1. What are the five tools in monitoring business operation? 2. Give the components of the chosen tool? 3. Why

Questions

December 2022 1 7 Report

1. What are the five tools in monitoring business operation?
2. Give the components of the chosen tool?
3. Why is it important to use the tools in monitoring business operation in business?

Answers & Comments

cresieljanenericua0

Answer:

5 Monitoring business operations

Planning and budgeting
Business excellence model
Performance dashboards
Customer relationship management
Performance appraisals

Net Income

This is the income you take home from each paycheck. Net income is your wages minus taxes, retirement contributions, employer-sponsored healthcare costs, etc. If you’re married, it also includes your spouse’s wages
Business excellence models are frameworks that when applied within an organisation can help to focus thought and action in a more systematic and structured way that should lead to increased performance.
A performance dashboard is a layered information delivery system that parcels out information to users on demand so they can measure, monitor, and manage business processes and achieve strategic objectives.
There are three main types of CRM systems: collaborative, analytical, and operational. Here's how to choose the best one for your business.
Key components of an effective performance appraisal program include setting job expectations and performance standards, training leadership and employees and developing performance-based rewards. An effective performance appraisal program can impact job satisfaction, productivity and employee Morales.

Across business industries, from eCommerce to the service industry, business monitoring and reporting can save time and money, in addition, these reviews can also improve your processes in the long run. Business reports collate a lot of data around your company which can provide useful information for management.

Explanation: