Spring-2016 Get solved assignments at nominal price of Rs.125 each. Mail us at: subjects4u@gmail.com or contact at 09882243490 Master of Business Administration- MBA Semester 4 MU0016-Performance Management and Appraisal (Book ID: B1868) Assignment (60 Marks) Note: Answer all questions must be written within 300 to 400 words each. Each Question carries 10 marks 6 X 10=60. Q1. Explain the aims and purpose of “Performance management’’? Aims of Performance Management - 5 Purpose of Performance Management - 5 Answer. A “performance management system” refers to the continuous process of observing, measuring, and developing performance in the organization by means of linking each employee’s performance and objectives to the organization’s overall mission and goals. The aim of performance management is to align organisational objectives with the skills, performance goals and competencies of employees. It involves creating a workforce that has an understanding of what is to be achieved at the overall organisational level. Q2. Define performance appraisal. What are the dimensions of performance appraisal? Describe the characteristics of performance appraisal. Answer. Describe the characteristics of performance appraisal - A performance appraisal is a systematic and periodic process that assesses an individual employee's job performance and productivity in relation to certain pre-established criteria and organizational objectives. Planning is a key component of managers' job functions. They design and devise ways to improve their companies and departments. However, factors inside and outside the company can affect managerial planning for better or worse. Performance management is the systematic process by which an agency involves its employees, as individuals and Q3. Explain 5 traditional and 5 modern methods of performance appraisal. Traditional and modern methods of performance appraisal - 5 Answer. Traditional Methods: 1. Ranking Method: It is the oldest and simplest formal systematic method of performance appraisal in which employee is compared with all others for the purpose of placing order of worth. The employees are ranked from the highest to the lowest or from the best to the worst. In doing this the employee who is the highest on the characteristic being measured and also the one who is L lowest, are indicated. Then, the next highest and the next lowest between next highest and lowest Q4. What is performance feedback? List any 3 important principles of feedback? Explain some of the pitfalls of performance feedback? Answer. Meaning of performance feedback - The performance feedback process is ongoing between managers and employees. The exchange of information involves both performance expected and performance exhibited. Use of performance feedback - You're cold! Now you're getting warmer! You're HOT!" Even children playing the popular "Hot or Cold" game know that to perform well (find the hidden object) people need to be told how they're doing. Without feedback, you're walking blind. At best, you'll accidentally reach your Q5. What is meant by “360 Degree feedback”? Explain its purpose. What are the advantages and disadvantages of 360 degree feedback? Answer. Meaning of 360 degree feedback – 360 Degree Feedback is a system or process in which employees receive confidential, anonymous feedback from the people who work around them. This typically includes the employee's manager, peers, and direct reports. Purpose of 360 degree feedback - A common question that we hear is “should we use 360 degree feedback to do that or performance reviews?” Well, that depends on what you are doing. Are managers expected to conduct performance reviews on their employees? Is this an official review? Or do you want Q6. Write a brief note on Ethics in performance management. Answer. Importance of ethics in PM When it comes to project management, ethics are extremely important in gaining the support of the project team. Ethics are defined as the moral values, beliefs, and rules that one upholds in their life on the job and personally to ensure right from wrong. Ethical Issues There are a number of different components of managing a project. While conducting project management, profit and staff motivation are often paramount. However, a project manager must also Spring-2016 Get solved assignments at nominal price of Rs.125 each. Mail us at: subjects4u@gmail.com or contact at 09882243490
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