4 January. Copyright 2022 ec Estudio Integral. BusinessEssay, 4 Jan. 2022, business-essay.com/coca-cola-company-staff-performance-effective-management/. Document the issues of concern from that meeting and send a copy to Human Resource department and to whoever is concern. Below is the SWOT of coco cola: Coco-cola Company is also using Business model to define the results in one place. However, the problem with such a method of reviewing performance is that employees may rush and omit some vital processes for them to achieve their objectives within the time limits. Supermarket X Taunton WAREHOUSE Project Management, Trans-Saharan Gas Pipeline Project Management, Rolex Advertising and Brand Management Analysis, Shouldice Hospital Strategic Management Analysis, Construction Project Management Dissertation Example, TUI Travel PLC Strategic Management Analysis, Telstra Organizational Change Management Analysis, Consulting Firm Risk Assessment and Risk Management. To the employee, there is increased motivation due to the various incentives thereby improving their morale to produce. Certain scenarios are not just pleasing, if an organization realizes that a particular employee is pregnant, some are usually faced with redundancy. Legge, K 2005, Human Resource Management: Rhetorics and Realities, Palgrave Macmillan, Basingstoke. Performance management system includes the following activities: Developing clear job descriptions and specific tasks together with performance indicators. These meetings are arranged to motivate employees sometimes and communicate the goal of the company with them. 32 Stasicratous Street 
The managers also receive regular training on these policies and any employee who feels violated should appeal and The Coca Cola Company has established a toll free line to receive such complains. SlideShare uses cookies to improve functionality and performance, and to provide you with relevant advertising. According to Foot and Hook (2011), formal training entails exposing employees to the academic environment for them to expound their academic qualifications in their areas of choice. It is necessary therefore that before any redundancy is done; the employer should understand what is laid down in the Employment Rights Act. Torrington, D, Hall, L, Taylor, S & Atkinson, C 2014, Human Resource Management,Prentice Hall, Harlow. BusinessEssay. Furthermore, the management should couple of objectives with the goals of individuals that focus on diversity, creativity, and innovativeness. Using this information, the Coca Cola Corporation managers should identify impeding factors and implement measures to correct the situation, either through providing additional resources or clarifications to counter unacceptable performance. Cyprus, Copyright 2020 UniAssignment.com | Powered by Brandconn Digital. The duties are more clearly outlined with this type of system allowing the employees to perform exactly what is required of them. This is an unfair dismissal and violates the rights of individuals. There are several reasons for dismissal and they vary from case to case. This is clearly unfair and unjust and the organization should develop a particular mechanism whereby those who are in that position can get leave and come back when they have recovered without undergoing redundancy or dismissal. In Coca Cola, Accup complained of the fact that performance reviews are done every two months with the aim of dismissing employees who do not meet the objectives of the organization. For Coca Cola, monitoring should occur through supervisors who will report to the heads of departments. However, employees assume the responsibility of implementing recommendations of the report and provide feedback to the management. However, managers can evaluate feedback at the level of the subsidiary, rather than waiting for instructions from the head office through the regional managers. It is discriminative and should not be practiced in an organization that claims to value its employees. Apart from the identification of developmental needs, providing sufficient opportunities for development helps employees to appreciate change, as they are equipped with knowledge and skills to handle new changes (Mondy & Mondy 2014). Huffmire, D & Holmes, J 2006, Handbook of effective management: how to manage orsupervise strategically, Praeger Publishers, Westport. Lastly, the company must create and maintain the Goodwill of customers by being proactive to cope with the market trends as well as customer demands. Key Result Area- KRA is the basis of performance management, The performance management system (PMS) at Coca Cola India links directly to rewards and, recognition, and, career development .The PMS at Coke follows the basic steps of PMS from, planning to coaching and feedback. Value creating and operational activities must be performed under due surveillance of the Company so to maintain and enhance the Brand Image. Employee development consideration is one of the most famous and most important part of Coco Cola Company. Narasimhan, K 2004, Performance Management, Measuring Business