Response a manager who claimed the only way to measure a business’s efectiveness Dissertation Example For Download

Measuring Business Effectiveness Name Institutional Affiliation Abstract Effectiveness is important in the business world as it indicates the performance levels of organizations. Almost every corporation desires to be effective in achieving the goals and interests of its key stakeholders. The principal of objective of this paper/response is to inform the manager that there are various ways of enhancing the performance of the business. The profit level is one method. A business that records good profit at the end of the trading year is effective. Some of the strategies that enhance the profit of the company include aggressive product promotion, expansion to new markets, and ensuring financial efficiency to reduce business costs. Besides these, other methods of improving the performance of the business include; regulation compliance, customer loyalty, staff satisfaction, innovation, and market dominance. It is the responsibility of the business manager to integrate these methods of...

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