Question:
What performance measures do we use to evaluate long-term economic performance?
Author: Hjalmer PedersenAnswer:
Features of good performance measures: - Goal congruence with organization objectives: Managers working in their own best interest take actions to accomplish the overall goals of the organization. - Comparisons across different subunits possible. Performance measurement in the long term: - Take level of investment into account. Resources/assets used to generate profits.
0 / 5 Â (0 ratings)
1 answer(s) in total