Explain why measuring performance is important in business operations, assignment help

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Health Medical

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Must include in-text citations and references. This is a discussion question- no more than 500 words.

Explain why measuring performance is important in business operations. Choose a business performance measurement tool that does not relate to your CLC and explain why.

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Business operations

1

Business operations
Student’s name
Institution’s name

Business operations

2

Measuring performance in business operations involves the process of collecting information,
scrutinizing it with regards to the performance of individuals groups, organizations and systems
in business operation. Measuring performance in business operations is of great significance to
both the business entity and to the various stakeholders. This is because it majorly plays a big
role in assessing the level of performance and also helps to scrutinize the various actions and
steps taken. In this process, one is able to identify various problems that occur, issues that arise
and also pay more attention on what can be done to improve the general performance of the
bus...


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