MBA505 - Mentoring Initiative: Improving XYZ Plc Performance

This presentation proposes a mentoring initiative for XYZ Plc, addressing the company's challenges in the media industry and the need for improved performance and knowledge management. It details the importance and advantages of mentoring, outlining a five-step process that includes establishing goals, identifying interests, matching mentors and protégés, selection, and feedback. The presentation covers mentor selection, training, and support, including an estimated implementation plan with associated costs, projected at approximately 10,000 Australian dollars over three months. It emphasizes the expected benefits for both new and existing employees, enhancing their understanding of company operations and roles. The presentation concludes by highlighting the potential role of consultants in successfully implementing the mentoring initiative, supported by a list of relevant references.

MENTORING INITIATIVE FOR
XYZ PLC.

INTRODUCTION

IMPORTANCE OF MENTORING
• Brondyk and Searby (2013)
claim that mentoring
programs in the workplace
would have a number of
benefits for the organization
and would improve the
overall performance in the
long run.

MENTORING ADVANTAGES
• Mentoring can help with
knowledge management
in an organization as well.

XYZ AND MENTORING
• XYZ Plc. has been facing
some challenges in the past
few years. This is mostly
due to the volatile nature
of the media industry and
the latest developments
within the industry.

XYZ MENTORING NEEDS
• The mentoring needs of
XYZ are two fold in nature.
• They would be beneficial
for both the protégés and
for the mentors, in terms
of career progression and
knowledge management.

XYZ MNETORING NEEDS
• Mentoring can
prove to be very
rewarding for the
mentors as well.

MENTORING PROGRAM OUTLINE
• There are essentially five steps in a mentoring
process – establishment of goals and expectations,
identification of interests, matching, selection and
feedback.

• Interests would have to be specified in the next
phase.