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1. Monitor the performance of a team against given objectives2. Recommend how to better performance against given objectives.
Benefits of using balanced scorecard (BSC) - BSC encourages a long-term view of improving performance through time. - BSC considers both non-financial as well as financial m
what are the theories that can be applied at different levels of a business? i.e. Firm Level, Industry level and global level
how value chain is implemented in an organisation
Q. Divisional structures – product organisation? The functional structure is normally adopted by an entrepreneurial structure e.g. small business, because the organisation grow
Explain the internal environment by undertaking the internal auditing in the form of management, marketing, accounting, operations/production research and development an management
Q. What do you mean by Controllable costs? Controllable costs Divisional variable (marginal) cost. Divisional 'specific' fixed cost e.g. Specifically incurred by
Q. Show the Merits of using return on investment? Merits of using return on investment (ROI) - Relative (percentage) measure so performance can be compared 'relatively' f
what is the relationship between business strategy and operation strategy?
Division Y has annual operating profit of £40 million after charging £6 million for the development cost of a new product which has been launched and is expected to last this year
Product Mix - Satchmo & Satchmo Electronics developes two products that can be make on two different production lines. Both products have their lowest production costs when produc
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