Performance Management at Afreximbank B Robert S Kaplan Siko Sikochi Anna Ngarachu Namrata Arora 2023

Performance Management at Afreximbank B Robert S Kaplan Siko Sikochi Anna Ngarachu Namrata Arora 2023

Marketing Plan

Performance Management at Afreximbank Afreximbank is one of the largest multilateral export-credit agencies in the world, established in 1999 to foster trade and investment among Africa’s member countries. The bank operates in five regions, namely West Africa, East Africa, Southern Africa, the Arab Maghreb, and Central Africa, with over 40 offices globally. The bank’s mandate is to promote and facilitate trade and investment between its member countries and other parts of the world.

Porters Model Analysis

At Afreximbank B, we believe that performance management is the key to unlocking the potential of our people, our projects and our organization. Our management framework, which is grounded in Porter’s Five Forces model, is designed to provide a structured approach to the management of performance that promotes competition, creates incentives, and fosters alignment and clarity around goals, strategies, and objectives. find Firstly, the approach to performance management is structured. We have clearly defined our targets, set measurable performance goals, and identified key indic

SWOT Analysis

I don’t remember when I was told this, but one of my mentors shared with me that “Performance management is a way for companies to be more organized, accountable, and efficient in managing their people and resources.” And with good intentions, my mentor went on to tell me that “I don’t believe that Performance Management is about tracking or measuring employees’ performance and how well they performed their tasks. Instead, it’s about how people and resources are managed to create a business that is successful.” But there were some who were resist

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In 1997, the African Export-Import Bank (AFREXIMBank) was established to help small and medium-sized businesses in African countries to access credit markets. 12 years later in 2011, the bank introduced an employee evaluation system called the Performance Management System (PMS) that focuses on motivating, developing, and recognizing the employees. This performance management program was developed with the help of Robert Kaplan, a well-known management consultant. The aim was to boost employee motivation, encourage

Financial Analysis

Afreximbank, one of Africa’s premier multilateral financial institutions, offers various financial services. They provide commercial, development and specialized finance and investment services to promote Africa’s growth and development. One of their strategic objectives is to achieve sustainable economic growth on the continent by leveraging on their global presence to deliver sustainable development. Their Business Process Management (BPM) function is central to delivering their Strategic Plan to promote development, ensure consistency, and efficiency in Africa’s economic growth.

PESTEL Analysis

The past year has seen significant changes in the African Banking industry. Afreximbank, established in 1993, as an economic cooperation organization (ECO) between the United African States, the European Union and the United States of America, had a profound influence on the banking industry in Africa since its establishment. Since its establishment, Afreximbank has made significant contributions to the transformation of African economies, including the promotion of cross-border trade and investment, regional integration, and job creation. Overall, the bank’s performance management