StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Important Performance Management - Assignment Example

Cite this document
Summary
The paper "Important Performance Management" highlights that performance management is the process of involving employees in determining the best solution for improving the effectiveness and outcome of the organization's goals. The first step in this process is planning the work. …
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER99% of users find it useful
Important Performance Management
Read Text Preview

Extract of sample "Important Performance Management"

?Questions on Performance Management Performance management is the process of involving the employees in determining the best solution for improving the effectiveness and outcome of the organizations goals. This first step in this process is planning the work. This can be done as a group, or as individuals. First you outline the goals that need to be accomplished and allow the employees to come up with the solutions for how to finish them in a timely, successful manner. Then, have the employees continuously manage their performance and report how and if they are meeting the goals they outlined for themselves. It is also important that the company continually provides training in the latest innovations and ideas for their employees, so that they have the best tools necessary to improve their, and the companies, overall performance. The company can then periodically rate the performance of its employees to provide feedback. Positive feedback and good performance should be rewarded and encouraged. If there is negative feedback it is important to then uncover areas that are in need of improvement. Due to the fact that performance management allows employees to fill a sense of ownership in their work and goals, it generally greatly increases the productivity of the organization. The fact that the employees are receiving continual training, and rewards for their improved performance also improves the employee’s overall sense of worth and well being. This provides a win- win situation company wide (Daniels 1-10). 2. There are two groups of people involved in business behavior, the leaders and the followers. The behavior of one of the two groups can either positively or negatively affect the behavior of the other. So what exactly is business behavior and are their any laws to govern what is acceptable and what is not? Despite what you might see marketed in various books and journal articles today as the, 100 unbreakable business laws, there are actually not a set group of laws that governs business. This is due to the fact that every business and company interaction is as different as the people that compose them. There are, however, guidelines for how business should be conducted. One of the guidelines is to not reward bad behavior. This is for both managers and employees. As Dr. Edwards noted, “well over 90% of the problems of quality are due not to frontline employees, but to management”. The rule of, “I don’t care how it gets done just get it done,” no longer applies. Ethics and moral responsibility in the process of achieving your goals sets a higher sense of morale and trust among the organization. As a result performance is actually improved. Behavior is the key to quality because you do not lead people in business you lead their behavior (Daniels 48 – 50 + 94). 3. Pinpointing is the act of trying to find the exact spot or issue that could be changed to improve overall effectiveness. Having the ability to accurately pinpoint is essential to performance management because allows the manager and employee to go to the source of the problem and uncover methods for irradiating it. Pinpointing should not be viewed or approached as a negative, but as a positive means for growth and development. Managers not only have the right but the responsibility to overview the work f their department and pinpoint areas that can be improved. It is not the sole responsibility of the managers to pinpoint, however, effective managers will train the employees to pinpoint problems as well. Since employees deal with the more day to day operations of the company if they are able to pinpoint and do away with problems early on, it helps to elevate a later possibly larger issue from occurring. This helps to improve overall managing performance because the more areas of concern that are pinpointed and eradicated the smother the department and company as a whole will run (Daniels 99-101). 4. Performance feedback is an essential tool in performance management. It should be ongoing between both managers and employees’, providing both with information on what performance was expected and what performance was given. This is valuable to the individual because everyone, whether a front line employee or a manager, wants to know how well they are performing. It gives the satisfaction of a job well done, and it provides knowledge for areas in which can be improved in the future. Due to the fact that performance feedback can be both a motivator and give useful information on what needs to change, it is invaluable to the organization. It helps to improve productivity and helps encourage and demonstrate to employees how to reach their goals (Daniels 118 – 120). 5. A coaching manager is, “someone who uses coaching to develop talent in his or her business unit, in order to achieve business or organizational results” (2). Any manager can be a coaching manager, and every manager who wants to succeed in running a profitable organization should strive to be a coaching manager. What distinguishes a successful coaching manager is the fact that they do not tell people what to do, instead they guide them to learn, think and grow for themselves. In order to be a successful coach you also must have a coaching mindset. Which is the mindset that you are there to lead people to be the best they can be; a coach encourages, challenges, and develops. A coaching dialogue is when two people meet, formally or informally, to discuss a problem or task that one is working on. They do not just discuss the results; however, they discuss how the employee will reach those results. The process in this case is just as important at the end result because it helps the individual draw on lessons of experience. Coaching is essential to the success of performance management because it focuses on not telling people what to do, but aiding people in the development of solutions for their own tasks. This makes it priceless, therefore, for managing performance. If the manager aids the employee in arriving at their own solutions then the employee can take more pride in the performance outcome (Hunt 1-4). References Daniels, Aubrey C., and James E. Daniels. Measure of a leader: the legendary leadership formula for producing. 10th. New York: Mc-Graw Hill , 2007. Print. Hunt, James M., and Joseph R. Weintraub. The Coaching Manager: Developing Top Talent in Business. 2nd ed. Thousand Oaks, CA: Sage Publication Inc., 2011. Print. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“PM questions Assignment Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/family-consumer-science/1414335-pm-questions
(PM Questions Assignment Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/family-consumer-science/1414335-pm-questions.
“PM Questions Assignment Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/family-consumer-science/1414335-pm-questions.
  • Cited: 0 times

