rank. The importance of titles was reduced by giving titles according to social norms rather than by organizational rank. People having certain responsibilities in the organization (team leaders, group leaders, etc.) are called by titles corresponding to their responsibilities, regardless of their rank in the organization.
3.2. Performance Management
3.2.1. LGE’s Evaluation Managem
ranked 1st among vehicle industries worldwide. Until 1989, Japanese vehicles were already being considered ‘good for money’ and had a highly trustable image around the world. However, with the new LS400, it successfully entered the Luxury vehicle’s market and strengthened its brand image as a luxury car around the world.
This can also be seen in the Fashion Premium brand. High quality i
ranked department in the company, there is a potential threat that departments or lower branches of KEPCO may not help one another, but rather focus on their own success. This atmosphere would seriously harm the performance of the whole company. Also, employees may suffer with increased fatigue due to excessive competition. Employees may have too much concern with ‘performance evaluation’ so
performance of projects
Whether to extend or to collapse
Objective decision is difficult and the basis of the budget is
weak.
Random budgeting possible
Personal values of decision makers
Undermines the rationality and feasibility
Lack of Data
Start every thing in zero base
Have to use own criterion
Rationality in budget decision ranking decrease
Short term of view
Deci
Ranked as the world’s ‘Big 4’shipbuilding companies
☞SUCCESSFUL
Profitability : Company’s business performance
ex) ratio of operating profit, ratio of net profit, ROE, ROA, etc.
Growth : Company’s growth
ex) net sales growth rate, operating profit growth rate, etc.
Stability : Company’s long-term financial ability, similar to leverage
ex) debt ratio, cu