Performance Management in Public and Private Sectors

Running head: MANAGEMENT
MANAGEMENT
Name of the student
Name of the university
Author note

MANAGEMENT1
Table of contents
Introduction......................................................................................................................................3
Critical assessment of performance management in public and private sectors..............................3
Evidence of local organizations.......................................................................................................5
Conclusion.......................................................................................................................................5
Reference and bibliography.............................................................................................................7

MANAGEMENT2
Introduction
The significance of effective performance management is highly concentrated towards
the business practices. In the words of Molleman and Timmerman (2003), by following both the
formal and informal practices, the resources, systems and employees are being properly
managed. The performance management is not limited to the appraisals, its implication can
promote better performance in the workplace. On order to implement the potential balanced
scored system, the performance management accounting system plays the significant role in both
the small, medium and large sized business context. The purpose of this study is to develop a
critical assessment based on the performance management initiatives in both the public and
private sectors. By continuing this, for strengthening the content, evidences of performance
management in the local organizational context has been described.
Critical assessment of performance management in public and private sectors
The performance management execution is being developed based on the commitment of
the organization towards its goals. It is true that ion the 21st century performance management
has become the important contributor in the strategic management process as it influences
maximization process of company betterment (Halachmi 2005). It is true that in the current
business scenario, maintaining the strong relationship with the stakeholders has become quite
challenging. Through the effective performance management process, the situation handling the
stakeholder related issues have become easier. It is true that the performance management
implementation in both the private and public is significant. It is true that in the current business
scenario, the organizations are dealing with the performance management challenges, which is
influencing the employee commitment towards the organization. The implementation of