Properly designed performance measures will help move the company toward meeting the goals of its strategic plan.
Properly designed performance measures will help move the company toward meeting the goals of its strategic plan.
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 24MC: A companys attempts to utilize sustainable business practices with regard to its employees, the...
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Every business should have a strategic plan (a broad vision) of how/where it will be in the future. This plan leads to goals that must be achieved to fulfill that vision. Once goals are determined, the business will decide on the appropriate actions necessary to meet the goals. Then, the business will implement, review, and adjust the goals as needed.
Properly designed performance measures will help move the company toward meeting the goals of its strategic plan.
True / False
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