Organizations Performance Essay Example for Free

Organizations Performance Essay 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 â€Å"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 â€Å"improve their policies on behalf of greater preparedness for the many futures ahead† (NYUWagner, 2011). Different areas and tools are used to determine the organization’s performance and how well they either are doing or how much improvement the organization needs to bring their performance up. â€Å"Organizations are constantly trying to adapt, survive, perform and influence† but that does not always mean they are successful at doing what they do (Evaluating the Performance of an Organization, 2012). One way that an organization can better their performance is by conducting an organizational assessment to diagnose their current performance to see what is working and what could use a little bit of improvement. This â€Å"tool can help organizations obtain useful data on their performance, identify important factors that aid or impede their achievement of results, and situate themselves with respect to competitors† (Evaluating the Performance of an Organization, 2012). The main four tools for organizational performance are effectiveness, efficiency, relevance, and financial viability. â€Å"Effectiveness is the capability of producing a desired result† (businessdictionary.com). This means that if something is considered to be effective then it has an intended or expected outcome which is what is used in the organizations to determine if what is set in place is working effectively or if additional changes need to be made. There is sufficient reason and means with effectiveness and that is to accomplish a purpose. Without a purpose there is not an effective meaning behind conducting business or maintaining a successful organization. Effectiveness is a very good tool for organizations and managers to understand and become familiar with to be on the right track for success. Another tool that management should be familiar with and make sure the organization is doing is efficiency. Efficiency is not to be confused with effective even though sometimes they are mixed up and confused. â€Å"Efficiency describes the extent to which time, effort or cost is well used for the intended task or purpose† (businessdictionary.com). Typically efficiency is used with the specific purpose of relaying the capability of a specific application of effort to produce a specific outcome effectively with a minimum amount or quantity of waste, expense, or unnecessary effort (Evaluating the Performance of an Organization, 2012). Relevance is a basic tool but one that can help in the success of an organization. It is â€Å"the ability to retrieve material that satisfies the needs of the user† mostly in the terms of an informational retrieval system (businessdictionary.com). Management need to have relevance in order to be successful because they need to be able to pull the necessary information from production, departments, and other sources to see if what is being produced or utilized is satisfying their requirements or not. For a business to be effective they need to â€Å"strive for the best possible economic results from the resources currently employed or available† (Drucker, 1963). Having an effective business is the key for the business to be able to grow and establish themselves as a company and within the community. Several different techniques are used to allow the business to become effective. One of the keys for successful management â€Å"is to examine the marketplace† and focus on the process of management versus the output (Drucker, 1963). 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. â€Å"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. â€Å"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 â€Å"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 su ccess. Planning involves the construction and maintenance of a plan. â€Å"This thought process is essential to the creation and refinement of a plan† or combination of it with other plans (NYUWagner, 2011). Planning typically combines forecasting of development with the preparation for how the organization should react to these situations. For the organization to remain successful it needs to understand the importance and relationship between planning and forecasting. â€Å"Forecasting can be described as predicting what the future will look like† or what the future might hold for the company and â€Å"planning predicts what the future should look like† (NYUWagner, 2011). Organizations that do not understand the difference between planning and forecasting will not be as successful as the organizations that do. This is because looking at the numbers of what something might look like and what it should look like are two different ways of planning. For a business to be successful the need to focus on planning so their predictions are what the future should look like to be successful and stay on the right path. Budgets are also incorporated with strategy and planning, they all intertwine together. â€Å"A budget is a quantitative expression of a plan for a defined period of time† (businessdictionary.com). Several different factors can be associated within a budget such as sales volumes and revenues, resource quantities, costs and expense, assets and liabilities, and even cash flows. The budget â€Å"expresses strategic plans of business units, organizations, activities or events in measurable terms† (Evaluating the Performance of an Organization, 2012). For a company to have success in their daily operations they need to make sure the stay on budget and current with all of their projects. Many organizations create a budget for each plan however they do not follow through with the budget. It is one thing to create a budget for a product and it is another thing to actually follow through with the budget and make sure everyone stays on track. If the company goes over budget then the planning and strategy process were not calculated correctly. Everyone involved within the project needs to be familiar with the strategy, plan and budget aspects to keep the organization successful and continue moving forward instead of always having to back track. It is easy to get off of track or to change the plan in the middle of the project. It is up to the organization and the team responsible for the project to keep the budget that they were assigned. Works Cited NYCWagner. (2011). Retrieved August 21, 2013, from http://www.NYCWager.com Evaluating the Performance of an Organization. (2012). Retrieved August 1, 2013, from http://www.smallbusinessnotes.com/managing-your-business/business-ethics.html#ixzz2afud6KU0 Business Dictionary. (n.d.). Retrieved July 30, 2013, from http://www.businessdictionary.com Ferrell. (2011). Business Ethics. Houghton Mifflin Harcourt. Kirby. (2012). Accounting Principles. McGraw. Zain, B. (2011). Strategic Management. Pittsburg: McGraw.

