Podcast
Questions and Answers
What is a key characteristic of performance indicators in the context of the text?
What is a key characteristic of performance indicators in the context of the text?
- Unrelated to the company's scorecard
- Subjective and open to interpretation
- Difficult to benchmark
- Oriented towards driving desired behavior (correct)
Why is it important for an officer to link their performance parameters to the company's scorecard?
Why is it important for an officer to link their performance parameters to the company's scorecard?
- To avoid setting targets
- To create confusion about strategic objectives
- To complicate the reporting process
- To understand the impact on achieving strategic objectives (correct)
In the GPMS implementation, can targets be changed after a quarterly review?
In the GPMS implementation, can targets be changed after a quarterly review?
- Targets can only be changed annually
- Yes, frequently changing targets is encouraged (correct)
- No, targets are set in stone once fixed
- Targets should never be changed
What score would an individual achieve if they meet the target set against a parameter in the GPMS scorecard?
What score would an individual achieve if they meet the target set against a parameter in the GPMS scorecard?
What is one of the reasons fair, good, and excellent marking is used against targets?
What is one of the reasons fair, good, and excellent marking is used against targets?
Why should information technology be used in the company according to the text?
Why should information technology be used in the company according to the text?
What is the main purpose of a Performance Management System (PMS) from an organizational perspective?
What is the main purpose of a Performance Management System (PMS) from an organizational perspective?
Which of the following best describes the responsibility of implementing corporate strategies in an organization?
Which of the following best describes the responsibility of implementing corporate strategies in an organization?
Why is a Performance Management System (PMS) considered a management tool rather than solely an HR tool?
Why is a Performance Management System (PMS) considered a management tool rather than solely an HR tool?
What is the purpose of Group Performance Management System (GPMS) in organizations?
What is the purpose of Group Performance Management System (GPMS) in organizations?
Why is it essential to have an appropriate system to measure the performance of organizational units/departments?
Why is it essential to have an appropriate system to measure the performance of organizational units/departments?
How are corporate strategies typically implemented within organizations?
How are corporate strategies typically implemented within organizations?
What score would be achieved for a revenue of 70 Cr based on the performance levels provided in the text?
What score would be achieved for a revenue of 70 Cr based on the performance levels provided in the text?
Below how much revenue would the score for the performance KPI be 0?
Below how much revenue would the score for the performance KPI be 0?
What revenue would result in a score of 100 for the performance KPI?
What revenue would result in a score of 100 for the performance KPI?
How is the total score against a KPI calculated in the GPMS system?
How is the total score against a KPI calculated in the GPMS system?
What is emphasized in an IPMS system according to the text?
What is emphasized in an IPMS system according to the text?
Which aspect makes a PMS powerful according to the text?
Which aspect makes a PMS powerful according to the text?
Flashcards are hidden until you start studying
