Improved effectiveness: Board and stakeholders provide a standard approach with the ability to ask right question. Boards, business and IT departments can communicate effectively between themselves and their suppliers. Customers and supplier engage in a familiar process by addressing questions and providing information which increases the productivity. Candidates can be hired more easily with recognised expertise and become more effective. Addressing Emergent issues: Adoption of a standard approach provides a common framework for addressing new technology developments and emerging threats. A standard approach enables a best solution to be implemented effectively and efficiently. Recognised best practice: A standardised approach assures boards
It adds value to the business i.e. it enhances the business operations which would inturn have a positive impact on the business
BT can increase company performance and set themselves apart from the competition. Simply by discussing what type of communication works will with each individual, along with reviewing each individual in action BT can then begin to map out exactly what type of communication is most effective in the work place. Whether that be via electronic mail, face to face conversation and so on.
It allows everyone from top to bottom to have a clear understanding of the company’s objectives and what is expected from them, it also reduces the risk of confusion, waste of time, money and energy among the three levels of management.
▪ ‘Soft’ benefits such as the acceleration in the ability to close financial books, improved availability & better quality of information to aid decision-making, substantial reduction of time spent by employees in collecting data thus providing them more time to analyzing it i.e. increased efficiency and productivity, better visibility into customers and products, and greater flexibility to the management in acquiring new businesses and divesting existing ones.
An opportunity to staff new businesses with qualified people. These people can help streamline processes, bring fresh ideas to the organization.
If an employee is under-performing for any reason this will have a negative impact on the
Produces better information and can deal with a wider range of issues due to receiving input from people from a range of professions and considering issues in significant details (Serapioni & Duxbury,
Due to the greater encouragement, it reduces employee turnover and increases efficiency. This causes the company to be able to fulfill their goals and objectives that have been both created and managed through the strategic management process.
1.Quality: Other staffs members can help one and other and make sure they have the correct knowledge. This will save the company testing their employee’s knowledge. Also the fact that staff members are providing a quality service to customers could potentially increase staff morale because they see that their customers are happy with their
* To help the employees in identifying the knowledge and skills required for performing the job efficiently as this would drive their focus towards performing the right task in the right way, which in turn helps work towards the business objectives as their
1. Generally, when we allow people to participate in decision making in any sort of group, we encourage group ownership, positive participation and openness to receiving, embracing and promoting change. Involving staff can significantly increase the business readiness to accept even difficult changes within the business.
E. Continued focus on improving efficiency and effectiveness in the organisation, from procurement, to supply chain to customer service delivery.
With the information, the team gains a better understanding of the market and targets potential clients more precisely, which enhances working efficiency.
4.It provides a means for the company’s experience. This can serve as the basis for training staff and thus for improving performance.
For achieving its Vision and Mission, the company seeks support from all stakeholders. For growing customer base, highest level of customer satisfaction and achieve greater business success, the company seeks active involvement and support from its suppliers, its customers, and most important from its