ADVANTAGES AND DISADVANTAGES OF SPM
SPM practices help the organization to derive many advantages. So also it leads to many disadvantages. Hence it is desirable for the organization to balance the advantages and the disadvantages to make best use of SPM. Some of the widely verifiable advantages of SPM are presented below:
- Increase in output.
- Increase in revenue.
- Increase in profit.
- Reduction in costs.
Such advantages improve the overall performance of the organization in the following ways:
- Closer collaboration and better knowledge sharing and information exchange between organizational units.
- Strengthened focus on what is important for the organization.
- Higher quality of performance information.
- Better strategic alignment of organizational ...
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