Success, vol.8, no.3, pp. Performance management involves the organization establishing parameters, which will help it towards attaining the set objectives. Hold meetings with the intention of reviewing. However, rewards can be either monetary or non-monetary, but they both motivate employees to continue with outstanding performance (Compton 2005). This simply means that even with the tightening economic times, in the event that your output is low, your salary will remain constant. These ads are also made to gauge the customer attention and make them loyal with the company. They therefore have work place policy that reflects their commitment towards protecting employees rights. The procedure contains seven major steps as follows: Inform the employee who is underperforming of your intention to do that and the reason why you have to do that for example. Some of the clauses that Alliance of Coca Cola unions in Philippines, Accup is against are the provision that increase in wage to be performance-based. Performance appraisal proces iin godrej (gcpl), PERFORMANCE APPRAISAL OF COCA COLA EMPLOYEES, Performance Management - the Coca cola perspective by Carmistha Mitra, A STUDY OF PERFORMANCE MANAGEMENT PRACTICES ADOPTED BY VARIOUS NATIONS, Conceptual framework for performance management strategies (2), Performance appraisal of 5 companies done by shweta-bebarta. Both products are unable to generate profit so are the failure for the company. The high inflation rate is forcing many large organizations to lay off some workers. Therefore, the Coca Cola Corporation should make reviews during monitoring to ensure that employees work against the odds and push members of their groups to ensure that they are working towards the organizations mission and vision. For the Coca Cola Corporation, the management can initiate development opportunities through delegation of duties, providing formal and informal training, and exchange programs for exposure. If they succeed to gain market share they will soon become the star product but if it fails, it will become a Dog product. The above strategies employed by Coca Cola enable it to stay on top of its competitors in this very highly competitive beverage industry. Initially, the company give the goal to its employees and major their work performance on particular goal throughout the year or so and then the employee who achieved the goal according to the define measures by the Management of the company received the appraisal at the end of the period. Moreover, it provides an opportunity for development among the employees especially because there will be a strong urge to deliver due to the incentives, not forgetting that it would improve transparency and promote employee involvement in organizations obligations. The Coca-Cola Company is the world's largest beverage company. Now customize the name of a clipboard to store your clips. 2014). causing obesity), Exchange rates in different markets(Kasi, 2018), Identifying the prospects also gaining the data, Ensuring the acknowledgement of gifts and accounting, The employee development consideration also includes the promotions of the employees to new designations. Annually the managers are expected to familiarize themselves with the companys Human Rights Statements and work place Rights policy. There should be consistently in the manner in which the system operates and the managers in charge should meet regularly to deliberate on how the comparison is to be done. The company is having the big data of its customers clients etc. Mondy, R & Mondy, J 2014, Human Resource Management, Pearson, Upper Saddle River. This kind of training is conducted out side the company premises. With reference to Williams and Adam-Smith (2010), the objectives of an organization are constant, but they require the flexibility of the schedule and for employees to achieve standards set by the management. The brands of Coca-Cola, which are present in Pakistan, are Cola-Diet, Minute Maid, Sprite, Fanta and Kinley. The Alliance of Coca Cola unions in Philippines is however not happy with the company since most workers are losing their security of tenure, regular jobs are being constantly replaced by contractual jobs, this would lead to lack of commitment in the organization since the employee would be in that particular organization for only a certain period of time. During the evaluation process, supervisors can compare milestones of employees against the companys objectives or those of the subsidiaries to ensure that activities are complete within the given timelines. Coco Cola is well aware of fact that higher management love to have non monitory rewards. Performance appraisal on the other hand involves evaluating staff based on their qualitative and quantitative output towards the success of the organization. This will prevent unrealistic projects that would waste money without being completed. In most cases, organizations without prospects for personal development compel employees to seek opportunities for development elsewhere. "Coca Cola Company: Staff Performance Effective Management." Whenever there is genuine feedback