Research On The Improvement Of Performance Management Of Cross-Industry Subsidiary

With the continuous development of China's economy,more and more enterprises become bigger and stronger.As a result,many group companies emerged,which is developing toward multiple industries and across industries.As we all know,there are always countless connections between the group and its subsidiaries.The measures for the management of performance and indicators are different to different business,under the group control,the performance management of subsidiaries will inevitably be affected by the parent company,even many subsidiaries are controlled and managed by the general manager appointed by the group,which brings many elements and means of parent company management.Thus,eventually,the phenomenon that the subsidiary applies the performance management system of the parent company.According to research on many enterprises,the author finds that many enterprises have not set up their performance management system according to the actual situation,and even some enterprises' performance management is just a formality and has not been paid attention to.This paper takes LD Real Estate,a subsidiary of YT Group,as the object to discuss and study the connection and improvement of performance management to find out whether there are some performance management methods under the cross-industry group control,whether the subsidiaries can directly connect and use them,and which needed to be abandoned by the subsidiaries,or which needed to be customized according to the actual situation.Based on combing the theory of related literature,this paper summarizes the theory of performance management;in the part of basic theory,the author focuses on performance management,and the two theoretical bases of this paper are the control theory of company and the comprehensive performance evaluation theory.This paper reviews the operating conditions of YT Group and LD Real Estate Company,the current organizational structure,and the development process of performance management,also analyzes the industry characteristics of YT Group's manufacturing industry,and the characteristics of LD Real Estate industry,compare the similarities and differences between them,and then obtains the beneficial experience that can be connected between them,and the problems and causes of the management differences that cannot be mechanically copied between each other.In view of the problem such as,the performance plan design is not comprehensive,the performance appraisal is not practical,the performance management is not implemented well,and the feedback mechanism is not smooth,finds the reasons such as,lack of guidance in performance plan,lack of innovation in assessment,lack of motivation in performance implementation and lack of channels for feedback mechanism.Based on the theoretical knowledge,experience and literature,and according to the current situation and objective reality of LD Real Estate,the author puts forward some suggestions on the comprehensive optimization of performance design and the feasibility of enhancing performance evaluation,eliminating the in inadequate implementation,and gives suggestions to continuously improve to break the dilemma of the performance implementation is blocked;gives suggestions to establish and improve the feedback mechanism to break the deadlock of ineffective performance feedback.To ensure the smooth implementation of the improvement measures,construct the guarantee measures of performance management,the author gives 4 measures,which include: building a good corporate culture,establishing a perfect performance plan review organization,strengthening performance supervision,and constantly optimizing and adjusting the performance management program.The research on the performance management between LD Real Estate(subsidiary)and YT(parent company)group has two positive significance.First,it helps to enrich and improve the management theory of performance management connection between manufacturing industry and real estate industry under the new normal of the economy;second,it helps to effectively solve the problems of performance management connection between the two companies,and organically integrates the performance management between the two companies.Besides,this paper has a strong social practice value.The research on the performance management of the real estate industry focuses on sorting out of the performance management problems of the company itself.When studying the performance management problems of the LD Real Estate company,this paper also takes into account the differences between the LD Real Estate company and the general real estate company in performance management.The research angle is more comprehensive,which has a strong social practical significance for the improvement and innovation of the performance management of the subsidiary real estate industry.