0
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)
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.
Can most people be motivated by money?
Yes, most people can be motivated by money to some extent, as it serves as a primary means to meet basic needs and achieve lifestyle goals. Financial incentives can drive performance and productivity in many contexts, such as the workplace. However, individual motivations can vary significantly; factors like job satisfaction, personal values, and intrinsic motivation often play a crucial role in overall motivation beyond just monetary rewards. Ultimately, while money can be a powerful motivator, it is not the sole factor for everyone.
How can financial liberalizations lead to financial crisis?
A financial liberalization generally start out with an accelerated financial growth, but in most cases always leads to a less stable financial systems with frequent booms and busts from risky practices in the long term.
What are the differences between m0, m1, and m2 processors in terms of performance and features?
The main differences between m0, m1, and m2 processors lie in their performance and features. The m0 processor is typically the least powerful and has fewer features compared to the m1 and m2 processors. The m1 processor offers better performance and more advanced features than the m0, while the m2 processor is the most powerful and feature-rich of the three. Overall, as you move from m0 to m2 processors, you can expect an increase in performance and capabilities.
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.
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.
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
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)
