GENERAL KNOWLEDGE

Detailed explanation-1: -The areas you need to look at are: Your market performance and direction-how well you are performing through your sales results, which markets to aim for next and how to improve your performance. Your products and services-how long your existing products will meet your customers’ needs and any plans for renewal.

Detailed explanation-2: -There are four stages to consider when it comes to implementing a performance management cycle: Plan, Monitor, Reward and Review. In the planning phase, managers and employees will sit down together to set performance expectations and goals for groups and individuals.

Detailed explanation-3: -Measuring and managing organizational performance as well as improving performance in business can be viewed and analyzed on 3 different levels. These levels are: organizational performance, team performance and individual performance.

Detailed explanation-4: -Evaluating Performance Management Software As I mentioned before, a performance management system (PMS) has three essential elements: goal setting, performance review, and performance improvement. Performance improvement is the process of implementing a plan to directly increase employee productivity.