Performance Management (VCE SSCE Business Management): Quizzes

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Performance management
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What is performance management primarily used to enhance?

Organisational, functional & individual

Who developed Management by Objectives (MBO) and in what year?

Peter Drucker, 1954

What is the second step in the MBO six-step process?

Define employee objectives

In SMART objectives, what does the 'M' represent?

Measurable

What characterises informal performance appraisals?

Immediate oral or written feedback

What is a key benefit of self-evaluation for employees?

Increases motivation to achieve targets

Who provides feedback in a 360-degree multisource feedback process?

Managers, colleagues, subordinates, customers

When does the mid-year checkpoint typically occur in the annual performance cycle?

May/June

What is the key advantage of MBO?

Clarity of expected objectives & standards

How should performance appraisals function within a comprehensive management system?

As ongoing processes

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