A comprehensive performance management system will be thorough, inclusive, practical, meaningful, reliable, open, ethical, and correctable among other qualities (Aguinis, 2013). Additionally, the process of managing performance will be an ongoing process to include processes such as coaching and employee development. An ideal performance management system will serve an organization by developing satisfied and competent employees who are actively engaged in aiding the organization to reach their strategic goals, mission, and vision. Consideration of an ideal performance management system for a college of business shall be discussed to include the organizational strategy, systems, implementation factors, and employee development components.
The primary objective of performance management is to assist organizations to achieve their strategic goals (Aguinis, 2013). These strategies initiate from the organizations vision and mission statements (Johnson, 2013). The performance management system, if effectively developed, will join unit and individual goals with the overall organizational goals so that all parties are working to achieve the same purpose (Aguinis, 2013). An additional benefit can be derived from the performance management plan because it serves to secure employee engagement in the organizational objectives (Aguinis, 2013). At the College of Business, the organizational purpose, vision, and mission are modified to adequately serve these objectives.
The College of Business is committed to success. The success of students is a primary focus of this organization as a school of business. As an AACSB accredited college, the organization stands well positioned to ensure that students succeed in business after their tenure with the college. The college is also committed to “excellence, integrity and professionalism” (University of Cincinnati, 2013, p. 6). It is essential that everything the college does upholds the highest degree of ethical standards and is in consideration of others. The college also seeks to promote innovative thinking in its practices as well. Additionally, the college is committed to developing lasting relationships with stakeholders that will serve to benefit both parties (University of Cincinnati, 2013).
The vision statement of the College of Business is “we are in the business of building successful futures” (University of Cincinnati, 2013, p. 1). The Dean will notify audiences that this simple statement is broad in scope. The vision is not simply to build successful futures for the students served, but this vision extends to all stakeholders. This vision serves to place the responsibility on everyone within the college to ensure that what they request, perform, or expend should result in success for any number of stakeholders. In other words, it ties the daily tasks of employees to the organizations objectives (SHRM, 2012). The...