subject: Review Process - A Process To Understand Company [print this page] Review of a company is mainly done to meet the goals which are the set by the company itself. A review process can be defined as the annual performance appraisal to an all-encompassing performance management policy that includes development, compensation, and succession plans. Review process is carried a set pattern. There is a definite cycle which is followed while completing the review process. . A lifecycle is the sum of all the phases that make up your companys review process from start to finish. After the completion of one step the next step is followed. The life cycle of a review process can be explained as follows:
1.Planning Phase This phase is the initial phase and performed at the beginning of the year that allows a manager and employee to determine and plan that what content should be included in the performance appraisal form.
2.Progress Check Phase In this phase the manager and the employee meet to touch-base on their progress to date. So this can be termed as the analysis phase which requires a lot of analysis on the progress.
3.Assessment Phase After few months of progress check phase, Assessment Phase is done in which the manager and employee taking the base of the appraisal form evaluate the employee on the exhibited achievements of the year.
4. Final Analysis Phase In final phase the manager determines the reward and compensation to the deserving employee. This reward is given on the basis of the data which is collected in the assessment phase.
Online Reviews A great help in Success in business
Online reviews play a vital role in consumer buying behavior with the information that is provided on the internet. It can be noticed that before making a significant purchase most of the people first check reviews from Amazon, Google and others. In recent years online reviews have become one of the quickest ways to make or break a local companys worth by accomplishing in a very short interval of time. This task which took a long time in mouth marketing can be completed in seconds if we adopt the technique of the online marketing. Recent research shows that 70% of Americans say they consult product reviews or consumer ratings on internet before making a purchase. This concept can be explained by an example. Cartridge Discount is one such product whose company reviews were good. So the people started using this product and the business showed a gradual growth. So it can be concluded that company reviews whether on internet or on any other means play an important role and works as a success factor for the company. But while relying on these reviews it is advised to check the credibility of the review site and the reviews. From the recent research it is found that 30% of the total reviews are fake in nature. Fake reviews can be harmful both for the company and the customer. So take appropriate measures to deal with this problem otherwise fake reviews can harm the reputation of the company.
