Mataracy
VIP Contributor
Some time we used to look at the profit we made in a business or company to justify may be we are progressing or not.
Though I believe that is what almost every body used to focus on in a business or company but ,I think there are some other things that one needed to take notice of.
This are some factors that we can use to measure the success of a business or company.
CRITICAL SUCCESS FACTORS
Critical success factors is defined as the limited number of areas in which results, if the are satisfactory, will ensure successful competitive for the organisation.
CRITICAL SUCCESS FACTOR METHODOLOGY
Critical success factors have been associated with business strategy and strategic planning for many years. It is a top-down approach that begins with the main long-term strategic objective of the organisation.
MEASURING ACHIEVEMENT
Key performance indicators and strategic planning are associated with key performance indicators.
(1) For each critical critical success factors there must be a way of measuring whether the required objective or target has been met.
(2) This measure of performance (a performance key indicator) can be used to set planning targets, and monitor actual performance by comparing actual results with the target.
I belive that we still have some other ways in which we can know this and I will need more idea because it will really help other people to know more.
How can we know that our business or company is performing (progressing) well?
Though I believe that is what almost every body used to focus on in a business or company but ,I think there are some other things that one needed to take notice of.
This are some factors that we can use to measure the success of a business or company.
CRITICAL SUCCESS FACTORS
Critical success factors is defined as the limited number of areas in which results, if the are satisfactory, will ensure successful competitive for the organisation.
CRITICAL SUCCESS FACTOR METHODOLOGY
Critical success factors have been associated with business strategy and strategic planning for many years. It is a top-down approach that begins with the main long-term strategic objective of the organisation.
MEASURING ACHIEVEMENT
Key performance indicators and strategic planning are associated with key performance indicators.
(1) For each critical critical success factors there must be a way of measuring whether the required objective or target has been met.
(2) This measure of performance (a performance key indicator) can be used to set planning targets, and monitor actual performance by comparing actual results with the target.
I belive that we still have some other ways in which we can know this and I will need more idea because it will really help other people to know more.
How can we know that our business or company is performing (progressing) well?