The fleet expansion
programme envisages A. P. Moller Singapore acquiring large number of confirmed new buildings over the period
2005 – 2015. It is by far the
largest asset expansion program that the organization has embarked on.
In preparation for and to ensure a smooth acquisition of the new buildings,
we have charted a road map that the organization will follow in the
coming four years and gives an insight to the level of our readiness to
take over the new buildings.
“Advanced Performance Management Scheme” is a strategic management
scheme was conceived in line with our mission, to meet our customers’
requirements and to enhance the good standing of our name.
The
scheme, implemented on board all our vessels, is based on the foundation
of “fostering successful teams”, knowledge management
The
objective of this scheme is for the Master and his team to have an
overview of the business and to run his/her “company” as an
independent and economically viable unit. Such a training and career
development will ensure that they learn about the business and are ready
to assume the next higher step, thereby ensuring commitment and loyalty.
Under the “Performance Management”, the individuals
are encouraged to lay down a vision (objectives), followed by a road map
(action plan) to measure their performance. Guidelines have also been
revised to encourage positive feedback to the individuals in an informal
manner. Teams are also required to submit a monthly management report to
the owners outlining their previous months performance and their future
goals.
The APMS “Performance
Records Of Sea-staff and Professional Evaluation
of Career and Training System” (PROSPECTS) is our
latest system has been developed specifically to encompass two vital
dimensions of our business, that is, Human Resource and Capital
Resource.
This relational performance
management system assists the management in making, quicker, better and
more informed decisions. Basically, all individual and vessel performance
data obtained from different sources such as performance appraisals from
vessels, owners, customers, technical organization, profit center and
purchase department feedback, are collated and data-mined to obtain an
interactive result.
Though this system
presently focuses on two dimensions, it has the capability to accept a
broader spectrum. Truly in line with Advanced Performance Management
System, this program is dynamic and has the ability to move with time.
Although
morale amongst colleagues runs high here at A.P. Moller Singapore,
constant measures are taken to improve the efficiency of the
organization. Towards this objective, we have taken the initiative to
implement an Organizational Effectiveness Profiler (OEP) survey for all
our colleagues in the office and our senior officers at sea . The survey measures
6 specific
elements of organization effectiveness which matches this to a database
of our competitors, enabling us to identify our areas of strength
and
those that we can take steps to improve on.
This would
give us a good measure of talents we have on board our vessels.
Essentially, the index uses six areas to give us the broad assessment;
adaptability/change management, leadership/vision,
teamwork/communication, work environment/office evaluation and resource
management.
Through this analyses, we are then able to
intervene effectively to highlight opportunities presented by our capable
employees and simultaneously work on areas that require improvement.
The
final aim of these initiatives is to align the goals of organization
and employees to create synergies at the workplace.