A Civil Action by Jonathan Harr Essay -- Law Criminal Justice System E

A Civil Action by Jonathan Harr A Civil Action is based upon a true story that Jonathan Harr, a former staff writer of New England Monthly describes a case that in the legal system that is fascinating and compelling. The story of a impracticable quest by an idealistic young personal-Injury lawyer, whose aim was to prove that two conglomerates, Beatrice Foods and W.R Grace, allegedly polluted the water in Woburn ,Mass. a Boston suburb, with carcinogens. Jan had hoped that a victory would send a message to the boardrooms to America and felt that the culture of Leukemia in Woburn guaranteed his success. He never realized that he would be comforted with problems in the justice system. First with the federal courts, which were not sympathetic to damage suits, the trial judge felt the same way. He then went on to his third try with a different judge. Which was unsuccessful due to one of the defense witness who lied. On his fourth try the defense attorney failed to deliver all relevant documents to Schlichtmann's team. Jan Schlitmann was a lawyer in the upper bracket as far as money was concern. He lived in a luxury condo, worn only hand-tailored Dimitri suits and silk Hermes ties, Bally shoes and drove a Porsche. Schlitmann not only was a well to do lawyer, he also was a lawyer that believed in justice, whether he got paid or not, in regards to this case. He spent nine years of his life, lost all of his assets, gave up his personal possessions and personal life to see th...

A Civil Action by Jonathan Harr Essay -- Law Criminal Justice System E

A Civil Action by Jonathan Harr A Civil Action is based upon a true story that Jonathan Harr, a former staff writer of New England Monthly describes a case that in the legal system that is fascinating and compelling. The story of a impracticable quest by an idealistic young personal-Injury lawyer, whose aim was to prove that two conglomerates, Beatrice Foods and W.R Grace, allegedly polluted the water in Woburn ,Mass. a Boston suburb, with carcinogens. Jan had hoped that a victory would send a message to the boardrooms to America and felt that the culture of Leukemia in Woburn guaranteed his success. He never realized that he would be comforted with problems in the justice system. First with the federal courts, which were not sympathetic to damage suits, the trial judge felt the same way. He then went on to his third try with a different judge. Which was unsuccessful due to one of the defense witness who lied. On his fourth try the defense attorney failed to deliver all relevant documents to Schlichtmann's team. Jan Schlitmann was a lawyer in the upper bracket as far as money was concern. He lived in a luxury condo, worn only hand-tailored Dimitri suits and silk Hermes ties, Bally shoes and drove a Porsche. Schlitmann not only was a well to do lawyer, he also was a lawyer that believed in justice, whether he got paid or not, in regards to this case. He spent nine years of his life, lost all of his assets, gave up his personal possessions and personal life to see th...

