Managers Role in Redefining Performance Management

Abstract

The key factors that influence the performance of each company today, such as globalization, innovation, technology development, demography, society, respectively cause some changes in firms. These changes may have positive or negative effect on employees, therefore whole organization. Successful companies with long-term focus on innovation need to be flexible, adapt the changes and do not let this changes cause misbalance. As employees are the main characters in company, who drive and generate ideas and creativity, it is essential to maintain the balance. This is mainly managers’ responsibility. The key determinant to innovation is organizational culture and managers are the ones who are responsible for creating and inculcating strong, innovation-oriented corporate culture. Thus, their role is very important in process of changes. This is the main issue to be discussed in this article accompanied by analysis of the relevant researches