to the employee and an opportunity is given for improvement, most employees would take it positively leading to improved self-confidence. If it is the last meeting, one can be firm enough and tell the employee boldly that he/she has been terminated. Constructive dismissal- In this type, the employees usually resign before their contract is terminated by the employer. Activate your 30 day free trialto unlock unlimited reading. After exposing employees to informal training, the management of the Coca Cola Corporation can establish a program that requires employees to present their findings to the rest of their colleagues and management. Well-trained and motivated staff forms the very backbone of a strong organization and as such, incentives must be provided in order to motivate the employees to increase their output towards the organization. (Coca-colacompany.com, 2016). 1. Williams, S & Adam-Smith, D 2010, Contemporary Employment Relations: A CriticalIntroduction, Oxford University Press, Oxford. From the above statements, it is evident that planning and monitoring keep employees alert, thus motivating them to work toward achieving the objectives of the organization (Klein 2009). Finally, it also consists of performance appraisal whereby the individuals performance is documented and feedback given. The Coca Cola Corporation should implement a system of appraisal that allows the review of performance twice every financial year. WELCOME TO OUR PRESENTATION
Topic: Performance measurement and appraisal of Coca-Cola Company
. 221-242. Along with Coca-Cola, recognized as the world's most valuable brand, it markets four of the world's top five soft drink. In such a case, the management applies the concept of behavior controlled by consequences as positive behavior is rewarded, whereas negative behavior is punished (Compton 2005). In Coca Cola for instance, there is complaints that most of the jobs, which used to be on permanent basis is now being contractual. By this way, the company also try to gather big data and take the reviews of consumers on their products. It acquired Minute Maid in 1960 and the Indian Cola brand thums up in 1993. The entire fraternity of the Coca Cola Corporation comprises approximately 700,000 employees, who are stationed in different subsidiary companies across the world. Apart from BCG, Matrix Company is also using some SWOT techniques to major the results of the company. 1.
The company is using BCG matrix for measuring results for its product. TQM - RECOGNITION, REWARD, PERFORMANCE APPRAISAL - FINAL YEAR ECE - SRI SAIRA SRI SAIRAM INSTITUTE OF TECHNOLOGY, CHENNAI, Performance management Best Practice Process and Principles, 31375025 performance-management-system-at-bsnl, Strategy implemementation & balance scorecard, Case study on new performance appraisal system at xerox, Training & Development - Concept & Components, PERFORMANCE APPRAISAL AND CASE STUDY ON MICROSOFT, horizontal and vertical integration of supply chain, Results based performance management system rpms- for dep ed, Indukaka ipcowala instiutute of management, 6 Year Plan for an Organizational Development Team, Performance Appraisal Objectives and Methods, Recruitment process of us demin employee apraisal, Organizational behavior performance appraisal paper, Performance management and leadership development program, Performance management at artistic milliners, Be A Great Product Leader (Amplify, Oct 2019), Trillion Dollar Coach Book (Bill Campbell). Under this P3 program, employees are subjected to performance reviews every two months and ones who do not meet the target are subjected to dismissal. Furthermore, at this point, the management should identify factors that impede the progress of employees as they strive to meet their targets and those of the Coca Cola Corporation. During the process of dismissing an employ, specific procedure is expected in order to maintain professionalism of the same. I can advise you this service - www.HelpWriting.net Bought essay here. Doing it with the aim of dismissing some employees is punitive and is not very good to the business growth and popularity since it could lead to employees eschewing the organization yet they are deemed the backbone of the organization. Narasimhan (2004) argues that organizations are made of people with different perceptions and needs in relation to cultural-orientation and way of life. An organization exists solely to make profit and survive and proper implementation system would allow that. (Staff, 2017). LOTE EN VA PARQUE SIQUIMAN A 2 CUADRAS DE LAGO SAN ROQUE. It the most consumed product, have huge market share, and have growth rate. Since we know that, the technology advancements are taking place day by day and same goes to Coco Cola they are taking advantage of technology advancements and communicate with their role players with messaging. In such a case, the employees involvement in the process of change will help to reduce the chances of opposition (Cuch 2013). Furthermore, the management should focus on aligning the companys objectives with the measures, skills, and competencies of employees. 
