People Management.indd - Eckes-Granini

63.0 Annual Management Processes
MbO Talk & Leadership Talk Strategic Dialogue
During the Management by Objectives Talk, managers and their International and national boards
direct reports evaluate past employee performance, define analyze past and current status and
concrete targets for the upcoming year and decide on necessary discuss future strategy, trends, market
steps for further individual development Leadership Feedback developments, consumers etc. at group
and Peer Feedback are integral parts of the MbO process. level and for the individual country.
27
HR-Days Budget Process
The management team assesses contribution, potential and International and national boards
respective action items of departments and the organization define national targets for the upcoming
as a whole. year based on the forecast and strategy.
This leads to an action plan for organizational development,
an overview of individual contributions and potentials, lists of
potentials and a succession plan. Assessments of people are
based on the management competencies.