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Explain the importance of performance management

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Reference no: EM133173264

Questions -

Q1. Explain the importance of performance management and the role of a performance measurement system in value creation, sustainability performance, and strategic implementation. Cite a scenario to prove your answer.

Q2. Explain how can a properly designed balanced scorecard aid an organization to monitor and implement strategy.

Q3. Identify ideal performance measures in each perspective of a Balanced Scorecard for a Hotel and Restaurant business.

Q4. What are the potential behavioral effects resulting from performance evaluation and reward systems. Elaborate.

Reference no: EM133173264

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