Define performance management and its elements. (10 Points
Ans) Performance management:
A continuous process of identifying, measuring, and developing the performance of individuals and teams and aligning performance with the strategic goals of the organization
Two main components
1. Continuous process (ongoing, never ending process of setting
goals/objectives)
2. Alignment with strategic goals (ensure that employee outputs are
congruent with the organization's goals).
Examples of Performance Management Systems:
1 An Appraisal of Employee Online Performance Software.
2 Web-Based Employee-Appraisal Software.
3 Patch Norton Antivirus.
4 Write a Manager's Performance Appraisal.
Define performance management and its elements.
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1a) Identify and explain the five elements of Performance Management. provide example for each element. 1 b) Identify and discuss five reasons why Performance Appraisals are carried out in organizations. provide examples
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1. Define the bullwhip effect and discuss its impact on the measures of supply chain performance. 2. Define the term logistics and its impact on cost and service.
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