Performance Management Systems and Strategies

DEVELOPING COMPETENCIES FOR EFFECTIVE PERFORMANCE MANAGEMENT

Successful managers in the new millennium need to balance the demands of multiple and diverse stakeholders such as members of their own team, colleagues from other units in the company, external partners, customers, shareholders and convince them about the companies’ core competencies. Without this, companies are likely to lose their focus, and the resultant poor performance. Working in the e-economy is challenging, managing there is even more so. HR as well as top managers must identify the right characteristics required for recruiting in the new economy. Apart from the regular requirements, organization needs to keep an eye for soft skills, which are essential for success in the disruptive ...