Overall Insights and Conclusions On Performance Management

Performance Management is a very complex topic which is proving to be a lot much challenging as most businesses are going into administration. The economic downturn continues to cause some critical implications that have forced businesses to make many cuts and introduce strict measures that make almost all work environments a tough place to relax were employees are insecure. The rising inflation of 2008-2012 continues to minimise growth in businesses and organisations causing a great deal of unemployment and understaffed facilities or service providers.


Performance Management always requires money to be initiated and as an on going process it needs new evidence, resources or solutions that will boost the stakeholders and management budget to sustain their businesses. So that they are able to pay wages/salaries to their employees who in turn have to look after their friends and families. Therefore certain strategies have to be executed in order to come up with viable pragmatic solutions to the broken system that needs catalytic(literal) mechanisms that will enable the rejuvenation of the fundamentals to promote a healthy working solution.  However we all have guidelines, rules and policies that we should always abide by as illustrated by the video below;

Organisations therefore need to assist where they possibly can to get and retain the best in order to  achieve their goals and objectives so that either way both ends will benefit from the   results that would be on the mission statement.

Our research is more than a text book based one because its a more thorough and work environment related coursework. The reality of the matter is text books has questions and answers of past and solved experiences. However real life is slightly different and bring many important factors such as individuals of different backgrounds who indulge in different beliefs which will express beliefs that are exhibited/decoded uniquely.(Already this is a challenge without a straight forward answer) Clearly we noted that as far as the recession is concerned ~ If the, "US suffers a cold the whole of Europe will have pneumonia" direct translation is the world developed countries tumbled when the US suffered their greatest recession which started 2008. Performance Management tools are there and will continually be one of the best strategic moves that can and will help resuscitate the concerns that are currently in Europe especially  the Greece government, currently planning to withdraw from the European Union which has seen many millions being withdrawn from banks in and around Greece in a day. Impact of such actions affect everyone same as the topic we are currently discussing, the backlash is chaotic and unpredictable.