You have a business unit. You need to manage its performance. Seems simple enough, but what is “performance management” really?
Performance management consists of three principal steps: 1) set expectations/goals, 2) measure performance/outcomes, 3) adjust to improve.
Our Summary: Performance doesn’t always require management. Traditional management provides control, but what modern businesses need is to promote the mindset that creates the conditions needed for great performance to take place. By fostering such a mindset, people can then self-regulate and make decisions most suited for the given time, which then yields best performance.
The end of performance management (as we know it)
by Bjarte Bogsnes
Originally Published on 30 Aug, 2012
“Self-regulation” has become an increasingly important word for us on this journey, not as a goal in itself, but as a great way of achieving great performance. We found inspiration in something which one initially might think of as very different from organizations and business, but where we all also want the best possible performance.