Earlier quoted context omitted.
This article is a nice example of quality clickbait. Title: 'Performance Reviews Are A Waste Of Time', ooh contentious. The lede, 'formal performance reviews are a waste of time...', switched 'performance review' for 'formal performance review' while you weren't looking. Now he's set up a new context for his answer - 'a different type of performance review' (where the process starts with a self-assessment)! Lovely.
Bonus points if the author runs a consulting company specializing in alternative performance reviews or a SAAS startup building software to facilitate them. :-)
Please, if anyone has ideas about what a good performance management SaaS would look like - share!