According to the textbook,the initial step in creating an effective performance measurement system is:
A)Develop the process
B)Contact supply chain partners
C)Identify the firm's strategic objectives
D)Reduce firm debt to zero

Question

According to the textbook,the initial step in creating an effective performance measurement system is:
A)​Develop the process
B)Contact supply chain partners​
C)Identify the firm's strategic objectives​
D)Reduce firm debt to zero​

Quizplus · Accepted Answer

Identifying the firm's strategic objectives is the initial step in creating an effective performance measurement system. This will help in aligning the performance metrics with the organization's overall goals and objectives. Developing the process and contacting supply chain partners come later in the process. Reducing firm debt to zero is not directly related to creating a performance measurement system.

According to the Textbook,the Initial Step in Creating an Effective