Studies in Managerial and Financial Accounting Vol 17 by Ahmed B Abdel Maksoud and Magdy pdf

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Studies in Managerial and Financial Accounting Vol 17 by Ahmed B Abdel Maksoud and Magdy G Abdel Kadel pdf

Studies in Managerial and Financial Accounting Vol 17 by Ahmed B Abdel Maksoud and Magdy G Abdel Kadel pdf free download. Performance measurement is a key part of any organisational infrastructure and an integral part of all management processes. Commentators advocate
that performance needs to be assessed to determine the adequacy of the strategies for achieving organisations’ objectives, to revise and communicate strategies, and to develop tactical objectives.

Studies in Managerial and Financial Accounting Vol 17 by Ahmed B Abdel Maksoud and Magdy G Abdel Kadel pdf

It is argued that performance measurement process should begin with strategy establishment and determining how strategic objectives can be related to the products and services that customer’s need. Organisations’ strategies and objectives will be achieved through all management levels in the organisation – from the top management level down to the shop-floor level. Everyone in the organisation should understand the organisation’s strategy, be motivated to contribute to its achievement, align his/her day-to-day activities to accomplish strategic objectives, and find new and innovative opportunities to contribute to achieve the organisation’s objectives.

Studies in Managerial and Financial Accounting Vol 17 by Ahmed B Abdel Maksoud and Magdy G Abdel Kadel pdf

Performance evaluation could be based on financial and/or non-financial measures, and previous literature shows that performance evaluation of each level of management is different. It is argued that senior managers are well trained and adapted with financial measures and that the use of financial measures at middle and top management levels is normally linked to compensation. Contrarily, shop-floor staff – who perform the day-to-day activities – are preferred to be evaluated using non-financial performance measures.

Studies in Managerial and Financial Accounting Vol 17 by Ahmed B Abdel Maksoud and Magdy G Abdel Kadel pdf

Leading manufacturers worldwide have been found to focus on certain broad categories of performance measures. These categories formed the framework that guided this book and, given the importance of the role played by shop-floor staff, operational performance is central to this book. Thus, the focus of this book is confined only to the shop-floor non-financial performance measures (SFNFPMs) in each of the following five evaluation categories: product quality, customer satisfaction, on-time delivery, employee morale, and efficiency and utilisation.

Studies in Managerial and Financial Accounting Vol 17 by Ahmed B Abdel Maksoud and Magdy G Abdel Kadel pdf

Studies in Managerial and Financial Accounting Vol 17 by Ahmed B Abdel Maksoud and Magdy G Abdel Kadel pdf

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