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Organizations should be aware that old methods and strategies may not apply in a fast changing environment, in which an increasing number of companies are more innovative in their businesses.
Performance management, at least at the employee level, has received serious criticism from multinationals such as Microsoft, General Electric, Adobe, Goldman Sachs Group and Google, in the past 5 years. The traditional ranking system and KPI measurement used in the appraisal process provided little added value for the organization, for managers or for the individual. Practice has proved that a measurement system is merely a promise of improvement.
“Organizational culture is the sum of values and rituals which serve as ‘glue’ to integrate the members of the organization.” — Richard Perrin
Nowadays, the world is dominated by globalization, therefore interconnectivity is the buzz word of the decade. Whilst this trend brings a lot of advantages,
“An organization formed without ethics is like a cabin built without nails: no matter how solid it may appear, it will slowly crumble.” – The Institute for Global Ethics
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