Asked by
Shahana Ahmad
on Nov 17, 2024Verified
Which of the following statements about performance targets is true?
A) Performance targets are the same thing as performance metrics.
B) Performance targets are the same thing as strategic initiatives.
C) Performance targets are levels of improvement that management wants to achieve for performance metrics.
D) Performance targets have nothing to do with performance metrics.
Performance Targets
Specific goals set by a company or individual to measure progress and achievement over a period.
Performance Metrics
Quantitative measures used to gauge an organization's performance in various areas, enabling managers to assess productivity, efficiency, and effectiveness in meeting objectives.
Strategic Initiatives
Planned actions designed to achieve long-term goals that significantly impact an organization's direction and success.
- Determine the significance and formulation of performance benchmarks and aims within the framework of corporate planning.
Verified Answer
BW
Learning Objectives
- Determine the significance and formulation of performance benchmarks and aims within the framework of corporate planning.