The process of globalization has provided a large number of opportunities for organizations to pursue available markets outside of their home countries. With the continued growth of organizations across cultures and continents, the planning, implementing, and monitoring of performance management programs becomes an even greater challenge. With international performance management, the system is not only in place to monitor employee performance, but also to ensure that the employees and entities operating internationally are conforming to the agreed upon standards of the organization and the country within which they operate.
Consider the ramifications of a poorly designed and monitored performance management program and the effects it may have on an international organization. Now consider the impact this could have on the overall performance of an organization and its attainment of its strategic goals and objectives, especially from the global perspective.
Complete this Assignment by preparing a 3- to 5-page paper that addresses the following questions:
From a global view, what changes in international business have contributed to the evolution of performance management? What are three factors that need to be in place in order for performance management to be effective in an international business environment? What are three factors that could have a negative impact on performance management for an international business? Be sure to support your answers with appropriate resources and examples from the literature.