How to create a definition of performance.How to identify the determinants of performance and the influential factors associated with performance.The difference between task and contextual performance.The appropriate approach to measure performance.How to develop accountabilities, objectives, standards, and competencies for performance.How to develop comparative and absolute performance measurement systems.

Answered: How to create a definition of…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

How to create a definition of performance.
How to identify the determinants of performance and the influential factors associated with performance.
The difference between task and contextual performance.
The appropriate approach to measure performance.
How to develop accountabilities, objectives, standards, and competencies for performance.
How to develop comparative and absolute performance measurement systems.

Expert Solution

Step 1 INTRODUCTION

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The objective of performance management is to clearly understand the goals and beliefs of the organization. Performance management is helpful in increasing employee engagement and also helpful in uplifting productivity depending upon the performance of the employee.