Problem:
It is now time to apply concepts, techniques, and the understanding of financial information to internal performance evaluation. The task for the final Case is to design an internal performance evaluation system. Refer to background material throughout the course and feel free to do additional research as needed.
Required:
Write a memo to the CEO outlining the performance criteria, the reasons for selecting the included criteria, and both advantages and disadvantages of stated criteria and the system as a whole.
Additional guidance:
State the industry or type of company for which you are designing the system.
Financial information must be part of the evaluation, but does not have to be the only criteria.
What is the main purpose of the evaluation system?
How will the performance evaluation system benefit the organization?
How will the performance evaluation system benefit managers being evaluated?
Does the organization have the needed data in place, or would the proposed system involve creating new classifications and/or reports?