What issues would a multinational company face in establishing global wide performance measurement standards?

What issues would a multinational company face in establishing global wide performance measurement standards?

Expert Solution

Answer:-

Developing standards that will help in the general performance evaluation of the multinational company is very challenging.

To guarantee that the MNC maintains exclusive requirements and consistency in the entirety of its auxiliaries a midway evolved basis ought to be utilized in performance evaluation. There are numerous issues that emerge when objective wide performance measurement standards are utilized.

The most basic factor is consistency in progressively emotional rules like integrity, collaboration and results direction. The assessment of abstract measure may contrast starting with one auxiliary then onto the next dependent on the social elements of the auxiliary area.

Likewise, the incorporated performance measurement standards face pressures for neighborhood responsiveness just as powerless weights for worldwide integration.

Also, since the models for rating performance contrasts across different auxiliaries because of geological and multi-social concerns, people with a similar activity title may get diverse pay. This is against to the principle of decency and value.

please like the answer.........

keosha answered 5 months ago

Identify some criteria that you think Szaky would use in establishing performance standards for TerraCycle. What...

Identify some criteria that you think Szaky would use in establishing performance standards for TerraCycle. What methods might be used to measure this performance? What elements of budgetary control does Szaky use to help his business develop and grow?

QUESTION 2: What challenges do multinational companies face in a global economy? What opportunities do multinational...

QUESTION 2: What challenges do multinational companies face in a global economy? What opportunities do multinational companies face in a global economy?

Control is a regulatory process of establishing standards to achieve organizational goals, comparing actual performance to...

Control is a regulatory process of establishing standards to achieve organizational goals, comparing actual performance to the standards, and taking corrective action when necessary to restore performance to those standards. Control is achieved when behavior and work procedures conform to standards and when company goals are accomplished. Standards are a basis of comparison for measuring the extent to which organizational performance is satisfactory or unsatisfactory. Standards can also be determined by benchmarking other companies. Benchmarking is the process of determining...

Under GASB standards, agency funds are excluded from the face of the government-wide financial statements. What...

Under GASB standards, agency funds are excluded from the face of the government-wide financial statements. What are agency funds? Do you believe they should be presented in the government-wide statements? Could they--or should they--be presented elsewhere?

Performance Measure Standards. Explain the different design considerations that should be evaluated when establishing measures and...

Performance Measure Standards. Explain the different design considerations that should be evaluated when establishing measures and standards.

Describe the KPMG performance measurement systems – Describe what’s happening today and issues

how would you design a performance appraisal system for a multinational company that has branch offices...

how would you design a performance appraisal system for a multinational company that has branch offices in different countries? What factors would you consider?

What are some ethical issues that an organization may face when entering the global market? Do...

What are some ethical issues that an organization may face when entering the global market? Do organizations have different brand messages for different ethnic groups and does an organization have ethical and social responsibilities when entering the global market? How do you determine the ethical standards in various countries? Provide examples of organizations that have effectively introduced products into foreign markets. Provide examples of organizations that have had other unsuccessful product introductions in foreign markets. What factors contributed to this...

what are an accountants global issues?

What are some issues and trends in global sociocultural issues? Why must a company be sensitive...

What are some issues and trends in global sociocultural issues? Why must a company be sensitive to the sociocultural environment within the host country? What affect does sociocultural sensitivity have on a company's operations or sales within a host country?

Question