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Regulatory agencies are defined as governmental bodies that have responsibility over legislation, for a given sector of government. These institutions exist at the federal, state and city level.
“We can’t ignore facts. We can’t ignore data.” – Barack Obama, former President of the United States
As populations are aging across the globe due to dropping birth rates and rising life expectancy, governments are faced with new challenges when it comes to their mostly outdated thinking about retirement and the elderly.
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).
Nowadays, due to increasing competition in the business world, most of the firms and organizations are obliged to adjust to new ways of enhancing their performance. This improvement is mainly linked with the implementation of performance management systems, new strategic directions, or important shifts in the strategy of the organization.
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