The Positive Relationship Between Inflation And Inflation

Some variables in Economics are very closely related to each other. In many cases, the combination of these variables can have an unexpected effect on the economy. One of these examples can be observed when we compare inflation and unemployment rate. To establish this comparison in a short-run period of time, it will be beneficial to use the Phillip Curve. This curve can be used as a tool to represent the positive relationship between inflation and unemployment in the short-run. In order to comprehend the positive relationship between inflation and unemployment first, we must know what inflation is, how we define unemployment, and how we can use the Phillip Curve to make a functional comparison of these two variables. Moreover, it will be very beneficial to analyze how expansionary fiscal policies affect the relationship between unemployment and inflation. If we understand the meaning of each of these variables in the economy, it will be easier to comprehend the logic of a short-run trade-off between unemployment and inflation. Inflation can be described as the sustained increase in the level price of goods and services over a period of time. Inflation can affect the economy in positive and negative ways. One of the negative ways in which inflation affects the economy is that it increases the opportunity cost of holding money, in other words, it decreases the real value of money. Inflation is said to occur when there is an excessive increase in the money supply. AmongShow MoreRelatedPhillips Curve Methodology Is Used On An Information Set Of 35 Years Essay1623 Words   |  7 Pageshelps in analyzing the relationship in the middle of inflation and unemployment. There is a non-relative negative relationship in the middle of inflation and unemployment (if unemployment is decreased than there is a rising value level in the economy). There is a long-run and easygoing relationship in the middle of inflation and unemployment over the above-mentioned period in Pakistan. There is a momentary relationship (stuns) in the short-run, while there is a lasting relationship (stuns) over the longRead MoreThe Phillips Curve and The Quantity Theory of Money1128 Words   |  4 Pagesinverse relationship between inflation rate and the unemployment rate. When the unemployment was high, the inflation rate would be low; the inflation rate was high, the unemployment rate would be low. Here we have the statistics data of the inflation rate and unemployment rate from 2007-2011. On the other hand, Phillipss â€Å"curve† also represented the average relationship between unemployment and wage behavior over the business cycle. In the short run, there is a tradeoff between inflation rate andRead MoreThe Relationship Between Inflation And Unemployment On Growth1553 Words   |  7 Pages The relationship between inflation and unemployment on growth remains a controversial one in both theory and empirical findings. Originating from the Latin American context in the 1950s, the issue has generated an enduring d ebate between structuralists and monetarists. The structuralists believe that inflation is essential for economic growth, whereas the monetarists see inflation as detrimental to economic progress. There are two aspects to this debate: (a) The nature of the relationship if oneRead MoreEconomic Growth Between Emerging And Developed Economics Essay1181 Words   |  5 Pagesgrowth. 1. Literature Review Inflation Inflation can influence economic performance throughout the monitory policy of the economy. The economic specialists argue, that inflation effect economic growth of nations by decreasing domestic and foreign saving, inefficiency and ineffectiveness of resource allocation and declining balance of payment. Fischer and Modigliani (1980) suggested that there is a nonlinear and negative relationship between the rate of inflation and economic growth. Similarly,Read MoreThe Determinant Factors Of Equity Return1513 Words   |  7 Pagesconditions, the rate of inflation, and external conditions. The relationship between economic conditions and the rate of inflation in determining equity returns could be different in each country. Refer to Fisher theory, where shares are against inflation, so when the inflation is increasing, it will lead to the proportional changes of equity returns (Ghafoor et al. 2014, p.149). However, this theory has been challenged by Fama cited in Madsen (2005), indicat es that besides inflation, income growth isRead More The Federal Reserve System Essay example1453 Words   |  6 Pagesshould simply pursue policies to eliminate inflation. Zero inflation may help the market to avoid imbalances, stabilize the business cycle, and promote steady growth in our economy. On the other hand, zero inflation may not reduce unemployment. It may not promote a higher rate of saving and investment, and it may increase income inequality by redistributing income to the high-income people from the low-income people. The topic of a zero inflation rate is an especially interesting dilemmaRead MoreThe Effects Of Fiscal Policy On Inflation Essay1321 Words   |  6 Pages 2.3.3 The evidences of the effects of fiscal policy on inflation Blejer and Cheasty (1988) hold the view that base on the the inflationary-financing model, a decrease of fiscal deficit will