Using Performance Management Tools to Improve the Functioning Of Your Business
Author: Jerry Ahern
Performance management is a crucial process to implement those strategies that are effective in achieving the overall goals of an organization. An analysis of the internal data is conducted to check the functioning of every business unit and any variations from the company objectives are rectified by using corrective strategies. Analyzing the information requires skills and expertise and using the several performance management tools that help the managers take the necessary steps to ensure the business objectives are met. Every venture, whether new or in existence for a few years, must train its managers in all departments to ensure that employees at every level are functioning well.
Analyzing the functioning of a company is not effective without choosing of the right kinds of tools. In addition to using the services of an expert and experienced trainer to provide the necessary training modules, the companies must use the right tools to improve performance management. The tools that are chosen must be appropriate for the specific requirements of your business because every industry has its own set of performance parameters to determine the efficiency and effectiveness of the companies. While choosing indicators of other businesses is advisable, it is recommended to customize the various performance indicators to match the unique requirements of your organization.
Some of the performance management tools available include self review systems, performance management programs, and standardized models that are beneficial in analyzing the functioning of the various departments and processes within the organization. Using these various options ensures the effectiveness of the various strategies, improved overall efficiency of the business processes, and enhanced competence among the employees at all levels within the company. Using different methods to provide the requisite training is recommended to boost the morale of the participants without making them feel burdened.
After completing the training of the employees, the company must keep a regular track on the effectiveness of these tools in achieving the company goals. This ensures the management is able to review the appropriateness of the training modules, the functioning of the participants and review their performance. In case the results are unsatisfactory, the companies can review their training programs and modify the tools used to improve performance management to achieve the desired outcomes. Combining management reviews with self-evaluation is advisable to make the employees feel comfortable where they are given an opportunity to determine the own performance and identify those areas where improvement is required.
Conducting meetings with the company personnel at periodic intervals is another method that is effective during performance reviews. It is recommended to include a larger group of the employees to make them feel involved and part of the organization. Therefore, including departmental heads, operational heads, and members who hold an important position within the organization during these meetings is advisable. Following this process allows the top executives to conduct an overall assessment of the progress of the organization and sort out any issues faced by the staff members through the various representatives.
Article Source: http://www.articlesbase.com/management-articles/using-performance-management-tools-to-improve-the-functioning-of-your-business-6423175.html
About the AuthorNiko Niko offers effective and efficient performance management tools for companies that want to expand their businesses and improve the overall functioning of their companies. The service provider helps businesses to achieve their goals to improve performance management.
More Resources
Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exitingMore Management Information:
- Group 1
- Group 2
- Group 3
- Group 4
- Group 5
- Group 6
- Group 7
- Group 8
- Group 9
- Group 10
- Group 11
- Group 12
- Group 13
- Group 14
- Group 15
- Group 16
- Group 17
- Group 18
- Group 19
- Group 20
- Group 21
- Group 22
- Group 23
- Group 24
- Group 25
- Group 26
- Group 27
- Group 28
- Group 29
- Group 30
- Group 31
- Group 32
- Group 33
- Group 34
- Group 35
- Group 36
- Group 37
- Group 38
- Group 39
- Group 40
- Group 41
- Group 42
- Group 43
- Group 44
- Group 45
- Group 46
- Group 47
- Group 48
- Group 49
- Group 50
- Group 51
- Group 52
- Group 53
- Group 54
- Group 55
- Group 56
- Group 57
- Group 58
- Group 59
- Group 60
- Group 61
- Group 62
- Group 63
- Group 64
- Group 65
- Group 66
- Group 67
- Group 68
- Group 69
- Group 70
- Group 71
- Group 72
- Group 73
- Group 74
- Group 75
- Group 76
- Group 77
- Group 78
- Group 79
- Group 80
- Group 81
- Group 82
- Group 83
- Group 84
- Group 85
- Group 86
- Group 87
- Group 88
- Group 89
- Group 90
Related Articles
Communication: Managements Responsibility
I've just watched, again, an episode in the Back to the Floor television series, which aired on the BBC (United Kingdom) and PBS (United States). Once more, communication turned out to be a key issue, as it often does in business stories.
