As much as we may like to have all the answers right, there still are the inevitable instances in which we don’t. That is why we sometimes need to do a little research in order to understand what we did wrong. Various implementation models of performance management systems worldwide do not make our job of getting the right answers less difficult. However, it is through research that we can benchmark our practices to those of our peers and, ultimately, discover the limitations behind our rationale.
The procurement cycle comprises key steps that a company should make in order to obtain products or services. Management should understand that this process is becoming more of an art instead of an automated process. It is the road to success for responsible management, when handling public or corporate funds. It starts from identifying the correct needs of the company, to the final step of granting the product, or contract, to a certain supplier, all these, ultimately leading to increased profits.
The choice of a holiday destination is influenced by various factors. Definitely, travel costs occupy a special importance. Most of the times, this criteria needs to be carefully taken into consideration by travelers who are planning to go on the perfect trip. As room service often takes the money right out of travelers’ pockets, TripAdvisor offers support during the decision making process regarding the choice of destination, by compiling a city index of the most expensive urban touristic attractions, together with the cheapest ones.
How do we know that our government is performing well? Who evaluates its results? These are questions that have recently arisen in Pakistan, where the federal government is evaluated against a series of Key Performance Indicators (KPIs).
Every country on the planet has its own monetary concerns. Have you ever thought about what sort of things people are most interested in, when scanning for the cost of something? What costs are most searched for in each country and how often does the same inquiry repeat itself, from one nation to another?
