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Home > QFINANCE Dictionary > Definition of performance management

Definition of

performance management

General Management

helping employees to be successful the facilitation of high achievement by employees. Performance management involves enabling people to perform their work to the best of their ability, meeting and perhaps exceeding targets and standards. For successful performance management, a culture of collective and individual responsibility for the continuing improvement of business processes needs to be established, and individual skills and contributions need to be encouraged and nurtured Where organizations are concerned, performance management is usually known as company performance and is monitored through business appraisal.

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Definitions of ’performance management’ and meaning of ’performance management’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’performance management’ and other financial terms with our online QFINANCE Financial Dictionary.

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