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Q. Neely's 4Cs in performance measurement
1. Check position e.g. where are we now?
2. Communicate position e.g. to internal and external stakeholders.
3. Confirm priorities e.g. focus on goals that are viewed as more important.
4. Compel progress e.g. enhance performance through motivation and reward.
Product and experience analysis: The product under research is Hotel Arpanaa, a holistic hotel located at Tiruvanamalai, India. It is a holitel that offers holistic experience
Q. Show the Advantages of reward systems? ¸ Motivation can be heightened e.g. performance enhanced if paid by results. ¸ can inspire creativity e.g. bonuses paid for staff
Three ways of sustaining competitive benefit are? Ans) differentiation, Price-based strategies and lock-in
Payback period = total cost of investment / estimated annual revenue
Limitations of economic value added (EVA) - Not well understood by users of accounts. - Divisions of different sizes cannot be relatively compared. Similarities of EV
i have to redo the assignment
Q. What do you mean by Controllable costs? Controllable costs Divisional variable (marginal) cost. Divisional 'specific' fixed cost e.g. Specifically incurred by
what have you learnt about business strategy?
Explain how Material Requirements Planning (MRP) might improve operations. Reduced stock holding MRP can simplify inventory control and levels of stock holding may be de
Q. Describe the Maximum transfer price? Normally the maximum transfer price a buyer would pay would be the market price it could obtain the raw material, component, service, pr
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