Systems Model And Its Components Essay

Key Performance Indicators (KPI) are navigational tools. These tools ensure a company stays on target with their goals (Marr, 2012). In this analysis there are two core goals under evaluation. They are: • Increase market share • Increase profitability (Sharma, 2011). Walmart and Kroger are both working toward the core goals listed above.

Given such a turbulent business environment, building relationships with important stakeholders is crucial to a firm’s well-being. Both customers and employees are major concerns for firms that want to develop loyalty and competitive advantages. The challenge for long-run success in business is to continually increase the customer’s dependence on the company to provide products in an environment of mutual respect and perceived fairness. Creating mutually beneficial exchange relationship with customers mean that both parties work together to understand needs and develop trust.

When it comes to key performance indicators, Cabrey & Haughey (2014) note three metrics that are customarily used. Those metrics are customer satisfaction, cost reduction, and sales and/or profits. A fourth metric that is often used is employee morale. To measure the success of its change initiative, the league must measure the satisfaction of its fans, whether or not it is saving money on its legal issues, and whether or not ticket sales are increasing.

A system is a set of interrelated parts. Systems theory assumes that a system must be understood as a whole, rather than in component parts. It is a way of looking at the world where all the objects are interrelated with one another. Many family systems are addressed in the movie Little Miss Sunshine.

A system is “A set of interrelated and interdependent parts arranged in a manner that produces a unified whole” (robbins 2006), and Systems theory is the

a. How was the Hoosier Burger project identified and selected? What focus will the new system have?

Measuring performance means when a business will measure the quality of the activities that are passing and the quality of the services provided to the customers by employees. It involves creating a simple, but effective, system for determining whether organizations meet objectives. It’s also a process of collecting and reporting information regarding the performance of an individual, group or organizations. It can

* Organization performance - defines mission, values, strategies, task standards performance measures and they monitor and develop organizational team and individual performance

For examples, if the goals of a company are to increase ordering on a website, boost sales and improve revenue, the Key Performance Indicators (KPI) will be based on the percentage of conversion rate, average visit duration, order size and ratio of new potentials unit per day or week or month.

An employment relationship describes the dynamic, interlocking economic, legal, social and psychological relations that exist between individuals and their work organizations. Palgrave Macmillan (2013), Glossary [online] Available at: < http://www.palgrave.com/business/brattonandgold/glossary/glossary.htm> [Accessed 17th September 2013]. Factors that impact on this relationship both have a detrimental effect to the running of a business. I will focus on two internal and two external. These being:

4.1 Performance Indicators are quantifiable measurements, agreed to beforehand, that reflect the critical success factors of an organization. They will differ depending on the organization.

Systems approach is based on the fundamental principle that all aspects of a human problem should be treated together in a rational manner (Healy, 2005). I have divided this essay into relevant sections that cover an overview of systems ideas, general systems theory and ecological systems theory. This assignment will also include Germain and Gittermans life model, and it will be related back to the case study that has been provided. Limitations of systems theory will also be discussed.

A Key Performance Index (KPI) also called Key Performance Indicator which is a measurable value that demonstrates how effectively a company is achieving key business objectives. Organizations use KPI at multiple levels to evaluate their success at reaching targets. Hence, performance appraisal involves determining and communicating to an employee how he or she is performing the job and, ideally, establishing a plan of improvement. Performance appraisal of workers that apply KPI has its own advantage and disadvantage.

General system theory focuses on the interaction or the relationships between components that contribute to the system as a whole.

System engineering is an involvement or combination of more than one discipline to achieve customer requirements within constraints. It develops a system which solve complex engineering problem with the contributions of different discipline perspective and produce the optimal solution in order to meet the requirements. System engineering prioritize in the customer needs and acquire functionality early in the development process[4]. It then proceeds into the design phase and validate the system as a whole complete problem[4]. System engineering incorporate all discipline and turn them into a group effort and goes from a concept to production to operation[4]. System engineering is important in a complex problem because it able to turn an initial idea into a fully descriptive system with all the essential elements integrated into a complete whole system[2]. These can then serve as a basis of decision making. In other words, it serve as a starting point to solve a complex engineering problem. It can also helps to maintain project going in the right direction in an orderly manner. Moreover, system engineering able to minimize error in a project because it considers every aspect that might affect the project and evaluate it as a whole. The term was first seen in 1940s back in the Bell Telephone Laboratories[1]. It is difficult to determine the exact origin of system engineering but many agree that it was introduce after World War II[3]. During this time both the race