leads to reductions in inflation as deficits are assumed to be financed by the inflation tax. After that, more scholars e.g. Buiter (1987), Fischer (1980) and Pfajfar (2014) believe that fiscal deficits will lead to inflation. The reason is that the central government to finance the deficit can be carried outRead MoreThe Fisher Effect and the Quantity Theory of Money Essay examples1698 Words   |  7 Pagesnominal interest rate plus inflation. This is a very basic equation. Fisher manipulated it to solve for i, in order to understand the effect that inflation has on nominal interest rate. The famous equation is i = r + Ï€, nominal interest rate equals real interest rate plus inflation. This is basically saying that the nominal interest rate can be changed by a change in either the real interest rate or inflation. The Fisher effect is the one to one relatio nship between the inflation rate and the nominalRead MoreEconometrics Project1284 Words   |  6 Pages– 2011 April 24, 2010 Abstract The goal of this paper is to estimate the relationship between personal consumption and personal income among all Americans over the past 30 years. The data includes annual records for the four variables between the years 1980 and 2011. I have analyzed this data using the Ordinary Least Squares Method and ran a regression analysis in order to observe the relationship between my variables. In my model, I have used Real Personal Consumption Expenditures (PCE)Read MoreThe Effect Of Inflation On The Economy822 Words   |  4 Pagestool to represent the inverse relationship between inflation and unemployment in the short-run. In order to comprehend this inverse relationship, we must first know what inflation is, how we define unemployment, and how these two variables are connected using the Phillip Curve. If we understand the meaning of each one of these variables in the economy, it will be easier to comprehend the logic of a short-run tradeoff between unemployment and inflation. Inflation, in the economic, can be described

Genesis World View Essay - 1054 Words

Andrew Rosenbaum ID # 24845330 Bible 105-001 September 18, 2013 Genesis 1-11 Essay NIV What does Genesis, chapters one through eleven in particular, teach pertaining to the world? Specifically speaking in regards to the natural world, human identity, human relationships, and civilization. In accordance with all that, how then could this affect your worldview today? What exactly does the bible say? How exactly can it shape the way we see life and are these conclusions about the world we live in today parallel with what the bible states as truth? First of all, when referring to the natural world itself, we’re specifically talking about its fallen state. The world as we know it and as the†¦show more content†¦In other words, we’re shown the importance and value of the Lord Himself. Therefore, if we are made in the image of this almighty, all loving, omnipotent Creator, then we too must be of great value and worth. That being said, this shapes my world view towards many different things, one of those in particular being abortion. If we are of such gr and qualities, then we must protect and cherish every single image bearer. Having accounted for all that Genesis 1 describes, I’d venture to say that abortion is a smack in the face to God Himself. How dare we take it upon ourselves to decide which image bearers of the Lord live and which die. Though once again, this is yet another result of how we allow that serpent to persuade us to eat of the tree that leads to death. Now, we must look at where and how human relationships tie in. We’ve talked an awful lot about man. What if we bring woman into the picture? How exactly do they fit together? Well first of all when we look at scripture we see that it is written, â€Å"Then the Lord God made a woman from the rib he had taken out of the man, and he brought her to the man† (Gen. 2:22). This conveys a few truths. First of all, woman was taken from the side of man. This would mean, A, she is to be equal to and treated as so for she was taken from man’s side. B, she was taken from man to be his helper. And C, she was to be his wife and as it is stated soon after, â€Å"For this reason aShow MoreRelatedViews On The Historical Adam Essay1061 Words   |  5 PagesFour views on the historical Adam consists of four prominent biblical scholars, who together, provided there understanding of scripture to a project that shed light on the figure identified in Genesis 1 as Adam. The four contri butors to this book are: Dr. Denis Lamoureux, Dr. John Walton, Dr. C. John Collins, and Dr. William Barrick. Four Views on the Historical Adam visibly outlines four key views on the Genesis figure Adam held by evangelicals. The content provided is theologically consistent inRead MoreAugustines View of Humanity1047 Words   |  4 PagesCollege Senior (4th year) Essay No Of Sources: 2 Statistical Analysis:Yes Topic:Essay Assignment Augustines Confessions Throughout Confessions, Augustines view humans-- essential nature interesting differences , time periods civilizations, humans. The classical Greeks , optimistic, Europeans Renaissance Age Enlightenment, humans optimistically: center measure creation; supreme strivers, good evil; characterized reason, inherently good perfectible. Instructions: Essay Assignment on AugustinesRead