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Finance & Accounting
Pages 6 (1506 words)
BSkyB & ESPN Table of Contents 1 Table of Contents 2 Question 1 3 The Need for a Performance Measurement System in an Organisation 3 The Balanced Scorecard 4 Suggested Balanced Scorecard Measures for BSkyB and ESPN 4 Question 2 6 Two Other Different Strategic Management Accounting Techniques 6 Comparison and Contrast of the Problems Faced 9 References 10 Question 1 The Need for a Performance Measurement System in an Organisation Ever since the commencement of an organisation, it is significant and necessary to comprehend the requirement of gauging the performance of an organisation.
The vital objective behind employing an effective system of performance measurement could be stated to enhance the performance and the productivity of a particular organisation. The application of such a system would aid the organisation to serve its respective employees, stakeholders, customers and owners in an increasingly better manner (Johnson, 2006). The implementation of an accurate system of performance measurement would help to bring out the information which would evidently indicate the health along with the future and the present position of a business. The system of measuring the performance of an organisation would provide with necessary and vital information regarding the ways of enhancing the prospects and minimising the challenges posed to an organisation. An appropriate system of performance measurement facilitates an organisation to plan, gauge and manage its overall business performance in accordance with an already set strategy. ...
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