Performance measurement is important because
A) it allows firms to rate competitors.
B) without it, managers would not know how the global economy is doing.
C) companies presently operating in the European Economic Community need to understand how its competitors are doing.
D) lower-level metrics in an organization must connect directly to the high-level performance to achieve goals.

Question

Quizplus · Accepted Answer

Performance measurement is important because it helps to ensure that the lower-level metrics in an organization are aligned with the high-level goals and objectives. Without this alignment, it is difficult for a firm to achieve its overall strategy and mission. Rating competitors and understanding the global economy may be important for some firms, but they are not the primary reasons for performance measurement.

Performance Measurement Is Important Because