MoreUniversal and Human Origins Essay examples630 Words   |  3 PagesENGL 212. September 21, 2012 Universal and Human Origins According to several essays in the Longman Anthology of World Literature, there are differing views as to how humans originated. One essay stated that the heavens and the earth were first created. Then the creatures that fly, next were the creatures that live on the earth and those in the waters were then created. Then God said, â€Å"let us make a human in our image and likeness to hold sway over the fish and the fowl of the heavens andRead MoreSimilarities Between Aslan And God835 Words   |  4 PagesThis analogy represents different things in the Bible many times, from Aslan taking Edmund`s place at the Stone Table to making a new world, with a recognizable England and Narnia but better, in The Last Battle. Aslan is God in Narnia, or is he? I believe Aslan represents God, because they share some similarities, but they do have some differences. In this essay, I compared God and Aslan as seen in the Bible and The Magician`s Nephew, and have similarities and differences between Aslan and GodRead MoreDating the Rocks of the Grand Canyon (Old Earth vs. Young Earth)1102 Words   |  5 PagesIntroduction This is a comparative essay and its purpose is to compare old-Earth and young-Earth viewpoints on Dating the rocks of the Grand Canyon. There are different views on this and no scientific method that can prove (completely) the age of the universe or the earth. There are the use of different types of calculations that can provide some guesses on the age of the earth. Many things need to be assumed such as a beginning date and the speed of change along with varying increases and decreasesRead MoreComparing The Prometheus And Genesis1530 Words   |  7 Pagesmyth and the consequent chapters of Genesis, it is quite clear that how one views each piece is subject to their previous knowledge. Today, it is much easier to read Prometheus objectively. It would generally be safe to assume that no one in proximity is a worshipper of Zeus. Reading Genesis is fairly different. Everyone in North America, and most other parts of the world, have at least a very general idea of what Genesis says, or is believed to say. In this essay, the understanding of differencesRead MoreComparative Essay1281 Words   |  6 PagesComparative Essay: Original creation of the Earth PHSC 210, D03-LUO I. Introduction The old-Earth evolution and young-Earth creation debate has been one that has gone on for centuries. Each viewpoint seeks to give an answer to life’s most difficult questions or origins and how the Earth came to be what it resembles today. While the Young Earth viewpoint has remained constant and unchanged throughout the centuries the Old Earth view seems to be continually evolving as new discoveriesRead MoreThe Two Accounts Of Creation1714 Words   |  7 PagesJuly 2015 The Two Accounts of Creation in Genesis When God began to create heaven and earth, and the earth then was welter and waste and darkness over the deep and God s breath hovering er the waters, God said, Let there be light(The Hebrew Bible 94). This is how readers have always started out studying the Bible. Little did they know there was an entirely different account of creation just a little ways down from the first account they see in Genesis. So, is there really two different accountsRead MoreUnderstanding The Biblical Worldview Of The Bible Of Two Brothers, Jacob And Esau1089 Words   |  5 Pagesbegins in the book of Genesis with a man named Isaac, praying to the Lord on behalf of his barren wife Rebekah. The Lord answered Isaac’s prayer and Rebekah conceived. The Bible states that the children struggled together within her, therefore, she went to inquire of the Lord for an explanation. The Lord told Rebekah that she would give birth to two boys who will represent two nations; one shall be stronger than the other and that the elder shall serve the younger (Genesis 25: 22, 23.) After birthRead MoreComparative Essay1341 Words   |  6 PagesComparative Essay July 4, 2014 2014 PHSC 210-B14 LUO Tom Williams Introduction Many people today have their thoughts on how the Earth was created. Christians take a biblical perspective of how the universe was created by a creator. One thought that Christians believe is that God created the earth and accomplished this in six days and rested on the seventh day. This is the model of how a week is set up and the model that

Academic Essay Thesis Statement

Question: Write about theAcademic Essayfor Thesis Statement. Answer: We Never truly Identify who we are Because we are Constantly Shaped by our Surroundings From the earliest time of survival, human individual have found the need to stay sensitive to their individual surroundings in order to survive. Therefore, it can be said that every human being has the innate awareness regarding their individual surrounding or environment and they seek out their individual environment with particular qualities. In this context, it is required to mention that one of the predominant needs of human beings is to acquire a safe and secure surrounding or environment and hence they constantly attempts to look for those attributes in their individual surrounding. However, an individuals surrounding is responsible for facilitating interaction between the individual