PERFORMANCE MANAGEMENT

Performance Management

Performance Management

Performance management is a promise to employees from organizations to create clear accountabilities linked to key business drivers. According to Payant (2006), by implementing effective performance management, the company's top leadership team can measure strategic performance based upon management and business strategies that were agreed upon. This includes management's commitment to communicate effectively, involve associates in managing their own performances and to focus as much time on developing people as evaluating them (Randall, 2006). Performance management is a combination of theory and practice. It is widely used in public, nonprofit and private sector organizations to create information for planning, implementing and assessing policies and programs designed to address and solve problems. Improvement opportunities present themselves through various operations criteria such as expenses, assets, risks and earnings (Payant, 2006).

Many companies have used performance management with positive results. Performance management is a continual process. The difference between performance management and performance appraisal is that performance appraisal is a one-time, yearend event during which a manager evaluates a direct report's performance; performance management is an ongoing process. Kotter and Heskett (1992) highlighted areas that contribute to a high performance culture, by defining the components of an effective performance management system.

Los Angeles Tribune

The Los Angeles Tribune was a newspaper published in Los Angeles, California, between 1941 and 1960. The majority of the readers of this newspaper were the residents of Los Angeles who were black people. Almena Lomax, a civil rights activist, had launched the paper has been acknowledged for the “fearless reporting", which also included the articles regarding the racism prevailing in the Police Department of Los Angeles. The newspaper distributor is not functional in the current times and so the daily newspaper Los Angeles Times has replaced its readers. Since the year 1881, this paper is a publication of the Los Angeles, California. The newspaper has been one the second-largest metropolitan newspaper in circulation in the United States in 2008 and the fourth most widely distributed newspaper in the country (Burrelles Luce, 2008). The Los Angeles Times was purchased by the Tribune Company, which is the Chicago Tribune's parent company, during the year 2008.

During the time period of 19th century, the Los Angeles Herald proved to be the key competitor of The Times and the Los Angeles Tribune followed it in the race. During the year 1903, William Randolph Hearst, the magnate of the newspaper launched the morning publication of Los Angeles Examiner, which also proved to be a tough competition for the Times. Later, in the 20th Century, the afternoon competition of the Los Angeles Express became a threat along with the Los Angeles Daily News of the Manchester Boddy, which was again a Democratic newspaper. Then, in the middle of the1940s, the Times obtained the competing and leading status with respect to its regular circulation in the metropolitan area of Los Angeles. The special edition of The Los Angeles Times has included the midsummer, winter and zonal ...