Process optimization is about improving the ways of doing each of a company’s steps to get better results. This optimization can be done by benchmarking i.e. a comparative analysis of the processes between organizations or by a diagnostic analysis of the performance of the processes of an organization or a company.
Finance is business field which deals with the study of investment in business. In business finance just like a blood running in our body, you may have ideas, but without finance you can not give them real shape. We may also say the way we handled the money in big organization, firms and companies is known as Finance. Public finance, corporate finance and personal finance all are the different types of finance.
Risk management Model :- There is a risk when there is a probability that a harmful or harmful event will occur and have a negative effect on the performance of the business. Good risk management ensures optimal, balanced and sustainable performance of the company.
Opportunity Management Model:- There is an opportunity when there is a likelihood that a favorable opportunity will occur and have a positive effect on the performance of the business. Good opportunity management ensures optimal, balanced and sustainable performance of the company. Below this post is all about the Opportunity Management Model, objectives, conditions and process.
Performance Management Model:- The performance of a company is measured against the objectives set. The performance is positive if it meets or exceeds the objectives. It is negative if it is lower than the objectives. The gap between objectives and performance comes from a voluntary (decision-making) or non-voluntary change (external event). To evaluate changes and performance of the company, performance indicators are used. Good performance management ensures optimal, balanced and sustainable performance of the company. Below are the objectives of performance management model.
Change Management Model:- A change is a change from a previous situation. This change can come from different causes (involuntary or voluntary) and can have consequences on performance management, opportunity management and risk management in a company. Good change management ensures optimal, balanced and sustainable performance of the company.