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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
Home » Glossary » What is Process Paradox?
What is Process Paradox?   

What is Process Paradox?


 Process Paradox means a conflict between the effects produced by a certain process and the anticipations of people or organizations that perform this process.  In practice it means if a company (or individual) does not use a process, this process cannot help the company; if the process does not help, the company will not use it.

 The obvious consequence of process paradox is that when somebody starts doing a new process, this effort seems to be totally useless and a waste of time. The person or organization needs to have faith and really use the process until this process begins to return on investment. Hence, the workaround for the problem of process paradox is to be result-oriented and focused on a given process while keeping track of process progress and never regarding the process as a waste of time.

 This workaround is widely used in business practice. For example, a commercial company can suffer from a decline and even failure while a desired process reform dramatically improves business efficiency by saving the company’s resources and enhancing product quality and customer service. As a result, the company overcomes the troubles and its business activities become more efficient.

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