Question

discuss the different approaches that may be required when assesing the performance of specialised, not-for-profit and public sector organization

Answer 1

Performance is a very important criteria to understand a company. Before an investor puts in his/her money on the stocks of a company, they find out about the performance of the company. In case of a specialized organization, multi lateral organization performance assessment network needs to be created. It is an informal way of assessing the performance of specialised organizations. In case of private sector organisations, the performance can be assessed by analysing their financial performance and profit earned. For public sector organizations, the performance can be assessed by setting benchmarks. The comparison of the public sector company's performance with respect to the benchmark will help in assessing its performance.