In: Finance
1. We talked about how private organizations get feedback on their success through profits. Public organizations rarely have a clear indicator like profit to use as a measure. What are two other ways in which public organizations measure their success and why aren’t they perfect measures?
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Two alternatives in which public associations measure their success and why aren’t they perfect measures are:
These measures are not the ideal measure on the grounds that –
These measures normally contend with each other. In some cases two goals of the public associations can't at the same time push forward because of current circumstances. Hardly any associations need to receive new goals in the middle. All things considered it isn't viable to gauge the performance based on accomplishment of all the set points and targets. Clashes of targets are the principle reason that the performance is hard to quantify in public sectors.