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One of the earliest and most famous performance management models has been the Management by Objectives (MBO). It is based on a theory of management developed by Peter F. Drucker in his book Practice of Management (1954). Essentially, in summary, MBO is a performance management system in which the manager and employees develop areas of… Continue reading MBO – Are Frontline Workforce Team Objectives Met?
Jack Welch, was the Chairman of General Electric and is acknowledged for building GE into one of the most successful companies in the world. During the 1980s and 90’s he was responsible for 30x growth of GE’s market value from $ 14 billion to $ 410 billion. He built the performance culture in GE using… Continue reading Performance Value Matrix -What about Frontline Workforce?
The competency-based Model is one of the popular models of Performance Management. Adopted by many organizations for its diverse applications. Competency-based model is very simple. It measures the improvement of the employee’s behavior against his past competency evaluation. Measuring the improvements against the actions taken by the employee over a period of time that led… Continue reading Competency-Based Model of Performance Management – Competent for Frontline Workforce?
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