ump•

    *esignation change• +nnual incentive %lan !+%$ !for business performance, but fi#ed$•%ersonal %rogress report !%%$ !+nnual +ppraisal$

    Monthly 4asis•  Making the move !M-M, sales target achieve$

    •Monthly turn hall !e#traordinary performance$

    5uarterly 4asis•mployee of the uarter !/, non sales$•  &ales *angle conte#t

    #%pes of Rewards of "AR&'#

    AD "AR&'#

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    2<

    /ecommendation

    Appraisal  system is an e3ectivetechnique to support and change cultureof the organization optimisticallyM it wouldonly be possible if the system is equal forall employees of organization. herefore,company?s management should utilize

    this system to all employees so as toincrease e3ectiveness and productivity.