Answer:
• Employee creativity / Innovation
• Through efficiency
• Demanding accountability
Step-by-step explanation:
• Employee creativity/Innovation. When employees of a company are creative, such creativity is one of the key components that will distinguish the company in the market place.
When a company does something new - one of its kind in terms of product offerings, brand identity, customer service, business strategies etc, such makes the employees happy, delight customers, excite and build confidence in investors.
• Through efficiency. This means that an organization is able to the manage cost attributed to running it. Here, wastes are removed, while focusing on the best possible means to achieving business objectives with minimal resources.
Efficiency helps a company to keep track of its inventories, cost of goods sold, labor cost(both direct and indirect), capital employed etc; all of which are seen on the company's income statement and balance sheet.
• Demand/setting accountability • Here, every employees are held accountable for their actions and inactions as it pertains to their deliveries in the organization. Poor performance are not tolerated; only high performances are expected from employees.
Performance appraisal comes into play here as employees are appraised based on their performance , the result of which is used to drive business strategy.