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Closed-loop Performance Management (pm)

Closed-loop performance management (PM) measures the efficiency and effectiveness of an organization's operations. It uses real-time performance monitoring data to identify areas that need improvement and allows companies to make changes to optimize their performance on the fly.

What Small and Midsize Businesses Need to Know About Closed-loop Performance Management (pm)

For SMBs, closed-loop PM helps improve productivity while reducing costs. It provides an objective view into an organization's operations and goals, allowing managers at all levels to collaborate on achieving the goals efficiently through communication channels such as feedback forms or regular meetings where progress toward business objectives is discussed openly with everyone. The technology is essential, as it offers insights into areas that need improvements while also providing the data required for decision-making across departments.

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