Performance Management Analysis of SABIC: A Case Study

This report provides an analysis of SABIC's performance management system. It begins with an introduction to performance management, its importance, and key processes. The report then examines SABIC's specific approach, detailing its strengths, such as a focus on employee participation and continuous improvement, and its weaknesses, including a dependence on natural resources. The analysis includes recommendations for improvement, such as setting regular meetings and recognizing accountability. The report concludes by emphasizing the importance of performance management and its role in delivering quality services. The report is supported by references to academic sources and SABIC's own publications, providing a comprehensive overview of the company's performance management practices.

Performance
Management

Introduction
 Main Aim- Learning Performance management
Points will be discussed
 Definition
 Importance
 Limitations
 Performance Management of SABIC
 Strength
 Weaknesses
 Recommendations
 Conclusion
Analysis the performance management approach of the
organization

Performance Management
 Process of ensuring activities to meet
organizations’ goals in an effective and efficient
manner
 Focus on the performance of department,
employee or the procedure in place to manage
particular task
 It contains the various activities such as clarifying
expectations, providing feedbacks, setting
objectives, and reviewing results.

Managing the performance
For effective performance of employees
Procedures
 Proper planning
 Clear Goals and Objectives
 Setting targets
 Reviews
 Providing Feedbacks
 Appreciations

Importance of performance
management
 Better Quality of services
 More Input from employees
 High employee engagement
 More efficient review process

Company overview
 SABIC - Saudi Basic Industries Corporation is a
Saudi multinational chemical manufacturing
company
 Its subsidiary is Saudi Aramco.
 It operates in petrochemicals, chemicals,
industrial polymers, fertilizers, and metals.
 Second largest public company

Sabic performance management
It focuses on different activities to improve
performance such as:
 Reducing waste material
 Improving manufacturing facilities
 Develop healthy environment
 Learning Programs for employees
Initiative for improving performance
 Measuring performances
 Giving feedback
 Higher participation of employees

Sabic performance management
strengths
 Focuses on every one
 Improving performances
 Employees participation

Weaknesses
 High dependence on natural
 Less concentration on asset base and
feedstock sourcing
 Does not get the information of performance
management

Recommendation
 Set regular meetings
 Maintenance of machines
 Recognize accountability
 Rewards

Conclusion
 Performance Management is essential
for every organization. The approach of
SABIC is also good as it helps to
provides the quality of services to
consumers in terms of qualitative and
quantitative.

References
 Berkeley. (2018). Performance Management: Concepts &
Definitions. Retrieved From: https://
hr.berkeley.edu/hr-network/central-guide-managing-hr/managin
g-hr/managing-successfully/performance-management/concept
s
 SABIC. (2018b). Our Approach and Performance. Retrieved
From: https://
www.sabic.com/en/report-sustainability/energy-efficiency/our-ap
proach
 SABIC. (2018c). Culture Of Continuous Improvement. Retrieved
From: htt
https://www.thebalancecareers.com/performance-management-
1918226
ps://
www.sabic.com/en/report-sustainability/ehss/continuous-improv
ement
 Heathfield, S (2018). Performance Management. Retrieved
From:
https://www.thebalancecareers.com/performance-management-
1918226
 Mayhew. R. (2017). Strengths and Weaknesses of Performance
Management Systems. Retrieved From: