The Complexity Of Today 's Global Economic Landscape And The Ever Evolving Trends

702 Words Jun 8th, 2015 3 Pages
The complexity of today’s global economic landscape and the ever-evolving trends provides very little opportunity for businesses to achieve significant results without a strong performance culture. Companies are now paying more attention to their resources and their relative performances by analyzing big data and minutely examining their internal processes for optimal efficiencies. Companies are continually increasing the performance expectations and set high standards for performance.
You will never get there if you do not define your destination. If one do not set targets, will not achieve anything that can make any difference. Setting goals and measuring them provides insight how far you have come and how far you need to go further. This aprpaoch is indespensible for perfromance measuremnt proceses. Moreover this can be done by adjusting efforts to achieve goals quickly and efficiently by listing to the measurement result indicators and improving on underperforming contributors.
Setting and measuring goals send a message that how determined buiness is about these objectives. As buiness managers will agree that what gets measured gets done. As setting targets establish parameters for judgment.
Performance measurement is a very dynamic process that demands an active, systematic measurement approach. As discussed previously there has been various methods developed in the past few decades for performance measurements; however the most acceptable and regarded approach is the…

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