Weekly Reflection #8 750 Word Min. Performance Management in Global Operations Based on your readings the insight gained in the class thus far, reflect on and post an answer to the following questions: 1. Identify and analyze 3 of the specific factors that may impact the performance management process of a global company. 2. Discuss the specific cultural, social, political, economic, legal, host-country governmental, ethical, and global market factors that may significantly impact performance management practices and workplace operations. 3. Discuss how HR and management can address these differences in order to respond to the challenges of managing a global workforce. Grading Criteria and Guidelines Reflections: Your reflections should be 750 words in length. You are required to respond with depth, breadth and insight to the reflection question(s). Your reflection must be tied back to the chapter material and outside research is highly encouraged. Properly format your reflection so I can clearly discern which section of the post you are addressing and it does not appear as one long paragraph. The use of section headings is highly encouraged to organize your reflection. Always cite your sources. Response to the topic was… · on time · demonstrates outstanding knowledge of the subject matter through an understanding of the reading and specifically references the readings · integrates the principles of the reading for the week with other material (either from this class, previous classes, additional sources and/or personal experience) in an original and creative way · analyzes readings incorporating your own ideas and applies your own learning from the readings and/or your own experiences Other points to remember: · Proper grammar, spelling, and formatting should be used - these are academic content discussions ... not chat sessions · Ideas and responses are logical and well supported. · Pay attention to the instructions and deadlines. · Quality is more important than Quantity Performance Management Process The figure shows the elements of a typical performance management system and how these are related to each other. The performance management system is an on-going process that must first start with making clear statements on the organizational goals and values based on which performance management standards must be set to govern and direct acceptable employee performance and behavior on the job. Next, there must be a constant monitoring of employee performance with formal performance appraisal feedback and evaluation measures that ultimately should demonstrate the achievement of the stated business results by leading to organizational effectiveness and increasing employee growth. Each phase of the performance management system is closely connected to the other parts and the relationship between each component is a dynamic relation implying that when one part changes, the other parts also must change simultaneously. Managers must pay clos ...