Understanding the Feasibility of the Common Set of Performance Management Planning Based on Hofstede’s Framework of Cultural Dimension
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v2i3.364
Abstract
Performance management is one of the most important parts of human resource management practice and policy. Multinational Corporations pay more attention to their performance management and to help their corporation becomes a high-performance organization. The performance management (PM) system is a necessary part of Multinational Corporation’s management system. On the other hand, the performance system has close relationship with rewards, development and job analysis which is other important part of human resource management in multinational corporations. Multinational corporations work hard to improve their performance management practices ensuring their employees, teams and their business units complete their objective output. The employees and organizations have been driven by the important performance tools which impact both on individuals and team’s performance. This paper introduces the multinational corporation’s performance management system and compares the performance management characteristics and the feasibility of the common set of performance management planning of French companies and Chinese companies based on Hofstede’s framework of cultural dimensions.
Keywords
performance management, multinational corporations, Hofstede’s framework
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