Why Is It Important for Managers to Appraise Subordinates' Performance

question 61

Essay

Why is it important for managers to appraise subordinates' performance? Provide three reasons for performance appraisals.

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Definitions:

Nationalization

The process by which governments take private assets into public ownership, usually key industries or resources.

State-Owned Enterprise

A business entity that is owned and operated by the government in order to provide goods or services to the public.

Environmental Needs

Environmental needs refer to the essential conditions and resources required for ecosystems and human life to thrive, including clean air, water, soil, and suitable climatic conditions.

Indirect Benefits

Advantages that are not directly attributable to a specific action but result from it.