Essay Database
Performance Management
Date Submitted: 12/11/2004 08:42:05
Category: / Business & Economy / Management
Length: 7 pages (1933 words)
Category: / Business & Economy / Management
Length: 7 pages (1933 words)
INTRODUCTION
In today's management, most of the organisation emphasise the importance of performance management (PM). Why is PM so important to them? Is PM an essential practice to these organisations? According to Curtis (1999), PM is an approach to management which individual managers and employees are unified to attain organisation's strategic goals. Strategic goals are defined, and outputs are then identified to attain the goals which were clearly defined. Commitments of managers and employees are gained, …
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…the organisation in a more competitive advantage position in the ever changing HR environment.
Though, there are some drawbacks on the difficulties in achieving mutual commitment amongst the stakeholders in implementing PM. Furthermore, PM is evidently difficult to practice in real life. However, if the drawbacks of PM can be overcome with the above mentioned recommendations, PM can be a very effective and efficient tool to ensure the smooth organisational development into the 21st Century.
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