monitoring and evaluating performance

What are the Steps in Evaluating Performance?

Evaluation involves a deeper analysis to understand the effectiveness and impact of business activities. Here are the steps:
1. Define Objectives: Clearly articulate what you aim to achieve.
2. Collect Data: Gather quantitative and qualitative data relevant to your objectives.
3. Analyze Data: Use statistical tools and software to analyze the collected data.
4. Interpret Results: Understand what the data is telling you about your performance.
5. Report Findings: Document the findings and share them with stakeholders.
6. Make Decisions: Use the insights to make informed decisions and adjustments.

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