This memo relates to the application of routine metric measurements. The goal of assessing organizational performance related to regular company operations is to enhance decision-making by discovering hidden trends and the underlying causes of new problems (Rasool et al., 2022). Managers can provide employees with clear, concrete feedback about their performance by monitoring progress in a clear, measurable manner, such as financial costs and budgets, adherence to production deadlines, and customer satisfaction measures. This also enables upper management to assess whether operations successfully advance strategic goals across departments (Stocker et al., 2022). The expansion endeavour will benefit from these metrics. Increased employee retention and loyalty, improved communication between the various levels of management, enhanced productivity, and increased efficiency are some benefits of a successful performance management system.
Eliminating activities that are not directly related to strategic objectives, removing or reducing mismatched goals, and other benefits to the success of the person and the firm are some of the insights received from performance evaluation and assessment (Rasool et al., 2022). Keep activities in all areas concentrated on a common target by blatantly disregarding necessary performance measures that align with higher-level goals.
Industrial Inc. can use metrics to support operation measurements by looking at progress from multiple company vantage points. Using the balanced scorecard is one way to gauge effectiveness in each category. Performance is assessed using this method in four crucial areas: finance, customer relations, internal business processes, and learning and growth. These evaluations consider internal and external pressures and cost- and non-cost-related forces (Stocker et al., 2022). By quantifying the efficiency and effectiveness of previous acts, performance metrics will show their value if they help decision-makers make well-informed choices.
By being clear about the goals the firm wants to achieve and keeping an eye out for critical outcomes connected to those goals, managers may use the offered metrics in their day-to-day work to support operations and people (Rasool et al., 2022). The preliminary results must be precise, time-bound, aggressive, reliable, measurable, and verifiable. The objectives must be important, action-oriented, inspiring, and concrete.
KEY ELEMENTS
The following are essential components of a meaningful metric that effectively measures the intended performance (Rasool et al., 2022):
- It answers the root question- what are we trying to accomplish or change.
- It points back to the strategic objective.
- It is measurable-specific, time-bound, and requires data.
- It is simple to understand.
- It is owned by someone who can contribute to success/failure and is responsible for progress.
- It is clear how the metric information or data will be used.
- The data or statistics are repeatable- can be produced again.
Metrics should inform management of the advancement or reversal of progress made in the operations they track toward a strategic goal.
Metrics should be appropriately used to support the operational performance of the organization and should include meaningful data that is persistent and predictive (Rasool et al., 2022). A business metric is a measurement used to assess an organization’s performance; metrics relate the data they collect to the central issue in a way that tells a story about an activity.
Current metrics used by Industrial Inc. include sales, ROI, and manufacturing time. These metrics offer the company’s core operations’ perception from a financial and non-financial perspective. Number- and percentage-based information is being gathered, which will offer proof of whether Industy Inc. is moving closer to its goals (Rasool et al., 2022). Sales measurement provides precise information on the entire amount of money that Industry Inc. makes from selling its products. Measurement of return on investment (ROI), expressed as a percentage, reveals to Industrial Inc. how much money was made for every dollar invested in the business. Industrial Inc. can contrast its investments with other businesses operating in the same sector. Monitoring the manufacturing cycle time reveals how long it takes Industry Inc. to produce a finished good from raw materials. If this cycle is kept short, analysis of the data can result in improvements and strengthen Industrial Inc.’s competitive edge.
Industrial Inc. should use the measures’ findings to inform reporting across various departments, including financial, customer service/sales, and production, to drive organizational growth (Garcia-Perez et al., 2019). When the data is tracked, the conclusions should be examined and used to support changes in priorities.
APPROPRIATE METRICS
I suggest Industrial Inc. use the following metrics for each objective:
- Industrial Inc. should use its sales metrics to assess existing sales by employees to determine each employee’s effectiveness in procuring and fulfilling contract requirements to increase sales by 5% by securing new contracts with one or more automotive manufacturers. Also, Industrial Inc. should consider a market penetration metric to estimate its existing share in the possible sales of the product it manufactures to find prospective new clients (Garcia-Perez et al., 2019). This will make identifying the potential markets that Industrial Inc. might want to explore easier. The production, customer service/sales team, and financial department should all be aware of this metric.
- Using the current manufacturing cycle time metric to track real cycle time and introducing staff performance measures tailored to the manufacturing process to gauge efficiency, speed, and the number of errors would help achieve the target of shortening the manufacturing cycle by 10% (Garcia-Perez et al., 2019). All departments should be aware of these metrics and data because they directly impact them. The data from employee performance metrics can be used by human resources to find new hires with the necessary abilities and assist in putting employees in the right roles.
- Focus should once more be placed on precise tracking of staff measures and incident counts to implement strategic measurements and procedures to review and enhance plant safety and cut the number of injuries by 50%. Employee safety training, adherence to regulations for the safe use of machinery, and tenure in employment should all be considered when developing employee-specific measures (Garcia-Perez et al., 2019). Whether or not there are injuries, keeping track of incidents will assist in identifying problem areas for training or other safety measures. Production, Human Resources, and the Financial Department should all have access to this statistic and data. Once more, the details about an employee’s performance can help HR accomplish hiring, promotion, and reassignment goals.
