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Performance Management refers to the systematic process of planning, monitoring, and improving performance within an organization. It involves identifying and setting clear expectations for employee behavior and work outcomes, assessing progress towards those goals, providing feedback and coaching to improve performance, and recognizing and rewarding strong performance. Performance management is closely linked with business strategy, as it helps ensure that individual and team efforts align with organizational objectives. It also plays a critical role in human resource management by supporting talent development, retention, and succession planning. Additionally, performance management can contribute to organizational development by fostering a culture of continuous learning and improvement. Ultimately, effective performance management can help organizations achieve their goals more efficiently and effectively, while also enhancing employee engagement and job satisfaction.