A2-Yuki Zhou.docx - Assessment 2 BSBMGT502 Yuki Zhou Yuqi...

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Assessment 2 BSBMGT502 Yuki Zhou
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Yuqi Zhou 14652
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Yuqi Zhou 14652
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Yuqi Zhou 14652 . Q1. What are the two types of improvement pertinent to performance management? Give an example for each. . Good performance management should empower and inform people so they can make better decisions: decision that make a difference to performance and results. Ultimately for your customers and a financial difference. . Poor, excessive or simplistic performance management costs organizations money: In the worst cases creating dysfunctional behavior; in other cases with managers spending excessive time managing decisions that others could take, and missing the opportunity to take the wider picture. . Effective management of strategy and strategic performance management, ensures we bring about change and improvement, and ensure we do the right things, in the right way, for the right reasons. . Ultimately you can create a more responsive and agile organisation:one that avoids being caught when the outside world changes; one that can learn and respond more effectively when you do need to change. . . Q2. Define performance appraisals and explain how they are identified as opportunities for development within the firm. . Performance Appraisal is the systematic evaluation of the performance of employees and to understand the abilities of a person for further growth and development. . . Performance appraisals can benefit employees and organizations by clarifying goals and expectations, and creating an environment of open communication. The best performance
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Yuqi Zhou 14652 appraisals offer positive feedback and advice for improvement, and typically consist of a conversation between management and the employee. . . Q3. Explain the relationship between performance and employee attributes in achieving performance targets. . Performance measurement and target-setting are important to the growth process. While many small businesses can run themselves quite comfortably without much formal measurement or target-setting, for growing businesses the control these processes offer can be indispensable. . . Q4. List 5 methods management can use to improve the analysis of performance metrics divisionally or within the firm. 1. Measure Marketing Effectiveness: Effective measurement lays the groundwork for future plans, so keeping track of results is the only way to improve your marketing efforts. The key is determining which data should be collected. Your marketing results
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