Consider the topic of measurement and appraisal. How should a company go about measuring its performance?

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• Consider the topic of measurement and appraisal. How should a company go about measuring its performance? How can/should that measurement be used to assess the validity of the mission and vision of the company?
What is the main reason for individual performance reviews? What types of things other than goal completion should be discussed? How often should this be done?
What are the pros/cons of the “GE” rank them and turn them approach to performance appraisals. What factors might have lead GE to think this is an effective way to measure/reward performance?

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