Performance management is a systematic process for improving organizational performance by developing individual and team performance. It aligns individual objectives with organizational objectives to ensure corporate values are upheld. Performance management focuses on continuous review and future development, unlike performance appraisal which is backward-looking. The objectives of performance management are to align goals, improve performance at both individual and organizational levels, provide personal development, develop a performance culture, and inform compensation decisions. The process involves role definition, performance agreements, improvement plans, reviews, and developing personal growth. Improving individual performance requires increasing ability, motivation, and opportunity through recruitment, selection, learning, rewards, and skill development chances.