Managing individuals' performance involves setting objectives, providing feedback, and addressing underperformance. This topic covers performance managemen
Topic Synopsis
Managing individuals' performance involves setting objectives, providing feedback, and addressing underperformance. This topic covers performance management processes and legal considerations.
Key Concepts & Core Principles
- Operational Management: Planning, monitoring, and controlling day-to-day activities to meet organisational goals, including resource allocation and process improvement.
- Performance Management: Setting objectives, conducting appraisals, and providing feedback to enhance individual and team performance.
- Financial Management: Understanding budgets, cost control, and financial reporting to make informed decisions.
- Leadership Styles: Applying different approaches (e.g., autocratic, democratic, transformational) to motivate and guide teams.
- Change Management: Leading and supporting teams through organisational change, including communication and resistance management.
Exam Tips & Revision Strategies
- Use the GROW model for coaching conversations.
- Know the difference between capability and conduct issues.
- Practice writing performance improvement plans.
Common Misconceptions & Mistakes to Avoid
- Avoiding difficult conversations about poor performance.
- Setting vague or unmeasurable objectives.
- Failing to follow company disciplinary procedures.
Examiner Marking Points
- Set SMART objectives with team members.
- Conduct regular performance reviews and provide constructive feedback.
- Identify and address underperformance using formal procedures.
- Document performance issues and actions taken.