Preview

8 Ps of Marketing

Satisfactory Essays
Open Document
Open Document
373 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
8 Ps of Marketing
Performance management (PM) includes activities which ensure that goals are consistently being met in an effective and efficient manner. Performance management can focus on the performance of an organization, a department, employee, or even the processes to build a product of service, as well as many other areas.
PM is also known as a process by which organizations align their resources, systems and employees to strategic objectives and priorities.[1]
Performance management as referenced on this page in a broad term coined by Dr. Aubrey Daniels in the late 1970s to describe a technology (i.e. science imbedded in applications methods) for managing both behavior and results, two critical elements of what is known as performance.[2]
This is used most often in the workplace, can apply wherever people interact — schools, churches, community meetings, sports teams, health setting, governmental agencies,social events and even political settings - anywhere in the world people interact with their environments to produce desired effects. Armstrong and Baron (1998) defined it as a “strategic and integrated approach to increase the effectiveness of companies by improving the performance of the people who work in them and by developing the capabilities of teams and individual contributors.”
It may be possible to get all employees to reconcile personal goals with organizational goals and increase productivity and profitability of an organization using this process.[3] It can be applied by organizations or a single department or section inside an organization, as well as an individual person. The performance process is appropriately named the self-propelled performance process (SPPP).[citation needed]
First, a commitment analysis must be done where a job mission statement is drawn up for each job. The job mission statement is a job definition in terms of purpose, customers, product and scope. The aim with this analysis is to determine the continuous key objectives and

You May Also Find These Documents Helpful

  • Powerful Essays

    Unit 16 P5 M3 D2

    • 2841 Words
    • 9 Pages

    Performance management is essentially about creating a strong communication with the people around you in your working environment. It helps a manager monitor and assess how well their employees are developing and if they are reaching their goals and targets set. Through this process, a business is able to state from the correlation between good performance management and the success of the organization through their objectives.…

    • 2841 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Performance Management is a process for establishing a shared understanding about what is to be achieved and how it is to be achieved. It is an approach to managing people that increases the probability of achieving success. In regards to the definition, Chick-Fil-A has a consistent and calibrated performance management process. They have been focusing on how to develop enough leaders, fast enough to create healthy growth. Leadership is the main part of the company’s success formula. They have a do-it-yourself leadership development culture.…

    • 765 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    When looking at performance management it can be defined as (1) ‘a process which contributes to effective management of individuals and teams in order to achieve high levels of organisational performance. As such it establishes shared understanding about what is to be achieved and an approach to leading and developing people which will ensure it is achieved.’ We can see from this definition that managing performance is crucial to the overall performance of the organisation and meeting its goals and objectives. This process must then be strategic but also link other aspects of the organisation such as individuals and teams. As defined above, performance management is ultimately about achieving high levels of organisational performance. As managers we must use performance management as a continuous process that aims to improve & develop the individuals in our team. MITIE uses the below diagram to illustrate that the process is continuous. (2)…

    • 1865 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Rien Du Tput

    • 1951 Words
    • 8 Pages

    1. Performance management is an organization wide system whereby managers integrate the activities of goal setting, monitoring and evaluating, providing feedback and coaching, and rewarding employees on a continuous basis.…

    • 1951 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    -To ensure that the performance management process is not a negative and daunting experience that causes and employee to feel useless after it.…

    • 1081 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    An effective performance management plan is the key to developing an engaged workforce and it is usually the corner stone of a successful business. Without performance management plan organization could lose time, money, knowledge and at the end the competitive edge in the market place. A business can be successful for a short period of time in the market but will not survive without having a workforce that is engaged and aligned to company’s vision.…

    • 1890 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    Tapinroete Agri Essay

    • 309 Words
    • 2 Pages

    Performance management is a systematic process that involves the employees as a group and individual that improves the effectiveness of the organisation in accomplishing the mission, vision and goals of the organisation (MSG experts, 2013).…

    • 309 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Four Ps of Marketing

    • 486 Words
    • 2 Pages

    While the forms of marketing are almost as varied as the products themselves,there is evidence that there are some universal rules that are applicable to successful marketing in the retail and some service industries.Studies have found that some of the characteristics affecting consumer behavior that marketers must take into account,due to the influence on consumer purchases are product, pricing, positioning, and placement. What is known in marketing circles as the four p 's.…

    • 486 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Performance management is part o Lean Manufacturing, and even though your company does not belong to manufacturing, we can implement it and get good results. Performance Management is about letting you employees know the health of the company and taking the appropriate actions to prevent a decrease in performance, efficiency, high costs, etc.…

    • 904 Words
    • 3 Pages
    Better Essays
  • Good Essays

    Four Ps of marketing

    • 495 Words
    • 2 Pages

    Ben Sherman is both product-oriented and market-oriented, the company produces a wide product range that appeals to all its target market segments. Products that have to offer are clothing for men, women and children, footwear and accessories. The range includes casual clothes, formal wear, denim, footwear and lifestyle accessories, such as underwear, watches, bags, belts and fragrances. A strong brand image ties the product range together. Ben Sherman uses major fashion shows to launch its collections to the press.…

    • 495 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Performance management systems can be defined as the continuous process of identifying, measuring and developing the performance of individuals and teams. For employees: It may very well cause a lower self-esteem; employee burnt out and job dissatisfaction, damaged relationships and use of false or misleading information. For managers: it could lead to an increase in turn-over; decreased motivation to perform; unjustified demands on managers' resources and varying and unfair standards and ratings. For an organization: it can be seen as wasted time and money; unclear ratings system; emerging biases and increased risk of litigation.…

    • 572 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Performance management is important in a business. It will be in Ms. Luther’s best interest if she uses this performance management plan as management tool to help improve the strategic decisions people make everyday. A performance management plan is basically a set of different management approaches that allow businesses to define and execute their strategy while measuring and monitoring the performance of the employees. A performance management plan will help management in making strategic decisions, measuring performance, and reporting and reviewing performance. The employees should be provided with the proper training and education to be able to accomplish the job that is required of them.…

    • 1795 Words
    • 6 Pages
    Best Essays
  • Powerful Essays

    3prm

    • 2931 Words
    • 11 Pages

    Performance Management is a process that brings together many people management practices including learning and development. It is a process which contributes to the effective management of individuals and teams in order to achieve improved levels of individual and organisational performance and development. Performance management is about establishing a culture where individuals and teams take responsibility for continuous improvement of service delivery and of their own skills, behaviour and contributions. It is therefore a strategic process, long term in…

    • 2931 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Performance management is important for an organisation to monitor so it allows individuals to know what is expected of them by the organisation they work in and so they know what they need to do to help the organisation to be a success and for them to participate towards that success. It is also necessary for the organisation to monitor performance management so they can check on an individual’s performance and to see if there performance needs to be improved and what action is needed for that individual to improve themselves. Furthermore performance management can also be used to improve an individual’s job satisfaction and so they can reach their full potential not just for their own benefit but for the organisation they work for.…

    • 1917 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    “It has been long recognized that performance measurement and management is critical for the effective and efficient management of any business. PMM facilitates effective control and correction by reporting the current level of performance, and comparing it with the desired level of…

    • 4330 Words
    • 16 Pages
    Powerful Essays