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DESCRIPTION
Performance Management (also known as Business Performance Management, and Strategic Performance Management, and Enterprise Performance Management, and Corporate Performance Management) is a Strategic Management approach for monitoring how a business is performing. It describes the methodologies, metrics, processes, systems, and software that are used for monitoring and managing the business performance of an enterprise.
Performance Management includes activities that ensure the organization’s strategic and operational goals are consistently being met in an effective and efficient manner.
It can focus on the performance of an organization, a department, employee, or even the processes to build a product or service, in addition to other areas. Many people mistakenly equate Performance Management with Performance Appraisal—these are different concepts
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Source: Best Practices in Performance Management, Strategic Management PowerPoint Slides: Performance Management Primer PowerPoint (PPT) Presentation, PPT Lab
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