Measuring Public Sector Performance - Essay Example

Comments (0) Cite this document
This paper “Measuring Public Sector Performance” discusses the observation that profit-oriented organizations have a ready-made measure of performance and the performance of public sector organizations, for which suitable output measures are absent. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91% of users find it useful
Measuring Public Sector Performance
Read TextPreview

Extract of sample
"Measuring Public Sector Performance"

Download file to see previous pages Then, common models of performance measurement and how they were developed are investigated. Third, the public and private sectors are compared and contrasted to highlight similarities and differences in their functions, goals, and outputs. Fourth, key developments in private and public sector performance measures are reviewed and discussed to highlight the convergence in the efforts of each sector to address stakeholder expectations. The paper concludes with a set of observations that disprove the hypothesis by showing that performance measurement as a basis for financial accountability and management in both the private and public sectors has become more complex and difficult and provide challenges for everyone.
 Any discussion of organizational performance begins with an understanding of the nature of human organizations and why they exist. Like the human beings who establish them, every organization exists for a purpose, a set of goals or objectives that has to be achieved. By custom and for analytical convenience, organizations are classified based on their main purpose; thus, there are private-sector, public-sector, not-for-profit, institutional, voluntary, and mixed organizations. Table 1 summarises each of these organizational types, their specific purposes, and some basic examples of each.
 Regardless of the type, an organization can be said to be successful if it meets the purpose(s) for which it is established, and with success comes its continued growth and existence. Otherwise, it would be better for an organization that does not meet its purpose for existing to close down. This is where accounting as a management tool proves its usefulness because it helps provide public sector organizations with the means to measure performance (Jones et al., 2002). ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Measuring Public Sector Performance Essay Example | Topics and Well Written Essays - 5000 words”, n.d.)
Retrieved from https://studentshare.org/social-science/1539780-please-choose-one-topic-which-present-in-the-outline-attachment
(Measuring Public Sector Performance Essay Example | Topics and Well Written Essays - 5000 Words)
“Measuring Public Sector Performance Essay Example | Topics and Well Written Essays - 5000 Words”, n.d. https://studentshare.org/social-science/1539780-please-choose-one-topic-which-present-in-the-outline-attachment.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Measuring Performance
Similarly, forecasting tends to identify the profitability of the business plan and thus assists the organisation in decision-making (Prieskorn, 1975). Considering the importance of budgeting and forecasting in the development of an effective business plan, the paper will concentrate on the structuring of an effective business plan for Jengo Ltd.
10 Pages(2500 words)Essay
Measuring Performance
Here, in case of Maldives Plc, revenue for 2010 is ? 49,800,000 and revenue for 2011 is ? 57,400,000. Now, Gross profit which is equal to revenue minus cost of good sold is ? 25,896,000 in 2010 and ? 26,978,000 in 2011. Thus, gross margin of Maldives Plc in 2010 was (25,896,000 /49,800,000) = 0.52.
4 Pages(1000 words)Essay
Measuring Performance
There is reason to believe that the findings of the situation analysis, selected forecasts and planning activities will offer a more transparent outlook of our revenue - generating potential in terms of company performance and future prospects. I am certain that Palisade Plc will not entertain second thoughts of acquiring half of the company if the aforementioned reports will be prepared and provided for the perusal.
10 Pages(2500 words)Essay
Measuring Performance
In order to assess the financial impact of the proposed strategy upon FDP’s financial performance and position, financial ratio analysis has been used as a tool for that purpose. On the other hand, non-financial indicators have also been analyzed with the help of Balanced Scorecard technique which is a very effective as well as precise tool to judge the performance of the company.
11 Pages(2750 words)Essay
The Strengths and Weaknesses of the Performance Management System of the Riyadh City
Although the use of performance management as an important tool for managing organisations has been evident since the 1800s, during the previous decades, the performance management of the public sector has transformed into one that emphasizes the measurement of outcomes as well as recognition and rewarding of results (Heinrich 2003).
6 Pages(1500 words)Essay
Measuring Performance
Strategic planning is the process of defining a strategy and making decisions to allocate resources to achieve the strategy. Some techniques used are SWOT analysis, PESTEL analysis, and Porters 5 points. SWOT analysis evaluates the main internal and external factors that command the success of the business.
10 Pages(2500 words)Essay
The impact of performance management system in public sector
The Public Sector is usually defined to include traditional non-profit and social entrepreneurial organizations which are believed to combine social and financial mission (Grimes, 2010). Recently, many public organizations have been under great pressure to increase their productivity, efficiency and quality of service.
10 Pages(2500 words)Essay
Measuring Construction Industry Performance
Despite of assistance from organisations such as income disaster assistance program, the contractors and investors ability to stand up on their legs is not improving since the profit of small investors are shrinking so quickly as the expenditure put on grows every year.
15 Pages(3750 words)Essay
Measuring Public Sector Performance
This observation provides the hypothesis for the research paper that measuring the performance of the public sector is more difficult compared with measuring the performance of the private sector. The discussion has five parts. First, organisational types and the importance of performance measurement are linked together and discussed.
12 Pages(3000 words)Essay
Measuring Business Performance
he report defines and explains the difference between efficiency and effectiveness as well as the reasons why businesses prefer higher levels of efficiency and effectiveness. In addition, it carries out ratio analysis of Apple and then discusses drawbacks of financial ratios.
6 Pages(1500 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Measuring Public Sector Performance for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us