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HRM538001VA016-1206-001 - PERFORMANCE MANAGEMENT
Strategy and Performance Management at DSM
on Mon, Jul 27 2020, 10:56 PM
52% highest match Submission ID: e892377f-23e3-42f9-bd1d-b45837dfed56
Attachments (1)
Assignment 1 Performance Management.docx
1 STRATEGY AND PERFORMANCE MANAGEMENT AT DSM
STRATEGY AND PERFORMANCE MANAGEMENT AT DSM
2 PERFORMANCE MANAGEMENT HRM 538
27 July 2020
3 INITIALLY, A STATE OWNED MINING COMPANY; 4 DUTCH STATE MINES
ALSO ABBREVIATED AS DSM, WAS ESTABLISHED IN 1902 AND SINCE ITS
CREATION, HAS EVOLVED TO A COMMODITY CHEMICALS BUSINESS FROM A
PETROCHEMICAL BUSINESS COMPANY. 3 TODAY, DSM HAS ESTABLISHED
ITSELF AS ONE OF THE LEADING SPECIALTIES COMPANIES WITH AN
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Assignment 1 Performance Management.docx
Word Count: 1,461 Attachment ID: 3174888546
52%
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ANNUAL NET WORTH OF ABOUT $9 BILLION SPREAD IN VARIOUS FIELDS OF
BUSINESSES THAT ARE ACTIVE RANGING FROM NUTRITION, HEALTH, AND
MATERIALS. Until the early 90’s, the company carried out all of its business operations using
outmoded strategic planning processes like the use of planning and budgeting. As time went by,
because of advancement in technology, DSM had to drop these outdated processes to embrace
change. Over time, DSM recognize that its strategic development processes were poor,
something that resulted into the creation of weak links between the company’s strategies and
performance. Moreover, the outdated processes majorly focused on reducing cost and not
emphasizing on quality. This saw the introduction of a newer approach by the company known
as the Business Strategy Dialogue (BSD) in enhancing and improving the processes of quality
and strategic development by the company. 3 THE INTRODUCTION OF THIS
STRATEGY LATER LED TO THE BIRTH OF CORPORATE STRATEGY DIALOGUE
(CSD) SOMETHING THAT HELPED IN IMPROVING THE CORPORATE
DEVELOPMENT PROCESSES IN THE COMPANY. The initiative later became a part of
DSM’s campaign which was dubbed “Vision 2005: Focus and Value.” It is important to note
that effective performance management processes play an important role in establishing links
between the goals of an organization and its strategies that follow in directly to achieve such set
goals for profitability. Performance management continues to establish key processes that DSM
as a company can apply in its systems, to properly link its KSF’s to the organization. 3 SOME
OF THESE APPLICABLE PROCESSES INCLUDE:
I. Planning: 3 THIS IS THE FIRST STEP INVOLVED IN LINKING THE KSFS OF
DSM. Here, personnel of DSM must choose on how the processes should move going onward.
3 IN THIS STAGE, EMPLOYEES SHOULD COME UP WITH SENSIBLE AND
ACHIEVABLE OBJECTIVES FOR THE ORGANIZATION. Similarly, decisions ought to
be taken on which resources should be dedicated to which specific objectives. Decisions must
also be arrived at on which non required resources to abandon as not all resources play a role in
achieving company objectives.
II. Execution Stage: this is the second process and entails putting into action the plans, goals,
and objectives that have been decided on by the organization. As a company, DSM can apply
strategies of observations and later recording the progress made on implementing such goals,
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plans, and objectives going forward. By doing this, it will help managers and leaders at DSM to
not only project favorable results but also to know whether such plans are being executed
correctly.
III. 2 ANALYSIS OF THE GATHERED INFORMATION: the third process is the
analysis of all the gathered information from a number of processes. Analyzing such data may
go a long way in helping DSM prepare valuable evidence that can be later distributed to
employees on the company’s progress. Such analysis always states clearly what the company is
successfully achieving and what is not being done effectively. 3 AFTER WHICH, NEXT
PROCESSES CAN BE APPLIED BASED UPON THE EXISTING INFORMATION.
