Performance management is considered an effective approach for evaluating employee’s performance in a certain company or workplace. There are some general assessed area’s which depicts worker performance and it includes ability to complete task, organizational and management skills, intelligence, efficiency, work speed, relationship with others, future goals and many others. Due to its immense importance the human resources experts and psychologists have developed various systems which will assist in performance assessments.
The general methodology which is observed in many companies is that the review is carried out by the member of the management committee or a person whose position is higher than the employee being assessed. He can do this by merely doing simple discussions or take help of technology and do statistical evaluations with the help of graphs and set certain benchmarks to see how employee is completing his duties. He can make a check list or take a main incident while doing evaluation or make notes of employee’s current proceedings and work efficiency. (more…)
Change management refers to a systematic approach that deals with changes implemented considering organizational viewpoint, as well as the individual. Change management should be for meaningful planning and sensitive implementation, and consultation and involvement of the person that may be affected by the changes. The forcefully applied changes give rise different issues. (more…)
Gantt chart as the name indicates was developed by Henry Gantt in the decade of 1910. Gantt chart is basically the chart which reflects and depicts the schedule of a project. This chart is all about the details and description of the dates at which the project was started and was finished. In addition to this, the chart also depicts the summary elements as well as the terminal elements of the project which is brought under consideration. This illustration, in Gantt chart, is further supported by the dates at which the project started and ended and all the important events which took place during that tenure of the project are also marked. The two most important and pronounced features of Gantt chart are the summary elements and the terminal elements of the project.
SWOT is a state art tool to evaluate potential strengths, weaknesses, as well as opportunities, and threats of an organization. This analysis can show potential business development as well as possible internal and external business environmental changes. Mr. Andrews, professor of Harvard Business School, introduced this innovative tool for comprehensive and long term analysis of business in 197l. It proved to be a significant and helpful tool in order to evaluate areas of development for strategic management. SWOT analysis facilitates and equivalents to analyze the strength and weakness present in the internal environment and the opportunity and threat present in the external environment. (more…)
SWOT analysis is very useful strategy that is implemented in every type of project. It is mainly used to find out the strengths and weaknesses in the project or in the industry or in people. It is also used to find out the opportunities and threats in a system. This analysis is mainly used in businesses. Using the SWOT analysis on the person will help him develop his career and his talents. This analysis is helpful for everyone and for every company. Using SWOT analysis for a company will help you to gain the market value because it identifies the threats and opportunities in the system. (more…)