Performance Score Calculation Quiz
18 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What score would result from achieving a revenue of 80 Cr in the example provided?

  • 85
  • 70
  • 75
  • 80 (correct)
  • If a revenue of 40 Cr is achieved, what would be the resulting score?

  • 50
  • 55
  • 30
  • 0 (correct)
  • What is the score associated with achieving a revenue of 65 Cr?

  • 75
  • 65
  • 60
  • 70 (correct)
  • In the provided context, what would be the score for reaching a revenue of 90 Cr?

    <p>100</p> Signup and view all the answers

    How is the total score against a KPI calculated?

    <p>By multiplying weightage with performance score</p> Signup and view all the answers

    What would be the final score for all parameters if each has a weightage of 10% and performance scores of 80, 90, and 70 respectively?

    <p>$24$</p> Signup and view all the answers

    What is a key characteristic of effective performance indicators?

    <p>Oriented towards driving desired behaviour</p> Signup and view all the answers

    Why is it important for an officer to identify the link between their performance parameters and the company's scorecard?

    <p>To ensure alignment with strategic objectives</p> Signup and view all the answers

    What should be possible in relation to performance indicators?

    <p>Setting targets against them</p> Signup and view all the answers

    Why is course correction considered an integral part of GPMS implementation?

    <p>To ensure targets can be adjusted if needed</p> Signup and view all the answers

    What score would achieving the target against each parameter of the scorecard result in?

    <p>'100'</p> Signup and view all the answers

    Why is it crucial for information technology use in the company to aim for accurate reports on key performance parameters?

    <p>To ensure informed decision-making based on accurate data</p> Signup and view all the answers

    Who evaluates the overall performance of groups at the corporate office?

    <p>CMD</p> Signup and view all the answers

    How is customer satisfaction primarily assessed in the GPMS scorecards?

    <p>Through a customer survey by an external agency</p> Signup and view all the answers

    What parameters are used to evaluate customer satisfaction in the GPMS scorecards?

    <p>Brand and advertising, product innovation, customer responsiveness, quality of service</p> Signup and view all the answers

    Who is responsible for evaluating the performance of SSAs in the GPMS scorecards?

    <p>Circle Heads</p> Signup and view all the answers

    In which cases would the evaluation of circles be done by internal customers / stakeholders?

    <p>For circles without external customers</p> Signup and view all the answers

    How are groups' achievements reported in the GPMS system?

    <p>By the person to whom the group reports</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Browser