Performance management - Implementation of Balance Scorecard

The new technologies have brought so much advancement in the business and financial market . This has also brought a paradigm shift for the business sector . Business sectors have now time to build stronger relationships to the customer and to the employees as well (Gates 1999

In the world of industrialization and modernization , business organizations are adopting various technologies which might help the management achieve its goals and objectives . The use of information system in every business function is very rampant . No matter what type of business establishment that is - manufacturing , accounting

, marketing and other government and non-government agencies , they are into the implementation of an information system . In the human resource department of an organization , an information system helps in the maintenance of records , s and information which can be used for employee evaluation (Oz , 1998

Whether the organization is big or small , human factor is critical to success . To encourage people to work even harder , employees must be motivated by the management which can be based on the result of the performance evaluation process . Few of the positive motivators are achievement , recognition , responsibility and advancement (http /www .see .ed .ac .uk gerard /Management /art6 .html

To assess the ability of the employees in terms of their performance in the job , the management must conduct a performance evaluation . An effective performance management is dependent on the system as well as the on the people who are working together to make everything possible This can help in the integration of the...