solved PART 1Choose a hospitality business to profile, then choose one

PART 1Choose a hospitality business to profile, then choose one (or a combination) of the performance management evaluations we discussed. Explain why you chose that evaluation style, why it’s a good fit for that business and how it would workIdentify any obstacles or issues you may face Create two SMART goals for employees that would be used in the performance review for that companyHow do the SMART goals relate to your evaluation? (ie. How are they evaluated?)PART 2 For the same business (or a different one), choose one (or a combination) of the compensation methods/ideas we discussed. Explain why you chose the compensation method and how it will work. Why is it a good fit for the employee(s)? Why is it a good fit for you as the employer?Identify any obstacles or issues you may encounter. What would you put in place to mitigate the potential issues?PART 3Answer the following questions:What is the purpose of a performance review?Why do performance management systems fail?What is the craziest (or best) compensation/benefit that you have discovered in your research?NOTE: This is an individual assignment. You can use the same or different businesses for Part 1 and Part 2.