Performance Measurement to Support Business Strategy
4 important questions on Performance Measurement to Support Business Strategy
Core resources and capabilities
Three types of companies that are succesful:
- Cost leader
- Product differentiators
- Focused competitors
Advantage financial performance measure:
- Motivating employees to improve the company's profit.
- Getting managers attention.
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
Disadvantage financial performance measure:
- Not useful in identifying the cause of operational problems.
- Commonly reported only on a monthly, quarterly or annual basis.
- Many people within the organization do not see their work translates into financial results.
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
Topics that are related to Performance Measurement to Support Business Strategy
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Performance Measurement to Support Business Strategy - Understand the reason why performance measures differ across levels of the organization
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Performance Measurement to Support Business Strategy - Identify examples of nonfinancial performance measures and discuss the potential for improved performance resulting from improved activity management
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Performance Measurement to Support Business Strategy - Explain why employee involvement is important for an effective performance measurement system