Bank of America or McDonald's Case Study Research Paper

Bank of America or McDonalds Case Study - Research Paper Example1. Outlining the endowment fund Management Program That Led to Success for the Company McDonalds endowment fund worry program is behind the companys success, and its multipronged temper can be divided into five stages, as shall be seen. The first step of McDonalds talent management program is the redesigning of the companys performance development system for McDonalds rank and file, as a way of instilling office (Goldsmith and Carter, 2010). According to Goldsmith and Carter (2010), the second step of McDonalds talent management program involved designing the world(prenominal) talent retread process, in order to help the companys staff align itself with changes that ar taking placement in the world(prenominal) market. There is the diagnosing of individual employees ability and actual performance in incompatible circumstances, as a way of determining an employees inherent skills. The step above will be followed up with the analysis of the results that have been displayed by the employee being examined in order to interpret the actual extent of the employees talents and skills. The nett step may involve action planning which portends, factoring the manner in which the displayed talents and skills by a particular employee can be consolidated and nurtured, so that newer skills are acquired without nascent talents being forfeited. This step may also involve integrating the talents detected into organizational (or McDonalds) synergy and operations. 2. Identifying Strengths of the Program and How They Led to Goal work According to Handfield-Jones, Michaels and Axelrod (2001), the strengths attributable to the programs above led to the accomplishment of McDonalds goals. Particularly, redesigning the companys performance development system for McDonalds employees helped foster right at the intrapersonal level. Thus, this paves way for the eradication of abuse of office, underperformance, and professional negligence. In the same manner, the step served as an burning(prenominal) artifice to encourage efforts towards the attainment of goals relevant to a particular office and officer, since these officers are accountable. All these are factors that fast-track optimal performance and thereby helping in the realization of the previously set performance target. calculating the global talent review process also serves as a point of strength, for talent management, since it gives talent management a wider and more global scope. Instead of focusing on employees performance ability and skills at the intra-organizational level, employees talents and abilities are weighed against global expectations and thereby helping McDonalds employees focus on maintaining the competence that is needed to thrive in a competitive global business environment. In the same wavelength, embarking on the global talent review process empowers employees to be abreast with the challenges and requirement s that characterize the global market. In this case, by engaging its employees in the global talent review process will help McDonald employees navigate complex matters in the global market, with these matters ranging from heathenish restrictions on diet, local trade laws and commercial laws on multinationals, regional technological disparity, the local markets structure, competition and acquire power. Another strength in engaging employees in designing the globa