Measures of performance

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A level Business Studies Mindmap am Measures of performance, erstellt von Lily Fisher am 02/05/2018.
Lily Fisher
Mindmap von Lily Fisher, aktualisiert more than 1 year ago
Lily Fisher
Erstellt von Lily Fisher vor mehr als 6 Jahre
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Zusammenfassung der Ressource

Measures of performance
  1. KPI's...
    1. Non-financial...
      1. Qualitative ways of measuring the performance of a business (AO1)
        1. + How happy employees are (AO2)
        2. 3) ROCE (AO1)
          1. 2) Operating expenses margin (AO1)
            1. 1) Gross/Net profit margin (AO1)
            2. Financial...
              1. Quantitative ways of measuring the performance of a business (AO1)
                1. + Financial ratios (AO2)
                2. 2) Operating expenses margin (AO1)
                  1. 1) Gross/Net profit margin (AO1)
                    1. 3) ROCE (AO1)
                  2. A&Ds...
                    1. - Too much data = confusion (AO3)
                      1. - Forgot importance of feedback (AO3)
                        1. - Lead to a negative response (AO3)
                          1. + Make strategic changes (AO3)
                            1. + Pinpoint areas of weakness (AO3)
                              1. + Improve performances (AO3)
                              2. Disads of relying on financial...
                                1. - Internal focus (AO3)
                                  1. - Short-termism (AO3)
                                    1. - Miss valuable information (AO3)
                                    2. - BUSINESS NEEDS BOTH!! (AO4)
                                      1. - How happy customers are (AO4)
                                        1. - How much data they have (AO4)
                                          1. - Full control of the business (AO3)
                                            1. - Monitoring success (AO3)
                                              1. - The business becoming more efficient (AO3)
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