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The specific needs of small and medium-sized enterprises (SMEs) have been addressed by various initiatives in diverse areas of organizational management and development, including the context of performance management and measurement.
Developed in 1961 by a former Massachusetts Institute of Technology (MIT) professor, John D. C. Little, the law that carries his name (Little’s Law) has emerged from being a queue theory at its origins to being applied currently in a variety of other aspects of every-day life, such as: Project Management, Manufacturing, Supply Chain etc.
Performance measurement and reporting for control is not the sole purpose of tracking results against targets. One of its very important dimensions is that of enhancing accountability towards stakeholders; in private-owned organizations, reporting is directed mostly to shareholders and managers, whereas in governmental institutions, communication is directed towards the entire community served.
In a recent press release, the Mayor Michael R. Bloomberg and Schools Chancellor Joel I. Klein announced that New York City’s four year high school graduation rate rose to all time high of 63 % in 2009.
Camelot is the operator of The UK National Lottery. It operates solely in the UK and Isle of Man and its head office is situated in Watford. The primary purpose of the Camelot Group is to drive sales in order to maximize returns, having as principal activity the operation and promotion of The UK National Lottery in a socially-responsible manner.
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