In today’s world, we often talk and think about an economic shift. But what does that really mean?
It mainly means that the economic power is passing from western countries to eastern countries. Managers have started to invest in countries like China and India. Investors are moving their central offices to countries in the East. The economic momentum lies in the hands of developing countries now. While the financial crisis raised questions regarding the general power of the USA and the EU, eastern countries have continuously developed.
With 2015 only a few days away, the time is just right for a retrospective look on 2014 and the key changes it has brought to organizations and the people connected to them. Find below the path that the year now almost over had taken, and where this trail will head to in 2015.
“The PEEL reports enable the public to judge our performance as a whole… anything that makes it easier for people to hold us to account and get involved with local policing has to be a good thing”, are the words of Constable Chris Sims – West Midlands Police Chief, in reference to the performance report released by Her Majesty’s Inspectorate of Constabulary (HMIC).
Nowadays, there is nothing new left when it comes to measuring suppliers’ performance, as organizations do it in their strive to increase performance. In this way, they can better manage the quality, the timeliness and the costs related to materials, products or services purchased.
Today’s companies are striving to get the highest results with the least amount of effort. They strive to gain profit in a simple translation, with minimum expenses. But many enterprises forget one important aspect that differentiate companies which have strong financial performance from the ones which don’t: a strong organizational culture. Yes, having high quality low cost products, processes put in place, engaged and skilled employees is important, but these are outcomes of having a culture of performance.