with others, influence the behavior and impact on the cognitive aspects. The thesis statement of the following essay is to justify that people can never properly identify their proper identity because they are constantly shaped by their individual surroundings. To establish the statement, a brief paper will be made referring to the contexts of Gattaca, The Kite runner, Skin and The interpreter of Maladies. Firstly, it should be considered that environment is responsible for facilitating as well as discouraging an individuals interaction or behavior with others in a society. It can be also said that the external environment influences a persons motivation to act or behave in a particular society. Social disorders such as social violence and discrimination can hinder a human individuals cognitive as well as physical growth (Augoustinos et al. 2014). It can be said that a persons mental growth for making interaction with others and for making perception regarding their individual identity is determined by how the person is treated in his/her social surrounding. This can be seen in the character like Amir from The Kite Runner who despite witnessing a heinous crime with his closest friend Hassan kept his mouth shut in order to gain appreciation from his father. His social surrounding which has forced him to perceive that he is a weak individual who should get his fathers appreciation at an y cost (Blizek 2016). Similarly, the character of Vincent from the movie Gattaca portrays the truth that the external surrounding of an individual decides the way an individual forms him/herself and thereafter consequently their act with others changes (Brzozowski 2016). Being aware of the genetic weakness, Vincent constantly utilizes Jeromes genetic samples in order to present himself potential and thereafter acts in a way that indicates that he is capable of working for Gattaca and acts with other through his false genetic identity. Therefore, it can be said that environment plays a pivotal role in shaping an individuals behavior and perception about his/herself in the society. On the other hand, it should be also considered that external surrounding shapes individual perception about his/herself. More precisely, each person in the society starts to criticize or evaluate his or her individual self through the behavior the person gets from the society. At the same time, it can be also said that people identify their position in a society by the treatment of others. Considering the character of Sandra Laing in the movie Skin, it is evident that people make perception about their selves or about other through the way, the external surrounding or the society treats them. Throughout the movie, it seems that Sandras father treats her badly and disowns her considering her act of falling love with Petrus and eloping with her to get married an act of crime, as it seems ugly and unjustified for the society (Ferris 2015). Similarly, in the short story belonging to Jhumpa Lahiris The Blessed House from The interpreter of Maladies, it seems that Sanjeev could not stay c omfortable with the Christians, as her predominant social surrounding has made his skeptical about Christianity. His identity as a Hindu and strong perception about Hinduism indicates how social surrounding dominates perception about identity (Gautam 2015). Most significantly, change in the social surrounding is another determinant aspect for controlling a persons behavior as well as perception about his or her individual identity (Wells et al. 2016). For example, in Jhumpa Lahiris The Blessed House it seems that the Twinkle who instead of being a Hindu desires to display the Christian objects and consequently changes her attitude with her husband. On the other hand, in the movie Skin, it seems that the protagonist Sandra starts living by her own as she encounters vulgar behavior from her husband. She becomes stronger and completely forgets about her personality as a beloved wife of Petrus. Moreover, Amirs change of behavior in The Kite Runner when he moves in Canada with his father and his subsequent change while recognizing the truth about Hassans actual identity are proof of the fact that change in external surrounding drives significant change in the behavior of human individuals (Blizek 2016). From the above discourse, it can be deduced that social surrounding or external environment of an individual dominates the persons perception about him/her self. The above essay is indicative of the fact that social surrounding determines an individuals interaction and perception about individual self. Moreover, change in social surrounding changes a persons behavior and identical perception as well. References Augoustinos, M., Walker, I. and Donaghue, N., 2014.Social cognition: An integrated introduction. Sage. Blizek, W.L., 2016. The Kite Runner.Journal of Religion Film,11(2), p.10. Brzozowski, J., 2016. Science Fiction as a Springboard for Science Education. Ferris, F.S., 2015. A multisemiotic discourse analysis of race in apartheid South Africa: the case of Sandra Laing. Gautam, A., 2015. The Plural Self: A Comprehensive Exploration of the Effects of Hierarchy in Jhumpa Lahiris Interpreter of Maladies. Wells, N.M., Evans, G.W. and Cheek, K.A., 2016. Environmental psychology.Environmental Health: From Global to Local, p.203.

