Performance Management assignment Essay Example | Topics and Well Written Essays - 2500 words

exercise Management assignment - Essay Example7-8 Etisalats organizational Policies..... 8-10 Conclusion ... 10-11 Recommendations Improving Performance Management 11-12 Abstract This study look fors the significance of performance focus to the embodied life of Etisalat, leading telecommunication and internet industry of united Arab Emirates (UAE). Probing on its business management and its contribution to global development, researcher used empirical data to investigate, hand conclusions and make some recommendations on the state of Etisalat performance management. Introduction Performance management (PM) relates about systems on business management and the government of its human resource to attain integrated goals and objectives by strategically directing the delivery of services to supplement in a fast evolving market for want of satisfaction. As global market is evolving in conversion and in complex dynamics, its imperative for corporation to develop corporate strateg y, manipulate goals, conduct unremitting assessments, seize opportunities for improvement, and fire motivations to sustain its corporate life (Armstrong, 2009). In such context, this research aims to critically explore Etisalats performance management as a leading telecommunication caller-up in United Arab of Emirates (UAE), correlate its significant contribution to global market, determine the imperatives it adopted to be competitive and resilient from risks, and to draw recommendations to improve companys performance. Researcher used accessed online documents and other related resources in the conduct of this study. Performance Management defined Performance management is about identifying, measuring and adopting strategic mechanism to align companys plans with its vision, mission, values, specific goals and translate them into corporate operation. It includes conduct of evaluations, either formal or informal, such as appraisal and constructive feedback mechanism to determine companys strength, weaknesses, opportunities and strength. As a process, PM deals with structures and systems to set criteria and specify roles to motivate human capital in the performance of tasks, reach targets, earn rewards and enjoy stipend with self-esteem. The company may conduct continuing knowledge or skill transfer or trainings to enhance their competence. Since corporate management deal systems, communications and reporting argon essential for mutual understanding, coordination, interpersonal convince of opinions and problems as well as sense of uniformity of thoughts about the nature of their jobs. On the other hand, since PM is about human resource management, organizational goals must be understood by staff changes are facilitated salary and rewards scheme are commensurate to expected result and company is protected from legal impediments. issue system may include contingency pays to intentionally discourage turn-around rates of good employees and to develop corporate culture on excellence. Absence of corporate system and mismanagement de-motivated workers, pull them out of goals, estranged employee-employers transaction and such absence of purposefulness will burn them out (Delaney & Huselid, 1996). The company will suffer spunky turn-around rate, risks and conflicts would