Performance Management System Improvement Assignment

Performance Management System Improvement - Assignment Example To enhance the performance of the employees over time, it is considered important to evaluate their output to increase the efficiency of the organization (Warner, 2002). In essence, the employees’ output is figured out and ways to improve the performance level formulated. The obtained results after evaluation are used to improve on the organization’s output, effectiveness and efficiency over time. An organization generally constitutes of the two types of environment, namely; the internal environment and the external environment. The external environment could constitute of factors such as technological, political, legal and economic, whereas the internal environment is comprised of structure, organizational culture, mode of exercising power, the leadership style, and available resources. The key factors that constitute the external environment of Ngusama Investment Company are technology, political, economic and legal factors (Rao, 2004). The company has been trying to upgrade its technology so as to cope with evolution of technology that presents. Upgrading of the system also ensures that the company keeps abreast with current issues and trends in the society. With a modified technology, the employees have a platform which they work on to improve the performance of the organization.... For any organization to prevail in a market, it has to ensure that it fulfils the regulations and the policies. Technological factors; productivity is quickly achieved through the use of new technology. The production of new products increases the sales of an organization and consequently leads to an upsurge in the revenue. This therefore is a major indicator of the organization’s performance. The external environment can be viewed in two dimensions; micro-environment and macro-environment. Micro-environment is concerned with the immediate benefactors of the organization’s competitors, suppliers, customers and the public at large. On the other hand, the macro-environment constitutes of the current trends in the society. The organization concentrates on the following factors in assessment of the external environment; competitive environment analysis, analysis of the expectations for interest, the external environment’s development outlook, and analysis of the infl uence of the macro-environment on the organization’s performance. Competitive environment is a key external factor (Sahu, 2007). It is a process in its own that involves analyzing, identifying the major characteristics and the impact of the forces that come about as a result of competition. After the analysis, positioning efforts are made so as to ensure that the competitive advantage of the organization is attained. When conducting the activity there are competitive forces that are experienced and this makes up the environment with the organization inclusive. The industry includes all the organizations that are producing similar products or are offering identical services. The