Report on Performance Management Essay Example | Topics and Well Written Essays - 3000 words

Report on Performance Management - Essay Example The report will cover the definitions of each link and the transitional aspect portrayed in management process undertaken by the firm. This report is an application of theoretical course work into practical work. Performance management is a continuous process which never ends. Once incorporated in an organization, it forms part of the culture of that enterprise. The process involves six closely related components namely; prerequisites, performance planning, performance execution, performance review, and performance renewal and re-contracting. Each of the above components requires thoroughness in implementation. In the event of poor implementation of any of the above, the entire performance system suffers. This is why it is eminent for links to be established between the components. Some of the recommendations suggested to performance in Omega Inc. include; management and the employees should together identify the necessary tasks to be accomplished and the mode of action necessary to ensure success. This involves the prior analysis of the anticipated results and the appropriate behaviours required to accomplish those tasks. The objectives should be mutually agreed between the organization management and the employees. ... Excellent performers should be encouraged through concentrating on their strengths and enlightening them on how they can capitalize on their strengths to improve performance. In conclusion, the consequences suffered due to the failure of the performance management process in the case study indicated that the process is a strategy that systemizes and manages the impact of all contributing factors that influence the organizational productivity and performance. The analysis of Omega Inc. has provided the practical facts that involve the transition from one link to another as stipulated in the basics of the performance management process. From the above discussion on the case study, it is clear that for any performance management process to be successful, everyone in the organization should be involved; not just the sale representatives or managers. Contents Executive Summary 1 Contents 2 Topic Background 4 The Case Study: Performance Management Process in Omega Inc. 5 Discussion 5 Perfo rmance management links 5 Prerequisites 5 Performance planning 7 Performance Execution 8 Performance Assessment 9 Performance Review 10 Performance Renewal and Re-Contracting 11 Conclusion 12 Recommendations 12 Robbins, S.P. (2012). Management, Pearson Australia, Frenchs Forest, N.S.W. p. 444. 15 Report on Performance Management Performance management is a continuous process of measuring, identifying, developing and aligning the performance of teams and individuals with the organizational goals. The process involves six closely related components namely; prerequisites, performance planning, performance execution, performance review and performance renewal and re-contracting. Each component of