Professional Documents
Culture Documents
3. Marketplace Performance
How well a business performs in the marketplace can also demonstrate
its effectiveness and performance.
Areas to measure include:
Market share:-Market share is very important for determining
company performance. A higher market share usually means greater
sales, a strong barrier to entry for other competitors and lesser effort
to sell more because well-established word of mouth marketing.
Innovation: - We can measure the performance of the company by
simply knowing how innovative it is. A good performing companies
have innovative ideas and technology as they regularly change
themselves and adopt themselves according to the environment. They
have the best technology and services and they regularly innovate and
introduce new-new products in the market.
Growth:-growth is also the key indicator for measuring the
performance of the company, robust growth means company
outperforming mainly in its sales. Growth is also important to add
more resources, Locate new sales opportunities and Expand range of
products or services.