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When discussing performance management, many people immediately think of the annual performance review process. But the performance appraisal is only one component of what is considered to be performance management. One of the best definitions of performance management is provided by Michael Armstrong in his Handbook of Performance Management, which carefully and plainly lays out the Armstrong performance management cycle:
“Performance management is the continuous process of improving performance by setting individual and team goals which are aligned to the strategic goals of the organisation, planning performance to achieve the goals, reviewing and assessing progress, and developing the knowledge, skills and abilities of people.”
A key point here is that performance management is a continuous process — not a once-a-year activity. Quality performance management should, therefore, bring together a number of different, integrated activities to form an ongoing”performance management cycle”, as shown below.
“Performance management is the continuous process of improving performance by setting individual and team goals which are aligned to the strategic goals of the organisation, planning performance to achieve the goals, reviewing and assessing progress, and developing the knowledge, skills and abilities of people.”
A key point here is that performance management is a continuous process — not a once-a-year activity. Quality performance management should, therefore, bring together a number of different, integrated activities to form an ongoing”performance management cycle”, as shown below.
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For the institute of stockbrokers of Nigeria, Ade omolehinwa is a prolific lecturer in
- Portfolio Management
- Corporate Finance
- Equity Valuation and Analysis
- Fixed income Valuation and Analysis
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- SKU: JU704BM16ZI74NAFAMZ
- Product Line: BADE BOOKS
- Weight (kg): 0.6
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Workout Performance Management (Notes And Worked Examples)
₦ 32,980
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