Question: Measuring and evaluating performance is important to managers. They need to explore how individual and performance measures and other measures can be combined to create a better tool for measuring past performance and driving the future achievement of strategic goals.
The different methods of performance measures include:
- Lagging indicators
- Leading indicators
- Non-financial measures
- Bench-marking
- Best practices.
If you had a choice, pick one of these 5 measures, explain why you would use it over the others, and how you would implement it.