Management: Performance Appraisal and Performance Management

Foundation in
Management
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Table of Contents
INTRODUCTION...........................................................................................................................3
Summary..........................................................................................................................................4
Analysis ...........................................................................................................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
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INTRODUCTION
Management refers to administration along with coordination within the tasks for
attainment of identical goal. Basically, it illustrates the way in which things are being used for
handling, making supervision or being a in charge of carrying out different activities. The
process of management comprises of adequate planning, giving directions, organisation and
controlling them within precise manner. This aids within allocation of finite resources to their
employees or individuals through which they can carry out their functions in precise manner as
per the requirements (Aven and Thekdi, 2019). These resources comprise of technological,
financial or human capital that are required for making sure that all the operations are conducted
in precise and effective manner. Performance management illustrate the ongoing process which
aids within having interaction among employees as well as supervisor for accomplishment of
their strategic objectives. Communication occurs in order to ensure that all the expectations of
clients can be accomplished, determination of goals, furnishing feedback as well as making
reviews of the outcomes. It assists management within tracking and evaluating work of
employees along with this environment is being created where each individual can carry out their
activities as per their best abilities for producing higher quality work in effective as well as
efficient manner.
Performance appraisal implies regular review of job performance of employee and their
overall contribution within firm. This is liable for evaluation of achievements, skills as well as
growth of an individual. It denotes systematic evaluation of employee’s performance for
understanding their abilities for having further growth as well as their development (Bayati,
Ghasemizad and TAHERI, 2019). This assist firm and employee to attain their respective goals
in an enhanced manner. The outcome of performance appraisal also indicates whether the
organisation is going in the right direction or not. Performance appraisal is one of the important
sub-functions of staffing in management. This report will provide an insight into concept of
management, evaluation of performance management along with performance appraisal. This
will provide with adequate knowledge with respect to the ways in which firms manage their
operations within evolving marketplace.
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