Impact Index: A New Tool for Improving Organization's Performance.

At the organizational level, achieving goals and objectives for profit maximization has been a common approach. We very often discuss issues like inefficiency in planning or lack of proper personnel management, which result in major setbacks for an organization. This paper seeks to find solutions to such issues. In this regard, the paper proposes a new concept called 'Impact Index'. It further, elaborates on the concept of impact index and discusses the factors that positively or negatively affect it. The paper puts forth this theory aimed at effective results, be it at an organizational level or individual level, with an effort to elaborate as to why organizations need to start implementing this theory and the vast benefits it gives. The paper also discusses how an organization can assign work and recruit new talent using the impact index. [ABSTRACT FROM AUTHOR]