Organisation's Performance Management Assignment Sample

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INTRODCUTION

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The performance management and control system are the main aspects of the business which helps in improving the performance of employees. The system can collaborate with the managers and workers to work for the accomplishment of same goal. However, this can boost the value of the workers to stay aligned with the work performance. The performance management has linked with the sustainable friendly practices which are essential for long term success. 

Should performance management prioritize profit or purpose?

The performance management is a kind of tool which can help in monitoring manager and evaluate the employees work. The main goal is to create an environment so people can perform at their best abilities with the goals of organization. The performance management mostly used in the both sectors private and public, this is the main key factor of the sectors. The main purpose of the effective performance management is for the workers to understand the work which has been expected from them (Pfister, Peda and Otley, 2023). The organizations performance can be used for increasing and measuring the success of the business. Some of the business poses the main threat of the environment since few of them can support the sustainable practices. The business can trigger the environment and damage them which cause the environmental disaster.

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The performance management can offer the job role which helps in maintaining performance via the regular feedbacks and reviews (Mousa and Othman 2020). This needs a clear communication process which can include the factors such as setting objectives, expectation, know the goals, review the result and provide the feedbacks. The performance system can track the performance of the workers with the measurable and consistent. The performance system of the organization helps in the tract about the organizational performance and identifies the concern and action which need to be addressed. The performance system can control the particular aspects of the goals of the organization; this can increase the overall system effectiveness. The main factor for the organizational performance is to the link with progress, process and the company as whole. The control system and performance management both focus on the profit because the profit comes with the overall success of the organization which is important aspect. The main purpose is to focus on the sustainable practices which are essential for the organization according to the government regulations. This is important for the organization to achieve the both the factors and work in the both. There are number of approaches and strategies to work on performance management system. These strategies work with the performance management system which can be simplify the procedure.

Organisation's Performance Management Assignment Sample

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The main purpose of the performance management

Accountability

 The performance management which focuses on the accountability and focus on the workers against standards. The system can work in the good manner because the workers know the expectation and are highly motivated to achieve the goals and standards. This is important to establish the standard of the work, which can help organization to perform the well-defined goals (Varma, Budhwar and DeNisi, 2023). For instance, with the 20 professionals in the sales are doing the same work and job so organisation can start the standard level of the performance. The performance management also useful for the providing the information which can be utilise for the administrative decisions of the workers. This can include the promotions, salary adjustment, employee’s potential, poor performance and layoffs and increase the merit.

Development

 The development within the performance management which focused on the engagement surveys, continuous feedback and main focus on the performance strategy. The main concept behind the development is about the workers they don’t need get forced for the performance, the workers just have to perform well and need to be make sure about the development (Yildiz and Esmer, 2023). This can improve the need for the team work, agility, creativity and self-direction and create a modern work place.

Alignment

The alignment demonstrates the ideas which are needed to support the performance of the workers. The organization know the clear articular to get it done, the workers can get it done and make it happen. This is the realm goal of the performance management. The alignment with the eco-friendly practices within the purpose of the organization is essential for the growth.

The issues related to the environment have been increasing which align with the organizational growth and activities. The growth of the organization is aligned with the performance of the organization which can be developed by the improving the purpose and motive within the employees (Harasheh and Provasi, 2023).

Profit centric approach

 This approach can put the business in the financial gains which improve the decision making within the organization (Profit-centric Marketing, 2022). This is the important part for improve the eco-friendly practices within the organization and improve the profitability. Due to the profit the business can focus on adopting the innovation which is beneficial for the competition.

Balance among the profit and purpose

 This is essential part to balance among the profit and purpose which is necessary. The organization can have more profits with sustainable friendly practices (Murphy 2020). The balance is necessary which is aligning with the environmental friendly practices. This approach always work better for the balancing both the factors due to which the organization can have profits.

