Describe how a performance management system is different from an annual performance appraisal event. What makes it

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Question:

Describe how a performance management system is different from an annual performance appraisal event. What makes it more effective? What happens when the entire process is not followed? What are some of the negative impacts of poorly conducted performance appraisals? Be detailed in your response and share few examples of what you have observed in your previous or current organizations.