These proposed metrics help the organization achieve its objective by offering a benchmark for overall performance and actual data that can be utilized to put practices and procedures in place to enhance overall performance. Metrics should be consistent across all departments to prevent work from being done in silos (Stocker et al., 2022). Cross-departmental metrics, which use data to determine progress milestones and the finished product’s overall quality, will help inform organizational performance overall by proving success across departments.
References
Stocker, J., Herda, N., & Jürjens, J. (2022). Life cycle and metrics measure business processes’ resilience by considering resources. Business Process Management Journal, (ahead-of-print). https://doi.org/10.1108/BPMJ-10-2021-0674
Garcia-Perez, A., Gheriss, F., & Bedford, D. (2019). Metrics for Knowledge in the Business Process. In Designing and Tracking Knowledge Management Metrics (pp. 117–128). Emerald Publishing Limited. https://doi.org/10.1108/978-1-78973-723-320191019
Rasool, F., Greco, M., & Grimaldi, M. (2022). Digital supply chain performance metrics: a literature review. Measuring Business Excellence, 26(1), 23-38. https://doi.org/10.1108/MBE-11-2020-0147
The Influences Of Hollywood On Latin American Filmmakers Essay Example For College
Hollywood shaped American popular culture by portraying democratic and capitalist ideals and values. Modern filmmaking in Latin America is hampered and helped by its close ties to Hollywood. Hollywood has made significant inroads as an export market and a location for offshore film production. Filmmakers at the time were attempting to develop a new film language to produce a cinema of “underdevelopment” that could be used to educate the public rather than entertain. The biggest studios in Hollywood have signed allocation and co-production deals with their Latin American counterparts. Hollywood, the epicenter of the American film industry, has profoundly influenced filmmakers in other parts of Latin America. Hollywood movies are seen and enjoyed all over the world, and they have a significant impact on global culture and social mores. American values and ideals, both beneficial and harmful, are frequently reflected in Hollywood films instead of counting on government support or European co-production money alone. Hollywood’s major studios produce most of the world’s highest-grossing and most popular movies. Hollywood’s highest-grossing films have done better in international markets than domestic ones, both in box office revenue and ticket sales. As a result, this essay will analyze how Hollywood has impacted filmmakers in Latin America.
According to Death of a Bureaucrat film, Death of a Bureaucrat are a black comedy and one of the most unexpected Cuban films. It shows how the ordinary citizen in a communist country has to waste time and effort navigating bureaucracy to get by. Regarding politics, Hollywood presents an Americanized and biased view of the world (Craig, 2008). Hollywood paints a simple, good-versus-evil view of global issues, stereotypically portraying Muslims, Russians, South Americans, etc., as villains who stand in the way of progress and freedom. Some WWII films exploit anachronistic innovations in historical drama to paint Americans in a favorable light while exaggerating the United States’ participation in the Allied triumph and downplaying the role of other countries. Alea had to have the video smuggled out of Cuba to be released in the United States, even though it harshly mocks essential parts of Cuba’s developing communist society. It also pays homage to and mirrors the work of cinematic greats like Charlie Chaplin, Laurel and Hardy, and Luis Bunuel, all of whom are prominently featured in the film’s opening credits. It is a long black-and-white comedy about a society that has undergone a socialist revolution and now demands that the government treat the dead with the same dignity as the living (Craig, 2008). The newly socialist country is a thinly veiled Cuba, and the hilarious turns and characters are reminiscent of Hollywood comedy traditions and stars like Charlie Chaplin, Laurel and Hardy, Buster Keaton, and even Marilyn Monroe. There is also some surrealism and dark comedy in there that calls to mind the work of Buuel. Hollywood has significantly impacted the global Latin American film industry and media. Several countries have their film industries because of the success and popularity of Hollywood. The broad adoption of Hollywood’s storytelling style, special effects, and marketing tactics has increased the production of high-budget, memorable effects-laden films. Hollywood significantly impacts the international media industry since American television shows and movies are broadcast and viewed worldwide. This has led to greater dissemination of American culture and values and has impacted other countries’ media industries (Craig, 2008).
Nine Queens; Nine Queens is a 2000 Argentinian crime thriller written and directed by Fabián Bielinsky, which pulls extensively on Hollywood influences. Hollywood achieved international commercial success within the confined confines of the art house cinema theatre (Copertari, 2005). Latin American films illustrate the two-way nature of the film distribution and exhibition market. Hollywood’s leading studios dominate international film markets because they are much bigger and wealthier than their overseas counterparts. Costly special effects, high pay for international movie stars (who may then leave their home country’s film industries), and massive advertising budgets contribute to this. Hollywood has indeed lobbied the US extremely effectively over decades to maintain cultural exports are categorized as just another type of trade in international agreements and to help it obtain control over transmission networks abroad. Certain long-held assumptions regarding the bond between South American and US-dominated cultures are shaken up by the fact that the film has been remade in Hollywood (Falicov, 2007). Hollywood movies undermine the moral standards of all societies and corrupt their youth by celebrating sex and violence. Even in the United States, Hollywood’s moral standards were heavily criticized during the 2000 presidential campaign. The film Nine Queens is a helpful example of these concepts since it shows how the model/copy formula and the idea of a pure cultural form fail to describe the film’s content adequately.
