Answer:
The file / pdf is actually VERY useful I recommend reading it because it explains things in full detail and it draws a very vivid image. Not only that but it has a very useful Q and A which helps to outline things. Hope it helps!
Explanation:
Let's go back a little simple.....
What is Firm Performance?
Firm performance is a term which may include organizational performance, functioning of the firm and outcomes of its operations.
What are Firm Level Factors?
- The factors include firm level factors and industry factors.
- The firm level factors include resources, structure, organization culture, chief executive officer attributes and board characteristics.
- The strategy choice is influenced by the business environment. The strategy links the organization to the environment.
Ok, now that we understand let's get into more detail!
Key Factors Regarding Firm Performances:
- The ability of management (all levels, no matter what) to cope with change
- The nature and effectiveness of the processes used to arrive at major decisions to bring about change
- The efficiency of the mechanisms utilized to implement management decisions
- The internal methods employed to determine and track valid objectives
- The effectiveness of the way information is communicated within the company
- The quality of the personnel and attention to recruiting and selecting the proper quality and adding to their abilities with further training
Key Factors That Determine Firm Performance:
Key factors that now affect firm performance and determine sustainability upon the work force include; knowledge creation, knowledge management, uncertainty management, organizational intelligence, and supply chain administration.