Performance Management Goals Identification

Question: Discuss about thePerformance Managementfor Goals Identification. Answer: Introduction: Performance management refers to the groundwork of the employees performance and engagement. It involves the process of communication between the executives and workers that take place annually. The process ensures the support of accomplishing the strategic objectives of the organization. The procedure of communication therefore, includes explanation of expectations, goals identification, make available feedback, and results review. When components of performance management are over in considerate and rational manner, with lively engagement of both supervisor and workers, the results of both parties are optimistic. The critical conversation between supervisor and employees poses a good platform for providing coaching. An important element of developing workers include inclusive and well achieved performance management system incorporating components. These components include face to face meetings, performance appraisals and mechanism to control underperformance.(Shutler Storbeck, 20 12) Performance management has a broader concept than performance appraisal. Its primary objectives is to improve the organizational, operational, team and workers performances. Efficient performance management determines the development of the organization towards meeting the set business targets. The process encompass designing, establishing, observing, reviewing and assessing organizational, efficiency, team and workers performance. The strategic part of the performance management process including outlining competencies required to perform jobs or duties. Its imperative to underline goals as they need to be accomplished effectively. Two types of essential competencies for employees includes: Teamwork and collaboration. The two elements participate to take the team forward, aligns with the team to meet mutual goals and maintains strong, personal connection with coworkers and shareholders. Adopt change. It classifies barriers and opportunities, execute solutions, maintain efficacy when experiencing major changes, and adjusts successfully to new work structures. (Storbeck, 2010) For the managers there still have two additional fundamental competences which include allocation of resource. Managers manage finances and organizational resources to improve efficiency in various department. Utilize funds, staffing or human resources economically and effectively. In addition, they build a high performance team which grows a capable, diverse and consistent team. The main objective being to give others morale to achieve organizations goals. The teams also recognizes and gives rewards contributions.(Peljhan T, 2014) Benefits Managing workers or performance system and supporting their objectives abilities and the effective delivery of planned and operational goals. Some studies describe there must be clear and concise relationship between using performance management plans hence improving organizational output. The effects of performance management system have greatly differentiated from properties of the systems and the context into which they are applied. Performance management help the in directing and managing financial gains. It enable the organization to grow the sales volume for the production sector. The effective performance management aid the organization to reduce costs in organizations operations. The reduction is done through reducing the time frame to create strategic changes by communicating the changes via a new channel of goals.(Hurst J, 2010) The process motivate the staff. The motivated workforce enhances incentive strategy to a particular goals for business achievement. Moreover, it optimizes employee engagement because every worker understands their contribution to the organizations high level objectives. Motivated employee build transparency in meeting the set goals. The inspired workforce enhance professional growth programs since they are aligned straight to achieving business goals. Performance management contribute to the improvement of management control. It enhances flexible, responsive to management immediate needs. In addition, it simplifies communication of strategic objectives scenario analysis. Performance Management Phases Performance management is a management model that involves a process in which an organization creates a suitable work environment that motivate workers to work to their level best of their capabilities. The managers uses the process to accomplish the organizations goals; the process involves some form of goal setting, assessment and reward. Phase 1: Planning Performance The primary focus of the performance plan requires the workers to remain relevant on the organization goals. The two main distinct elements to the planning focus include: Work duty. The work duty involve the day-to-day operational responsibilities of staffs job. Job role gives clear description. The description comprise five to seven key things on staffs job. The performance plan must specify the projects or assignment to for organization to undertake. Regularly, the employees will be allocated large projects that are part of the yearly performance objectives. These projects usually related to the workers job duty, but focus on initiatives larger than completing their daily chores. The specific tasks include documentation of new practice, finding ways to improve a practice, or effecting new systems. Another key component of performance plan is articulating performance goals. The primary role of managers or management is to identify and communicate the organizations goals to the employees. The elaboration should also involve them translating them into their individual objectives. The discussion of the objectives at this primary beginning of the cycle, is to give periodic feedback and modifications as needed. The feedback will result to a successful end of cycle with performance appraisal.