Question

In: Operations Management

Why is it important to keep score in a business?.

Why is it important to keep score in a business?.

Solutions

Expert Solution

It is important to always maintain a score in the business; a business always seeks for profit more than it has invested or expensed. To make the business growing and high-rise it is necessary to stabilize the dealings correctly in all respect. To maintain a perfect score in the business it is required estimate the chart of the working process. The business is required to maintain all the process, especially building effective decision-making process, strategies, and fulfilling the visions to reach goals. If the processes are maintained correctly then the business will maintain the score and it is really important as because the competitors are always active in making each objective more innovative and effective. To be in the competition it is important to keep the highest scorer with respect to service delivery and making exciting moves in obtaining maximum growth in business. Otherwise, the competitors will take the place and it will be difficult to regain the process. For maintaining the constant process to score high it is necessary to maintain balanced framework architecture. If the constant follow up and focus is made in the business then it will help to maintain the score, alternatively, it will fall down to hold the sustainability for the longer period. Therefore, for making the business sustainable and growing for the longer period it is required keep the consistency in high scoring and following the latest trend to rule the business to make it effective and longer sustaining.   


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