After the analysis part comes the reviewing of performance based on the analysis made. For
businesses, carrying out reviews of processes helps in knowing how businesses perform and
how organizations are meeting such things as objectives and goals. In the end, organizations
are in a better position to correct those processes that they feel are lagging behind or motivate
those areas that they feel are lacking motivation.
IV. 2 RENEWAL AND RE-CONTRACTING: this is the final process that DSM can take
into account. This final process employs insights and evidence gained from all the other
processes to set achievable objectives for upcoming and future reviews.
3 FINALLY, ONE CAN DEDUCE AFTER THE DETAILED REVIEW OF THE CASE
STUDY OF DSM THAT THE ORGANIZATION HAS BEEN DOING A GREAT JOB IN
APPLYING THE PROCESSES OF PERFORMANCE MANAGEMENT. DSM’S NEW
PROCESS OF BUSINESS STRATEGY DEVELOPMENT WAS SEEN AS
SUCCESSFUL BECAUSE OF THE APPROACH THE COMPANY TOOK OF
PLANNING, IMPLEMENTING, ANALYZING, AND REVIEWING ALL ITS
PROCESSES. Not only did the organization take time to carry out detailed reviews of its
processes to eliminate outdated practices, it also analyzed the company’s goals and objectives
to the most achievable and realistic ones. Additionally, DSM took time to implement all those
changes they felt might improve their business, and never did anything hastily. All change
implementations were done step by step and wit a lot of patience. 3 FOR INSTANCE, DSM
COMPLETED ITS IMPLEMENTATION IN DIFFERENT PHASES OVER A PERIOD
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OF SIX YEARS STARTING FROM 1994 TO 2000. The fact that the new processes were
assessed from a business perspective that included both macro and micro analysis of the
business system ensured that the new processes were not only effective but also practical from
all angles of business.
3 THE MOST SIGNIFICANT FACTOR LEADING TO THE SUCCESS STORY OF
DSM STRATEGIC IMPLEMENTATION WAS HOW EFFECTIVELY DSM ALIGNED
ITS BUSINESS STRATEGIES TO THE MANAGEMENT OF PERFORMANCE. IN
BUSINESS WORLD, THERE ARE VARIOUS KEY DRIVERS THAT CAN HELP AN
ORGANIZATION OR COMPANY DISTINGUISH ALIGNMENTS WITHIN ITS
SYSTEMS. Many organizations and or companies always struggle to identify and align these
key drivers to be successful. DSM’s case was no different as they too had a difficult time
aligning one of those drivers. 5 THE AREA THAT DSM WAS STRUGGLING WAS IN
TRANSLATING CLEARLY THEIR VISION AND STRATEGY INTO
UNDERSTANDABLE MEASURES AND GOALS. 3 TO ADDRESS THE ISSUE OF
ALIGNMENT WITHIN ITSELF, THE MANAGEMENT OF THE COMPANY
INTRODUCED VISION 2005: FOCUS AND VALUE. HERE, THE COMPANY
FOCUSED ON THREE ASPECTS OF THEIR BUSINESS TO HELP THEM IN
ALIGNING NAMELY;
· Introduced a new financial operating metrics.
· Aligning the strategic business planning processes to increase the promise for performance.
· Accountability for economic control.
