It has been a long stressful year in a dwindling economy, the competition seems to have been more intense ,profits margins have drastically reduced ,more businesses barely survived while some business have permanently shut down .
To that end,untapped opportunities in the industry and unidentified wastage in your company is very crucial and how your company could be leading brand is very paramount in the coming year.
The measurement of Business performance should be a continuous process which involves checking the performance against the mission and objective of the company .It leads to compare the actual performance with the established standards.
The importance of this Business Performance Auditing is not only to improve the performance,but also the productivity/effectiveness of a business entity by reducing costs and waste occuring in business.It is a good way to align the activities with the plans being established
Why Measure Business Performance?
Business performance measurement has a variety of uses. Bititci,Carrie and Turner (2002) list the following reasons companies measure business performance:
To monitor and control
To drive improvement
To maximize the effectiveness of the improvement effort
To achieve alignment with organizational goals and objectives
To reward and to discipline
Objectives of Business Performance Auditing
Auditing is an integral part of most management systems and are usually a requirement of external standards (e.g. ISO 9001 or ISO 14001) .
The objectives of Business Performance auditing include:
• Ascertain the employees ‘s performance in the business to deliver their goals and objectives
• Measuring the performance of business processes (efficiency, effectiveness and conformance)
• Assessing the company’s ability to meet customer requirements, and internal and external
rules and regulations
• Identifying the leading competitors in your industry and probing into the
strength,weakness,threats and opportunities open to them
• Assesses understanding of the objectives, mission of company
It is one thing to have an increased profit margin and the business is not growing;It is another scenario to have a low but growing profit margin and clear indicators of business growth .
SDIL has a league of International certified Management consultants ,Business
Continuity Managers,certified Business system Analysts, Auditors trained to identify and resolve complex structural deficiencies hindering business growth in work place.
We also have International Certified trainers,HR ,Business&Corporate Strategist trained to evaluate and optimize performance in workplace .
We are flexible,affordable and customer-centric .
Call now for your booking SDIL + 234 - show phone - , 812 - show phone - , 817 - show phone -