Question
Performance is the end result of an activity, and the activity must be carried out in the most efficient and effective manner possible. Managers must
Performance is the end result of an activity, and the activity must be carried out in the most efficient and effective manner possible. Managers must also focus on organizational performance which is the accumulation of the results of all organizational work activities. A manager certainly wants to get optimal organizational performance to be able to provide evidence to management of his performance as a manager. Organizational performance can be assessed from several things, including: ORGANIZATIONAL PRODUCTIVITY. Productivity is the amount of goods or services produced divided by the inputs needed to produce that output. Organizations and individual work units want to be productive. They want to produce the most goods or services using the least amount of inputs. Output is measured by sales revenue. ORGANIZATIONAL EFFECTIVENESS. Organizational effectiveness is a measure of how well the organization's goals are and how well those goals are being met. That's the point for managers and this is what guides managerial decisions in designing work strategies and activities and in coordinating the work of employees. INDUSTRY AND COMPANY RANKING. Ratings are a popular way for managers to measure the performance of their organizations. Because the ranking can show with certainty the company's position in business competition with certainty. Company ranking is determined based on many specific aspects, and is usually carried out by an institution such as Fortune and Forbes who are credible in determining the ranking of an organization. Managers need the right way to monitor and measure organizational performance to ensure each organizational goal is achieved effectively and efficiently. The discussion topics for this week are: 1. Name and explain the types of control 2. Why is financial control and information control important for the company? 3. What are the measuring tools that can be used to measure organizational performance?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started