EXXARO CASE STUDY MBA Assignment 02

Contents Summary:...................................................................................................................................................2 Introduction:..............................................................................................................................................2 Question # 1................................................................................................................................................3  Setting standard target: Firstly, the organization must fix a benchmark against the actual performance. The standards may be qualitative or quantitative like skills and competencies of the employees, capabilities of the firm, etc....................................................................................................4  Measuring performance against the performance: In this step the benchmark is compared with the actual performance. For measuring this, the organization must be prepared balance sheet, profit and loss account.............................................................................................................................................4  Analyzing variance: If there any variance or deviations from the comparing, the organization must find out the cause of the deviations. The cause of these can be external or internal, temporary or permanent, etc.........................................................................................................................................4  Take corrective actions: Once the variance is identified, it is essential to plan a corrective action. Depending on the cause of each, the organization will decide to take actions out from the best alternatives to correct performance..........................................................................................................4 1). SWOT Analysis:.........................................................................................................................4 2). PESTLE analysis:......................................................................................................................5 Question # 2................................................................................................................................................5