(Hurst J, 2010) Affiliate performance goals with organization goals. The major role of every manager is to ensure that clear communication reaches all workers with relevance and alignment of the performance goals. The employees, on their part, make sure that the articulated aims link with overall objectives of the organization. Similarly, the managers will certify the implementation of policies contributes to the goals of the organization. The forth key element involve building and confirming the plan. The details of the plan will provide specific action required by the workers in the organization. Those staff members who have low levels of performance, the managers will be required to have close monitoring to effect the performance goals. The possibility of objectives been achieved rises with detail planning. Organization should select the team to review and implement the planning.(C, 2013) Phase 2: Coaching Performance Coaching requires providing progress feedback to the employees. In the organization, managers are responsible to give coaching to their staff members. The coaching may be based on their immediate needs in either formalized meetings or on an informal basis. Coaching requirements may not even be steady for one staff member as they works under different tasks. The fact that employees have distinguished levels of skill for all the job they perform. Managers, however should be aware of the areas of their staff members work to give them support. Greater coaching support should be emphasized to those staff members with low levels of performance. On the other hand, those employees with high performance levels require less coaching support.(J, 2012) The coaching process may take place regularly to discuss progress of the organization. The progress mainly depend on expectations of the organization and the levels of performance identified for the role needed to achieve the performance goals. For both formal and ad hoc coaching, manager should focus on the most imperative priorities. The management should describe specific situations and behavior, and focus on the work of relating feedback to objectives and prospects. They should evaluate the things from their perspective, share their experiences if seems relevant. In addition, the managers must ensure the individuals understands by posing questions to the workers. Finally, they are supposed to follow up to monitor achievements. The provision of ongoing coaching is conducted since staff members requires reinforcement, especially when addressing challenges, introducing new skills and abilities. The central role of a good coach ensures employees are doing well, give detailed positive feedback. In contrast, if the coaches observe unsuccessful work or behavior, they have a responsibility to provide feedback which highlights the odds and provide the remedies. In the coaching phase, managers should make sure that the staff members has the resources, and enough information to perform the needed tasks within the prescribed timeframe. The management of the organization should use two facets of clearing the path: solving any problem that impede improvement and influencing enablers that will accelerate achievement of goals. This generate a supportive setting for their staff members.(Rizov Crouche, 2009) Phase 3: Reviewing Performance Reviewing performance, the last phase in performance management should heavily dependent on the above two phases. They provide perfect and balanced performance assessments. Therefore, it is equally important for the mangers to do a detailed work in establishing performance objectives and coaching. In this performance process, review of performance management should conducted more often throughout the year. Managers are expected to officially review the performance of organizations staff members and give them a formal feedback. The components of reviewing performance should be accomplished by both supervisor and staff members. The supervisor, having obligation for documenting the final appraisal upon assessing the performance. Both the manager and employee should match what the employee have achieved against the outlined performance goal. In addition, management should review how the workers achieved those outcomes.(Zupan, 2011) The review performance of results enable management to provide feedback about strengths that can be recognized and challenges that need extra coaching and perfection. The feedback managers provide will include the performance in an ongoing work responsibility and achievement on tasked goals. The feedback should reflect the availability of time for each type of assignment. The reflection should involve both the supervisor and workers for easy assessment of assignment. In the review performance process, managers must determine the performance ratings in a reliable manner to all employees. The ratings will allow them to closely understand individual results in an appropriate structure.(Z, 2015) Tools of Performance Management Any organization whether public or private, have passionate with managing and measuring performance. Therefore, most widely used tool for performance management include; Key Performance Indicators (KPIs) The tool require an extensive metrics components. Though the tool is among the powerful managing performance tool, organization are supposed to heed an advisory note. In many organization the tool has been applicable and recorded to be effective. The primary value of KPIs is to allow rich data-driven performance discussions and improved decision-making. Assessing everything that moves offers little more than an impression that performance is being managed. Performance Appraisals The performance appraisal tool is very valued tool for supporting the goals of the individual with the strategic aims of the organization. It therefore operate under the condition that unless staff members believe the appraisal process is unbiased, it become a poor instrument for motivation performance. Through appraisal, organizations wishes to drive behaviors which may be fully counted in appraisal design process.