Performance Management CH 6
Performance Management CH 6
Performance Management CH 6
1710522061
Management
SUMMARY CHAPTER 6
PERFORMANCE MANAGEMENT
Performance management is a process that enables the MNE to evaluate and continuously
improve individual, subsidiary unit and corporate performance, against clearly defined, pre-set
goals and targets.
Frequency of appraisal
In practice, formal appraisal is commonly on a yearly basis, and this appears to extend to
international
performance systems, even though the domestic-oriented literature on this topic recommends an
ongoing combination of formal and informal performance appraisal and feedback
Performance feedback
feedback of the appraisal process. One of the problems with annual appraisal is that employees
do not receive the consistent frequent feedback considered critical in order to maintain or
improve their performance. The performance literature also suggests that regular feedback is an
important aspect in terms of meeting targets and revising goals, as well as assisting in motivation
of work effort. The difficulty for the expatriate who is being evaluated by a geographically
distant manager is that timely, appropriate feedback is only viable against hard criteria.
Appraisal of HCN employees