Assignment 1: Discussion—Key
Performance Measures and the Business Culture
Business culture is the
context in which the measures exist. They are bound to each other in terms of
context and environment. Understanding business metrics as key performance measures
is an important part of business strategy and management. In this assignment,
you will look at financial performance measures.
Financial performance measures
are vitally important to assessing corporate performance. However, financial
measures are primarily backward looking in that they measure the results of
past actions, and do not always give a reliable indication of future direction.
Using the module readings,
Argosy University online library resources, and the Internet, respond to the
following for your own organization:
·
Give three examples of key
performance measures that are forward looking and more predictive.
·
What aspect of the value chain
are they measuring?
·
How do these measures tie to
specific strategies in your business unit?
·
Does the business’ culture
enable or block its business strategy and/or does it have an effect on
financial performance in the value chain? Provide a rationale in support of
your answer.
·
What are cultural norms that
govern the organization, and what types of behaviors does the culture promote
or punish?
Write your initial response in
approximately 300 words. Apply APA standards to citation of sources.