3 THESE THREE ASPECTS ENSURED THAT DSM CREATED AN INTERNAL
VALUE-CREATION MEASURE THAT WOULD EASILY APPLY TO BOTH ITS
UPPER AND LOWER BUSINESS GROUP LEVELS. THE OTHER CHALLENGE
THAT THIS ORGANIZATION FACED ALSO INCLUDED THE CHALLENGE OF
ACCEPTANCE WITH REGARDS TO THEIR VISION, GOALS, AND STRATEGIES
AMONG THOSE PERSONNEL WHO WERE TASKED WITH IMPLEMENTING
THEM. 6 IN RESPONSE, DSM CREATED WHAT WAS KNOWN AS SVCS OR
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STRATEGIC VALUE CONTRACTS WHICH FORCED THE INITIATION OF THE
STRATEGY THROUGHOUT ALL BUSINESS LEVELS AND THE ORGANIZATION
TO CURB THIS CHALLENGE. 3 ADDITIONALLY, THE OTHER IMPROVEMENT
THAT DSM AS A COMPANY IMPLEMENTED WAS THE MEANINGFUL
INCORPORATION OF INCENTIVES, SOMETHING THAT ENCOURAGED
EMPLOYEES TO DEVELOP SUFFICIENT CAPABILITIES AND TO DEPLOY THEM
TO ACHIEVE ALL SET GOALS. DSM INTRODUCED SHORT-TERM INCENTIVE
PROGRAMS WHICH INCLUDED REWARD OF 20 TO 30 PERCENT TO
EMPLOYEES ON TOP OF THEIR BASE SALARIES. 6 AS A FINAL POINT, THE
COMPANY ALSO INTRODUCED A PERSONAL SHARE OPTION SCHEME WHICH
WAS ADDED ALONGSIDE THE EXISTING MANAGEMENT OPTION SCHEMES.
There exist points of assessments that can go a long way in helping businesses perform in-
depth organizational performance evaluations on their management systems. 5 ONE SUCH
ASSESSMENT POINT IS ORGANIZATIONAL PRECURSORS. THIS TOOL CAN
HELP AN ORGANIZATION GATHER BASELINE MEASUREMENTS OF THE
BEHAVIORS OF CURRENT PERFORMANCE MANAGEMENT AND ALSO HELP
THEM DETERMINE WHAT TO EMPHASIZE DURING SUCH PHASES LIKE THE
TRAINING PHASE IN A PERFORMANCE MANAGEMENT SYSTEM. According to the
case study, DSM proved useful in the gathering of all the required preliminary information,
something that played a major role in determining the organizations current status.
Additionally, the information gathered also highlighted what was required to be done to
achieve the set goals and objectives. Also, they did an extensive requirement study for both
current and all other possible outcomes for their business within the next few years apart from
creating a new strategic approach in 9 months and applying the same over the period of 6 years
in different phases. The company also introduced various policies and programs to improve
accountability on the part of the employees while also encouraging compliance with its new
business strategy development process within its ranks. 3 ASSESSMENT OF ALL
TRAINING SESSIONS WAS ALSO DONE AT THE REACTION AND LEARNING
LEVELS. HOWEVER, DSM COULD HAVE DONE A THOROUGH AND MORE IN-
DEPTH TRAINING EVALUATION AT THE REACTION LEVEL. FINALLY, TO
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OVERCOME THE CHALLENGES OF ENFORCING THE IMPLEMENTATION OF
ITS NEW BUSINESS STRATEGY DEVELOPMENT PROCESS AT THE BUSINESS
GROUP LEVEL, THE ORGANIZATION INTRODUCED SVCS TO HOLD ITS
EMPLOYEES ACCOUNTABLE FOR IMPLEMENTING AND MONITORING THE
WHOLE PROCESS OF BSD.
References
Bloemhof, M. (2004). 1 STRATEGY AND PERFORMANCE MANAGEMENT AT
DSM. 2 RETRIEVED FROM HTTP://CONTENT.XANEDU.COM/CASES/INSEAD
/5165.PDF?ID=0.00951426716438064
Match, N. A. N. (2018). 3 PUTTING RESEARCH INTO PRACTICE.
