How to Overcome the Challenges of Organizational Change

Change is a necessary and sometimes mandatory process that any business will experience at one point in time.
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Change is a necessary and sometimes mandatory process that any business will experience at one point in time.
British Petroleum (BP) is one of the world’s leading oil and gas companies operating in over 80 countries. Meeting the growing demand for energy in a responsible manner represents BP’s strategy to create value for its shareholders.
Robert S. Kaplan and David P. Norton’s 1996 book ‘’The Balanced Scorecard: Translating strategy into action” is considered to be a major contribution to the development of performance management, as their work has changed the way performance is measured. In the almost 20 years that have passed since its publishing, the Balanced Scorecard System has been implemented by thousands of companies and organizations worldwide, proving its value in time.
Motivators are the key to any long-lasting, successful, future-oriented organization.
Performance appraisals are an opportunity for employers and employees to have a dialogue on past achievements and future development plans.
Using specific performance management tools such as the employee performance plan to include the necessary competencies and behaviors, performance criteria and the expected outcomes, can help avoid bias. Moreover, it leads to employee appraisals that are based on data and reflect on actual accomplishments and progress.