Peel Memorial Hospital

In: Business and Management

Submitted By charlottetachu
Words 1224
Pages 5
Abstract
All business entities, regardless of its objectives, struggle to reach its set objectives with its current and future employees. Unfortunately, profitable results are only attainable if and only if, every employee within the business has the skills, talent, and share the same strategic goals as the organization. In addition, every employee must comprehend how to achieve their individual goals to become an effective employee. In order for an organization to effectively manage its employee’s performance, the organization and each individual must set goals and develop improvement plans to become better at their current job. The success of the company depends on it. With that being said, Peel Memorial Hospital developed a plan that optimized the organization so that it could meet its desired performance goals. Performance Management
Performance management causes flaws in any company, with employees and managers constantly complaining about the ineffectiveness of these systems they miraculous improve company and employee performance. On the other hand, most employees and management feel that performance management systems are poorly designed and lack the ability to establish clear performance goals. In addition, mangers feel that performance systems generate honest feedback. What this means is that most managers and employees feel like they are an evil part of working that should be eliminated rather than a critical procedure that help achieve individual and organizational success. Furthermore, the overall purpose for a performance management system is to consider organizational needs, culture and how integrating the system ties into the organization’s strategy and goals. With that being said, this paper presents a synopsis of Peel Memorial Hospital and their issues with implementing the Balanced Scorecard to achieve organizational success.
Brief…...

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