Assignment task: You have been hired as a Consultant by an organization to advise them on their Performance Management (PM) System and how it is related to their Strategic Business Objectives (SBOs). The Chairman of the Board of Directors or the superiors of your organization has asked you to specifically advise them along the following lines:
A. What is Performance Management?
B. Why Performance Management is important?
C. Differentiate between Performance Appraisal and Performance Management?
D. How is Performance Appraisal linked to Performance Management?
E. How is Performance Management related to the organization's Strategic Business Objectives SBOs?