Most companies typically ignore the previous year's actual performance and concentrate on industry averages when evaluating performance.

Question

Quizplus · Accepted Answer

It is not common for companies to completely ignore the previous year's actual performance as it provides insight into their own progress and areas for improvement. Industry averages may be used as a benchmark for comparison, but actual performance is still taken into consideration.

Most Companies Typically Ignore the Previous Year's Actual Performance and Concentrate