On successful completion of this assignment, you will be able to: Identify and critically analyse principles and trends in performance measurement and control. Determine the different budgeting techniques and critically evaluate their use in short term decision making. Analyse the current approach to performance measurement and control in a selected global organisation and critically appraise suggestions for improvement of current practices. Critically appraise the application of performance criteria in not or profit and public sector organisations. Your Task Cat's Habitat is a cat rehoming shelter where stray cats can find new homes. This organization is a non-profit that has been in operation for five years. Cat's Habitat has seen an increase in the cost of food, toys, and other operating expenses over the last three years. As a result, the shelter has had to try to reduce the costs associated with its operations, which it has done by reducing the number of paid employees who work within each shelter. This has resulted in a reduction in the number of hours the shelter can be open each day. In addition to reducing the number of paid employees, the shelter has begun to charge individuals who wish to visit the shelter an admission fee. The shelter is able to cover some of its costs by charging an admission fee, such as food and toys for the cats. The shelter also charges an adoption fee for each pet that is adopted, and it sells cat food and accessories. The company's financial results for the last three years are shown below. Cat's Habitat operates in a country with an annual inflation rate of around 4%. Cat’s Habitat Financial Results 2020-2022 (in £)
On successful completion of this assignment, you will be able to:
- Identify and critically analyse principles and trends in performance measurement and control.
- Determine the different budgeting techniques and critically evaluate their use in short term decision making.
- Analyse the current approach to performance measurement and control in a selected global organisation and critically appraise suggestions for improvement of current practices.
- Critically appraise the application of performance criteria in not or profit and public sector organisations.
Your Task
Cat's Habitat is a cat rehoming shelter where stray cats can find new
homes. This organization is a non-profit that has been in operation for five
years. Cat's Habitat has seen an increase in the cost of food, toys, and
other operating expenses over the last three years. As a result, the shelter
has had to try to reduce the costs associated with its operations, which it
has done by reducing the number of paid employees who work within
each shelter. This has resulted in a reduction in the number of hours the
shelter can be open each day. In addition to reducing the number of paid
employees, the shelter has begun to charge individuals who wish to visit
the shelter an admission fee. The shelter is able to cover some of its costs
by charging an admission fee, such as food and toys for the cats. The
shelter also charges an adoption fee for each pet that is adopted, and it
sells cat food and accessories. The company's financial results for the last
three years are shown below. Cat's Habitat operates in a country with an
annual inflation rate of around 4%.
Cat’s Habitat Financial Results 2020-2022 (in £)
Required
Question
Cat's Habitat has hired you as a performance management consultant.
You have been asked to write a report on the business's performance for
Cat's Habitat's management. You should include the following in your
report:
c. An examination of the principles and trends in performance
measurement used by other non-profit organizations around the world.
Give examples of how these practices might improve performance at Cat's
Habitat. (LO1, LO3)
![Cat's Habitat Financial Results 2020-2022 (in £)
2020
2022
39,900.00
Revenue from adoptions 32,500.00
Revenue from admissions 3,500.00
Revenue from accessories/food, etc.
4,160.00
Total revenue
Non-staff costs
Wages
Management wages
Total costs
Charge for adoption
Admission charge
Visitors
Adoptions
Hrs open per week
5,000.00
5,500.00
41,000.00
48,370.00
10,000.00 12,000.00
15,000.00
12,000.00
10,000.00
35,000.00
65.00
1.40
2021
38,250.00
4,620.00
2,500.00
500.00
32.00
10,000.00
34,000.00
85.00
2.10
2,200.00
450.00
25.00
5,000.00
49,060.00
15,500.00
10,500.00
10,000.00
36,000.00
105.00
2.60
1,600.00
380.00
21.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F70ceca0a-a956-4cae-abaf-6aa9c86a88b8%2F072b65a9-7e54-4946-9cec-20c61f6c37ef%2Feq2drr_processed.png&w=3840&q=75)
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