Citations (6/6)
Matched Text
1 https://www.studypool.com/questions/557777/Write-paper-on-Strategy-and-Performance-Management-at-
DSM 2 Another student's paper: Author: Katrina Smith; Submitted: Mon, Apr 22 2019, 12:16 AM; Filename:
Assignment 1 Strategy and Performance .docx 3 Another student's paper: Author: Gabrielle Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM; Filename: HRM
538 Week 3 Assignment 1 Strategy and Performance Management at DSM.docx 4 Another student's paper: Author: Tina Kennedy-Dixon; Submitted: Mon, Jul 25 2016, 9:04 AM; Filename:
week 3-Assignment 1.docx 5 Another student's paper: Author: Delores Blango; Submitted: Fri, Jul 22 2016, 11:22 AM; Filename:
HRM-538 Assignment 1.doc 6 Another student's paper: Author: Audrey Bellah; Submitted: Thu, Apr 18 2019, 8:18 PM; Filename:
HRM538 Assignment 1- Strategy and Performance Management at DSM.docx
Suspected Entry: 100% match
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Uploaded - Assignment 1 Performance
Management.docx
STRATEGY AND PERFORMANCE MANAGEMENT
AT DSM
Source - https://www.studypool.com/questions/557777
/Write-paper-on-Strategy-and-Performance-
Management-at-DSM
Strategy and Performance Management at DSM
Suspected Entry: 100% match
Uploaded - Assignment 1 Performance
Management.docx
STRATEGY AND PERFORMANCE MANAGEMENT
AT DSM
Source - https://www.studypool.com/questions/557777
/Write-paper-on-Strategy-and-Performance-
Management-at-DSM
Strategy and Performance Management at DSM
Suspected Entry: 100% match
Uploaded - Assignment 1 Performance
Management.docx
STRATEGY AND PERFORMANCE MANAGEMENT
AT DSM
Source - https://www.studypool.com/questions/557777
/Write-paper-on-Strategy-and-Performance-
Management-at-DSM
Strategy and Performance Management at DSM
Suspected Entry: 99% match
Uploaded - Assignment 1 Performance
Management.docx
PERFORMANCE MANAGEMENT HRM 538
Source - Another student's paper: Author: Katrina
Smith; Submitted: Mon, Apr 22 2019, 12:16 AM;
Filename: Assignment 1 Strategy and Performance
.docx
HRM 538 Performance Management
Suspected Entry: 100% match
Uploaded - Assignment 1 Performance
Management.docx
ANALYSIS OF THE GATHERED INFORMATION
Source - Another student's paper: Author: Katrina
Smith; Submitted: Mon, Apr 22 2019, 12:16 AM;
Filename: Assignment 1 Strategy and Performance
.docx
Analysis of The Gathered Information
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Suspected Entry: 100% match
Uploaded - Assignment 1 Performance
Management.docx
RENEWAL AND RE-CONTRACTING
Source - Another student's paper: Author: Katrina
Smith; Submitted: Mon, Apr 22 2019, 12:16 AM;
Filename: Assignment 1 Strategy and Performance
.docx
Renewal and Re- Contracting
Suspected Entry: 100% match
Uploaded - Assignment 1 Performance
Management.docx
RETRIEVED FROM
HTTP://CONTENT.XANEDU.COM/CASES/INSEAD
/5165.PDF?ID=0.00951426716438064
Source - Another student's paper: Author: Katrina
Smith; Submitted: Mon, Apr 22 2019, 12:16 AM;
Filename: Assignment 1 Strategy and Performance
.docx
Retrieved from http://content.xanedu.com/cases
/insead/5165.pdf?ID=0.00951426716438064
Suspected Entry: 90% match
Uploaded - Assignment 1 Performance
Management.docx
INITIALLY, A STATE OWNED MINING COMPANY
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
Initially it was a state owned mining company
Suspected Entry: 62% match
Uploaded - Assignment 1 Performance
Management.docx
TODAY, DSM HAS ESTABLISHED ITSELF AS ONE
OF THE LEADING SPECIALTIES COMPANIES WITH
AN ANNUAL NET WORTH OF ABOUT $9 BILLION
SPREAD IN VARIOUS FIELDS OF BUSINESSES
THAT ARE ACTIVE RANGING FROM NUTRITION,
HEALTH, AND MATERIALS
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
It has an annual net worth of $9 billion and it is
currently active in fields of health, nutrition, and
materials
Suspected Entry: 63% match
