Performance measurement and control
Taught by Ben Wilson · AI tutor support included
In this lesson, you'll learn why performance measurement matters and how companies use both financial and non-financial metrics to drive results.
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In this lesson
- 0:00 Why measure performance matters
- 0:21 Four key reasons for measuring performance
- 2:38 Financial versus non-financial measures
- 4:22 Exam question: DeWeese Co performance goals
- 5:23 Checking progress and communicating position
- 6:09 Compelling progress through target awareness
About this lesson
You'll explore the four key reasons to measure performance—checking progress, communicating position, confirming priorities, and compelling progress—and understand how each supports business success. The video also walks you through a practical exam question, showing you how to identify which performance measurement goals are actually being achieved in a real scenario. This is essential knowledge for Performance Management papers, where you need to evaluate whether measurement systems are working effectively.
Duration: 6m
Transcript
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