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Essay / Research Paper Abstract
This is a 3 page paper that provides an overview of organizational measurements. This includes process-related, human resources, and financial measurements. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: KW60_KFbiz018.doc
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Unformatted sample text from the term paper:
out effective assessments of this nature is to first identify useful measures related to the different organizational functions and processes in question. This paper will explore the utility in a
variety of basic organizational measures, revealing how they can be utilized to inform organizational strategy and achieve more productive outcomes. This paragraph helps the student introduce the measures to be
evaluated. First and foremost, all assessments of an organization must begin with the people who make up that organization. This measures that human resource measures are of the utmost importance.
The most fundamentally useful and common of all human resource measures is the performance evaluation. In this case, the performance of a particular employee is evaluated against established benchmarks for
what the organization hopes to achieve. For instance, an employee in IT might be evaluated by a benchmark related to system downtime. If the organization had established a goal of
99% uptime, this is the standard by which the employee would be evaluated. Nextly, an organization must be evaluated in terms of its finances, as the core purpose of
a business is to generate profits. This means that financial measures such as a basic profit and loss analysis are of great usefulness in assessing the state or an organization.
Basic analyses of profit and loss can contribute to the development of sound budgets, which are a "major component of managerial control" and "offer a frame of reference for performance
evaluation" (Nicolae & Anca, 2010). At some point, the organization must turn its gaze outward and attempt to analyze the position of the organization within the broader context of
the market as a whole. This is often difficult to do by way of direct financial measurements, as one may not have access to the profits and earnings of competitors
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