distribution platforms. The inputs and output variables used in operational efficiency are those that involvevalue-added services. The operational performance captures the efficiency and productivity of bank staffsemployed in the performing of value-added services (Jung, Park, Hong & Hyun, 2016)Elements of Operational Activities in BanksIn banks performance management, four primordial elements come to play. According to Portela andThanassolious (2015) all companies must consider the following four elements of performance, via;planning, execution, control and analysis.Planning:The strategies, processes and supporting IT solutions which help manufacturers schedule,sequence or load level production in order to reliably meet the combination of customer satisfactionand financial goals. Planning capabilities are crucial to ensure schedules are feasible, resources areleveraged, and sequence an change-over are minimized to improved operation.Execution:The strategies, processes and supporting IT solution which provide instruction toworkforce and automation to better meet schedule and quality requirements. Execution systemsinclude equipment and technology to support work instructions, testing, inspection or work status,inventory status and replenishment. Execution capabilities synchronize resources and treackperformance (Aberdeen, 2016).Control:The strategies, processes and supporting IT solutions which measures plan against actualperformance in real-time alert the workforce to actual or potential deviations, and proactively re-planor suggest corrective action (Jung, Park, Hong & Hyun, 2016).Analysis:The strategies, processes and supporting IT solution which aid in understanding complexoperations and their impact on financial performance. Analysis determines operation effectiveness andidentifies improvement opportunities.Planning is so important that all experts agree that one isplanning to fail when not planning to succeed. It believes the manager to plan for the futurerequirements of the organisation. Planning, thus bridges the gap from where we are to where we wantto be (Portela & Thanassolious, 2015).Theoretical ReviewThe theoretical foundation of this study was anchored on Information Theory and Theory of PerformanceRatingInformation Theory6
Those companies that may look for ways to communicate their environmental performance to outsideshareholders and stakeholders may be hindered by lack of full understanding of the commodities, practicesand resources going through their supply chains. This might be due to suppliers may cling to someinformation about their environmental performance and the impact the customers will experience. Thissituation is also known as information asymmetry (Khan, 2017). The main benefit of green supply chains isobtained from the potential to market and sell green products. This kind of capacity can potentially developinnovative commodities thereby building a competitive edge for the firms (Delmas & Montiel, 2015).
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Term
Fall
Professor
NoProfessor
Tags
Pandemic, deposit money banks