subject: Productivity And Performance, A Vital Part Of Management Solutions [print this page] Data collecting, once belonging to the chief economist or accountant is now the task of many employees as data bases are more streamlined and accurate and specific to each area of business. The economist forecast where the markets are heading, what the economic future might bring and where growth can be sustained. The accounts follow the bottom line and forecast future expenditures as compared with income potential.
Where are the companies strength? Where is money being spent with no return? What are the black holes of the company? What departments pull their weight and add to the overall success of the company and which departments drain the resources with little or no return? These are the questions daily asked.
The accountants submit yearly, monthly and sometimes daily financial reports overviewing the health and viability of the company. Keeping track in a timely manner is imperative to the decision making ability of the chief financial officers. It is their job to sidestep any oncoming financial disaster before it is too late.
Prospective clientele data is the future of any company and this data needs to be well organized, easily accessible and quick to update. The sales force needs to know what areas have been covered, where their territories lay and what is their best options for new business is. Who do they need to call back, who has no interest, who is a potential with a little golf or dinner?
The performance of individuals must be tracked and accountability is also a must for the vitality of any business. Rare is the business that can sustain profitability without individual productivity. Performance management solutions find ways to graph and track the performance of each employee and department for an overall health of the company.
Quality control is the heart of any business whether that quality comes from product or service. If current clients can can count on a degree of quality, future productivity is ensured.
Whatever the business, whatever the services offered, tracking, mapping, data collecting is imperative to have an understanding of the vitality of the company and where, if any, changes need to take place. The most important aspect of this collection is that it is timely and accurate and easily accessible.
by: Art Gib
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