Performance-management principles are used most often in the workplace and can be applied wherever people interact with their environments to produce desired effects, such as health settings. How performance management is applied is important to get the most out of a group, and can improve day-to-day employee performance.
It must not encourage internal competition, but teamwork, cooperation, and trust
Performance management aligns company goals with those of teams and employees to increase efficiency, productivity, and profitability. Its guidelines stipulate the activities and outcomes by which employees and teams are evaluated during performance appraisal.
Many types of organizations use performance management systems (PMS) to evaluate themselves according to their targets, objectives, and goals; a research institute may use PMS to evaluate its success in reaching development targets.
Complex performance drivers such as the societal contribution of research may be evaluated with other performance drivers, such as research commercialization and collaborations, in sectors like commercial agriculture.
A research institute may use data-driven, real-time PMS to deal with complex performance-management challenges for a country developing its agricultural sector