ENTREPRENEURSHIP

Detailed explanation-1: -Performance standards should be objective, measurable, realistic, and stated clearly in writing (or otherwise recorded). The standards should be written in terms of specific measurers that will be used to appraise performance.

Detailed explanation-2: -Performance measurement should be treated as an integral part of any planning process from the outset and should be built into any plan or project that has clear goals and objectives.

Detailed explanation-3: -Performance standards are essential because they provide context for how employees should perform. This makes it possible for the employer and employee to have frank conversations. It also describes how specific employees can achieve company goals. For instance, communication might be one of the performance guidelines.

Detailed explanation-4: -Measuring employee performance helps calibrate those goals by providing insight into where someone is doing well and could be stretched and areas that are not a strength yet. Based on performance feedback, self-reflection, and business needs, employees should set their own goals – not the manager or the company.