Full Performance Strategy Analysis Assignment

Full Performance Strategy AnalysisName:Institutional affiliationPerformance Strategy AnalysisOverview of the performance management processStarbucks is the world’s biggest chain of coffee restaurant, with operations in 62 countries. The company’s main focus is on coffee and caffeinated beverages. The goals of Starbucks are; to offer the best coffee at the best price, to provide a comfortable working environment for all its employees and to provide a serine atmosphere for their clients. Once the goals are set, the next step is to develop strategies to meet these goals. The supervisors conduct job analysis and skill gap, then creates a training plan for the team and individual employees. The performance after training is the measured through customer comment cards and peer performance analysis. Positive performance is rewarded through salary bonus. I case of negative performance, employee suffers a penalty on salary, according to the budget system. Persistent poor performing employees are given more training. If poor performance persists, the manager conducts performance counseling. Performance management flow chatNoYesTraining BonusPositive performancePerformance counselingSalary penaltyPerformance measurementSkill gap analysisJob Analysis Strategy developmentGoal settingJob analysisStarbucks is in competition with other coffee shops and fast food