Performance appraisal is the key part of every organization because it allows company to find who their best employee is and this method allow company to motivate their star players so that they can retain them in the future as well. From this analysis, the Coca-Cola Corporations management should recognize the outstanding performance of employees prior to soliciting nominations for formal awards. The Company must develop aggressive strategies based on good market research and with due conformance to the local culture, so to counter the challenges in face of potential threats be it competitors or market volatility. Below is the BCG matrix of coco Cola Company. In summary, redundancy means being laid off because the services that one used to offer is no longer needed. Employees in an organization cannot perform without guiding principles that govern their work. It is our ambition due to which we are able to construct the way to our goal which is to produce the good quality and affordable products People:To be a nice place so that the people there want to do better and be better. (UK.Essays.com, 2015). Coca Cola Company usually set their objectives at the beginning of the year then towards when the year ends; they evaluate their employees and reward them accordingly depending on how well they meet the companys goals and objectives. 
Address: Cyprus Headquarters The role of email in a company can never be underestimated. Additionally, the Coca Cola Corporation should delegate duties, train employees, provide exchange programs, and expose them to fairs and exhibitions to initiate development opportunities. They develop their employees by various tannings. Coca Cola Company is a multinational American company producing non- alcoholic drinks. Mone and London (2014) further argue that a companys objectives should be short and clear, measurable, achievable, and time-bound. "Coca Cola Company: Staff Performance Effective Management." First, of the entire company take the information on what kind of training is important for the development of the employees then they take decisions. In addition, the employee must meet at least one of the criteria mentioned below, The employ should be covered by a modern award, The employee should be part of the enterprise agreement. Blockchain + AI + Crypto Economics Are We Creating a Code Tsunami? Due to performance appraisal and incentives provided, an organization which practices this system will attract qualified individuals thereby driving the organization to higher levels of production since success of an organization is determined by the quality of human resource available to perform the task. In all these types of dismissal, if the procedure for dismissal is illegal then the employee could apply to an employment tribunal and could even end up getting compensation for the damage caused. Klein, D 2009, The strategic management of intellectual capital, Routledge, New York. The rating can be based on assigning percentages to the projects implemented by individuals and groups. Below are some of the techniques used by company for employees development. (2022) 'Coca Cola Company: Staff Performance Effective Management'. As in market there are so many alternative for mineral water so it is not successful having low growth and market share. Status, while lower management are more thirsty to have rewards like incentives, bonuses i.e. This simply means that the duties that were being done by this staff ceases to exist or maybe if it were a research work maybe funding could have been cut off leading to redundancy. One of the finest way to communicate with the employees, panthers or clients is arranging a meeting at Coco Cola, which allow them to talk face to face and discuss the thing, which is important for current time and future as well. Coca cola is a mature product but company still making strategies to maintain its position in the market. Certain rules and regulations have been formulated to ensure that the workers are protected and that dismissal is not performed without a good reason. Employees should have that freedom to review the way he or she is being led.
The managers also receive regular training on these policies and any employee who feels violated should appeal and The Coca Cola Company has established a toll free line to receive such complains. SlideShare uses cookies to improve functionality and performance, and to provide you with relevant advertising. According to Foot and Hook (2011), formal training entails exposing employees to the academic environment for them to expound their academic qualifications in their areas of choice. It is necessary therefore that before any redundancy is done; the employer should understand what is laid down in the Employment Rights Act. Torrington, D, Hall, L, Taylor, S & Atkinson, C 2014, Human Resource Management,Prentice Hall, Harlow. BusinessEssay. Furthermore, the management should couple of objectives with the goals of individuals that focus on diversity, creativity, and innovativeness. Using this information, the