PERFORMANCE MANAGEMET

Performance Management

[Name of the Institute]

Performance Management

Introduction

Peyton & Byrne's ever-growing list of nostalgic canteens, bakeries and restaurants have found their way into some of the proudest cultural institutions in the land from the Royal Academy and the National Gallery to the British Library, not to mention Heal's department store. All have two things in common: easy-on-the-eye good looks & a passion for British produce (even when the concept itself is anything but patriotic). Sustaining breakfasts get the early birds going, while gourmet 'fairy cakes', pies, savouries and thick-cut sandwiches comprise the bulk of the group's all-day menus, with home-baked fig tarts, treacle loaves, Scotch eggs & sausage rolls all tempting visitors away from their shopping, their books & their guided tours. However, the company has recently established its business in a series of restaurants within famous London landmarks including.

Inn the Park located in St. James's Royal Park

The Royal Academy Restaurant at the Royal Academy of Arts

The National Dining Rooms and the National Cafe, at the National Gallery

The Wallace Collection

Discussion

The business under analysis is Peyton & Byrne and its chain of restaurants all over London. The restaurants are located in four different locations in London opening under the name of Peyton & Byrne. The product line would consist primarily of gourmet and cakes. The guest at Peyton & Byrne would make different decisions during the ordering process along a given production chain, and share this with the Peyton & Byrne employee (Armstrong, 2009, pp. 15-34). The colours, in the restaurant would move in earthy natural tones. The floor would be covered with natural-collared tiles, provided the area behind the counter with a brick-red brick wallpaper. This paper is will discuss how Peyton & Byrne will approach the management of employee performance.

Performance Management

Performance management (PM) has been popularised in recent years as a key feature of labour management practice across the UK public services. The appeal of Performance Management lies in its professed ability to deliver improvements in labour performance at reduced costs as a means of securing enhanced organisational performance. Much of the language and the techniques reflect managerial preferences about how most to secure control over labour performance. This control is crucially important in public services such as education as they are labour-intensive and staffed by practitioners who self-ascribe as professionals. As such, they prefer self-regulatory approaches to the management of their performance. Performance management (PM) is the process of transforming, strategic corporate, objectives into action, monitoring progress, and, fruitful results. It provides both a coherent management philosophy, and a system for maintaining and enhancing the performance of employees while facilitating their professional development (Simonin, 1999, pp. 595-623).

Components of performance management systems

The five main components of performance management system are mentioned below.

1.Performance planning - This forms the basis of performance appraisals and is done together with by the appraiser and the reviewer. Employees decide the targets and the areas that need improvement. After a mutual agreement between the two, the final decision is ...