Library System Essay

Introduction Library System is a tool addressed to schools or libraries and supposed to help them track the borrowed books. Although you need to first set up a collection of books and people that may borrow the items, School Library System is pretty easy to use, featuring a very intuitive and straightforward interface. Protected by a username and password, so only authorized access is allowed, School Library System lets you add as many entries as you want, be they users or books. Plus, it sends reminders for unreturned books, so it’s pretty easy to track every single borrowed item. Since it’s supposed to work with large databases of books, School Library System also integrates backup and restore database features, just to make sure you’re on the safe side all the time. While the application is pretty easy to use and relies on very intuitive features, it doesn’t feature a help file, so users who may get themselves in trouble are left with no other option that to search the Internet for an answer. Futuristic in the future Library Management System (LMS), is an enterprise resource planning system for a library, used  to track items owned, orders made, bills paid, and patrons who have borrowed. LMS usually comprises a relational database, software to interact with that database, and two graphical user interfaces (one for clients, one for faculty). Most LMS separate software functions into discrete programs called modules, each of them integrated with a unified interface. Examples of modules might include: ?acquisitions (ordering, receiving, and invoicing materials) ?cataloging (classifying and indexing materials) ?circulation (lending materials to patrons and receiving them back)? Serials (tracking magazine and newspaper holdings) ?the OPAC (public interface for users) Each client and item has a unique ID in the database that allows the LMS to track its activity. User Requirements Definition 1. Login and verifies Students to give permission to the student to search books which they like to borrow 2. For librarian it has the Administrative privileges such as check books , Login to Library, managed books , authorized Students. 3. It has a Search Option anywhere you are as long as you have the program because of its integration to Web Hosting Server. 4. The task of the student is to log in to their respective student account and if they search they can easily find the books because of mapping Feature. 5. The task of the librarian is to acquisition, cataloging, circulation, serials. Chapter 2 Methodology Process Model Faculty User Interface System – lets the administrator to modify book information and logs borrowed and returned books directly from Database. By this they can easily monitor Books that are going out and going in. Student User Interface System – Allows Students to login for security purposes because students  might steal a book and never track them. Without the verification a student can’t borrow a book from the Administrator. Search System – By this system you can search books from a specific database i. e Northwestern University. Why did we use Evolutionary Process model? Because this type of system is expanding due to its continuous gathering an adding of different kinds of book from time to time. The thing that made this system unique from others it has an improved querying system in the of a simple search box.

finance Essay - 2823 Words

Continuing Case: Cory and Tisha Dumont Part 3: Protecting yourself with insurance 1. Using the earnings multiple approach would result in the following life insurance calculations for Cory and Tisha. Cory’s needs = $38,000 x (1 – 0.22) x 12.46 = $369,314 Tishas needs = $46,000 x (1 – 0.22) x 12.46 = $447,065 Cory currently has $76,000 (2 x $38,000) of term life insurance through his employer. Consequently, Cory should consider purchasing approximately $293,000 of additional life insurance coverage. Tisha has $69,000 of term insurance through her employer, as well as a whole life policy of $50,000. She should consider purchasing an additional $328,000 of life insurance coverage ($447,065 – $119,000). While Tisha or Cory†¦show more content†¦5. Life insurance is meant to provide funds to replace a breadwinners to protect and support dependents. Chad and Haley are dependents, not income providers. Therefore, the purchase of life insurance is unnecessary and not recommended. The Dumonts should use the money they would spend on policies for the children to increase their own coverage. The claim that Chad and Haley would always be insured is only relevant if (1) the Dumonts continue the premium payments and (2) there is a high probability, based on family health history, that Chad or Haley will contract cancer, diabetes, or heart disease. Otherwise, they will be eligible for insurance in the future and there is no need for â€Å"permanent† coverage starting at this young age. 6. As a â€Å"comprehensive major medical insurance policy,† the Dumonts’ coverage includes basic health insurance for hospital, surgical, and physician expense needs, as well as major medical expense coverage. The latter is very important to extend the basic coverage to protect the Dumonts from the financial effects of a catastrophic illness or accident. The policy has a very adequate lifetime cap of $3,000,000 per insured. 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