The article provides an insightful picture of how performance is dependent on a combination of different factors, by offering theories, equations and past researches as a tool.
The basic underlying aim of this article is to assess and identify the factors which help in enhancing performance both of the individual as well as of the organization and investigate various means by which performance can be enhanced. The study is likely to provide interesting insights regarding the factors which drive performance, the role and significance of culture, and methods that organizations can and must adapt to motivate their employees to perform better.
Performance: The term performance as defined by Schermerhorn et al, (1982) is “a measure of the quantity and quality of contributions made by an individual or group to the production purposes of the work unit and the organization”
Performance is one of the most crucial elements in the success or the lack thereof of an organization and is directly related to various factors such as individual work behavior, and the extent and quality of contributions made towards achieving the organizational goals. According to researchers several other personal character traits of an individual also contribute towards enhancing organizational performance such as age, gender, required task-related skills, as well as knowledge and experience. It is extremely important for employees to have a basic understanding of what is required of them and make the necessary contributions accordingly. The management can play a significant role in enhancing performance by adopting liberal job enrichment models such as goal setting, identifying and acknowledging the development and career-related aspirations of their employees, and setting up efficient and fair reward system for commending the employees’ efforts towards achievement of organizational objectives.