Management & Methods
Why Performance Management Fails to Deliver Performance?
Performance management serves three core functions for enterprises: the ladder to the top, the catfish effect, and the driver. The ladder to the top refers to a mechanism that allows employees to rise from the bottom to CEO. Without performance appraisal, promotions are based on favoritism or relationships, leading to internal politics and talent waste. The catfish effect creates healthy competition and pressure, activating employees' potential. The driver ensures strategy implementation and accountability. However, many companies fail to realize these benefits due to poor design, execution, and application of results.
张庆西