CHECK THESE SAMPLES OF Important Performance Management

Tableau de bord

The study will try to throw some light on two important performance measurement tools which are balance scorecard and Tableau de Bord.... Tableau de bord Executive Summary The study will try to throw some light on two important performance measurement tools which are balance scorecard and Tableau de Bord.... Tableau de bord Executive Summary The study will try to throw some light on two important performance measurement tools which are balance scorecardand Tableau de Bord....
6 Pages (1500 words) Essay

The Importance of Employee Performance Management

The author of the paper 'The Importance of Employee performance management' states that performance management is one of the key drivers of success in business in the contemporary age.... This is the reason why organizations all over the world are spending a lot of money in establishing an effective performance management system.... Nowadays, organizations have developed systems of performance management that cascade the strategy starting from the executive suite down the line to the basic level in the organizational structure (Eckerson, 2010, p....
14 Pages (3500 words) Essay

Argentis A Score and Altmans Z Score Models

Altman's Z-score model is an Important Performance Management and company failure analysis tool.... strategic assessment and performance management tool', Strategy and ... Such an analysis enables the management, administration, financial institutions and creditors to strive for and press on the need for introducing the apt countermeasures in advance so as to avert any possibility of a pending corporate failure.... score does not help the management to understand the dynamics of the problems existing in the company....
4 Pages (1000 words) Essay

Performance Management And Reward System

lot of organisation managers neglect these Important Performance Management functions since they are terribly time overwhelming and need some competent skills.... The essay critically discusses the integration of performance management and reward system with other functions of human resource management.... One of the importance of performance management is to help an organisation achieve set goals and objectives.... performance management and reward system Performance and reward system is a very important function in human resource management and the organisation as whole....
10 Pages (2500 words) Essay

Most Important Skill in Performance Management

The author of the paper "Most Important Skill in performance management" argues in a well-organized manner that managers think of performance management as extra work that consumes a lot of precious time but does not promise valuable results for the company.... performance management is not a one-time job; managers need to keep records of the achievement of goals by individual employees as well as teams on a day-to-day basis in order to have the data on which to base their decisions regarding performance appraisal....
1 Pages (250 words) Essay

A Critique of the Best Practice Models and Their Application in the Organization

These are Important Performance Management practices.... The author also presents some views in form of recommendations for the purpose of improvement in employee performance management.... It also presents some views in form of recommendations for the purpose of improvement in employee performance management.... performance management is significant in the effective accomplishment of organizational goals.... here are models of performance management that have been developed to assist managers in maintaining productivity amongst employees....
10 Pages (2500 words) Term Paper

Tableau de bord

Moreover Harvard business Review has identified balanced scorecard as the most Important Performance Management tool developed in the last forty years.... alance scorecard creates a link between strategic management guideline proposed by Mintzberg and performance management (Mintzberg, 1978).... International Journal of Productivity and performance management [e-journal] 57, 3 Available through: Emerald database [Accessed 18 December 2012]. ... International Journal of Productivity and performance management [e-journal] 54, 5 Available through: Emerald database [Accessed 18 December 2012]. ...
7 Pages (1750 words) Term Paper

Customer Service Issues

ne of the importances of performance management is to help an organisation achieve set goals and objectives.... Operational performance management.... erformance management and gap analysis ... Its achievement is through maximisation of individual employee, a team or the entire organisation, which is the function of human resource management.... management-Information Systems: Managing the Digital Firm” 11th edition....
14 Pages (3500 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us