(Bartel, 2014) Mission and Vision statements. The overriding reason for these statements is to make sure that all efforts to improve performance are aiming at the same direction hence equally important to be used.in most of the cases the statements are poorly described, and they lead to confusion about their role. For instance, mission describe the reasons for the existence of an organization. On the other hand, vision statements should give inspirational, aspirational message, and emphasize on where the organization will play and where not to play.(Wright, 2009) Management Dashboards. The management dashboards tool unify performance information in a succinct display to ease the communication which leads to high performance levels. Dashboards are all over with many organizations. However, the dashboards tool should check the operational performance rather than strategic performance. Lean management strategy Lean management tool shows a simple set of tools for easily isolating and eradicating waste from the organizations. The primary focus is on what to be improved rather than not what is easy to deliver tangible and measurable benefits.(Wright, 2009) Theoretical Perspective of Performance Management Goal Setting Theory of Performance Management Goal setting refers to the set objectives for the consequent performance used in future of an organization. The theory predict that when an organization set difficult objectives they automatically perform better. The goal setting theory is meant to help in action development plan prepared to guide organizations. Accordingly, the theory helps in developing key management literature. Furthermore, according to many studies, the goal setting and enhanced results have positive interrelation. The main factor remains that goal setting theory contains all aspects of improving organizations efficacy. Goal setting can be used in organization where efficiency of results are desired through effective setting of goals. Hence, in order to apply goal setting in the organization set up, commitment analysis is accepted in order to draw the goals.(Shutler Storbeck, 2012) Expectancy Theory of Performance Management From the definition, performance management create environment for continuous observing and measuring of actions of individual employees in an organization. Equally, it also measures the performance of the whole organization for the organizational goals met in an efficient fashion. Expectancy theory therefore stresses the idea of performance management. The theory is applicable in all organizations especially in aspects of occupation relationship with the central focus on employee performance. Precisely, the theory is seen in organizational processes which include among them recruitment and during employees selection for a certain job. Correspondingly, the theory is used to analyze the organizational results and assessment of employee performance according organizational goals. On the other hand, expectancy theory is used to pinpoint the variables that provoke individual workers in the organization.(Hurst J, 2010) Conclusion and Recommendation In a nutshell, the findings of this paper, the importance of having an effective performance appraisal program. The program should be very fair free from bias to enable staff members to afford the opportunity to get unbiased appraisal. Otherwise if the appraisal are fair it impresses workers moral values since good appraisal motivates staffs to work extra hard. Further finding proposes that government employed people need to trained on organizations goals and objectives. The training will enable them to have a belonging sense and increase desire to participate more in organizational targets. Recommendations. For organizations to achieve performance management, they have to involve staffs in each of the components of reviewing performance. The action will favor greater commitment and approval of the absolute performance review. Management of every organization must be able to elaborate the general performance score they assign. Therefore the need for the managers to know a clear understanding of the performance ratings. Performance management may include plans for future progression. These plans include attending specific requirements for existing work performance for future tasks. Performance management goals should be well articulated. For both workers and supervisors should have clear picture of the expected result, ways to determine success, and the time bound for accomplishing the task. Managing performance requires managers who would determine how much coaching employees need meeting their tasks. That is, a worker may need significant coaching on one assignment and be able to finish the other fully independently. References Bartel, A. P. (2014). Human resource management and performance in the banking industry. [Special topic:] Proceedings of the 51st Annual Meeting. Economic and business review,, 215-218. C, K. F. (2013). Strategic Humqan resource Management and Resource-based approach. Management Research news, 50-68. Hurst, J., J, M. (2010). Performance Measurement and Performance Management. OECD Publishing, 34-45. J, M. (2012). Human Resource and Manufacturing Performance. International Journal of Operation, 72-87. Peljhan, D., T, M. (2014). Dynamics between control management and strategy . Performance measurement and management, 50-62. Rizov, M., Crouche, R. (2009). Human resource management and performance in Ausralia firms. Cambridge journal of economics,, 252-273. Shutler, Storbeck. (2012). Performance Mnagement. Journal of the Operational Research Society,, 352-412. Storbeck, J. E. (2010). Human Resource MAnagenent- Performance Management. Journal of the Operational Research Society, 7-25. Wright, P. M. (2009). Requisitely holistic development methods for improving human resource performance. International journal of human resource management, 543-623. Z, N. O. (2015). The link between human resource management and company performance. Journal of East-West business,, 332-453. Zupan, N. (2011). Human resource management 's relationship to company performance. The global business handbook,, 189-214.