This paper tells that performance management is the cyclic process aimed at performance improvement like the achievement of business objectives. It includes activities to ensure goals are being met consistently, effectively and efficiently. It can focus on the performance of the organization, the process to build a product or service, employees and department. Performance management is mostly used on workplace but generally applies wherever people interact ranging from schools to governmental agencies. Performance management principles are needed wherever people interact to generate the desired effects. Armstrong and Baron state that it is the strategic and integrated approach to increase the effectiveness of organizations by performance improvement of the people who work in them and by developing team capabilities and individual contributors.
It is, therefore, possible for the employees to reconcile personal goals with organizational goals. It is a possibility for one to turn any marginal business and increase productivity and profitability for any organization or business premise with the transparent and hidden forces embedded in this process. It can be applied by an organization, single department as well as an individual person.
It is a natural self-inspired performance and appropriately named as the self-propelled performance process. The self-propelled performance management is the fastest method for career promotion. It also is the fastest way to achieve career advancement and progress, the best ingredient for career path planning; and gives inspiration. This is because it gets people moving, makes them self-starters in utilizing own talents and initiative; fastest and surest way for increased motivation, growth, productivity, profitability and performance for both the individual and the organisation; best career builder and booster; best automated method for organizational change, performance, development, growth and profit; best integration of human behavior research findings, leadership, with the latest management and organizational development principles; and the complete and sophisticated application of performance management.
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