Wednesday, June 19, 2019

360 Degree Performance Morgan Stanley Case Study

360 Degree Performance Morgan Stanley - Case Study ExampleThe problems at Stanley Morgan atomic number 18 associated with the improper assessment of the personnel of the company. The bran-new system that is passage to be implemented should resolve a lot of the inefficiency of the old system. I do not think that the problems the company faces are a symptom of a larger problem.An immediate issue that needs to be address is to ensure that the new evaluation system does not promote individuation over teamwork. Teams are groups of people who work actively together to achieve a purpose for which they are all accountable (Schermerhorn, Hunt, Osborn, 2003, pg. 192). The new evaluation system does not beat the capability to differentiate between team skills and personal abilities of the workers. Team skills are a valuable ability for an employee to have due to the shift way from individualism in the corporate world.The new strategic direction of Morgan Stanley is geared towards being abl e to fully access the performance of the employees in order to maximize the capabilities of the workers of the firm. The new system will directly impact over 2,000 employees at Morgan Stanley. Strategic planning is critical to the success of a business because it describes where your company wants to go (Pirraglia, 2012).The esprit de corps of the employees is an important factor to monitor at Morgan Stanley. Three ways to improve employee morale are to keep employees feeling like work is more than notwithstanding a job in an effort to keep enthusiasm high, creatively celebrate accomplishments, and allowing employees the freedom to pursue projects they are passionate about (Erb, 2012). Keeping the morale of the workers at the company high is very important because unmotivated workers with low morale typically are less productive employees. The job performance of the employees of a firm is the responsibility of the managerial staff

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.