A NOVEL CONCEPT FOR QUANTITATIVE MEASUREMENT OF ORGANIZATIONAL PERFORMANCE INDEX
Journal Title: Journal of Engineering Management and Competitiveness (JEMC) - Year 2020, Vol 10, Issue 2
Abstract
The performance of an organization depends on many dimensions of technology and management such as leadership, strategic planning, customer focus, process management, measurement, analysis, knowledge management, costing, financial management, and human resource management. However, the efficiency of the organization can be easily assessed from the organization’s performance output compared to the set targets while other dimensions act as add-on catalysts in maximizing productivity. Hence, the measurement of the overall output of the organization as well as all its departments in any organizational hierarchy becomes very critical. A novel quantitative measurement methodology of the organizational output combining mathematical and statistical modeling on the bottoms-up approach is developed and explained in this paper. The concept can be used with existing enterprise resources and planning tools available in industries for the enhancement of their productivity.
Authors and Affiliations
Simon K. JOHN, Samuel P. MATHEWS, Balachandra P. SHETTY, R. K. MISHRA
PLANNING, ANALYZING AND OPTIMIZING EXPERIMENTS
Research and Development (R&D) encompasses all the innovative activities of organizations engaged in the development of new products (recycled materials, hardware, software, services) or enhancement of existing ones. In...
DEVELOPING A MODEL FOR IMPROVING BUSINESS AND COMPETITIVENESS OF DOMESTIC ENTERPRISES
Competitiveness of domestic enterprises on the international market is practically non-existent. The majority of small and medium-sized enterprises (SMEs) face difficulties when it comes to obtaining and maintaining a co...
HARMONIZING BUSINESS AND DIGITAL ENTERPRISE STRATEGY USING SOA MIDDLE-OUT AND SERVICE-BASED APPROACH
The organization's agility represents its ability to respond fast to changes by the transformation and/or optimization of business processes. In the conditions of the ever-increasing use of digital technologies, the agil...
DETERMINING THE RELATIONSHIP BETWEEN LEADERSHIP PRACTICES AND LEADERSHIP NEEDS IN SAUDI CONSTRUCTION COMPANIES
Effective leadership is demonstrated by influencing and guiding the activities of the team toward achieving its goals. This study attempts to determine the relationship between leadership practices and leadership needs i...
A MCDM APPROACH TO ASSESSING NPD PROBLEMS
Developing new products is an essential strategy tool in achieving a company’s comparative advantages and its sustainable development. The problems that may occur during this process may lead to inefficiency and failure...