Study On The Performance Management Of FY Corporation

Now it is the time for business globalization, which is particularly determined by the fast development of information, telecommunication and transportation infrastructures. Although the globalization gives companies many opportunities, it also makes them face more threats from the global competitors. Under such a condition, a huge number of firms are seeking to increase their competitive strength by a variety of ways. One critical factor for companies to survive and development in a competitive environment is to understand how to use their human resources efficiently. As a part of human resource management, performance management can largely improve firms' competitive strengths by its way to combine companies' over all strategies with employees' daily activities.As it has been proved, performance management becomes a very popular instrument to improve employees' performances, and as a consequence, to further improve firms' overall performances. However, since the lack of experience, the effects of performance management systems in many domestic companies are not as good as we expected. Therefore, how to establish a systematical and efficient performance management system becomes a critical task for all domestic businesses.Like other domestic companies, the FY Company also lacks of an efficient performance management system. Therefore, this study seeks to give FY Company some recommendations on how to establish a performance management system. Based on FT Company's overall strategy and the theories of performance management, this study has generated a suitable method to establish the company's performance management system, which is combined by different performance management instruments, such as Balance Scorecard and KPI.By conducting a case study for FY Company, this dissertation has related the abstract theory to practical work. The improved performance management system will further accelerate the improvement of overall performance. Although this study only gives advices to a particular company, its methodologies for setting up an efficient performance system can be used by many other businesses as well.