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The first of four articles addressing performance planning
Five key components of effective performance management are planning, monitoring, development, assessment, and recognition. This article is the first in a series that addresses the first component: performance planning.
Performance planning means setting goals and determining what needs to be done to reach those goals. Consider the results of studies on goal setting as reported by Edwin A. Locke of the University of Maryland and Gary P. Latham of the University of Washington:
Study after study reveals that setting goals, measuring performance against those goals, providing feedback on goal achievement, and rewarding goal achievement improves performance significantly.
Goal setting improves performance through three major mechanisms:
Besides improving performance, setting goals for individuals and groups provides many other benefits:
Setting goals for individuals is an important key to improving performance, but setting goals for teams is essential to the success of the team. Because a team is defined as two or more people who must coordinate their activities to accomplish a common goal, by definition teams must have goals.