International Journal of Academic Research in Economics and Management Sciences

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Impact of performance management on the organisational performance: An analytical investigation of the business model of McDonalds

Open access
In the current business world humans are considered as the success factor for any business. For this reason reputed business firms are trying to hire the best human resource that is available in the market so that the firms can maintain its image and goodwill in the future as well. The main objective of this is to find that PM is helpful to improve the productivity of the employees and how PM is linked with the training needs of the employees. Another aim is to find out that how this is helpful to increase the revenue and profitability of the firm for the current research study qualitative research is used because it gives the brief information and understanding of theories. In order to get the brooder view of respondents, qualitative research will help a lot. Training and the development in the organization leads to greater benefit. To increase the efficiency of the below average workers these reports play a very significant role. Time constraint is major problem associated with this research. Due to lack of time the interviewer does not get much time to take the interviews. So PA session conduction each year in McDonalds motivates the employee to work harder and harder. Furthermore PA processes provide training and development to the employees as well as the reward management. These factors also drive the average worker to work more and more efficiently in McDonalds.