The document outlines the key stages of an effective management cycle: 1. Planning - Goals are set at both the organizational and individual levels to ensure alignment. SMART goals are used. 2. Monitoring - Goal progress is regularly tracked through check-ins to address any issues and ensure productivity. 3. Reviewing - A performance review evaluates final results and the process used to achieve goals from both manager and employee perspectives. 4. Rewarding - Recognizing and rewarding success through bonuses, promotions, and recognition increases engagement and motivation.