You have been directed by your corporate or organizational president to research one of the following situations/problems and prepare a formalized research paper. This paper should be addressed to the president, board of directors, and your professor. For this research, you should conduct a review of literature based on the current practices being used in today's organizations (in terms of your selected research problem/situation). For your research project, you will create and implement of a new performance appraisal system or method of conducting performance appraisals. As you conduct your secondary and/or primary research, you should also develop a well-developed strategy as to how to implement your strategy into this organization. One way to view the selected problem is to think of a current or previous organization, in which you might focus your research efforts towards. For example, you may be facing the same problem in your current organization - so you could write this paper, based on addressing this particular problem with your current organization. If you do not see the relevance of any of these problems with your current or past employers - just write your paper as if you were employed with a Fortune 500 company or an organization currently in the news. AUDIENCE:Please write your research paper as if your organizational or corporate president and/or board of directors would review and consider its findings and recommendations. However, your professor will be the final reviewer for this paper. GUIDELINES:1. Student should write a well-researched paper, approximately 6-8 pages and double-spaced (not counting a title page, table of contents, references or appendices).2. Student should follow the APA Style Manual for referencing and citing sources in the paper.3. Paper should be written in third person - not first person.4. Paper should be error-free, so it may be wise to have another person proof your work.5. All sources must be properly cited, according to APA style. In essence, you need to use in-text citations (no footnotes or endnotes in this paper whatsoever). Full citations of all works should be included in the References section, formatted in APA Style.6. The paper must contain the following elements:a. Title Page (or letter of transmittal if a memorandum format is used)b. Table of Contents (unless a memorandum format is used).c. Introductiond. Problem Statement (5-8 sentence paragraph that clearly defines the problem and why it needs to be researched).e. Review of current practices (background of literature) in the areaf. Strategic plan for change or creation of the anticipated change (use examples of where this approach has been successful in other organizations if pertinent).g. Strategic approach for implementation of the change(s)h. Final recommendations and possible outcomes (best and worst case scenarios)i. Summary/Conclusionsj. References sectionk. Appendix (if tables or charts or necessary)SUBMISSION:Prepare an outline with bullet points of what you plan to cover in your research paper AND also e an annotated bibliography with at least 6 to 8 of the articles/books you plan to cite in your final project.