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Measures of performance
Descrição
A level Business Studies Mapa Mental sobre Measures of performance, criado por Lily Fisher em 02-05-2018.
Sem etiquetas
business studies
a level
Mapa Mental por
Lily Fisher
, atualizado more than 1 year ago
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Criado por
Lily Fisher
mais de 6 anos atrás
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Resumo de Recurso
Measures of performance
KPI's...
Non-financial...
Qualitative ways of measuring the performance of a business (AO1)
+ How happy employees are (AO2)
3) ROCE (AO1)
2) Operating expenses margin (AO1)
1) Gross/Net profit margin (AO1)
Financial...
Quantitative ways of measuring the performance of a business (AO1)
+ Financial ratios (AO2)
2) Operating expenses margin (AO1)
1) Gross/Net profit margin (AO1)
3) ROCE (AO1)
A&Ds...
- Too much data = confusion (AO3)
- Forgot importance of feedback (AO3)
- Lead to a negative response (AO3)
+ Make strategic changes (AO3)
+ Pinpoint areas of weakness (AO3)
+ Improve performances (AO3)
Disads of relying on financial...
- Internal focus (AO3)
- Short-termism (AO3)
- Miss valuable information (AO3)
- BUSINESS NEEDS BOTH!! (AO4)
- How happy customers are (AO4)
- How much data they have (AO4)
- Full control of the business (AO3)
- Monitoring success (AO3)
- The business becoming more efficient (AO3)
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