Question

In: Accounting

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.

Solutions

Expert Solution

1. It matches the individual performance with standard performance. Standard performance differs from Individual Performance.

Performance measurement means to collect information and analyze and report individual performance, and group performance.
  
Employee performance depends on their individual performance. For example. Salary incentives etc


2.Teams performance entirely different from individual performance. There is some specific objective for the Team. It may be a short-term objective or Long-term objective. There is some specific standard for each and every objective.

Considerations that should be evaluated when establishing measures and standards.

There are some observable actions and behavior should be done when considering measures and standards.

It shows the worker what a good performance looks like.

This kind of attitude and behavior decides if the performance is effective or not.


Related Solutions

Performance measures and standards. Explain the differences between individual versus group performance and the measures that...
Performance measures and standards. Explain the differences between individual versus group performance and the measures that apply to each.
Performance Measure Standards. How can we use raters to measure overall performance and how do we...
Performance Measure Standards. How can we use raters to measure overall performance and how do we establish the ratings typically.
Performance measures can be used to evaluate healthcare performance. Define the four(structure measure, process measure, outcome...
Performance measures can be used to evaluate healthcare performance. Define the four(structure measure, process measure, outcome measure, patient experience measure) categories of measures and give a hospital example of each concept. Required one page answer.Please provide correct answer
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...
A. Explain why GDP is an effective measure of living standards. B. Discuss how quality-of-life measures...
A. Explain why GDP is an effective measure of living standards. B. Discuss how quality-of-life measures may be determined and measured. C. Explain why aspects of our quality of life in the United States may be difficult to compare with other countries around the world.
When the performance of a manger is evaluated the type of responsibility center is a factor...
When the performance of a manger is evaluated the type of responsibility center is a factor (cost, profit or investment center). In an effort to ensure a favorable performance evaluation, a manager may behave in a way that is inconsistent with the organization's goals. What can an organization do to help ensure goal congruence, i.e. that a manager is motivated to do what is best for the organization, not just what's best for themselves
Under what circumstances should a firm apply strong incentives to a performance measure and when would...
Under what circumstances should a firm apply strong incentives to a performance measure and when would it make sense to apply a weak or no incentive to a performance measure? Please give an example of each.
TOPIC: Decentralization and modern performance management systems in accounting Compare different Performance measures. Which measures encourage...
TOPIC: Decentralization and modern performance management systems in accounting Compare different Performance measures. Which measures encourage managers to work harder?
Executive Compensation Performance Measures and Standards Pick a type of compensation we discussed in lessonone for...
Executive Compensation Performance Measures and Standards Pick a type of compensation we discussed in lessonone for use in established some performance measures. This can be something for the tex or your own company. Define the compensation item to be measured.
Churl Clothing has three divisions. It measures performance in these divisions primarily by using a measure...
Churl Clothing has three divisions. It measures performance in these divisions primarily by using a measure of return on investment (ROI). ROI is used to evaluate the division managers and to allocate resources in the budgeting process. What are the likely results of such a practice? Do you recommend it? Why or why not? Churl Clothing has three divisions. It measures performance in these divisions primarily by using a measure of return on investment (ROI). ROI is used to evaluate...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT