Personnel and organization conflict Essay Example | Topics and Well Written Essays - 500 words

Personnel and organization conflict - Essay Example Performance standards typically emphasize individual performance, but they can also be used to measure group performance. The employees of a company must be notified in written about the performance standards that the workers must comply with. Appraisal programs include the performance standards in order to measure the performance of employees. Some of the measures that are estimated by performance standards include the quality, quantity, cost effectiveness and timeliness of the work performed. Performance standards are needed to control the labor output of the employees. For instance, if an employee is given a performance standard that specifies he must produce at least 25 units per shift, the employee will comply with that amount due to the existence of the performance standard. Monitoring performance standards of a job is a good way to measure the effectiveness of the worker. The use of performance standards can also enhance the ability of the manager to determine operating inefficiencies that need corrective actions to be fixed. Five types of performance measures that managers should consider are efficiency, quality, error rate, revenue, and compliance (Ofm.gov, 2009). Inefficient employees that commit errors must be tracked in order to remedy the situation. A way for management to reduce errors and to improve the quality of the work performed by the workers is through training and development. The use of performance measures helps managers identify weaknesses in the operations of a company. It is important to keep the employees motivated and with high morale to help them achieve a high level of performance. Performance measures enable managers to establish specific criteria for the workers to follow. The use of performance standards provides employees with duties and responsibilities to comply with (Indiana.edu, 2005). The use of written performance measures enables companies to comply with governmental regulations

GOODYEAR WILL IT SURVIVE THIS ECONOMY Research Paper

GOODYEAR WILL IT SURVIVE THIS ECONOMY - Research Paper Example Ratio Industry Comparison 1.5x Quick Ratio Industry Comparison 0.9x LONG-TERM SOLVENCY - GOODYEAR TIRE & RUBBER CO (GT) Total Debt/Equity Industry Comparison 315.3x Total Liabilities/Total Assets Industry Comparison 90.4x GROWTH OVER PRIOR YEAR - GOODYEAR TIRE & RUBBER CO (GT) Total Revenue Industry Comparison 15.53% Tangible Book Value Industry Comparison 48.15% EBITDA Industry Comparison 56.89% Gross Profit Industry Comparison 27.36% Receivables Industry Comparison 8.03% Inventory Industry Comparison 21.86% Diluted EPS Before Extra Industry Comparison -42.58% Capital Expenditures Industry Comparison 26.54% Cash From Ops. ... ble Book Ratio -18.03 Most recent data  Ã‚  Ã‚   5-Year Averages Return on Assets -0.5% Return on Invested Capital -1.4% Gross Profit Margin 20.8% Pre-Tax Profit Margin 0.1% Post-Tax Profit Margin -0.9% Net Profit Margin (Total Operations) -0.4% R&D as a % of Sales 0.0% SG&A as a % of Sales 13.8% Debt/Equity Ratio 5.24 Total Debt/Equity Ratio 5.83 Price Earnings Ratios P/E Ratio 26 Weeks Ago 17.9 12 Month Normalized P/E Ratio 150.1 GT Ratios & Returns Price-to-sales 0.2 Return on Equity 0.0 Operating Margin 7.6 Profit Margin -1.1% More GT Ratios & Returns > GT Financials Sales $18.832 bil Profits $-0.216 bil Assets $15.63 bil Employees 72000.0 ANALYSIS Goodyear is a prestigious company that has dominated the market by producing tire, rubber, and glass products. Recently, the company has recorded profits of $16,302 million at the fiscal year of 2009. This was a disappointing figure considering the fact that the company has a revenue increase of 16% in 2009. The net loss for the comp any was $375 million, compared to last year which was only around $77 million. Hence, the company’s revenue stream was declined 16% from last year. The company’s financial ratios no doubt indicate that the company is facing tough times. For instance, the net loss in their operations is a drastic $375 million. This type of deficit will not enable the company to thrive in these harsh economic times. Furthermore, the company’s earnings per share is extremely low, which raises the questions for the stockholders. The return on investment capital is -1.4%, which means that the company has low funds to buy fixed assets. The price/tangible book ratio is -18.03, which means the stock is undervalued. The company must need to address this issue immediately in order for the company to be marginal. In