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International Performance Management

   

Added on  2020-05-04

4 Pages785 Words149 Views
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1INTERNATIONAL PERFORMANCE MANAGEMENTStudent NameInstitution Name
International Performance Management_1

2INTERNATIONAL PERFORMANCE MANAGEMENTPerformance management is essential for a firm’s progress. Currently, the globalization effects have complicated performance management actions. For instance, managing performance in a culturally diverse environment requires organizations to implement multicultural strategies. Moreover, modern firms have to deal with the challenging task of managing geographically alienated teams. However, technology has eased this management pressure by offering integrated performance management systems which are easy to monitor. With employees being central to organizational success, performance management provides aplatform that promotes and improves workers’ effectiveness through goal-setting, monitoring, and motivation.International performance management is a process which enables multinational firms to continuously evaluate and improve corporate and staffs performance in relation to set goals. According to Caldwell (2002, p. 2), the objective of performance management is to enhance employees effectiveness. Principally, it is the role of the management to design effective performance management strategies that align with the organizational goals and vision. However, Caldwell (2002, p. 3) advises that it is essential for the management and the employees to work collaboratively during the performance management process. Performance management strategies differ according to organizational characteristics. The nature of these strategies is defined by the management model adopted by a firm. The prominent performance management theories include expectancy, control, and goal-setting perspectives. However, Al Ariss, Cascio and Paauwe (2014) opine that the goal- setting theory has gained popularity due to its objectivity and efficiency in improving performance. Regardless of the perspective employed by a firm, international performance management serves to identify performance gaps and means of rectifying them accordingly.
International Performance Management_2

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