Strategic performance management system ppt
Definition of Performance Management System Performance management is both a strategic and an integrated approach to delivering successful results in organizations by improving the performance and developing the capabilities of teams and individuals. Armstrong and Barron (1998)Jul 30, 2009 Strategic Performance Management encompasses methodologies, frameworks and indicators that help organizations in the formulation of their strategy and enable employees to gain strategic insights which allow them to challenge strategic assumptions, refine strategic thinking and inform strategic decision making and learning. strategic performance management system ppt
In conclusion it must be emphasized that strategic performance management is not about establishing a topdown, backwardlooking form of appraising people. Neither is it just a method of generating information for pay decisions. Performance management is a strategic process because it is forwardlooking and development.
Mar 21, 2014 Performance management can be regarded as a systematic process by which the overall performance of an organization can be improved by improving the performance of individuals within a team framework. It is a means for promoting superior performance by communicating expectations, defining roles within a required competence framework and establishing achievable benchmarks. A performance management There is no single best way to design and implement strategic performance management. What works in one organization may fail miserably in another. Understanding the organizational culture is critical. With that said, there is proven science here and a well defined and articulated process is essential. Success is dependent strong leadership to:strategic performance management system ppt PERFORMANCE MANAGEMENT SYSTEM AT BPCL Company Profile Bharat Petroleum Integrated Petroleum Refining and Marketing Company Fortune 500& Forbes 2000 company Sales A free PowerPoint PPT presentation (displayed as a Flash slide show) on PowerShow. com id: 3b1ca6NDZmZ