Chapter Name: Performance of the business
Description:Reviews metrics like profitability, productivity, and customer retention.
Purpuse:To assess business effectiveness and progress.
Rational:Enables data-driven consulting and informed decision-making.
Chapters Topics
Objectives of the business
The objectives of a business outline its goals, which could be financial, operational, or strategic. These objectives guide decision-making and align the efforts of all departments towards common business targets.
Evaluation of business performance
Evaluating business performance involves assessing how well the business is meeting its goals. This includes financial performance, customer satisfaction, employee performance, and operational efficiency.
Procedure for financial analysis
Financial analysis involves reviewing key financial statements (balance sheet, income statement, cash flow statement) to evaluate a business's financial health. It includes ratio analysis, trend analysis, and forecasting.
Performance data reporting
Performance data reporting involves presenting key metrics and KPIs (Key Performance Indicators) in a clear and accessible format. These reports help managers and stakeholders make informed decisions based on data-driven insights.