Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTION 2 (25 MARKS) A. Most companies' operational ad management control system are built measure and targets, which bear little relation to the company's progress
QUESTION 2 (25 MARKS) A. "Most companies' operational ad management control system are built measure and targets, which bear little relation to the company's progress term strategic objectives. Thus the emphasis most companies place on Si measures leaves a gap between the development of a strategy and it: Managers using the balanced scorecard do not have to rely on short-term as the sole indicators of the company's performance\". (Kaplan & Norton, Harvard Business Review, 1996) Required : a) Describe how the balanced scorecard can help an organization to acl objectives. b) Compare and contrast balanced scorecard with traditional performar system. B. It is critical to tie awards to a framework for measuring organisational success. Reward systems can be an emotional method for improving motivation and individual performance; they may also have an indirect impact on organisational performance. To inspire employees, many organisations utilise both intrinsic and extrinsic rewards. Required : 3) Discuss whether goal congruence can be increased if rewards are tied to performance. (2 marks) b) Suggest THREE (3) ways on how to design a performance measurement system that can tie reward system and performance measurement system effectively. (6 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started