Describe the characteristics of high performance organizations

Answer!!!!!

The definition of a high performing organization relates closely to how an organization

strategically uses its resources. Above all, senior managers set goals for all departments and
develop a system for measuring progress toward goal achievement, which is also called strategic
performance management. In a business, this process is tied to customers and markets. Business
leaders and employees must devote their efforts to customer-focused goals and continuously
adapt the organization to the market.

Measurement and Feedback

Organizational units and individuals in a strategically managed organization are measured for
performance and receive ongoing feedback about their performance. High-performing
workforces use feedback to change their performance to meet their goals. Also, senior leaders
make higher-level decisions to make weaker organizational units stronger, such as moving their
top managers to poorly performing organizational units until they become high-performing.
Clear Management

Managers are key assets of a high-performing organization. They know how to measure
employee performance. For example, they can explain goals to employees, help them understand
their critical job tasks, provide training and coaching and help employees develop to their
greatest potential. Managers use a system to track and measure performance. They review data in
this tracking system throughout the year to identify and correct performance problems.
Collaboration

People are the greatest advantage of a high-performing organization, and they must know how to
collaborate effectively. If the level of collaboration is high and people are attaining their
performance goals, then the workplace culture is generally positive. If there are breakdowns in
performance and other setbacks, employees feel less positive about their jobs. They are less
likely to meet performance goals and the quality of employee collaboration will decrease.
Managers play an important role in keeping collaboration at a high level.
Financial Efficiency

A high-performing organization manages financial resources efficiently. For example, it uses

finance and budgeting practices to gauge how much money is available for employee
compensation and benefits. Managers and HR professionals develop a staffing model that aligns
the right number of employees with each operating goal. The organization ensures employees are
compensated according to the market value for their positions. Managers study each business
function or process and identify ways to eliminate task duplication. This might include changing
employee assignments in the staffing model.