In the coming year what are key reasons CM Tech should adopt a performance management system?

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What a wonderful and enlightening 8 weeks we have spent with Emma.  Now it’s time to see what we’ve learned.  Emma comments on a silly Christmas letter from our text found on page 215.  The author of our text has written a wish list to Santa explaining all his wishes for the business world for the coming year.  While it may seem a silly exercise, it’s a great way to get us thinking about what we feel is most important for organizations in the future.  Emma asks you what you would include on your list of most important things if you were to make a wish list for CM Tech.  You take her question to heart and ask if you can get back to her after you do some research and really consider the question.

Your research response for Emma should include the following key elements: 

  1. In the coming year what are key reasons CM Tech should adopt a performance management system?
  2. In the coming year what key actions should the HR team at CM Tech be taking to support performance management efforts?
  3. In the coming year CM Tech wants to implement a new incentive program.  How can they tie the incentive program to their performance management efforts?
  4. In the coming year what efforts should the accounting department put forth to support costing and the performance management effort?
  5. In the coming year how should the budgeting process be optimized to avoid common pitfalls and support the performance management efforts?
  6. In the coming year how should CM Tech go about creating value for their customers and their shareholders?  How does this tie to their performance management strategy?
  7. In the coming year what actions should CM Tech take to enhance their relations with the community, the natural environment, and support sustainability?

Please note – your responses should reflect further research and summarize the key issues we have studied in this course.  Copying work from prior assignments is considered academic recycling and is not allowed.  Your insights in this report should reflect a culmination of learning and application rather than repetition of previous insights.

Your report should outline the key concepts in each area listed above and provide examples as appropriate.  Be sure your report is a minimum of 8 pages, includes an introduction and conclusion paragraph, title page, and references page.  The title and references pages do not count toward the total page count.  The report should be formatted in APA style and be supported by a minimum of five scholarly references.

Since CM Tech is a fictitious company, you may use great liberty in this assignment in creating or imagining the details needed in order to write your report