How to Organize Performance System in Small and Middle-Sized Enterprises (SMEs)?
Kateryna Panshyna, School of Management Studies, Yangtze University, Jingzhou City, China.
Manuscript received on March 28, 2018. | Revised Manuscript received on April 09, 2018. | Manuscript published on April 15, 2018. | PP: 6-11 | Volume-3 Issue-2, April 2018. | Retrieval Number: B0175043218
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: This paper is devoted to possibilities and ways of organizing performance systems in small and middle-sized enterprises as well as constrains for applications of performance management in the enterprises related to their scale and special characteristics issued from it. Modern approach to performance management systems that includes specific methods, practices and policies which are applied to improve organizational effectiveness in the accomplishment of mission and goals mostly aims at large scale organizations. As for enterprises of small and middle size, there is common opinion that performance system in enterprises of this scale is not necessary or ineffective in the realms of its cost. Such attitude is doubtful considering the importance of small and middle-sized enterprises in modern economy, including both local and national economies of any region. This paper presents the detailed review of performance system role in enterprises of small scope, analyses ways of such organization on the example of two small and three middle-sized enterprises and, as a result, gives recommendations on successful implementation of performance system into enterprises of this type.
Keywords: Performance Management, Human Resource Management, Performance Management Systems, Small And Medium-Sized Enterprises.