Performance Management Systems

Abstract

Over the years, globalization has rapidly leveled the playing field for business operators, blurring the previously existing lines characterized by distinct operations attributed to the acquired comparative advantage. Additionally, with competitors bridging such features of differentiation, it is worthwhile for the company management to scrutinize their alignments of the vision, mission and core values to sustain their strategic relevance to the organizational performances.

With revenue generating avenues hard to come by, the organization management must generate and sustain congruence between the business strategies and its human resource strategies. Organizational success demands embracing competency management frameworks through the implementation of performance management systems (PMS) within the organizational structures to avert sub-optimization of organization goals. The ability of the organization to attain desired objectives relies on the leadership influence in selecting ideal tools that match with the circumstances it faces by incorporating PMS throughout its structures.