Essays on Performance Management System Literature review

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The paper " Performance Management System" is a wonderful example of a literature review on management. Wunder (2005) defines business environment as external forces, aspect, and institutions that surround a business enterprise and influences its functions. These aspects include customers, government, political, social, legal, suppliers, competitors, and technological aspects to mention a few. A business environment is also made of leadership, power of the authority, politics’ in the business, and employees' behavior. In my study, I have used Australian Air Express as my study topic. The business is an aviation industry serving numerous numbers of customers from different parts of the world like Asia, Africa, Australia, Oceania, and northern America.

It has been classified as the most used air route in the world and the third busiest port in the Asia Pacific region (Wunder 2005). Business strategy Business strategy is the analysis of the business environment which includes competitiveness and the technology in use. It involves an analysis of business internal resources and techniques with emerging risks and opportunities arising from its external environment. The appropriate resources are prioritized by developing relevant technological innovations.

From which an effective value of delivery is developed from the processes in use (Packard 2009). The deliveries may involve activities like coming up with a new product and improving the efficiency of operations in the business to increase business market recognition. In order for the business to gain full strategic innovation, there is a need to license to another organization so as to gain enough capabilities. This can be achieved either by expanding or protecting the business market share. However, expanding a business may create a challenging and innovative environment.

Hence a business is able to maintain productive staff in respective departments and through high productivity will be able to increase appreciation in the market (place Packard 2009).


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