Delivering real insight will be dependant, to a large extent, on the ability to

Question

Delivering real insight will be dependant, to a large extent, on the ability to align strategy and risk appetite effectively with key metrics and targets, including the incorporation of those metrics into an integrated business planning and monitoring framework (Calamiti & Thompson, 2010). Appropriate metrics must then be determined by integrating the organizations strategic objectives with risk appetite. Allowing specific value drivers to be determined to be detrimental to the organization achieving success.

How could organizational performance measured metrics be cheated, and how can we guard against this?

Explanation / Answer

Performance measurement matrix is used by almost all the organizations to measure the results achieved against goals of the organization and industry standards to prepare short and long term strategies accordingly. Key factors of Performance measurement matrix are-

Performance matrix can be cheated in various ways stated below-

The employee and management can guard against cheating in Performance measurement matrix by flowing some of the ways stated following –

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