HRM20020 Performance Management & Innovation - Assignment 3

Assessment Task

Using your critical review and analyses of literature on performance management, attempt to answer the following question:

What would be the key differences in the performance management system designed for companies following the following competitive strategies:

• Innovative
• Quality focused
• Cost focused

Discussion must be carried out around at least two of the various performance management related issues such as design of performance appraisals, reward structure, training and development, and feedback. To complete this assignment to a high standard you need to research the peer-reviewed literature extensively (at least 6-8 papers) in addition to review topics covered in class. Please note that it is imperative that you substantiate your claims, which necessitates the extensive use of peer-reviewed literature to support your argument. You will need to read more broadly than the Readings suggested in the Unit Guide if you wish to get the most out of this assignment. Your argument and conclusions need to emphasise the critical elements of performance management systems in various business environments.