FiMO RECoIL Model - Explained
What is the FiMO RECoIL Model?
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Table of ContentsWhat is the FiMO RcCOIL Model?
What is the FiMO RcCOIL Model?
Organizational Growth Effectiveness = Current Performance x Future Potential Performance
Current performance includes results in the fields of Finance, Marketing and Operations, known also as the acronym FiMO.
Future potential performance include results in (RECoIL):
- Resources: Availability of financial resources and technological competencies and expertise level.
- Experience: Business maturity and Management experience.
- Control: Information and process control systems. Degree of professionalism and responsibilities of management.
- Innovation and Ideas: Ideas generation within the staff: number and quality of ideas. Assessment of new ideas. The creativity level of the ideas generated.
- Leadership: Participation of senior managers. Leaders’ personal objectives and ambition. Leaders’ vision, education level, and involvement in continuous training.