3. Performance Management

Performance management is the process of assessing and improving the effectiveness of an individual or organization. It involves setting clear goals, measuring progress, providing feedback, and encouraging growth. The aim is to align individual performance with broader organizational objectives. By regularly reviewing performance, it helps identify strengths and areas for improvement, ensuring that everyone is working towards common goals. This ongoing dialogue fosters professional development, enhances productivity, and ultimately contributes to the success of the organization as a whole.