BNET Business Dictionary
Business Definition for: Performance Management
- the facilitation of high achievement by employees. Performance management involves enabling people to perform their work to the best of their ability, meeting and perhaps exceeding targets and standards. Performance management can be coordinated by an interrelated framework between manager and employee. Key areas of the framework to be agreed are objectives, human resource management, standards and performance indicators, and means of reward. For successful performance management, a culture of collective and individual responsibility for the continuing improvement of business processes needs to be established, and individual skills and contributions need to be encouraged and nurtured. One tool for monitoring performance management is performance appraisal. For organizations, performance management is usually known as company performance and is monitored through business appraisal.
Additional Resources
- The Impact of a Performance Management Intervention on Work Processes and Operational Indicators
- The article opens the fact that organizations are constantly seeking new ways to improve performance. Currently a popular management intervention called performance management seeks to more closely link employee activities to organizational objectives. This paper discusses an actual field study undertaken to improve performance through the design and installation of...
- White papers 2001-04-01
- Performance Management: Who Should Use Performance Management Consulting Services?
- Performance management is critical to focus people on the right things to drive business results. In today's dynamic, customer-driven marketplace, an effective performance management system equips and energizes people to take responsibility for their performance and accomplish superior results. Consistent, demanding standards of performance foster a high-performance culture. Yet many...
- White papers 2003-09-17
- Behavior Matters: A Process Approach To Performance Management - What's Wrong With Performance Management?
- Performance management is a key element of most significant process efforts. In most organizations, it is limited to appraisals alone. In some, it encompasses a loose process comprised of goal and standard setting, intermittent coaching, and year-end performance evaluation. In very few organizations, performance management is viewed as a more...
- White papers 2004-04-01
- Creating A Better Performance Management System
- Managing performance is one of the more difficult and complex activities within organizations. It is also one of the most important activities to undertake. The potential impact of the performance management process cannot be underestimated. The right performance management system will nourish and unleash human potential, while an inadequate one...
- White papers 2007-02-01
- Silvon in release. (IT in Brief).(Silvon Software Inc. introduces Version 4.0 of its Stratum suite of Enterprise Performance Management applications)(Brief Article)
- Silvon Software Inc., a provider of enterprise performance management software, has released Version 4.0 of its Stratum suite of Enterprise Performance Management EPM applications, which ... Silvon Software Inc., a provider of enterprise performance management software, has released Version 4.0 of its Stratum suite...
- Research articles 2003-06-16
- Hyperion recognized as a leader in first SPEX Business Performance Management Evaluation; Hyperion Business Performance Management Suite receives excellent rating from SPEX.
- M2 PRESSWIRE-13 March 2003-HYPERION: Hyperion recognized as a leader in first SPEX Business Performance Management Evaluation; Hyperion Business Performance Management Suite receives excellent rating from SPEXC1994-2003 M2 COMMUNICATIONS LTD RDATE:03132003 Sunnyvale, Calif -- Hyperion (Nasdaq: HYSL), the global leader in ...
- Research articles 2003-03-13
- Setting Up A Performance Management System
- Setting up of a good performance management system doesn't happen overnight or by accident. You need to consider its design and carefully plan how it will work - before managers begin using it to evaluate employees. The article says that a performance management system should provide employees with these four...
- White papers 1999-01-01
- Using Bi-directional Performance Management
- Bi-directional performance management recognizes that for performance to improve, both manager and employee must receive feedback on how well they are fulfilling their obligations to the organization and to each other. It also recognizes that each staff member and his/her manager must clarify and negotiate expectations regarding each other's roles...
- White papers 2003-01-01
- Evaluation Criteria For Selecting A Successful Business Performance Management Solution
- Business Performance Management BPM (sometimes called Corporate Performance CPM or Enterprise Performance Management EPM) means many things, but in the software world BPM is defined as software applications for performance management processes. A successful BPM solution enforces the necessary elements of closed loop performance management processes that enable control, continuous...
- White papers 2006-01-01
- Improving public sector performance management: one step forward, two steps back?
- Abstract This empirical study of the performance management system in the U.S. Workforce Investment Act WIA program identifies challenges and prospects for implementing performance management systems effectively in public agencies. The analyses of performance standard setting processes and relationships among standards and state performance levels demonstrate that setting performance...
- Research articles 2004-06-22
- Workstream Inc.'s Performance Management Solution Helps Organizations Measure Performance; The Carlyle Group selects Workstream's Performance Management Suite.
- OTTAWA, ONTARIO, Nov 6, 2003 CCNMatthews via COMTEX Workstream Inc. (NASDAQ:WSTM), a leading provider of hosted Human Resource HR enterprise software and professional services to the Fortune 2000, announced that The Carlyle Group, one of the world's largest private equity firms, has selected Workstream's...
- Research articles 2003-11-11
- Performance Management: Are We Failing the People Who Matter Most?
- Although performance management systems have become a best practice, it is noted that a great deal of dissatisfaction with what they are actually producing. It is easy to dismiss the evidence of poor design or imperfect implementation. But while it is very hard to fault the intention behind performance management...
- White papers 2003-01-01
- Intelligent Business Strategies : Understanding Performance Management
- Article gives an insight look to intelligent business strategies which works as performance management tool. These strategies are used in strategic formulation process and are part of strategic planning. Performance management allows corporations to optimize their business operations to improve efficiency, reduce costs and increase revenues where as...
- White papers 2003-02-01
- Performance Management And Appraisal: Chapter 11
- Performance management is in vogue among new-age corporations. Appraising the workforce on the basis of their performance instills the motivation in them to excel in their work, thereby, increasing the productivity of the organization. The paper discusses the importance, benefits and relevance of performance management in organizations. The paper also...
- Presentations 2003-01-01
- Basic Principles Of Performance Management
- Performance management is the systematic process of monitoring the results of activities and collecting and analyzing performance information to track progress toward planning results. Performance management uses performance information to inform and program decision-making and resource allocation. The main objective is to communicate results achieved, or not attained, to advance...
- White papers 2003-01-01
- A Process Approach to Performance Management
- Performance management is always a controversial topic. In most organizations, it is limited to appraisals alone. In some, it encompasses a loose process comprised of goal and standard setting, intermittent coaching, and year-end performance evaluation. In very few organizations, performance management is viewed as a more comprehensive approach to leveraging...
- White papers 2004-05-24
- Performance Management: A Roadmap for Developing, Implementing and Evaluating Performance Management Systems
- Performance management systems, which typically include performance appraisal and employee development, are the "Achilles' heel" of human resources management. They suffer flaws in many organizations, with employees and managers regularly bemoaning their ineffectiveness. The goal of this paper is to provide Human Resource HR professionals with useful guidelines for developing...
- White papers 2004-11-11
- Performance Management: You Get What You Request and Reward
- Performance management encompasses the most important people issues in the organization. Performance management includes the entire relationship one has with the people one employs. Performance management is the process of creating a work environment or setting in which people are enabled to perform to the best of their abilities. Performance...
- White papers
- 9 Critical Reasons to Automate Performance Management
- More and more, forward-thinking companies like yours are using innovative technology to automate their performance and talent management processes. Isn't it time your company enjoyed the same benefits? To learn more, download the complimentary eGuide "9 Critical Reasons to Automate Performance Management" now. Inside this...
- White papers 2007-11-01
- How performance management hurts quality. (Viewpoint).
- A Jan. 27 front-page article touted the skills of a consulting company that helps organizations implement performance management practices. The consultant was quoted as saying, "Performance management is the process of maximizing the effectivene A Jan. 27 front-page article touted the skills of a consulting ...
- Research articles 2003-03-10
