The overall evaluation of a company is a standard practice the most management teams take with delicate emphasis. For one, without the proper monitoring procedures, improving and applying enhancements with regards towards the direction to which they want the company to follow will never materialize unless they are able to determine the critical factors that could spell the difference between success and failure.
It doesn’t take a management team to have a higher educational degree, something like a masters or doctorate degree, to be able to run a business. Most of the time, it is a matter of common sense and the proper weight assigned towards expense and revenue. There is also the matter of chance to which probabilities should be taken into consideration. It could spell the difference in the end. But in any business, nothing is a certainty. Gambling is part of the entire process and to be able to do so, everything should be put into place and considered properly.
Some good links to visit:
Understanding The Cycle of Change, And How People React To It
Why Improving Performance Management Systems Is So Difficult
TQM As Organizational Change
Originally posted on May 28, 2006 @ 8:23 am
