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The performance management process includes performance evaluation. Based on corporate goals and objectives, it is an assessment of the actions and output of the particular employee. The evaluation's goal is to match each person's performance with the company goals and objectives.
What is management?
No matter if it's a for-profit company, a nonprofit group, or a government agency, management (or managing) is the administration of the organization. Resource management for a corporation is both an art and a science.
Setting an organization's strategy and organizing its workers' (or volunteers') efforts to achieve its goals through the use of resources like money, the environment, technology, and people are all included in management. In management, the terms "run the business" and "change the business" are used to distinguish between continuing to provide goods or services and tailoring those offerings to accommodate consumers' shifting demands. Those who oversee an organisation are referred to as managers when we use the term "management."
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is an evaluation of the performanc is the management function of creating a vision for the organization and guiding, training, coaching, and motivating employees to help achieve the goals and objectives of the organization. level of employees against established standards to make decisions about promotions, compensation, additional training, or termination.