In this regard, who introduced the first concept of performance management?
In 1954, management consultant Peter Drucker penned a book called The Practice of Management, in which he described a concept called Management by Objectives, or MBOs. His principle was based on a need to manage business based on its needs and goals.
Furthermore, what is the concept of performance appraisal? The term performance appraisal refers to the regular review of an employee's job performance and overall contribution to a company. Also known as an annual review, performance review or evaluation, or employee appraisal, a performance appraisal evaluates an employee's skills, achievements, and growth, or lack thereof.
Considering this, where did performance appraisal originate?
As a distinct and formal management procedure used in the evaluation of work performance, appraisal really dates from the time of the Second World War - not more than 60 years ago.
When was performance management first introduced?
First Phase: The origin of performance management can be traced in the early 1960's when the performance appraisal systems were in practice.
