The Aims, Abilities And Skills Of Managing Organizational Knowledge Case Study
Furthermore, the knowledge management process aims to support innovation and encourage the free flow of ideas through the company. It helps increasing revenues (because the products and services are delivered to market faster) and reducing costs (because it eliminates redundant and unnecessary business processes). This process increases the time that employees spend in the company, because their knowledge and efforts are valued by the system of rewards. Ultimately, the knowledge management process increases the value of the company and its competitiveness as a whole, because it increases the efficiency and effectiveness, the relationship of all resources and innovation (Jelenic, …show more content…
Performance appraisals are reviews of employee performance over time, so appraisal is just one piece of performance management.
Performance appraisal is regularly record an assessment of an employee's performance, potential and development needs. The appraisal is an opportunity to take an overall view of work content, loads and volumes, to look back at what has been achieved during the reporting period and agree objectives for the next.
Many organizations and personnel specialists believed that formal appraisals were desirable, appraisals can help to improve employee’s job performance by identifying strengths and weaknesses and determining how their strengths may be best utilized within the organization and weaknesses overcome(Mustafa, 2013).
3.4 Five perspectives of organizational performance: (Carton, …show more content…
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