MGMT 4440 Essay Example | Topics and Well Written Essays - 1250 words

MGMT 4440 - Essay Example Performance management provides much value to the organization. It helps ensure the goals are met on a timely basis, that people are cooperative with one another and management, and also ensures higher quality outputs. Once performance standards have been established, it can strengthen relationships with managers and employees through results-based rewards if they meet these standards. Basically, for the organization, it ensures that long-term strategic goals are met and the systems are in place that help everyone reach that outcome. For the individual, performance management can give them more perceptions of authority and autonomy in the business. By using systems such as the 360 degree feedback system or the regular annual appraisal, it shows the business values them as a critical resource in the company. It can also strengthen their personal development and training that might lead to promotions or better job opportunities with less management presence if they contribute properly. It can also enhance their problem-solving and communication skills (Tarricone & Luca, 55). Question 2 The term business is behavior means that â€Å"a business succeeds or fails through the performance of all of its employee’s efforts and successes† (authorstream.com, 2). ... Attitude at the employee level is everything in order to gain positive growth in competitive advantage. The unbreakable behavior law are those behaviors that do not change over time that are long-standing values associated with cultural beliefs or strong personal psychological and personality factors. These are part of the person’s overall value system and do not change without major investment from management. Behavior is considered key to quality because so much of the organization relies on human attitude, loyalty, motivation and commitment. For example, an employee who is unhappy with their job role might lead to higher turnover at the company that can cost budget and labor in human resources to find their replacement or correct worker errors. Employees need to be team-focused and responsible and, without these attitudes and behaviors, the company’s reputation could be affected at the customer level. Question 3 Pinpointing is having an exact understanding of the beh aviors or attitudes that the business wishes to change through performance management processes and systems. It is â€Å"knowing in precise detail the behaviors that you want influenced† and how to go about it (quogroup.com, 2). For example, if a company’s long-term goals are to improve training and development, pinpointing is identifying which specific areas need improvement and then establishing systems to make sure this becomes a reality. It is a targeted process that is specific and streamlined to assist managers in development programs. Pinpointing is relevant for performance management because PM is so goal-oriented and related to strategic mission and vision. For example, if the company’s goal is to completely change the information