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THE INTRODUCTION OF THIS STRATEGY LATER
LED TO THE BIRTH OF CORPORATE STRATEGY
DIALOGUE (CSD) SOMETHING THAT HELPED IN
IMPROVING THE CORPORATE DEVELOPMENT
PROCESSES IN THE COMPANY
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
This led to Corporate Strategy Dialogue (CSD) which
proposed improvement of the corporate development
processes
Suspected Entry: 68% match
Uploaded - Assignment 1 Performance
Management.docx
SOME OF THESE APPLICABLE PROCESSES
INCLUDE
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
These applicable processes are
Suspected Entry: 73% match
Uploaded - Assignment 1 Performance
Management.docx
THIS IS THE FIRST STEP INVOLVED IN LINKING
THE KSFS OF DSM
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
It is the step for linking KSFs of DSM
Suspected Entry: 65% match
Uploaded - Assignment 1 Performance
Management.docx
IN THIS STAGE, EMPLOYEES SHOULD COME UP
WITH SENSIBLE AND ACHIEVABLE OBJECTIVES
FOR THE ORGANIZATION
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
For this small, sensible and achievable objectives
should be created for the organization
Suspected Entry: 67% match
Uploaded - Assignment 1 Performance
Management.docx
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
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AFTER WHICH, NEXT PROCESSES CAN BE
APPLIED BASED UPON THE EXISTING
INFORMATION
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
Based upon the prepared information, next process
can be applied
Suspected Entry: 75% match
Uploaded - Assignment 1 Performance
Management.docx
FINALLY, ONE CAN DEDUCE AFTER THE
DETAILED REVIEW OF THE CASE STUDY OF DSM
THAT THE ORGANIZATION HAS BEEN DOING A
GREAT JOB IN APPLYING THE PROCESSES OF
PERFORMANCE MANAGEMENT
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
After a detailed review of DSM case study, we can say
that the organization has done an excellent job in
applying all processes of performance management
Suspected Entry: 70% match
Uploaded - Assignment 1 Performance
Management.docx
DSM’S NEW PROCESS OF BUSINESS STRATEGY
DEVELOPMENT WAS SEEN AS SUCCESSFUL
BECAUSE OF THE APPROACH THE COMPANY
TOOK OF PLANNING, IMPLEMENTING,
ANALYZING, AND REVIEWING ALL ITS
PROCESSES
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
New process of business strategy development was
successful because of the approach that company
followed in planning, implementation, analysis, and
reviewing the processes
Suspected Entry: 65% match
Uploaded - Assignment 1 Performance
Management.docx
FOR INSTANCE, DSM COMPLETED ITS
IMPLEMENTATION IN DIFFERENT PHASES OVER
A PERIOD OF SIX YEARS STARTING FROM 1994
TO 2000
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
The implementation stage was completed in different
phases over a period of six years starting first phase in
1994, the second in 1997, and the third and final
phase in 2000
Suspected Entry: 75% match
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THE MOST SIGNIFICANT FACTOR LEADING TO
THE SUCCESS STORY OF DSM STRATEGIC
IMPLEMENTATION WAS HOW EFFECTIVELY DSM
ALIGNED ITS BUSINESS STRATEGIES TO THE
MANAGEMENT OF PERFORMANCE
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
One of the most significant factors to success of DSM
strategic implementation is what it effectively aligned
business strategies to performance management
Suspected Entry: 67% match
Uploaded - Assignment 1 Performance
Management.docx
IN BUSINESS WORLD, THERE ARE VARIOUS KEY
DRIVERS THAT CAN HELP AN ORGANIZATION OR
COMPANY DISTINGUISH ALIGNMENTS WITHIN ITS
SYSTEMS
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
There are some key drivers that help distinguish
alignments with an organization
Suspected Entry: 70% match
Uploaded - Assignment 1 Performance
Management.docx
