Management by Objectives
THE PERFORMANCE MANAGEMENT SYSTEM IN MADHUCON SUGAR & POWER INDUSTRIES LIMITED AIMS AT
- Giving a sense of direction and challenge to the individual and their team through role clarity.
- Encourage and guide different functionaries and departments to go beyond targets and benchmarks to take quantum jump in their performances.
- Creating a supportive and empowerment culture in the organization.
- Identify talent for succession planning.
- Identifying employees with long term growth potential.
- Identifying employees performing below expectation and work out strategies to help them to improve their performances after studying their weaknesses and strengths.
- Ensuring growth of employees for organizational perpetuity.
- Creation of Total Quality Environment throughout by enhancing the commitment of people in terms of Productivity, Quality, Technology, Structure and Systems.