IntroductionThe financial crisis and economical dynamics, information and technological advancement, large, medium and small companies and organization have experienced rather dynamic shift of the manner in which their day to day operations are carried out. The assets and other resources that the organizations rely on has seen more improved arrangement in the sense of planning and execution of production and service delivery. Information has become an essential commodity not only to the companies but now to all clients, suppliers and the staff. This has seen the organizational structures being re-engineered towards ensuring that the generational shift and the structural organizational change fall within the present status.
This is to enable the organization and other companies concerned to remain as competitive as possible. Organizational resourcesEvery corporate, medium and small organization always posses and hold dear the materials and assets that they use to produce their products and deliver the services. Most of the organizations’ assets vary depending on the following parameters: Type of the organization whether service based or manufacturingArea of operation as this affects the legal framework of operation. Size of the organization also matters as it demands a specific level of man-power as well as other resources. Resources within an organizational entity are defined as the items and materials that the organization uses to accomplish its goals and aspirations.
They utilize them to get their mission done and their vision achieved. The organization itself or the company creates a platform upon which the resources interact to produce goods and services that matches or surpasses the needs of their clients. Organizations utilize varied forms of resources which are always described in the following parameters: The human resources otherwise known as man-powerFiscal resources, e.g.
capital and other financial materialsPhysical resources e. g. raw materialsInformation resources e. g. the most important in this generation’s organizations. Organizational performanceThis is defined or understood as a global conception representing the domino effect of human resource interaction with other resources to produce goods and deliver services to ensure clients get what they will perceive as quality products and services that they feel they got value for their money. According to Griffin W. R., organizational performance is ‘the way in which various organizations try to be effective in its utilization of resources’.
An organization’s performance can be analyzed or measured in many parameters. The majorly used parameters is the statistical relationship between input and out-put. A Framework for Performance has been developed as a framework for performance for managers to carefully take into consideration as they attempt to achieve organizational objectives: As it were, performance is not a single standard component but rather consists of a compound criterion. The level of psychoanalysis of performance varies and range from the individual human resource to the user of the organizational products and services and on to the community in general. The focal point of organizational performance can concern; MaintenanceImprovement Developmental goalsThe time frame for performance, from short term to long term has to be established.
How the performance will be assessed from objective to subjective assessments should always be taken into account.