1. Explain why as a manager you need to monitor and evaluate key systems and processes of an organization. Mention the name of some k ey systems and processes of your organization. 2. Write a...

WRITTEN ASSIGNMENT        2
WRITTEN ASSIGNMENT
Table of contents
Answer 1    3
Answer 2    4
Answer 3    5
Answer 4    6
Answer 5    8
Answer 6    9
Answer 7    9
Answer 8 A    10
Answer 8 B    11
Answer 9    12
Answer 10    13
References    15
Answer 1
The
oad definition of performance measurement is the regular measurement of outcomes and results. This assessment can produce accurate information on the effectiveness and efficiency of initiatives.
· Input
· Activity
· Output
· Outcome
Key system and processes of organization –
Supply chains, operational systems, and systems for the delivery of goods are only a few examples of the many systems and procedures available (Mier y Terán Giménez Cacho et al., 2018). To evaluate performance, managers need knowledge on crucial systems and procedures. There are four techniques to assess performance –
· Personal observation: Customer happiness, staff contentment, teamwork, and employee turnover rate are the five KPI used to measure personal information.
· Written reports are more professional, thorough, and succinct. When compared to oral reporting, this approach is slower. These are also simple to classify and reference.
· Statistical reports are used for analysis and comparisons. They take the shape of a numerical display, graph, or bar chart. The average mean of the key performance area is typically taken into consideration when statistically analyzing work performance.
· Oral reports: Information from meetings, phone calls,
iefings, and conferences is used to measure performance (Cherepanov, Popov & Simonova, 2021). Filtered information allows for feedback, allowing emotion and voice tonality to communicate meaning.
Answer 2
Key performance indicators –
· Choosing the appropriate performance indicator is sometimes difficult for managers.
Methods used to analyze performance –
When I came into an issue in an organization, I used the following techniques to examine performance –
· Personal observation
· Oral reports
· Statistical reports
· Written reports
Analyses of supply chain processes - Input of raw materials, components, and services is necessary for all enterprises. Establishing a supply chain that can deliver dependable and high-quality materials is crucial for organizational procedures. In order to guarantee that suppliers provide high-quality items on schedule, there are five factors to consider: supplier certification, supplier rating, inspection, training, and recognition.
Examining the variance and performance report - As a manager, it is important to monitor the status of the project. Organizations report on a range of operational metrics, such as budget or cost variance, quality, customer service, financial performance, production, occupational health and safety, and human resource management. In order to evaluate the performance of their team, managers and supervisors typically rely on weekly and monthly reports. Analyzing performance reports provides options for reorganizing work processes and aids in fault analysis. Any discrepancy between the agreed-upon goal and what has actually been achieved is refe
ed to as a variation (Veshneva, Bolshakov & Fedorova, 2020). Regular monitoring of variance is required to identify any gaps. As a manager, I have used the following techniques to examine performance reports and variation –
· by looking at the weekly and monthly reports
· looking around the project area to see what's going on
· Testing is necessary to ensure the project's quality
· Auditing is crucial both during and after the project.
· Through periodic progress evaluations. It entails comparing progress to the plans, as well as examining any issues that have arisen and how they were resolved.
Answer 3
Ways to identify future trends and opportunities –
· Analysis of the purchase scenario is done to look for prospects for growth.
· Consumer segmentation is crucial for locating groups of customers that have similar needs.
· Analysis of indirect competition might also uncover opportunities by looking at related sectors.
· Analyzing environmental changes in conjunction with technology and scientific advancements that provide new business chances might aid in the exploration of market potential.
· Direct competition analysis: supply has to be examined. While assessing prospects, it is crucial to be aware of the market's cu
ent competitors and where they are located.
· An organization that operates in a mature or saturated market may find extra prospects by looking into other nations (Mavlioutov, Belyaev & Borisova, 2020).
· Analysis of complementary goods and services: Businesses should keep an eye on the performance of goods produced by other businesses that complement their own.
Specialist and expert from whom I could take advice –
There are several consultants who can assist with your commercial, legal, and financial concerns. The following names are some specialists and experts I might consult for help –
· Business bankers
· Legal experts
· Accountants
· Insurance
okers
· Financial adviso
Answer 4
Tool and techniques to assess system’s performance –
· Performance appraisals are the most used method for evaluating performance. The ambitions of an individual are matched with the strategic objectives of the company using this technique.
· Key performance indicators and metrics offer a means to assess how effectively businesses, projects, people, or other...