TO ADDRESS THE ISSUE OF ALIGNMENT WITHIN
ITSELF, THE MANAGEMENT OF THE COMPANY
INTRODUCED VISION 2005
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
In order to address the issue of alignment within the
organization, DSM introduced Vision 2005
Suspected Entry: 100% match
Uploaded - Assignment 1 Performance
Management.docx
FOCUS AND VALUE
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
Focus and Value
Suspected Entry: 66% match
Uploaded - Assignment 1 Performance Source - Another student's paper: Author: Gabrielle
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Management.docx
HERE, THE COMPANY FOCUSED ON THREE
ASPECTS OF THEIR BUSINESS TO HELP THEM IN
ALIGNING NAMELY
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
Company focused on three aspects of business to
help with alignment
Suspected Entry: 72% match
Uploaded - Assignment 1 Performance
Management.docx
THESE THREE ASPECTS ENSURED THAT DSM
CREATED AN INTERNAL VALUE-CREATION
MEASURE THAT WOULD EASILY APPLY TO BOTH
ITS UPPER AND LOWER BUSINESS GROUP
LEVELS
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
With these three aspects, DSM creates an internal
value-creation measure that could be easily applied to
the business group level and lower levels
Suspected Entry: 70% match
Uploaded - Assignment 1 Performance
Management.docx
THE OTHER CHALLENGE THAT THIS
ORGANIZATION FACED ALSO INCLUDED THE
CHALLENGE OF ACCEPTANCE WITH REGARDS
TO THEIR VISION, GOALS, AND STRATEGIES
AMONG THOSE PERSONNEL WHO WERE
TASKED WITH IMPLEMENTING THEM
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
The, organization also faced challenge of acceptance
of the vision, strategy and goals among those who
personnel who were responsible for implementing
them
Suspected Entry: 73% match
Uploaded - Assignment 1 Performance
Management.docx
ADDITIONALLY, THE OTHER IMPROVEMENT THAT
DSM AS A COMPANY IMPLEMENTED WAS THE
MEANINGFUL INCORPORATION OF INCENTIVES,
SOMETHING THAT ENCOURAGED EMPLOYEES
TO DEVELOP SUFFICIENT CAPABILITIES AND TO
DEPLOY THEM TO ACHIEVE ALL SET GOALS
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
Another improvement that DSM implemented was
incorporating meaningful incentives to encourage
employees to develop or deploy sufficient capabilities
to achieve set goals
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Uploaded - Assignment 1 Performance
Management.docx
DSM INTRODUCED SHORT-TERM INCENTIVE
PROGRAMS WHICH INCLUDED REWARD OF 20
TO 30 PERCENT TO EMPLOYEES ON TOP OF
THEIR BASE SALARIES
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
A short-term incentive program was introduced that
included reward of 20 to 30 percent on top of base
salary
Suspected Entry: 92% match
Uploaded - Assignment 1 Performance
Management.docx
ASSESSMENT OF ALL TRAINING SESSIONS WAS
ALSO DONE AT THE REACTION AND LEARNING
LEVELS
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
Also then assessment of the training sessions was
done at the reaction and learning levels
Suspected Entry: 90% match
Uploaded - Assignment 1 Performance
Management.docx
HOWEVER, DSM COULD HAVE DONE A
THOROUGH AND MORE IN-DEPTH TRAINING
EVALUATION AT THE REACTION LEVEL
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
DSM could have done a more in-depth training
evaluation at the reaction level
Suspected Entry: 83% match
Uploaded - Assignment 1 Performance
Management.docx
FINALLY, TO OVERCOME THE CHALLENGES OF
ENFORCING THE IMPLEMENTATION OF ITS NEW
BUSINESS STRATEGY DEVELOPMENT PROCESS
AT THE BUSINESS GROUP LEVEL, THE
ORGANIZATION INTRODUCED SVCS TO HOLD ITS
EMPLOYEES ACCOUNTABLE FOR
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
Also to overcome the challenge of enforcing the
implementation of the new business strategy
development process at the business group level
SVCs was introduced to hold them accountable for
