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
- SAP Announces Zions Bancorporation has Implemented SAP BusinessObjects Enterprise Performance Management Solutions
- SAP AG recently announced that Zions Bancorporation has implemented SAP BusinessObjects enterprise performance management EPM solutions and is now following SAP's closed-loop performance management model, resulting in greater transparency, tighter operational control and profitability that exceeds industry standards.Zions Bancorporation is one of the nation's premier financial services companies, consisting of...
- News items 2010-01-19
- 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
- Enterprise Performance Management: A Framework for Optimizing Network and Application Performance
- The Enterprise Performance Management framework takes a systematic approach to managing the combined performance of enterprise application and network resources. It is a five-step framework that gives IT professionals the processes and information necessary to help ensure continuous IT infrastructure optimization, reliability and performance. In addition, EPM can also help...
- White papers 2006-03-01
- 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
- 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
- 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 And Appraisal
- Performance Appraisal PA is a tool to effect effective performance management practices. PA helps to evaluate performance of the employees and identify skill gaps present in them. This helps in managing the performance of the employees by designing suitable training program for their skill enhancement. PA also helps in giving...
- Presentations 2003-01-01
- 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
- Performance Management Process Checklist
- Performance appraisals, performance reviews, appraisal forms, whatever one wants to call them, let's call them gone! As a stand-alone, annual assault, a performance appraisal is universally disliked and avoided. After all, how many people in the organization want to hear that they were less than perfect last year? How many...
- 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
- PST Bares The Truth About Performance Management Myths & Reality (#2 Of 3)
- Setting up a performance management system can deliver tremendous results. We've seen it deliver hundreds of millions of dollars in value in months. Nowadays it has become an important tool in building an organizational culture of choice, and delivering great results. This white paper series addresses three important core processes...
- White papers 2007-04-18
- Supply Chain Performance Management: It's More Than Metrics
- Tracking and measuring the performance of various supply-chain functions is necessary but not sufficient for modern day?s extended enterprise. Tying that performance to corporate strategic goals and closing the loop on execution to ensure continuous improvement are keys to effective performance management. Establishing metrics to track supply-chain performance seems, on...
- White papers 2004-11-01
- Impact of a Performance Management Intervention on Work Processes and Operational Indicators
- 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. It is difficult to objectively assess what has changed following an improvement intervention. This paper discusses an actual field study undertaken to improve...
- White papers 2001-04-01
- 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
- 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
- Performance Appraisal Vs Performance Management
- Performance Appraisal PA is the process of setting job standards, measuring and evaluating employee performance, and giving relevant feedback to the employees. Performance Management PM is the process used by managers to enable the employees to perform effectively and efficiently. Both PA and PM lead to increase in organizational productivity....
- Presentations 2003-01-01
- Performance Management: Don't Contaminate The Winner's Circle
- The process of evaluation of an employee's performance and development should be such that it is rewarding and productive for all concerned. Employee performance management enables an organization to increase the efficiency of its systems and processes. The paper examines the various aspects of managing ‘human performance'.
- 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
