For sale by SDIL VERIFIED18 Oct 9:09 amYaba, Lagos
Many key decision makers,business owners focus on the day-to-day running of their business and forget to stop from time to time and find out how far they have come, where they are and where they are going. This is a reason for some business failures.
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.
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 .
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
Reviewing your progress will be particularly useful if you feel:
Uncertain about how well your business is performing
Unsure if you're getting the most out of your business or making the most of market
Your business plan may be out of date, e.g. you haven't updated it since you started business
Your business is moving in a total direction different to the one you had planned because of the economy
The business may be becoming unresponsive to market demands
It is also helpful if you have decided that your company is ready to move on to another level.
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
• 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
Outcome of project
Assessed your core activities
Assessed your business efficiency
Reviewed your financial position
Conducted a competitor analysis
Assess the potential of human capital&their personal development as an asset to the
Ascertain the employees ‘ performance in the business to deliver their goals and objectives
Assessed if necessary redefined objectives, mission of company
Use your review to redefine your business goals
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 .
Our charges are affordable , payments flexible and of course negotiable .
Please call the numbers above for your booking.
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