Discussion: What Is Performance Management? Most organizations track their performance in areas such as sales numbers, social media engagement, and financial performance, to name a few. This tracking helps clarify how these areas are actually performing compared to what they want to be accomplishing with respect to organizational goals. This same idea is true for the employees of the organization. A properly executed performance management system allows management and employees to establish both individual and organizational goals and measurements, and even create career progression plans, aligning all of these to the organization’s strategic plan. Take time to review the weekly Learning Resources and reflect on your own experiences with performance management systems. Then, apply what you have learned and explore this week’s Discussion questions with your colleagues. Post a cohesive and scholarly response, based on and supported by your required readings, media, and research this week, which addresses the following: 1) Explain performance management, its evolution, and the role it plays within an organization. 2) Describe 2 advantages of implementing a well-designed performance management system. 3) Explain at least 3 purposes of a performance management system. PLEASE USE APA FORMAT Learning Resources Note: To access this week’s library resources, please click on the link to the Course Readings List, found in the Course Materials section of your Syllabus. Required Readings Note: It is highly recommended that you review the resources in the following order. Aguinis, H. (2019). Performance management (4th ed.). Upper Saddle River, NJ: Prentice Hall. Chapter 1 – “Performance Management in Context” pp. 3–40 Chapter 2 – “Performance Management Process,” pp. 41–51 Performance Management: Concepts & Definitions. (n.d.). Guide to managing human resources. Retrieved from https://hr.berkeley.edu/hr-network/central-guide-managing-hr/managing-hr/managing-successfully/performance-management/concepts Aguinis, H., Joo, H., & Gottfredson, R. K. (2011, November). Why we hate performance management–And why we should love it. Business Horizons, 54(6), 503–507. Required Media Jeffay, J. (© 2016). Performance Management: Three Areas of Focus [Media file]. Available from Skillsoft at https://laureate.skillport.com/skillportfe/main.action?path=summary/C OURSE_TOPIC/115269 Note: The approximate length of this media piece is 4 minutes. Accessible player Credit: (2016) Performance Management Three Areas Of Focus. Retrieved from https://laureate.skillport.com Optional Resources Devarajan, R., Shweta, M., & Vohra, V. (2016). Implementing new age performance management system in IT MNC: Leveraging communication and training. South Asian Journal of Business & Management Cases, 5(2). ISSN: 2277-9779 Online ISSN: 2321-0303. Holloway, J., De Waal, C., & Harold, A. A. (2009). Lessons learned from performance management systems implementations. International Journal of Productivity and Performance Management, 58(4), 367–390. Torghabehi, Y. E., Alireza, A. M., Kurczewski, K., & Abdekhodaee, A. (2016). Visual management, performance management and continuous improvement. International Journal of Lean Six Sigma, 7(2), 187–210. DOI:10.1108/IJLSS-09-2014-0028.