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Author Topic: Reviewing &Measuring your Business performance to increase your profit margin  (Read 5590 times)

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Offline seyidekol

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Reviewing &Measuring your Business performance to increase your profit margin
Many key decision makers,business owners focus on the day-to-day running of their business and forget to stop from time to time and find out how far they have come, where they are and where they are going. This is a reason for some business failures.

The measurement of Business performance should be a continuous process which involves checking the performance against the mission and objective of the company .It leads to compare the actual performance with the established standards.

It is one thing to have an increased profit margin and the business is not growing;It is another scenario to have a low but growing profit margin and clear indicators of business growth .

The importance of Business Performance review is not only to improve the performance,but also the productivity/effectiveness of a business entity by reducing costs and waste occuring in business.It is a good way to align the activities with the plans being established

Reviewing your progress will be particularly useful if you feel:
Uncertain about how well your business is performing
Unsure if you're getting the most out of your business or making the most of market   
opportunities
Your business plan may be out of date, e.g. you haven't updated it since you started business
Your business is moving in a  total direction different to the one you had planned because of the economy
The business may be becoming unresponsive to market demands
It is also helpful if you have decided that your company is ready to move on to another level.

Objectives of Business Performance Review

The objectives of Business Performance auditing include:
• Ascertain the employees ‘s performance in the business to deliver their goals and objectives
• Measuring the performance of business processes (efficiency, effectiveness and conformance), technology and people
• Assessing the company’s ability to meet customer requirements, and internal and external rules and regulations
• Identifying the leading competitors in your industry and probing into the
 strength,weakness,threats and opportunities open to them
• Assesses understanding of the objectives, mission of company


SDIL has a league of International certified Management consultants ,Business 
Continuity Managers,certified Business system Analysts, Auditors trained to identify and resolve complex structural deficiencies hindering business growth in work place.

We also have International Certified trainers,HR ,Business&Corporate Strategist trained to evaluate and optimize performance in workplace .

Our fees
Our charges are affordable
Please call +2348050383215,08125549322 for your booking Call now!!!


 

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