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IMPLEMENTING AND MONITORING THE WHOLE
PROCESS OF BSD
implementing and monitoring the process of BSD
Suspected Entry: 70% match
Uploaded - Assignment 1 Performance
Management.docx
PUTTING RESEARCH INTO PRACTICE
Source - Another student's paper: Author: Gabrielle
Bryant; Submitted: Sun, Oct 23 2016, 9:32 PM;
Filename: HRM 538 Week 3 Assignment 1 Strategy
and Performance Management at DSM.docx
Putting research into action
Suspected Entry: 63% match
Uploaded - Assignment 1 Performance
Management.docx
DUTCH STATE MINES ALSO ABBREVIATED AS
DSM, WAS ESTABLISHED IN 1902 AND SINCE ITS
CREATION, HAS EVOLVED TO A COMMODITY
CHEMICALS BUSINESS FROM A
PETROCHEMICAL BUSINESS COMPANY
Source - Another student's paper: Author: Tina
Kennedy-Dixon; Submitted: Mon, Jul 25 2016, 9:04
AM; Filename: week 3-Assignment 1.docx
Since its foundation, DSM has evolved from
petrochemicals Business Company to a commodity
chemicals business company
Suspected Entry: 72% match
Uploaded - Assignment 1 Performance
Management.docx
THE AREA THAT DSM WAS STRUGGLING WAS IN
TRANSLATING CLEARLY THEIR VISION AND
STRATEGY INTO UNDERSTANDABLE MEASURES
AND GOALS
Source - Another student's paper: Author: Delores
Blango; Submitted: Fri, Jul 22 2016, 11:22 AM;
Filename: HRM-538 Assignment 1.doc
DSM struggles with translating their vision and
strategy into clear, understandable goals and
measures
Suspected Entry: 92% match
Uploaded - Assignment 1 Performance
Management.docx
ONE SUCH ASSESSMENT POINT IS
ORGANIZATIONAL PRECURSORS
Source - Another student's paper: Author: Delores
Blango; Submitted: Fri, Jul 22 2016, 11:22 AM;
Filename: HRM-538 Assignment 1.doc
One assessment point is organizational precursors
SafeAssign Originality Report https://blackboard.strayer.edu/webapps/mdb-sa-bb_bb60/originalityRepo...
14 of 15 8/4/2020, 6:29 PM
Suspected Entry: 64% match
Uploaded - Assignment 1 Performance
Management.docx
THIS TOOL CAN HELP AN ORGANIZATION
GATHER BASELINE MEASUREMENTS OF THE
BEHAVIORS OF CURRENT PERFORMANCE
MANAGEMENT AND ALSO HELP THEM
DETERMINE WHAT TO EMPHASIZE DURING SUCH
PHASES LIKE THE TRAINING PHASE IN A
PERFORMANCE MANAGEMENT SYSTEM
Source - Another student's paper: Author: Delores
Blango; Submitted: Fri, Jul 22 2016, 11:22 AM;
Filename: HRM-538 Assignment 1.doc
The purpose of evaluating organizational precursors
and administering them is to gather a baseline
measure of current performance management
behaviors and to determine what should be
emphasized during the training phase of the
performance management system
Suspected Entry: 65% match
Uploaded - Assignment 1 Performance
Management.docx
IN RESPONSE, DSM CREATED WHAT WAS
KNOWN AS SVCS OR STRATEGIC VALUE
CONTRACTS WHICH FORCED THE INITIATION OF
THE STRATEGY THROUGHOUT ALL BUSINESS
LEVELS AND THE ORGANIZATION TO CURB THIS
CHALLENGE
Source - Another student's paper: Author: Audrey
Bellah; Submitted: Thu, Apr 18 2019, 8:18 PM;
Filename: HRM538 Assignment 1- Strategy and
Performance Management at DSM.docx
In order to address these issues, DSM created a
Strategic Value Contract (SVCs) to ensure the strategy
initiation is forced throughout the business levels and
the organization
Suspected Entry: 66% match
Uploaded - Assignment 1 Performance
Management.docx
AS A FINAL POINT, THE COMPANY ALSO
INTRODUCED A PERSONAL SHARE OPTION
SCHEME WHICH WAS ADDED ALONGSIDE THE
EXISTING MANAGEMENT OPTION SCHEMES
Source - Another student's paper: Author: Audrey
Bellah; Submitted: Thu, Apr 18 2019, 8:18 PM;
Filename: HRM538 Assignment 1- Strategy and
Performance Management at DSM.docx
Lastly, alongside the existing management option
scheme, the company added a personal option
scheme
SafeAssign Originality Report https://blackboard.strayer.edu/webapps/mdb-sa-bb_bb60/originalityRepo...
15 of 15 8/4/2020, 6:29 PM
