Organizations Performance

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An organization’s performance is vital for their success and it is important that all employees are on board with making sure the performance is of high quality. It differs from other evaluations within the company because the performance evaluation “focuses on the organization as the primary unit of analysis” (Evaluating the Performance of an Organization, 2012). Within an organization’s performance it helps determine the actual output or end results of an organization against the intended outputs or goals for the organization (businessdictionary.com). The product market performance is also included in an organizations performance. Some tools can help the organization change or “improve their policies on behalf of greater preparedness…show more content…
When focusing on the process of management it is important for the company to look at strategy, planning and budgeting and understand the difference between each of them yet understand how each one works with each other to make it successful.
“Strategy is a high level plan to achieve one or more goals under conditions of uncertainty” (businessdictionary.com). For a business to be successful they need to implement some sort of strategy. Strategy is important because it helps to utilize all of the resources that are available or could be available for the project at hand. Most of the time resources are usually limited and in order to achieve the goals that the company has set in place making sure the strategy is set in place will help the process flow more smoothly. “Strategy is also about attaining and maintaining a position of advantage” over the opponents, or competition that is able to have flexibility instead of having to stick to any specific fixed plan. By allowing there to be slight flexibility that allows the company to try to keep an advantage over the competition and stay ahead compared to the other organizations.
Planning “is the process of thinking about and organizing the activities required to achieve a desired goal” (businessdictionary.com). Strategy could be considered the first step and then planning would be the second step in achieving the desired goal for organizational
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