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Performace Control is a relative term. It depends on the department or which section of the organisation we are talking about. For example, an HR dept will focus on Quality of Employee Output throughout the organisation. For them the Efficiency of each Employee is imporatant.
But if u see, to have a Quality Employee, either good qualifications or excellent experience record is a must. And such people will demand a higher pay package.
If the HR Dept, goes about hiring the best of the best employees, with higher and higher remunration, the COST TO COMPANY (CTC) will shoot up. Hence a Financial Control over the HR expenses, will keep a check on their expenditure aspect.
For every other department in an organisation, Resources are money driven. When Inputs are controlled by Financials how can the Output (performANCE) be non financial in nature?
If there is any other parameter which can replace Financial Control, in my view, it can be QUALITY. But again only big and financially strong companies can afford to look at "Quality Only" aspect, ignoring the financial side of it.
What else can I help you with?
What is The single most important measure of the economy's overall economic performance?
Gross Domestic Product (GDP)
How much did Louis Vuitton make in the last month?
I don't have access to real-time financial data or specific monthly earnings for companies like Louis Vuitton. For the most accurate and up-to-date information regarding their financial performance, it's best to consult their latest financial reports or trusted financial news sources.
How much is exxonmobil worth?
As of October 2023, ExxonMobil's market capitalization fluctuates around $400 billion, but this figure can vary based on stock market conditions. For the most accurate and current valuation, it's best to check a financial news source or stock market platform. Market capitalization is influenced by factors such as oil prices, company performance, and overall economic conditions.
How much money does urban outfitters have?
As of my last update, Urban Outfitters, Inc. had a market capitalization in the range of approximately $2 billion. However, for the most accurate and up-to-date financial information, including cash reserves and overall financial health, I recommend checking the latest financial statements or market analyses, as these figures can fluctuate frequently due to market conditions.
What is the GDP of easy jet?
EasyJet is a publicly traded airline, and as such, it does not have a Gross Domestic Product (GDP) since GDP measures the economic output of a country, not a company. However, EasyJet's financial performance can be assessed through its revenue, which varies annually. For the most accurate and current financial data, including revenue figures, it's best to consult EasyJet's latest financial reports or investor relations information.
Why do most control of overall performance tend to be financial?
Financials are used because they are measurable. Other business objectives aren't measurable and are open to interpretation. Financials mean the same from one business to the next.
Can you provide an overview of the company's performance in the most recent quarterly financial review?
In the most recent quarterly financial review, the company showed strong performance with increased revenue and profits compared to the previous quarter. Operating expenses were well-managed, and the company's overall financial health appeared to be stable.
Why do most controls overall performance tend to be financial?
Financials are used because they are measurable. Other business objectives aren't measurable and are open to interpretation. Financials mean the same from one business to the next.
Which laptops are the best?
Most Dell computers are ranked highest in overall performance,quality.
Why do most companies adhere to GAAP for their basic internal financial statements?
Accural accounting provides a uniform method to measure an organization's financial performance.
What classification of accounting is most concerned with the use of economic and financial information to plan and control many of the activities of the entity?
financial accounting
When is the award given out for the Top WikiGuide in Community Outreach?
There are two WAmmy Awards for WikiGuides each year: Most Outstanding Performance by New WikiGuide and Most Outstanding Performance Overall.
Factors affecting financial performance?
There are many factors are affecting our financial performance. One of the most important factor is global political issue. Global political issue effect our financial activities such as banking, business, corporate business, multinational business etc. Even it is also effecting our employment.
What is The single most important measure of the economy's overall economic performance?
Gross Domestic Product (GDP)
What is most common type of attest engagement?
A financial statement audit is, by far, the most common type of attest engagement. The overall assertion, made by management, most frequently is that the financial statements follow generally accepted accounting principles.
What landmark mean or median is the better indicator for an overall performance of grades?
This depends on your data. Most likely the median though.
What time period is covered by the financial term 1 year performance?
Whenever "1 year performance" is presented (most used by investment firms), the phrase may pertain to one of the following: * Last full year of performance (the last full fiscal year) * Most recent 12 months of performance (the rolling year)
