Question
What is performance Management System? Give examples.
Performance management system (PMS) is a process that aims to improve the performance of employees in an organization by setting expectations, providing feedback, and evaluating results. PMS is an important tool that helps organizations to align individual goals and objectives with those of the organization, identify areas for improvement, and improve overall productivity.
PMS involves a cycle of activities that begins with setting performance goals and objectives. These goals are then communicated to employees, who are provided with the resources and support needed to achieve them. Regular feedback and coaching are provided to employees throughout the process, which helps to ensure that they _______ _____________ ___ ________ ___ _______ ____ __________ ___________ ____ ____.
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Discuss the important factors for motivating employees in an organization.
Find the shortest route from A to G using Bellman’s Optimality Principle.
Discuss the reliable methods of communication
Explain the various methods of resolving conflicts in an organization.
A fertilizer company distributes its products by trucks loaded at its only loading
station. Both, company trucks and contractor’s trucks are used for this purpose. It
was found out that on an average every 5 minutes one truck arrived and the average
loading time was 3 minutes. 40 percent of the trucks belong to the contractors.
Making suitable assumptions, determine:
i) The probability that a truck has to wait.
ii) The waiting time of a truck that waits.
iii) The expected waiting time of contractor’s trucks per day.
Describe Variable Overhead Efficiency Variance.
The final table in Phase I of a Linear Programming Problem is given below:
| Basic Variables | 0 0 0 0 -1 | Sol. | |
| 0 | | 1 1 1 0 0 -1 0 -1 -1 1 | 5 |
| -1 | | 3 | |
| -1 0 -1 -1 0 | -3 |
Here 1a x is the artificial variable. Does this LPP have a feasible solution? Justify your answer.
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