colori6xgb No Comments

Performance Review Systems

A lot of books, research papers have been written on Performance Management. Equally a lot of tools have been created to measure it. For every organization in any sector, this mantra is always included, talked about and extensively practiced.

Performance management is one of the most difficult process for a manager in any organization and yet it is the inevitable part of an organizational process. It is a sum total of recognizing, gauging, managing, training and developing the performance of the human resources in an organization. In a nutshell, it’s the process of creating an environment where people perform to the best of their ability in order to meet the company’s goals and they are evaluated periodically by the line managers or bosses.

  Read more

colori6xgb No Comments

Strategies to close cross-cultural communication gaps

Internet seems to be the perfect channel for finding business opportunities and connecting people and ideas across the world, but accessing it won’t guarantee you the massive results you dreamed of. According to the International Labor Organization (2009), 70% of cross-boundaries business ventures fail due to cultural differences. Quite a big percentage I would say. Globalization spread its capital across the world, selling clear Mission statements on markets and well-disposed Principles inside for shaping employees behaviors. Even so, in terms of money only in Europe and United States 25 billion dollars are lost every year, as a result of inefficient Cross Cultural-Communication.

Read more

colori6xgb No Comments

Empowering the customer-centric strategy through sentiment analysis

Companies are turning to sentiment analysis to learn what customers think and to boost customer-centric strategies for sales and marketing campaigns. Predicting consumer behaviour can be a difficult task, especially with significant amounts of data coming from so many and varied channels of communication, one of the most representative being social media. Therefore, marketing departments rely on using predictive analytics and devising marketing campaigns based on various criteria, in order to improve brand awareness and loyalty and to approach consumer interactions at a higher and more personal level.

Read more

colori6xgb No Comments

How do you prepare an internal development program – part 1

Every company will always have operational challenges. They will always represent a priority because the purpose of every organization is to be profitable. However making a profit won’t always be easy. Internal or external constraints, the market or the level of resources it has at its disposal will always impact this objective. The question for people who are in support functions is how they can contribute to the profitability of the company?

Read more