A performance plan is developed at the starting of the cycle of performance while starting a venture. Its purpose is to set the targets, goals and objectives and plan accordingly. Major components of it are inputs, outcomes, behavior, skill and competency, knowledge and delivery. The main focus of performance plan in on the development of work and providing regular feedback during the performance of work and not at regular intervals during the performance cycle. In a performance plan focus is given on efficient and significance discussion (Blackburn, Hart & Wainwright, 2013).
Factors to be kept in mind in mind while developing a good performance plan are as follows:
- Goals are required to be defined: The First and foremost step in the development of a performance plan is to ascertain the framework of the goals and objectives and their mission and vision. Objectives must be specific, well defined and quantifiable.
- Process of appraisal: While the performance is going on appraisal of it at regular intervals must to done to understand how far it is achieved and how more time it will take to complete it (Brue, 2015).
Important Skill of Business Manager
In today’s world where there is a huge competition in the market, the managers of business must be able to many tasks at a time in order to survive and thrive in this market (Rue, Byars & Ibrahim, 2012). They must keep in mind the strength and weakness of all their employees while allocating work based on their efficiency. Managers must be able to prioritize various tasks based on need of the organization and depending on the urgency of its requirement. Managers who have the capability to balance various tasks without affecting the productivity of the organization are the best managers (Delaney et. al., 2015).
Managers have to report to the board of directors at periodic intervals so that they can have an understanding of the performance of the managers as well as the achievement of the goals and objectives of the company. They need to balance higher authority as well as their subordinate (Proctor, 2014).
Technology for effective management
Now a day’s, effective management of work priorities is very important to achieve organizational and personal goals. Various technologies and methods used in this process are as follows:
- Productivity software: There are various software which help in the improvement of the efficiency and effectiveness of the employees of the organization and also measure it. The benefits obtained from these software’s are immense.
- Creating a communicating and open environment: Through this technology, employers develop a facility for face-to-face communication among the staffs of various departments so that they can interact with each other for achievement of the organizational objectives (Frank et. al., 2013).
- Monitoring output: The productivity level of the organization must be measured periodically to determine whether the mission and vision of the company that were set initially are achievable according to the plan.
Measuring Personal work performance
In today’s world, measuring own performance and working on the feedback received is the most important aspect to survive and thrive in this competitive market and. Strategies to be to analyze own performances are given below:
- Quality of Output: Completing the work within deadline with proper presentation and superior subject matters in the project determines the quality of outcome. Now the management feedback on the project is to be given due consideration and if there is any drawback then that must be worked upon and improved (Bos et. al., 2016).
- Punctuality: It is the key way to success. The employees must be punctual at their reporting time in the office so they finish their task on time and leave the office premises on time so that they can give time to their family also.
In the present world, students are facing many distractions from their studies due to various reasons like social networking, habits like partying and nightclubs, gossip etc. Biggest time wasters are which are in trend are as follows:
- Social networking sites like face book, twitter: Students spent a lot of time now a days on face book connecting with their friends and relatives. They are also using twitter a lot for updating their status regularly (Boulton, 2013). These things hamper their concentration in studies a lot.
- Habits: These days increasing number of students have started partying at nightclubs, which is a huge waste of valuable time for studies.
Work life balance
In today’s corporate culture flexibility and work life balance is gaining huge importance. Employees are working overtimes during peak times and working for lesser hour when demand and pressure is low. In this process, work life balance can gets hampered which needs to be taken care by the employers by motivation them to complete their work on time so that they can give time to their family (Gangwisch, 2014).
Development of personal knowledge
In this recent changing world, an individual needs to develop their personal knowledge and evolve with the changing needs of the organization externally as well as internally. If they are not update with the recent changes then it can hamper their productivity level and they will not be able to survive in this competitive market. They need to keep this in mind that there are many people standing in line for their position so they need to update their knowledge to increase their productivity (Polanyi, 2012).
Learning styles are very important for increasing the retention level and increasing their performance level. Various learning styles are:
- Physical: It is a process to learn things by the way of its physical movement and hand touching.