Risk and challenges

  The benefits of the practices come with the challenges which affect the purpose and profits about the sustainable development. The economical practices can have the on-going environmental crises which are such as air pollution, green gas omission, water pollution etc. The Green economy and social policies of the innovation can enable the use of resources which are improvement in the wellbeing of human, resource efficiently and maintain the natural system. The ESG is the most important for the organization to do the sustainable friendly practices. This can reduce the financial stability and broad the purpose. The organization can face the challenges related to the ability and purpose determined initiatives.

Regulatory framework

 The government has main focus on the sustainable practices which are related to the eco-friendly goals. The report by the GRI has been demonstrated about the practices which are related to the economic, social and environmental friendly practices. The guideline from the GRI is about the sustainable friendly practices which are applied for the companies which are multinational across the various industries. The guidelines is seems to be committed with the eco-friendly responsibilities for the companies. The organisations need to abide with the guidelines and inform the stakeholders about the environmental performances (Tantawy Moussa, Amr Kotb & Akrum Helfaya, 2022). The Guideline from the government with the companies can reduce the risk and improve the build the relationships with the stronger stakeholders. The government bodies can improve the glad of the eco-friendly practices. This is link with the ESG practices which influence the control and performance management.

Environment sensitivity of the industries

 The environment impact on the industries can be determined through the environmental practices. The different kind of industries have the own characteristics which are related to the risk for the both factors such as society and environmental. For the instance, organization in the mining, oil and gas, sectors related to the chemical sector can be associated with the low eco-friendly practices and highest risk of the environment.

The organizational performance management and control system should focus on the both factors profit and purpose. The profit and align with the purpose which includes the factors about the sustainable friendly practices which are crucial part of the any organization. The control system is the process which is used the organization to reach out for the goals. The policies also can help in the directing the actions about the team and members of the company (Pfister, Peda and Otley, 2023). The organizational control is crucial for allow the organization to focus on the control system. This can help the companies to handle the challenges and situations which are unexpected. The performance system can help in track the performance of the measurable and consistent. This system also relies on the technology and methodology to make sure about the organization is aligned with the strategic objectives.

CONCLUSION

By concluding the essay the main motive between the profit and purpose interplay according to the requirement. The organization need to align with the eco-friendly practices with the adapting the performance management. This is essential to balance between the both the factors profit and purpose which can help in increasing the long term purpose success with the eco-friendly practices. The success can be achieved by the making sure about the finical practices and eco-friendly practices within the organization. The both are factors are important for the organization to achieve the success.

References

Books and Journals

• Harasheh, M. and Provasi, R., 2023. A need for assurance: Do internal control systems integrate environmental, social, and governance factors?. Corporate Social Responsibility and Environmental Management, 30(1), pp.384-401.
• Mousa, S.K. and Othman, M., 2020. The impact of green human resource management practices on sustainable performance in healthcare organisations: A conceptual framework. Journal of cleaner production, 243, p.118595.
• Murphy, K.R., 2020. Performance evaluation will not die, but it should. Human Resource Management Journal, 30(1), pp.13-31.
• Pfister, J.A., Peda, P. and Otley, D., 2023. A methodological framework for theoretical explanation in performance management and management control systems research. Qualitative Research in Accounting & Management, 20(2), pp.201-228.
• Varma, A., Budhwar, P.S. and DeNisi, A. eds., 2023. Performance management systems: A global perspective. Taylor & Francis.
• Yildiz, R.O. and Esmer, S., 2023. Talent management strategies and functions: a systematic review. Industrial and Commercial Training, 55(1), pp.93-111.
• Online
• Profit-centric Marketing, 2022. Online. Available through <https://rajeshjain.com/profit-centric-marketing-start-with-email-2-0-and-loyalty-2-0/>
• Tantawy Moussa, Amr Kotb & Akrum Helfaya, 2022. Online. Available through https://www.tandfonline.com/doi/full/10.1080/09638180.2021.1890173