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Performance management system (PMS) believes that the success shall depend on how the whole HRM processors are in place, the organisation. Nurturing of culture, where every employee targets right first time and every time as the success of PMS in many companies. The stand alone annual review kind of procedures may be avoided. The generic, one sided appraisals are not the part of appraisal system of today. The multirater feedback system is designed to create specific, relevant appraisals by promoting a two-way dialogue, between the appraise and HR/Managerial representative of the organization.
About the author
Dr.S.Dhanabagiyam currently Working as Assistant Professor in Department of TourismManagement, Avinashilingam University for Women,Coimbatore.She completed her doctorate in Bharathiar School of Management and Entrepreneur Development, Bharathiar University.Her area of interest are Performance Management System,Talent management.
Summary
In 1990, IBM had its most profitable year ever. By 1993, the company was on a watch list for extinction -- victimized by its own lumbering size, an insular corporate culture, and the PC era IBM had itself helped invent.
Enter Lou Gerstner. The presumption was that Gerstner had joined IBM to preside over its continued dissolution into a confederation of autonomous business units -- effectively eliminating the corporation that had invented many of the industry's most important technologies. Instead, Gerstner took hold of the company, making the bold decision to keep it together, defiantly announcing, "The last thing IBM needs right now is a vision."
Told in Lou Gerstner's own words, this is a story of an extraordinary turn-around, a case study in managing a crisis, and a thoughtful reflection on the computer industry and the principles of leadership. Summing up his historic business achievement, Gerstner recounts high-level meetings, explains the no-turning-back decisions that had to be made, and offers his hard-won conclusions about the essence of what makes a great company run.
Read by Edward Herrman
With an introduction Read by the Author