Coca Cola Corporation managers should identify impeding factors and implement measures to correct the situation, either through providing additional resources or clarifications to counter unacceptable performance. Cyprus, Copyright 2020 UniAssignment.com | Powered by Brandconn Digital. The duties are more clearly outlined with this type of system allowing the employees to perform exactly what is required of them. This is an unfair dismissal and violates the rights of individuals. There are several reasons for dismissal and they vary from case to case. This is clearly unfair and unjust and the organization should develop a particular mechanism whereby those who are in that position can get leave and come back when they have recovered without undergoing redundancy or dismissal. In Coca Cola, Accup complained of the fact that performance reviews are done every two months with the aim of dismissing employees who do not meet the objectives of the organization. For Coca Cola, monitoring should occur through supervisors who will report to the heads of departments. However, employees assume the responsibility of implementing recommendations of the report and provide feedback to the management. However, managers can evaluate feedback at the level of the subsidiary, rather than waiting for instructions from the head office through the regional managers. It is discriminative and should not be practiced in an organization that claims to value its employees. Apart from the identification of developmental needs, providing sufficient opportunities for development helps employees to appreciate change, as they are equipped with knowledge and skills to handle new changes (Mondy & Mondy 2014). Huffmire, D & Holmes, J 2006, Handbook of effective management: how to manage orsupervise strategically, Praeger Publishers, Westport. Lastly, the company must create and maintain the Goodwill of customers by being proactive to cope with the market trends as well as customer demands. Key Result Area- KRA is the basis of performance management, The performance management system (PMS) at Coca Cola India links directly to rewards and, recognition, and, career development .The PMS at Coke follows the basic steps of PMS from, planning to coaching and feedback. Value creating and operational activities must be performed under due surveillance of the Company so to maintain and enhance the Brand Image. Employee development consideration is one of the most famous and most important part of Coco Cola Company. Narasimhan, K 2004, Performance Management, Measuring Business Success, vol.8, no.3, pp. Performance management involves the organization establishing parameters, which will help it towards attaining the set objectives. Hold meetings with the intention of reviewing. However, rewards can be either monetary or non-monetary, but they both motivate employees to continue with outstanding performance (Compton 2005). This simply means that even with the tightening economic times, in the event that your output is low, your salary will remain constant. These ads are also made to gauge the customer attention and make them loyal with the company. They therefore have work place policy that reflects their commitment towards protecting employees rights. The procedure contains seven major steps as follows: Inform the employee who is underperforming of your intention to do that and the reason why you have to do that for example. Some of the clauses that Alliance of Coca Cola unions in Philippines, Accup is against are the provision that increase in wage to be performance-based. Performance appraisal proces iin godrej (gcpl), PERFORMANCE APPRAISAL OF COCA COLA EMPLOYEES, Performance Management - the Coca cola perspective by Carmistha Mitra, A STUDY OF PERFORMANCE MANAGEMENT PRACTICES ADOPTED BY VARIOUS NATIONS, Conceptual framework for performance management strategies (2), Performance appraisal of 5 companies done by shweta-bebarta. Both products are unable to generate profit so are the failure for the company. The high inflation rate is forcing many large organizations to lay off some workers. Therefore, the Coca Cola Corporation should make reviews during monitoring to ensure that employees work against the odds and push members of their groups to ensure that they are working towards the organizations mission and vision. For the Coca Cola Corporation, the management can initiate development opportunities through delegation of duties, providing formal and informal training, and exchange programs for exposure. If they succeed to gain market share they will soon become the star product but if it fails, it will become a Dog product. The above strategies employed by Coca Cola enable it to stay on top of its competitors in this very highly competitive beverage industry. Initially, the company give the goal to its employees and major their work performance on particular goal throughout the year or so and then the employee who achieved the goal according to the define measures by the Management of the company received the appraisal at the end of the period. Moreover, it provides an opportunity for development among the employees especially because there will be a strong urge to deliver due to the incentives, not forgetting that it would improve transparency and promote employee involvement in organizations obligations. The Coca-Cola Company is the world's largest beverage company. Now customize the name of a clipboard to store your clips. 