Performance Levers in the Management Essay

Exclusively available on Available only on IvyPanda® Made by Human No AI

The importance of performance levers can be validated by the fact that management innovation dimensions are all in line with the levers of control and create room for even more updated practices. These may range from the development of managerial practices to the implementation of complete managerial structures (Higgins et al., 2018). The presence of performance levers would become a competitive advantage for the team due to the decreasing number of constraints affecting the team. Also, performance levers unlock additional variables associated with organizational performance assessment, creating a much friendlier environment for teamwork and profitable employee engagement. While managers could use additional constraints under the flag of performance levers, the ultimate idea for the team would be to benchmark individual and joint successes and introduce required changes into the areas of supply chain management, value chain analysis, and strategic cost management.

Speaking of financial decisions, performance levers could be the best way to distinguish between the best markets to penetrate and the most appropriate target audiences to serve. If an organization chooses to approach the respective business environment with the help of performance levers, it will gain access to a much more sustainable and resilient environment where the company would attract investments instead of turning them down. As it is mentioned in Higgins et al.’s (2018) book, performance levers affect the long-term effects of financial decisions because the team starts questioning the outcomes of their activities within distinct markets. Less generalization leads to the discovery of the most profitable sectors and the most appropriate organizational vision. The purpose of performance levers in terms of financial decisions is to align the company’s goals against the existing client segments and markets and outrun the competition.

Reference

Higgins, R., Koski, J., & Mitton, T. (2018). Analysis for financial management (12th ed.). McGraw-Hill Education.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2022, July 6). Performance Levers in the Management. https://ivypanda.com/essays/performance-levers-in-the-management/

Work Cited

"Performance Levers in the Management." IvyPanda, 6 July 2022, ivypanda.com/essays/performance-levers-in-the-management/.

References

IvyPanda. (2022) 'Performance Levers in the Management'. 6 July.

References

IvyPanda. 2022. "Performance Levers in the Management." July 6, 2022. https://ivypanda.com/essays/performance-levers-in-the-management/.

1. IvyPanda. "Performance Levers in the Management." July 6, 2022. https://ivypanda.com/essays/performance-levers-in-the-management/.


Bibliography


IvyPanda. "Performance Levers in the Management." July 6, 2022. https://ivypanda.com/essays/performance-levers-in-the-management/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
1 / 1