Essay About Performance Management And Company Objectives

Performance ManagementSBL/ STM MBA August 2011Managing Human Capital AssignmentValue:Length:Approximately 3000 words“Performance management can be a useful tool to align company objectives and individual objectives. This results in successful operations.”Discuss this statement and come to a conclusion as to whether you agree or disagree with it. As part of your answer describe how the performance evaluation system can be managed to ensure the alignment of both individual and organisational goals.

Guidelines :Thorough literature review must be evident.Discussion on the factors that need to be considered when undertaking performance appraisal should be undertaken. Discussion and debate on the statement should be seen.

There must be sufficient linkage between theory and practice.Harvard style of references should be used.1. Intruduction2. Company objectives3. Individual objectives4. Conflicts between Company Objectives and Individual Objectives5. Performance Management6. Performance appraisal to align employee-management conflictsTypes of performance appraisal systemsFactors that need to be considered when undertaking performance appraisalManagement of performance evaluation system7.Conclusion.In the past a leader was a boss. Todays leaders must be partners withtheir people they no longer can lead solely based on positional power.Kenneth Blanchard1. Introduction……………………………………………………….……………………………………………………….2. Company objectives“Objectives are statements of specific outcomes that are to be achieved”The survival and effectiveness of the company depend on objectives that are important in every area of activity where performance and results directly affected. Objectives are a form of

-1. Purpose, goals or aims that are necessary to have a business for the future„The purpose of the organizational organization is to ensure that workers, consultants, and managers are paid the desired benefits, pay for their services or they will have to perform to a higher level of value.Objectives, objectives, objectives are the primary means for changing or replacing the structure and values used in your workforce. Objects should be a tool of reference for the whole organization to use to better understand the importance of your new product or service.Objectives should be used in developing your leadership structure and the business values associated with the company.2. Organization’s objectives in a company are:• 1. Change the way that business works‟2. Increase or decrease revenues and expenses;3. Improve the operations of the company and make it easier for the employees to improve and enjoy their jobs†3. Provide a higher level of control to the employees in the company‡4. Provide a higher level of accountability in the management of this company•5. Provide a higher level of accountability in the business administration of the company‣6. Create more accountable leadership, better performance management &improve the way the company operates &*-1. Organization’s objectives are:• 1. Increase the productivity of the employees, consultants, managers
2. Provide a higher level of accountability in the management of the company
3. Provide more autonomy in the management of this company&#8234 ;4. Provide responsibility for decisions, not only for the leadership but also for the company’s business plan and management system.3. Reduce or eliminate barriers to operating the company‫4. Enhance the organizational quality of the company.The ultimate goal of a success or failure is your organization’s bestment, so leadership is measured in both the number of good results and the number of good failures.A successful organization will seek to get its best performers to succeed through the use of new strategies, programs and processes. When a successful organization gets the results it truly needs, it needs a leader that knows how to use the power to gain momentum in the face of those changes‬5. Create opportunities that allow the growth process to continue.The best leaders have an intrinsic understanding of the company that drives performance appraisal and decision making as well as the understanding of the business needs and objectives they have in building it. They may be creative minded, innovative, ambitious, visionary, or otherwise both. A successful organization will have a wide variety of talents and experience in the business and can thrive by combining the talent, experience and education they share‭6. Organizations can thrive both in the company and in their home world while creating a competitive operating environment. A successful organization that employs a leader that understands the principles of business organization needs to have a culture that is very effective at getting its workers to perform their mission.Successful organizations are motivated by a shared vision for the future. Through leadership, it is easy to become a successful leader at any of the many industries you are assigned to work in. Through organizational practices and principles, it is easy for organizations to change direction and scale. Leadership is a common trait of many successful organizations and in our study of successful organizations we were able to learn how many organizational changes are needed to create a successful company.3. In the context of a successful organization you may have to engage with and support the company through various activities.In most organizations you will find that what you do is based on a set of expectations and goals your organization sets and is in good stead when working with many other companies. For example, what you do must be effective when working with one or two others, such as working with a sales representative or a business or a retail salesperson. But, if that is not enough, you have the