High Performance Companies Focus on Performance Management
December 31st, 2009 Gireesh Sharma
We often listen from the successful business leaders that “People are our strength”. Recently I read the book “The High Performance Entrepreneur” written by Subroto Baghchi. He is co-founder and Chief Operating Officer of Mindtree Consulting, one of India’s most admired software companies.
Mindtree has grown from 0 to 3500 people and crossed $ 102 Million in revenue, all in six years, making it one of the highest performing companies in India.
Based on Subroto’s personal experiences, the book is all about entrepreneurship and how an organization can achieve high growth. Being involved in development and implementation of Performance Management Systems, one paragraph caught my attention.
Under chapter “Getting Good People and Keeping Them”, Subroto says’ “I can never overstate the importance of five things in managing high performance professionals: setup a performance management system that everyone understands, communicate with people with evangelical regularity, listen to the voice of your people through forums and regular perception surveys that are conducted by an outside agency, focus on development of leadership and finally create a support network for your leaders. If an organization knows how to do these five things right, it can scale without breaking up.”
He further tells about the processes at Mindtree, “The annual business plan of the company flows from the vision and in turn, determines the allocation of the resources. Individual objectives then flow out of the annual plan and people get their performance evaluation done at the end of the year, based on these objectives.” Read the rest of this entry »
Posted in Employee Appraisals, Employee Rewards | 4 Comments »