Creativity Management and Behaviour
What behaviour maximises the chances of thinking of great ideas? What behaviour maximises the ability to nurture ideas until they begin to reveal their potential?To begin answering the above questions we will briefly explore five areas:a) Creativity versus innovation. It is correct that the above questions are separated, as they refer to two distinct disciplines - defining problems and generating ideas (creativity) and selecting those ideas, developing and then commercialising them (innovation).
Coaching Can Get The Boss In Shape
Who tells the boss that they can improve their management or leadership? How do they look at themselves objectively and identify what areas they can improve and the benefits of doing so?These days many people have become more aware of the need to look after their bodies and their health. Not only do many join gyms or start participating in sports regularly - a number are using personal trainers.
Tales From the Corporate Frontlines: Diversity in the Workplace: Ethnic Considerations
This article relates to the Diversity in the Workplace Competency, commonly evaluated in employee satisfaction surveys. This competency explores whether your organization provides understanding and supports interaction among diverse population groups while respecting individuals' personal values and ideas.
Year 2010: Permanent Employees No Longer Required
Jack Welch joined a conference that was held in Duke Fuquay Business School where he was invited to promote his new book called "Winning". He told audience about how culture is important in a company.
Innovation Management - what are the practical impediments?
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation.
Is Busyness Affecting Your Business?
I'm too busy; I'd love to but I'm very busy; I'll get round to that when I'm not so busy.How often have you said any of those phrases? How many times a week do you hear someone else say those phrases? They're very common and busyness seems to have become a way of life for many people.
How Invisible Communication Barriers Kill Productivity
Many kinds of interferences or disturbances can confuse a message. Communication specialists call them ''noise.
Business Opportunity - Leverage Your Employees!
As a business asset, they don't sit well on the P&L statement. They aren't valuable like a piece of machinery, or an office block.
Top Ten Things About Creating a Business Vision
To visualise where you are going, is deeper and more sensory than anything you have ever done before. And these are the skills of those who are able to create a vision you can really live and breathe.
He Hate Me: Turning Their Bad Attitude Into Your Great Results
"He Hate Me" was the nickname of Rod Smart, a leading rusher in 2002 for the Las Vegas Outlaws of the now defunct XFL pro football league. Looking for an edge, the XFL allowed players to put nicknames on their uniforms.
Improve Operations by Restructuring
Transitioning from Vertical Hierarchies to Decentralized / Flatter OrganizationsThe need to restructure for traditional, bureaucratic firms is essential in the fast paced, dynamic business world today. Team-based organizations are largely successful in having all of the people in the firm feel accountable and responsible for the operation and success of the enterprise, not just a few people in senior management positions.
The Truth?
The pure and simple truth is rarely pure and never simple. Oscar Wilde The truth.
How to Get Your Procedures Project Done
Wouldn't it be nice for business owners and executives to be finished with their policies and procedures project already? They know they need to get it done, but maybe it's taking too long. Or perhaps their people are staring at a blank piece of paper, and they don't know where to begin.
Keys to Feeling Powerfull In An Uncertain World
Life has always been full of uncertainties. Over the last several years with downsizing, bankruptcies, scandals, crime, the economic environment, and the threat of war, people are feeling power-less, fearful, and stressed about their present and future lives.
Crisis Management Tips
The term crisis management has different connotations. In this article, I will try to provide pointers that can be used in most situations:Is It A Crisis In The First Place?:This question is important to ask, as there are many situations that go wrong because the right person to handle it is not around.
Focus Leads To Nonprofit Success: Is Your Organization Rowing or Drifting
Picture yourself standing on the bank of a river watching a rowing competition. Carefully watch the crews.
How To Decrease Downtime and Increase Productivity
All maintenance activities of the workforce must be documented, this includes breakdown repairs, callouts, preventive maintenance, replacement maintenance, overhauls, and Testing & Inspection work. Maintenance work by production line employees must be included, whether or not the employee is listed as in maintenance.
Tales From the Corporate Frontlines: Managerial Influence
This article relates to the Manager/Supervisor competency, commonly evaluated in employee satisfaction surveys. This competency evaluates an employee's feelings regarding their direct manager or supervisor.
10 Ways To Maintain Profits In A Slow Economy
1. Sell more back end products to your existing customer base.