2014). causing obesity), Exchange rates in different markets(Kasi, 2018), Identifying the prospects also gaining the data, Ensuring the acknowledgement of gifts and accounting, The employee development consideration also includes the promotions of the employees to new designations. Annually the managers are expected to familiarize themselves with the companys Human Rights Statements and work place Rights policy. There should be consistently in the manner in which the system operates and the managers in charge should meet regularly to deliberate on how the comparison is to be done. The company is having the big data of its customers clients etc. Mondy, R & Mondy, J 2014, Human Resource Management, Pearson, Upper Saddle River. This kind of training is conducted out side the company premises. With reference to Williams and Adam-Smith (2010), the objectives of an organization are constant, but they require the flexibility of the schedule and for employees to achieve standards set by the management. The brands of Coca-Cola, which are present in Pakistan, are Cola-Diet, Minute Maid, Sprite, Fanta and Kinley. The Alliance of Coca Cola unions in Philippines is however not happy with the company since most workers are losing their security of tenure, regular jobs are being constantly replaced by contractual jobs, this would lead to lack of commitment in the organization since the employee would be in that particular organization for only a certain period of time. During the evaluation process, supervisors can compare milestones of employees against the companys objectives or those of the subsidiaries to ensure that activities are complete within the given timelines. Coco Cola is well aware of fact that higher management love to have non monitory rewards. Performance appraisal on the other hand involves evaluating staff based on their qualitative and quantitative output towards the success of the organization. This will prevent unrealistic projects that would waste money without being completed. In most cases, organizations without prospects for personal development compel employees to seek opportunities for development elsewhere. "Coca Cola Company: Staff Performance Effective Management." Whenever there is genuine feedback to the employee and an opportunity is given for improvement, most employees would take it positively leading to improved self-confidence. If it is the last meeting, one can be firm enough and tell the employee boldly that he/she has been terminated. Constructive dismissal- In this type, the employees usually resign before their contract is terminated by the employer. Activate your 30 day free trialto unlock unlimited reading. After exposing employees to informal training, the management of the Coca Cola Corporation can establish a program that requires employees to present their findings to the rest of their colleagues and management. Well-trained and motivated staff forms the very backbone of a strong organization and as such, incentives must be provided in order to motivate the employees to increase their output towards the organization. (Coca-colacompany.com, 2016). 1. Williams, S & Adam-Smith, D 2010, Contemporary Employment Relations: A CriticalIntroduction, Oxford University Press, Oxford. From the above statements, it is evident that planning and monitoring keep employees alert, thus motivating them to work toward achieving the objectives of the organization (Klein 2009). Finally, it also consists of performance appraisal whereby the individuals performance is documented and feedback given. The Coca Cola Corporation should implement a system of appraisal that allows the review of performance twice every financial year. WELCOME TO OUR PRESENTATIONTopic: Performance measurement and appraisal of Coca-Cola Company
. 221-242. Along with Coca-Cola, recognized as the world's most valuable brand, it markets four of the world's top five soft drink. In such a case, the management applies the concept of behavior controlled by consequences as positive behavior is rewarded, whereas negative behavior is punished (Compton 2005). In Coca Cola for instance, there is complaints that most of the jobs, which used to be on permanent basis is now being contractual. By this way, the company also try to gather big data and take the reviews of consumers on their products. It acquired Minute Maid in 1960 and the Indian Cola brand thums up in 1993. The entire fraternity of the Coca Cola Corporation comprises approximately 700,000 employees, who are stationed in different subsidiary companies across the world. Apart from BCG, Matrix Company is also using some SWOT techniques to major the results of the company. 1.