- Social: This is a way of learning how to handle various social activities and balancing the office and social life.
- Logical: It is the way of learning things logically in a sequential manner.
- Verbal: In is the process of repeating things verbally in order to remember during the learning process (Schmeck, 2013).
- Visual: It is the most effective way of learning as people tends to remember things more accurately by watching it.
Targeted position in the current company
For a management student the targeted position in a company is becoming the general manger of the company who will look after all the activities within the organization that may be administrative, operational or marketing management.
Various skills for professional development are as follows:
- Developing and Monitoring the goals: An individual must during the process of professional development monitor whether the goals are in progress and achievable in near future.
- Successful implementation of development plan: What is necessary to do and the targets set to be achieved, required support for this and excellent performance based on these (Udhayakumar & Karthikeyan, 2014).
Positive role of a manager
A manager plays an important role in motivating the employees, which includes:
- Motivating employees: The employers must motivate their staffs by implementing various technologies, which can analyze their performance and efficiency level and reward them accordingly.
- They not only need to look after their employees but they also have to satisfy the demand and needs of their higher authority (Weiss, December).
Personal goals in a work environment
‘SMART’ goal setting methods to achieve personal goals within an organization are as follows:
- Behavior and attitude: Proper behavior with the superior and subordinate authority within the organization is also an indicator of the good performance. Attitude of the staff toward organizational mission and vision are also a determining factor for personal goal achievement (Midgley, 2014)
- Satisfaction survey of client: Whether the clients are satisfied with the outcome and after sales service of the company and its staff is a key aspect to determine the personal work performance.
Blackburn, R. A., Hart, M., & Wainwright, T. (2013). Small business performance: business, strategy and owner-manager characteristics. Journal of small business and enterprise development, 20(1), 8-27.
Bos, J. D., & Social, M. A. (2016). Surviving the office jungle: The moderating effects of personal characteristics on the relationship between New Ways of Working on the one hand, and job satisfaction and work performance on the other hand.
Boulton, A. (2013, July). Wanted: Large corpus, simple software. No timewasters. In TaLC10: Proceedings of the 10th International Conference on Teaching and Language Corpora (pp. 1-6).
Brue, G. (2015). Six Sigma for Managers, (Briefcase Books Series). McGraw Hill Professional.
Delaney, Y., Pattinson, B., McCarthy, J., & Beecham, S. (2015). Transitioning from traditional to problem-based learning in management education: the case of a frontline manager skills development programme.Innovations in Education and Teaching International, 1-9.
Frank, E., Matthews, M., Choudhury, T., Voida, S., & Abdullah, S. (2013, December). Developing a smart phone app to monitor mood, social rhythms, sleep and social activity: Technology to support effective management of bipolar disorder. In NEUROPSYCHOPHARMACOLOGY (Vol. 38, pp. S230-S231). MACMILLAN BUILDING, 4 CRINAN ST, LONDON N1 9XW, ENGLAND: NATURE PUBLISHING GROUP.
Gangwisch, J. E. (2014). Work-life balance. Sleep, 37(7), 1159.
Midgley, C. (Ed.). (2014). Goals, goal structures, and patterns of adaptive learning. Routledge.
Polanyi, M. (2012). Personal knowledge. Routledge.
Proctor, T. (2014). Creative problem solving for managers: developing skills for decision making and innovation. Routledge.
Rue, L., Byars, L., & Ibrahim, N. (2012). Management: Skills & Application. McGraw-Hill Higher Education.
Schmeck, R. R. (Ed.). (2013). Learning strategies and learning styles. Springer Science & Business Media.
Udhayakumar, R., & Karthikeyan, P. (2014). Expected Leadership Qualities for a Project Manager to Manage Construction Projects. International Journal of Innovative Research and Development, 3(10).
Weiss, E. (2013, December). THE ROLE OF MANAGER AT WORK WITH PROJECTS EFFICIENTLY USING WORK TEAMS. In Proceedings of COPEC World Congress (Vol. 5).