Performance Indicators and Organizational Management
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The paper shows that a performance measurement system is an important tool in managing an organization as it allows an organization to define what is important to it and helps an organization ensure that its objectives are met. It shows, too, that the more complex an organization becomes, the more important an effective performance measurement system becomes. The paper covers areas such as key performance indicators (KIP's) and balanced scoreboards.
From the Paper:"With many departments, management can lose sight of overall objectives. Having to assess and define the measurement system allows the company to clearly define what is most critical to its success. An effective management system then allows the company to monitor these factors and have a clear picture of the progress of the company. This is essential for monitoring the operations of the company and ensuring strategic objectives are being met."
Cite this Analytical Essay:
Performance Indicators and Organizational Management (2003, February 03) Retrieved October 22, 2020, from https://www.academon.com/analytical-essay/performance-indicators-and-organizational-management-8518/
"Performance Indicators and Organizational Management" 03 February 2003. Web. 22 October. 2020. <https://www.academon.com/analytical-essay/performance-indicators-and-organizational-management-8518/>