Otley’s model
Otley’s model is a framework for performance management in organizations. It emphasizes the importance of setting clear objectives, measuring actual performance against those goals, and using feedback to improve future performance. The model involves several key components: defining objectives, implementing strategies to achieve them, evaluating results, and taking corrective actions if necessary. Essentially, it helps organizations align their activities with their goals and ensures they can adapt and improve over time, fostering a culture of continuous learning and performance enhancement.
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Otley’s Model is a framework used in management to help organizations effectively measure and manage their performance. It focuses on clarifying goals, assessing resources, and understanding the external environment that influences success. The model emphasizes the importance of feedback loops, allowing organizations to adapt and improve based on performance results. Essentially, it helps organizations align their activities with their objectives, ensuring that efforts are efficient and effective, leading to better decision-making and enhanced overall performance. It serves as a guide for both strategic planning and operational activities.