Overview
Organizational performance is a critical aspect of business management that focuses on how well an organization achieves its goals. It involves the use of performance metrics to measure success and identify areas for improvement. Policies play a vital role in guiding decision-making and ensuring tha...
Key Terms
Example: Sales growth rate is a common performance metric.
Example: A company may create a five-year strategic plan to increase market share.
Example: A workplace harassment policy outlines acceptable behavior.
Example: Kaizen is a method of continuous improvement in manufacturing.
Example: The implementation of a new software system requires training.
Example: Monitoring employee performance helps identify training needs.