attempt to achieve synergy among functions and business units? Synergy exits for a divisional corporation if the return on investment is greater than what if the return would be if each division were an independent business. 2. How should an owner-manager prepare a company for its movement from Stage I to Stage II? 3. How can a corporation keep from sliding into the Decline stage of the organizational life cycle? 4. Is reengineering just another fad‚ or does it offers something of lasting value
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Q a) Explain the 5 performance objectives. Discuss these with the help of a real life example of a process involving products & services‚ and analyze how the process can be improved upon? b) Illustrate your chosen process with the help of a transformation model. Answer a) "Many methodologies and techniques for improving operational performance have been developed over the years these provide structured ways of improving company performance‚ but they do not explicitly tell us where to start. To
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QUESTION 1 Using the specific operations performance objectives explain why do you thing TMC is a world-class company? A company should be concerned to satisfy its customers’ requirements for fast and dependable services at reasonable price‚ as well as helping its own suppliers to improve services they offer. There are five basic performance objectives and they apply to all types of operation: • Quality • Speed • Dependability • Flexibility • Cost (Slack‚ N. et
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16 Ways to Measure Employee Performance Performance appraisal is a continuous process by which an employees understanding of a company’s goals and his or her progress toward contributing to them are measured. Performance measurement uses the following indicators of performance‚ as well as assessments of those indicators 1. Quantity: The number of units produced‚ processed or sold is a good objective indicator of performance. Be careful of placing too much emphasis on quantity‚ lest quality
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Objectives of Performance Appraisal System: 1. To create and maintain a satisfactory level of performance. 2. To contribute to the employee growth and development through training‚ self and management development programmes. Tata Power aims at employee development through performance appraisal. 3. To help the superiors to have a proper understanding about their subordinates 4. to guide the job changes with the help to continuous ranking 5. To facilitate fair and equitable compensation
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Imagine that you are appointed as the manager of a reputed company. How will you plan the various activities in your organization? ------------------- Answer # 1 Planning is a process which involves the determination of future course of action‚ that is why an action‚ what an action‚ how to take action and when to take action. Terry has defined planning in terms of future course of action. He says that: "Planning is the selection and relating of facts and making and using of assumptions
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Q: Identify the alternative performance (operating) measures presented in the statement of comprehensive income and document your conclusion with regard to the appropriateness of the various performance measures. IAS 1 paragraph 82 states that the statement of comprehensive income shall include specific line items for the period. Paragraph 85 states that an entity shall present additional line items‚ heading and subtotals in the statement of comprehensive income… Paragraph 88 states that an entity
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Today’s world of business as well as status of economy calls for Managers who can drive organizations to success not only in good times but also in tough times like this. Expectations from stake holders are always huge and at the same time‚ maintaining a highly motivated staff to achieve these goals is the challenge as a Manager I will have to face. The first and foremost point I will look at is the target for the Company for that particular fiscal year. I will then look at the time left out to
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Common And Unique Performance Measures" I. Introduction The article I decided to critique for the purpose on management accounting 2 is by Marlys Lipe and Steven Salterio. There article entitled The Balanced Scorecard: Judgmental Effects of Common and Unique Performance Measures ’ came from the July 2000 edition of the Accounting Review journal. The Balance Scorecard (BSC) was originated by Robert Kaplan and David Norton in the early 1990 ’s as a strategic approach‚ and performance management system
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Seven Steps to Measure Supplier Performance Introduction: The aim of the supplier assessment tool is to estimate the total quality environment of the supplier. Measuring supplier performance is an important purchasing tool. Organizations have attempted to measure supplier performance in a number of ways as a part of their quality management program‚ based on customer requests‚ or as part of the effort to manage supply chain risk. Companies who evaluate their suppliers find that they have better
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