Redesigning New Performance Management System Post Restructuring Program

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Shahab, Abdullah Riza and Erwati, Erti Srisanti and Lauw, Gunadi Christianto and Latif, Malla Octaviani and Sofyan, Noviandry and Pendrian, Okder and Purwono (2008) Redesigning New Performance Management System Post Restructuring Program. Project Report. Sekolah Tinggi Manajemen IPMI, Jakarta Selatan. (Submitted)

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Abstract

In order to improve their business performance, PT. Bakrie & Brothers Tbk. as holding company considered to restructure the operation of business units that have similarity in business nature i.e, PT. Bakrie Pipe Industries (BPI) and PT. South East Asia Pipe Industries (SEAPI). One of the motivating factors is to revitalize the management team that believed will increase corporate competitiveness to sustain their steel pipe businesses. Joining the operation of BPI / SEAPI requires a new performance management system to be in line with the corporate strategy that will optimize synergies, reduce costs through streamlined efforts and to achieve accurate reporting on time. To analyze Bakrie Performance Contract, our framework consists of understanding the future state, seeing its alignment with business performance, reviewing the performance appraisal form and rating, its content design and process of plan - act - monitor - review process as well as its correlation with other HR Initiatives. Through the balance scorecard approach, we found that the Key Performance Indicator (KPI) to measure business performance units in Bakrie & Brothers is merely focus on financial parameters with lack of customer service, operation excellence and learning and grow. Considering the nature of the steel pipe industry, BPI / SEAPI should consistently focus their strategy on customer oriented enterprise Therefore, it is necessary to re-construct the KPI to be aligned with their strategic style (customer oriented enterprise) Meanwhile, for individual performance measurement , we recommend the job competency to be included as parameters to complete the existing parameters.

Item Type: Monograph (Project Report)
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Library > GFP (Group Field Project)
Depositing User: Putri Lumithasari
Date Deposited: 17 Jan 2020 03:55
Last Modified: 17 Jan 2020 03:55
URI: http://repository.ipmi.ac.id/id/eprint/368

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