What good opportunities can you spot? What interesting trends are you aware of? Useful opportunities can come from such things as the following: Changes in technology and markets on both a broad and narrow scale Changes in government policy related to your field Changes in social patterns, population profiles, lifestyle changes, and so on Local events What obstacles do you face?
Any or all of the approaches listed later on below will improve organizational performance depending on if they are implemented comprehensively and remain focused on organizational results.
Each includes regular recurring activities to establish organizational goals, monitor progress toward the goals, and make adjustments to achieve those goals more effectively and efficiently. Typically, these become integrated into the overall recurring management systems in the organization as opposed to being used primarily in one-time projects for change -- see Organizational Change and Development to Improve Performance later on below.
Some of the following, e.
However, if these two concepts are instilled across the organization and focus on organizational results, they contribute strongly to organizational performance. On the other hand, the Balanced Scorecard, which is deliberately designed to be comprehensive and focused on organizational results, will not improve performance if not implemented from a strong design.
For example, a large organization with highly standardized processes such as a manufacturing company with assembly lines can carry out numerous and ongoing measurements in a straightforward fashion. It also has extensive resources to conduct the measurements and analyze results.
ISO certification is a strong enhancement to a company's image. Therefore, the organization might pursue ISO certification, including through use of continuous improvements in an overall Total Quality Management approach.
The organization may establish numerous benchmarks for comparison to other organizations in the industry to get perspective on how well the organization is doing, what results to pursue, etc. On the other hand, a risk management company specializing in consultation to protect against terrorism, has a bigger challenge to identify and track performance results.
Management might believe, for example, that the organization's means for delivery of services are well out-of-date and that the organization is no longer resourced to advise organizations about increasing threats from terrorism that exist today.
Therefore, the risk management company may choose to use business process reengineering to completely redesign their organization from the ground up.
Follow the link to get more information about each of the approaches. There certainly are other approaches than those listed below for a planned, comprehensive approach to increasing organizational performance. It may very well be that the vast majority of approaches used in organizations are highly customized to the nature of the organizations, and therefore not publicized or formalized in management literature.
Focuses on four indicators, including customer perspective, internal-business processes, learning and growth and financials, to monitor progress toward organization's strategic goals Benchmarking: Using standard measurements in a service or industry for comparison to other organizations in order to gain perspective on organizational performance.
For example, there are emerging standard benchmarks for universities, hospitals, etc. In and of itself, this is not an overall comprehensive process assured to improve performance, rather the results from benchmark comparisons can be used in more overall processes.
Benchmarking is often perceived as a quality initiative. Aims to increase performance by radically re-designing the organization's structures and processes, including by starting over from the ground up.
Focuses on improving customer satisfaction through continuous and incremental improvements to processes, including by removing unnecessary activities and variations. Continuous improvement is often perceived as a quality initiative.
Cultural change is a form of organizational transformation, that is, radical and fundamental form of change. Cultural change involves changing the basic values, norms, beliefs, etc.
Is an internationally recognized standard of quality, and includes guidelines to accomplish the ISO standard. Organizations can be optionally audited to earn ISO certification.
Another major quality standard is the Baldridge Award. ISO is a quality initiative. Focuses on collection and management of critical knowledge in an organization to increase its capacity for achieving results.
Knowledge management often includes extensive use of computer technology. In and of itself, this is not an overall comprehensive process assured to improve performance. Its effectiveness toward reaching overall results for the organization depends on how well the enhanced, critical knowledge is applied in the organization.
Focuses on enhancing organizations systems including people to increase an organization's capacity for performance.
Includes extensive use of principles of systems theory. Its effectiveness toward reaching overall results for the organization depends on how well the enhanced ability to learn is applied in the organization.
Management by Objectives MBO:Read this essay on Production Plan for Riordan Manufacturing. Come browse our large digital warehouse of free sample essays. planning is necessary to estimate future forecasting.
A SWOT analysis can determine and identify strengths, weaknesses, opportunities, and threats that commands management’s attention (Adonai, ). . Port Manteaux churns out silly new words when you feed it an idea or two. Enter a word (or two) above and you'll get back a bunch of portmanteaux created by jamming together words that are conceptually related to your inputs..
For example, enter "giraffe" and you'll get . Apr 26, · Identify which ISO standards apply to Riordan Manufacturing Using the Six Sigma DMAIC process, develop a new process design for the production of the Riordan electric fans.
Be sure to take advantage of any global opportunities available to Riordan, such as lower labor costs. SWOT for Riordan Manufacturing Financial Ratios is a powerful tool of analysis as it provide a thought to uncover and exploit the opportunities that can be used to . This assessment will consider the total picture of the companys strengths weaknesses opportunities and threats in relation to the current market environment.
This assessment should consider key aspects of the company including its product/service mix pricing location technology marketing and human financial and information resources.
Nuts and Bolts of Strategic Management and Planning. caninariojana.com caninariojana.com 2 strengths, weaknesses, opportunities, and threats: SWOT •manufacturing maturity and capacity •information and communications •consumer buying.