Question

According to whom is there a positive correlation between the success of an organisation and assessing the requirement of information?

Answer 1

Answer:

Steps to effectively measure organizational performance:

Be clear on the direction.

Set SMART goals.

Determine what is critical to measure.

Implement changes and measure outcomes.

Ensure everything that is measured ties back to the overarching organizational goals. Adjust measures as needed.

Answer 2

• Organizations can concentrate especially on the areas that have the biggest impact on their success thanks to the quality and capability of their information systems.
• A shared vision emerges and communication is facilitated when organizational members share outcomes via an information system, similar models, or business processes.
• As a result, coordination is carried out more successfully, which eventually improves performance.
• Additionally, an organization won't be able to take advantage of many success factors for information systems if it has the proper organizational learning system.
• For survival, organizations must constantly be prepared to adjust to their surroundings and respond to changes in an appropriate and timely manner.
• To gain knowledge and understanding, they must be able to communicate information and change their behavior.
• In this work, we conduct a quantitative survey-based study to explore the relationship between organizational learning as a mediating factor and the performance of Iranian insurance companies.
• The insurance sector's data was gathered using a questionnaire.
• Using structural equation modelling, data are analyzed.
• Results point to a strong link between organizational learning, performance of insurance companies, and the success of information systems.
• Knowledge management strategies can be either helped or hindered by organizational culture.
• As a result, the goal of this study is to conceptualize and empirically evaluate a framework for examining the relationship between organizational culture and knowledge conversion and corporate performance.
• Design, methodology, and approach: To obtain the greatest understanding of organizational culture, knowledge conversion, and corporate performance, questionnaire and statistical analysis approaches were used.
• Findings - According to the questionnaire analysis results, an adhocracy culture is more likely to facilitate knowledge transfer and improve corporate performance than clan or hierarchical cultures.
• Research limitations/implications: The study examines the relationship between organizational culture and knowledge conversion on corporate performance in the context of a set of socioeconomic, cultural, and linguistic attitudes and behaviors that are Chinese-centric.
• However, cultures vary greatly between nations.
• This study could be expanded in the future to include areas of the world with various views and habits.
• Consequences in practice - If the company can foster an adhocracy culture, it will be simple to establish a setting where knowledge workers can learn, feel at home, and have the chance to be inventive and creative, improve corporate performance, and raise the value of the company.
• Originality and worth - Successful knowledge management initiatives can boost business innovation potential, according to a large body of research.
• Regarding organizational culture, knowledge translation, and corporate performance, actual data are still lacking.
• Thus, a statistical analytical model was created in the study with three cultural characteristics and four knowledge conversion activities to evaluate the relationship between organizational culture and knowledge conversion on corporate performance.

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