Strategy: Improving Organizational Performance

Why is it important to look at the process relationship of an organization to improve the performance? As the business environment changes, the survival of firms will depend on their ability to understand and manage their key asset. In the 21st century, it has become increasingly important for firms to create the ability to exploit their intangible assets. There should be a fit between the goals and strategies of the organization and their knowledge assets. There is a major impact to the success of firms when knowledge is used to create corporate strategy. When there is proper alignment between the knowledge management and business strategy, then organizations move towards superior performance in stock value, revenue, and income.

As we peel back the onion of an organization it brings us to the successful crafting of the vision that is shared with employees. However, the culture of the organization plays a major role in the impact to improving the performance within the organization. The understanding of the organizations culture, brands, and employee’s identities should be reviewed. Proper testing and analyzing can assist your organization in creating a healthy organization by aligning beliefs, practices, and goals. Additionally, it creates a smooth transition for mergers and acquisitions while allowing the company to recruit and empower effective leaders.