In today's society the business sector is growing rapidly, and with this increase there is a need for more people to manage and lead these growing companies. Managing a business today is no guarantee that it will change and renew itself in future. An organization is considered to be an open system of management with a close interaction with the environmental change both external and internal. Coping with this change needs to know your present business better before your future business.
Managing performance has become a buzz-phrase of management. What is meant by Performance Management or Managing Performance varies enormous. For some, it means manipulating pay and other reward systems so that people will work harder. For others, it means telling staffs what they should do. Other people think it means increasing people's understanding of the whole process so that they know what they are doing and why.