Asia Pacific Journal of Marketing & Management Review__________________________________________ ISSN 2319-2836 APJMMR, Vol.4 (4), APRIL (2015), pp. 31-43 Online available at indianresearchjournals.com MANAGEMENT BASED PERFORMANCE APPRAISAL SYSTEM: A CASE OF BHEL FOLLOWING THE FOOT PRINTS OF GE MS. MANJARY SHARMA*, DR. VIVEK MITTAL** *RESEARCH SCHOLAR, PUNJAB TECHNICAL UNIVERSITY. **DEAN, CGCTC JHANJERI. ABSTRACT Performance appraisal is systematic evaluation of the employee with respect to his performance on the job and his potential for development. It was Peter Drucker the great management expert, who proposed goal settings approach to performance Appraisal System. He emphasized that objectives are needed in all areas where performance and results vitally affect the survival and growth of the organization. The performance that is expected from the Executive/Manager can be derived from the performance goal of the organization. Individual results must be measured by contribution, he makes to the success of the enterprise. This is precisely M.B.O. based Performance Appraisal System. The Appraisal System on M.B.O. philosophy was introduced by General Electric USA in the year 1954, as a part of their executive development Plan. Bharat heavy Electrical Limited(B.H.E.L) a leading public sector undertaking with NAVRATNA STATUS has endeavored to introduce the performance Appraisal System based on M.B.O. philosophy. The company is a leading Power Plant manufacturing Company has a mission to become “World Class Organization”. The study aims to have complete analysis of the Performance Appraisal System of the company by going into detail of structuring the main instrument and the contribution of the system in achieving corporate objectives. KEYWORDS: development, management, organization. REFERENCES 1. Drucker Peter – The Practice of Management, Harper and Brothers, New York, 1954, p.63, 101. 2. Ordiorne, George – Management by objectives, Pitman, New York, 1965, p. 26. 3. Yoderdale – Personal Management and Industrial relations. 4. Drucker Peter – Management Tasks, Responsibilities, Practices, Allied Publishers Pvt. Ltd., Bombay, 1975, p. 100. 5. Theresa M. Welbourne, Diane E. Johnson and Amir Erez: The Role-Based Performance Scale: Validity Analysis of A Theory-Based Measure, Academy of Management Journal, 1998 vol.41 no.5 , p. 540-555. Asia Pacific Journal of Marketing & Management Review__________________________________________ ISSN 2319-2836 APJMMR, Vol.4 (4), APRIL (2015), pp. 31-43 Online available at indianresearchjournals.com 6. Annual Reports, Balance sheets and employees performance policy documents referred from sources of BHEL. 7. Christian Bøtcher Jacobsen, Lotte Bøgh Andersen, Performance Management in the Public Sector: Does It Decrease or Increase Innovation and Performance?, International Journal of Public Administration, 2014, p. 41, 17,1009. 8. Noore Alam Siddiquee, The Government Transformation Programme in Malaysia: A Shining Example of Performance Management in the Public Sector?, Asian Journal of Political Science, 2014, p. 22, 3, 268 9. Roland F. Speklé, Frank H.M. Verbeeten, The use of performance measurement systems in the public sector: Effects on performance, Management Accounting Research, 2014, p. 27, 37, 129-137. 10. Chung-An Chen, Barry Bozeman, Organizational Risk Aversion: Comparing The Public and Non-Profit Sectors, Public Management Review, 2012, p. 5-17,376, 379. 11. Dev Raj Adhikari, Human resource development (HRD) for performance management, International Journal of Productivity and Performance Management, 2010, p. 59, 67, 79, 114. 12. Frank H.M. Verbeeten, Performance management practices in public sector organizations, Accounting, Auditing & Accountability Journal, 2008,p. 21, 3. 13. Deanne N. Den Hartog, Paul Boselie, Jaap Paauwe, Performance Management: A Model and Research Agenda, Applied Psychology, 2004, p. 53-57. 14. Mark A. Griffin, Andrew Neal and Sharon K. Parker: A New Model of Work Role Performance: Positive Behavior in Uncertain and Interdependent Contexts, Academy of Management Journal, 2007 vol. 50 no. , p. 327-347.