Conclusion
In conclusion, many of Hollywood’s highest-grossing pictures have done better at the international box office than films from any other region, particularly South America. Hence, liberal principles of universal significance, such as women’s rights, the dangers of tyranny, the unique selling proposition of each human existence, and the potential for personal achievement through hard effort, are typically promoted in Hollywood films. It should come as no surprise that the nation’s most eager to ban Latin American films are also the ones that place the most negligible value on free expression.
References
Craig, L. (2008). Exhuming Death of a Bureaucrat. Bulletin of Latin American Research, 27(4), 519–533.
Copertari, G. (2005). Nine Queens: A dark day of Simulation and Justice. Journal of Latin American Cultural Studies, 14(3), 279-293.
Falicov, T. L. (2007). The cinematic tango: Contemporary Argentine film. Wallflower Press.
Hamilton, C. (2012). Sexual Revolutions in Cuba: Passion, Politics, and Memory. UNC Press Books.
Dore, E. (2009). Cubans’ memories of the 1960s: the ecstasies and the agonies. Revista, 7(16), 34-38.
American Red Cross (ARC) Free Essay
American Red Cross is an agency chartered by Congress to conduct national and international relief. This non-profit making and humanitarian organization is devoted to responding to floods, pestilence, fire, and famine, among other national disasters. American Red Cross was founded by Clara Barton in 1881; in Washington, DC. The services are charitable. The agency is responsible for ensuring preparedness to prevent future occurrences of calamities. Despite being a non-profit organization, American Red Cross has played an essential role in shaping the lives of communities through humanitarian activities.
American Red Cross (ARC) offers a wide range of charitable services such as blood donation, provision of safe and healthy training, and disaster relief services to the armed forces (Will, 2022). Daily, at least 36 blood Services sites and 600 chapters are operational to support the victims of calamities. Globally, American Red Cross is well known for blood donation. The agency ensures a steady blood supply in health facilities through blood donations. Therefore, they gather and supply blood beyond the United States. The agency responds to emergencies arising from calamities that take a natural or artificial course. During a disaster, the agency ensures that the victims receive adequate food, shelter, and other basic needs. Safety and health training is offered by the American Red Cross (Will, 2022). According to disaster reports, American Red Cross responds to over 70,000 calamities yearly.
The agency provides training programs on water safety, first aid, and other relevant courses. These safety and health training programs emphasize readiness and preparedness in natural or artificial calamities. People become aware of the proactive procedures to undertake while mitigating vulnerabilities. American Red Cross has also partnered in international services (Will, 2022). They are committed to mitigating human suffering through their partners, such as the Red Cross and Red Crescent and the International Committee of the Red Cross (ICRC), with a common goal of supporting and protecting lives. The agency has contacted the most vulnerable people in many world societies. Families have been reconnected after natural calamities as the public members are educated on calamity preparedness and measures. The agency, therefore, strives to ensure that the well-being of people is prioritized through humanitarian services.
The types of disasters to which the American Red Cross respond range from natural disaster and man-made disaster to health emergencies. Being a non-profit organization, American Red Cross is governed by a volunteer board of directors. American Red Cross ensures that families and other persons attached to veterans and service members can access humanitarian services. Besides, the agency works closely with the armed forces worldwide while servicing wounded soldiers. They offer material help to injured armed warriors and other necessities to their affected families (Will, 2022).
The American Red Cross is governed by a board of directors that work on a volunteer basis. There are no partnerships between the agency and the Federal government. Having received a charter from Congress, the agency and its operations are recognized by the Federal government. It operates under government jurisdiction as the Federal provides oversight during calamities. However, the agency is mainly governed by volunteers that have channeled resources needed during the disaster. Leaders from communities and stakeholders have crucial duties and responsibilities in the American Red Cross (Will, 2022). The charter defines the responsibilities of the agency. According to the Charter, the American Red Cross must establish and ensure a national and international calamity relief system. ARC was created based on the Congress Act as a congressionally chartered organization. The charter, therefore, provides ARC with clear responsibilities and privileges, mainly offering humanitarian aid to communities. The federal government has jurisdiction over the American Red Cross, which requires the organization to function under oversight. The organization is entitled to government funding despite acquiring monetary donations from other volunteers (Will, 2022).
In conclusion, the American Red Cross is crucial in saving and supporting people amid natural or man-made calamities. Catastrophic natural disasters often cause displacement of people and loss of lives (Will, 2022). Communities are separated from their loved ones. As a result, American Red Cross, under the Congress Charter, is tasked with ensuring that the victims are well supported with the available resources.
References
Will, B. (2022). The American Red Cross and the Making of Ernest Hemingway. South Central Review, 39(1),20–38.
https://www.redcross.org/content/dam/redcross/atg/PDF_s/GuideToServices.pdf