Introduction on Performance Management System of the Samsung

        Samsung is one of the best brands in the field of electronics. This company is a South Korean multinational company and it was founded in the 1938 by Lee Byung-chul. This company is involved in number of affiliated business around the world. Now this multinational company is famous for his new technologies in the field of smart phone and many other technological appliances like TV, smart watches etc. the Samsung Company in the past was involved in making food processing securities, retail and insurance.

        Afterwards this company enters in the field of electronic industry in the ending of 1960. Then after the death of the founder lee this company was divided into four more groups in 1987 and then after this in 1990 their mobile phone and semiconductors electronic devices have become the main source of their company income. This company is one of the most powerful companies in the history of South Korea. In the field of electronics there are many competitors of Samsung Company that includes Apple, Sony and Nokia.

        The Samsung Company is known as the one the leading companies in the entire world but the performance of the employees depend on its Hr department. The Hr department is trying to the crisis management for enhancing the motivation and satisfaction levels of the employees (Joo, B. K., & Lim, T. 2009).

        This paper proposes the performance management system in the Samsung Company. There are some steps that must have to be followed during the analysis performance management system of the Samsung.

        In the first step we will analyze the organizational strategy of the Samsung Company along with vision and mission statements. The description of the organization’s purpose will also discuss under the strategy of the Samsung.

Then after this in the second step Systems will be analyzed critically. This sections will be containing on the;

Defining and measuring results,

Appraisals,

Compensation

In the third section of this paper the Implementation Factors will be analyzed critically. It includes;

Communications plan,

The appeals process,

Training programs for raters,

The pilot test for performance management system of Samsung

In the fourth section of this report Employee Development Considerations of the Samsung will be analyzed. In this section the development plan will be created. It includes;

Development objectives

Development of skills

A timeline for acquisition

Standards and measures for accessing improvement (Joo, B. K., & Lim, T., 2013).

Organizational Strategy of Samsung

    In the first step we will analyze the organizational strategy of the Samsung Company along with vision and mission statements. The description of the organization’s purpose will also discuss under the strategy of the Samsung (Hau, Y. S., Kim, B., Lee, H., & Kim, Y. G., 2013).

Vision statement of the Samsung

“Inspired the world create the future”

Samsung dedicates its effort towards the innovation and creativity.

Its major vision is shared the values of with partner as well as for their greater people.

Through the passion of innovation Samsung delivered the world best products and services

Mission Statements of the Samsung:

Strategic Direction on Performance Management System of the Samsung

The major strategies of the Samsung are including as;

Partnership

Creativity

Great people

References on Performance Management System of the Samsung

Notebookchec. 2019. Samsung sets objective for 2018 at 320 million smartphone shipments, company to focus on higher profit margins. https://www.notebookcheck.net/Samsung-sets-objective-for-2018-at-320-million-smartphone-shipments-company-to-focus-on-higher-profit-margins.275988.0.html.

Nust na. 2019. IMPLEMENTATION Of PMS. https://www.nust.na/sites/default/files/documents/APM812S_Unit%204%20Implementing%20of%20PMS.pdf.

Nycourts Gov. 2019. Appeals Basics. http://nycourts.gov/courthelp//AfterCourt/appealsBasics.shtml.