What Are the Challenges in Performance Management for Startups?
Entrepreneurs often face unique challenges when implementing performance management systems, such as: - Limited resources: Startups may lack the financial and human resources to invest in comprehensive performance management systems. - Rapid changes: The dynamic nature of startups means that goals and priorities can change quickly, making it hard to set stable KPIs. - Cultural resistance: New businesses often struggle to build a culture that values performance management. - Lack of expertise: Entrepreneurs may lack the HR expertise required to design and implement an effective system.