Final answer:
Miltridge InfoTech follows principles of performance management by setting clear, specific, and attainable goals and systematically monitoring employee performance, which is essential for growth and organizational success.
Step-by-step explanation:
Miltridge InfoTech, a software firm, is operating on principles that are aligned with the concepts of performance management and goal setting in the workplace. By providing its employees with clear, specific, and attainable goals, the company sets a direct path for success, ensuring that expectations are understood and can be met.
The fact that the company also monitors and keeps track of employee performance suggests a systematic approach to evaluate progress and provide feedback, which is crucial for growth and improvement.
To contextualize this with a hypothetical example, let's consider Technotron, a fictional American company. Technotron developed a new scientific technology that increased the output and quality of its goods while requiring fewer workers and lowering costs.
The invention likely necessitated that employees have specific knowledge and skill sets to operate the new technology, and clear goals and performance monitoring would be essential to ensure staff effectiveness and the overall success of the company.