Ch19 Performance Measurement, Balanced Scorecards, and Performance Rewards.ppt

Ch19 Performance Measurement, Balanced Scorecards, and Performance Rewards.ppt

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Chapter 19 Performance Measurement, Balanced Scorecards, and Performance Rewards Cost Accounting Foundations and Evolutions Kinney, Prather, Raiborn
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Learning Objectives (1 of 3) Explain the importance of the mission statement Describe the role of performance measures in organizations Identify the guidelines that apply to the design of performance measures Calculate and use common short-term financial performance measures
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Learning Objectives (2 of 3) Explain why management should focus on long- run performance Describe factors to consider when selecting nonfinancial performance measures Clarify why it is necessary to use multiple performance measures Explain how a balanced scorecard is used to measure performance
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Learning Objectives (3 of 3) Describe the difficulties in measuring the performance of multinational firms Define compensation strategy and explain the factors to be considered in designing the compensation plan
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Mission Statement Expresses the organization’s purposes Identifies how the organization will meets its customers’ needs through products or services Communicates organizational purpose and intentions to employees Provides a basis for setting organizational strategy
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Values Statements Reflects the organization’s culture Identifies fundamental beliefs about what is important to the organization
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Use Performance Measures to
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