Development of Performance Evaluation Model for Public Sector Industrial Organizations in Kerala
Sibu C. Chithran1, K.S.Chandrasekar2
1Dr. Sibu C. Chithran, Professor and Head, Department of Management Studies, Mangalam College of Engineering, Ettumanur, Kottayam (Kerala), India.
2Dr. K. S. Chandrasekar, Professor and Dean, IMK, University, (Kerala), India.
Manuscript received on 21 September 2019 | Revised Manuscript received on 06 October 2019 | Manuscript Published on 11 October 2019 | PP: 844-854 | Volume-8 Issue-2S10 September 2019 | Retrieval Number: B11540982S1019/2019©BEIESP | DOI: 10.35940/ijrte.B1154.0982S1019
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The performance of public sector industrial organizations always occupies in the front page of newspapers and headlines among mass media. The public sector industrial organizations in Kerala, in fact, suffer from various problems all the time. The aim of the study was to examine the systems of performance evaluation existing in the various public sector industrial organizations under manufacturing sector in Kerala and to identify the relevant criteria for establishing an objective performance evaluation system and to develop a model for proper evaluation. An attempt was also made to highlight the real problems with a view to suggest remedial measures. To achieve the objectives an extensive in-depth literature review as well as an elaborate field survey were carried out. For the investigation in the field, 18 industrial organizations from among 42 existing public sector industrial organizations in Kerala under manufacturing sector were selected and with the help of a set of structured questionnaires/interview schedules, the required data for the purpose were collected through personal interviews and discussions with the concerned managing directors/chief executives and department heads of the organizations. The data collected were analyzed scientifically using appropriate statistical tolls and interpreted. The findings thus obtained were made along with the respective recommendations.
Keywords: Performance Evaluation, Public Sector Industrial Organizations, Manufacturing Sector, Corporate Management, Model Development.
Scope of the Article: Industrial Engineering