Performance Management Frameworks

What is the Balanced Scorecard framework?

• A cooking recipe

• A strategic planning and management system focusing on financial, customer, internal processes, and learning and growth perspectives.

• A weather forecasting model

• A fitness program

Explain the SMART goals framework.

• The SMART goals framework is a method used to set specific, measurable, achievable, relevant, and time-bound objectives.

• In the SMART goals framework, the acronym stands for Simple, Meaningful, Attainable, Realistic, and Timely goals.

• SMART goals stand for Specific, Mandatory, Ambiguous, Random, and Temporary objectives.

• The SMART goals framework focuses on setting vague, unmeasurable, unachievable, irrelevant, and open-ended objectives.

What is the 360-degree feedback framework?

• The 360-degree feedback framework excludes feedback from peers and subordinates.

• The 360-degree feedback framework focuses solely on self-assessment.

• The 360-degree feedback framework involves only gathering feedback from supervisors.

• The 360-degree feedback framework involves gathering feedback from various sources such as peers, subordinates, supervisors, and self-assessment to provide a comprehensive view of an individual's performance.

Describe the MBO (Management by Objectives) framework.

• MBO framework is solely based on individual goal setting

• MBO framework focuses on micromanaging employees' tasks

• MBO framework involves setting goals collaboratively, monitoring progress, and rewarding based on achieving objectives.

• MBO framework does not involve monitoring progress

What is the OKR (Objectives and Key Results) framework?

• The OKR framework is a cooking recipe for baking cakes.

• The OKR framework is a goal-setting methodology that helps organizations define and track objectives and their outcomes.

• The OKR framework is a popular dance move.

• The OKR framework is a type of car engine.

Explain the Goal Setting Theory framework.

• The Goal Setting Theory framework suggests setting goals that are constantly changing and inconsistent, which hinders motivation and performance.

• The Goal Setting Theory framework involves setting specific, measurable, achievable, relevant, and time-bound goals to enhance motivation and performance.

• The Goal Setting Theory framework involves setting vague, unmeasurable, unachievable, irrelevant, and open-ended goals to enhance motivation and performance.

• The Goal Setting Theory framework focuses on setting goals that are not time-bound, leading to decreased motivation and performance.