The company is using BCG matrix for measuring results for its product. TQM - RECOGNITION, REWARD, PERFORMANCE APPRAISAL - FINAL YEAR ECE - SRI SAIRA SRI SAIRAM INSTITUTE OF TECHNOLOGY, CHENNAI, Performance management Best Practice Process and Principles, 31375025 performance-management-system-at-bsnl, Strategy implemementation & balance scorecard, Case study on new performance appraisal system at xerox, Training & Development - Concept & Components, PERFORMANCE APPRAISAL AND CASE STUDY ON MICROSOFT, horizontal and vertical integration of supply chain, Results based performance management system rpms- for dep ed, Indukaka ipcowala instiutute of management, 6 Year Plan for an Organizational Development Team, Performance Appraisal Objectives and Methods, Recruitment process of us demin employee apraisal, Organizational behavior performance appraisal paper, Performance management and leadership development program, Performance management at artistic milliners, Be A Great Product Leader (Amplify, Oct 2019), Trillion Dollar Coach Book (Bill Campbell). Under this P3 program, employees are subjected to performance reviews every two months and ones who do not meet the target are subjected to dismissal. Furthermore, at this point, the management should identify factors that impede the progress of employees as they strive to meet their targets and those of the Coca Cola Corporation. During the process of dismissing an employ, specific procedure is expected in order to maintain professionalism of the same. I can advise you this service - www.HelpWriting.net Bought essay here. Doing it with the aim of dismissing some employees is punitive and is not very good to the business growth and popularity since it could lead to employees eschewing the organization yet they are deemed the backbone of the organization. Narasimhan (2004) argues that organizations are made of people with different perceptions and needs in relation to cultural-orientation and way of life. An organization exists solely to make profit and survive and proper implementation system would allow that. (Staff, 2017). LOTE EN VA PARQUE SIQUIMAN A 2 CUADRAS DE LAGO SAN ROQUE. It the most consumed product, have huge market share, and have growth rate. Since we know that, the technology advancements are taking place day by day and same goes to Coco Cola they are taking advantage of technology advancements and communicate with their role players with messaging. In such a case, the employees involvement in the process of change will help to reduce the chances of opposition (Cuch 2013). Furthermore, the management should focus on aligning the companys objectives with the measures, skills, and competencies of employees. Performance appraisal is the key part of every organization because it allows company to find who their best employee is and this method allow company to motivate their star players so that they can retain them in the future as well. From this analysis, the Coca-Cola Corporations management should recognize the outstanding performance of employees prior to soliciting nominations for formal awards. The Company must develop aggressive strategies based on good market research and with due conformance to the local culture, so to counter the challenges in face of potential threats be it competitors or market volatility. Below is the BCG matrix of coco Cola Company. In summary, redundancy means being laid off because the services that one used to offer is no longer needed. Employees in an organization cannot perform without guiding principles that govern their work. It is our ambition due to which we are able to construct the way to our goal which is to produce the good quality and affordable products People:To be a nice place so that the people there want to do better and be better. (UK.Essays.com, 2015). Coca Cola Company usually set their objectives at the beginning of the year then towards when the year ends; they evaluate their employees and reward them accordingly depending on how well they meet the companys goals and objectives. Address: Cyprus Headquarters The role of email in a company can never be underestimated. Additionally, the Coca Cola Corporation should delegate duties, train employees, provide exchange programs, and expose them to fairs and exhibitions to initiate development opportunities. They develop their employees by various tannings. Coca Cola Company is a multinational American company producing non- alcoholic drinks. Mone and London (2014) further argue that a companys objectives should be short and clear, measurable, achievable, and time-bound. "Coca Cola Company: Staff Performance Effective Management." First, of the entire company take the information on what kind of training is important for the development of the employees then they take decisions. In addition, the employee must meet at least one of the criteria mentioned below, The employ should be covered by a modern award, The employee should be part of the enterprise agreement. Blockchain + AI + Crypto Economics Are We Creating a Code Tsunami? Due to performance appraisal and incentives provided, an organization which practices this system will attract qualified individuals thereby driving the organization to higher levels of production since success of an organization is determined by the quality of human resource available to perform the task. In all these types of dismissal, if the procedure for dismissal is illegal then the employee could apply to an employment tribunal and could even end up getting compensation for the damage caused. Klein, D 2009, The strategic management of intellectual capital, Routledge, New York. The rating can be based on assigning percentages to the projects implemented by individuals and groups. Below are some of the techniques used by company for employees development. (2022) 'Coca Cola Company: Staff Performance Effective Management'. As in market there are so many alternative for mineral water so it is not successful having low growth and market share. Status, while lower management are more thirsty to have rewards like incentives, bonuses i.e. This simply means that the duties that were being done by this staff ceases to exist or maybe if it were a research work maybe funding could have been cut off leading to redundancy. One of the finest way to communicate with the employees, panthers or clients is arranging a meeting at Coco Cola, which allow them to talk face to face and discuss the thing, which is important for current time and future as well. Coca cola is a mature product but company still making strategies to maintain its position in the market. Certain rules and regulations have been formulated to ensure that the workers are protected and that dismissal is not performed without a good reason. Employees should have that freedom to review the way he or she is being led.