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Define the term organizational performance. Clearly discuss the ways managers go about achieving organizational performance in...

Define the term organizational performance. Clearly discuss the ways managers go about achieving organizational performance in an organization.

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Organizational performance means that the managers compare the plans with the actual performance of the company. There are three specific areas of the outcomes of the company: financial performance, product market performance, and shareholder return. The financial performance means the profits and return on investments in the company, as the product market performance includes the sales and market share in the business market. The shareholder return includes the return on the shares and total economic values addition. The enterprises have managed to maintain the balanced scorecard, and the statements of profits, and income. , the performance of the managers means the organizational performance. The external factors and internal factors determine the performance of the enterprise. The internal factors consist of the organization's instruments, as the external factors are socio-economic and political. The managers set up the qualitative or quantitative objectives to manage the performance. The standards give them a benchmark so that they can compare and make the necessary changes or improvements. The organization also has to manage its human capital because human resources are the company's assets. It is the only factor that differentiates one company from the other competitors. The last factor is to keep the consumers in their minds. It will help them to target the consumers more efficiently. It will also increase their profits and the subsequent growth.

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