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Lee: Not really, the HR manager said it is time to develop. Coach: How do you think about your role in your team? Lee: I think I could be the top of few in my team. Coach: Why? Lee: My error Rate is low; speed of delivery and sales target achievement story isbetter than others. Coach: But it is well below the performance target. Lee: Oh, I know... Coach: what do you think is the reason? Lee: I think, because I do not have no any experience before in this field. And I wasnot able to participate in training programming due to work pressure. Coach: Do you think you need any training? Or anything else?Lee: Training please. I think training will help me a lot to understand better about myjob and responsibility, and it allow me to deliver to the customers accordingly.Coach: So, which one you prefer, job training or formal training?Lee: Job training please.Coach: Ok, training will be arranged for you at the first working day of the nextmonth. Lee: Thank you so much! Question 4a.a description of budgetary and financial performance
Australian Ideal College RTO No.: 91679 CRICOS Provider Code: 03053G ABN: 15 126 592 756 Sydney Campus: Level 7 & 8, 75 King St, Sydney NSW 2000 Adelaide Campus: Level 3, 21-23 Rundle Mall, Adelaide SA 5000 Hobart Campus: Ground Floor, 116 Murray St, Hobart TAS 7000 Tel: +61-2-9262 2968 Fax: +61-2-9262 2938 Email: [email protected] Website: Page 48 of 57AIC-UP-BSBMGT517–V3.0Page 48 of 57Educating for ExcellenceA budget is the financial description of an action plan outlining how youwill use your money, based on knowledge and assumptions againstwhich you will measure your actual performance. It is important to behonest about what you can manage in income and expenditure, so thatyou develop a realistic budget that helps you weather the unexpectedthroughout the year.Riz Mehra, Chief Financial Officer is responsible for preparing quarterlyfinancial statements and overall budgeting. Riz is also responsible foroverseeing budgets for cost centres and individual projects.b.a description of productivity performanceTo economists, productivity is the efficiency with which firms,organizations, industry, and the economy as a whole, convert inputs(labor, capital, and raw materials) into output. Productivity grows whenoutput grows faster than inputs, which makes the existing inputs moreproductively efficient. Productivity does not reflect how much we valuethe outputs — it only measures how efficiently we use our resources toproduce them.Sam Lee, Marketing Manager is responsible for the management of allaspects activities of marketing. Kim Chen, Operations General Manage is responsible for the day-to-dayrunning of the company and responsible for sponsoring projects thataffect operations of the organisation as a whole.c.an analysis of milestone achievement and performance against targetsThe Sales and Marketing Manager has been tracking progress against thefollowing by key performance indicators (KPIs).