Managerial and Divisional Performance

Home Forums Ask ACCA Tutor Forums Ask the Tutor ACCA P5 Exams Managerial and Divisional Performance

This topic contains 4 replies, has 2 voices, and was last updated by avatar taiwodarams83 2 years, 5 months ago. This post has been viewed 46 times

Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts

  • avatar
    taiwodarams83
    Participant
    • Topics: 6
    • Replies: 7

    Good afternnon Sir,

    Here is my question:

    Considering the fact that the measure of performance of managers within divisions should be on a “level playing field” (i.e,segregate what they control from what they don’t)

    Does “level playing field” ever exist?

    Thank you


    Avatar of gromit
    gromit
    Keymaster
    • Topics: 1
    • Replies: 1871

    Very rarely, if ever. I think that people need always to be aware that raw numbers are likely to contain simplifications and to be misleading if taken simply at face value. Allowance therefore needs to be made when interpreting the numbers to adjust for other factors.

    HTH


    avatar
    taiwodarams83
    Participant
    • Topics: 6
    • Replies: 7

    Thank you very much . Indeed, allowance needs to be made.

    The inequality, interdependnce and controllabilty issues that exist in the business environment explains that there can’t be a perfect measure of performance. Hence, the concepts of P5 as course is baseless


    Avatar of gromit
    gromit
    Keymaster
    • Topics: 1
    • Replies: 1871

    No, the concepts are not baseless, they are our best attempts and we need to be aware of their limitations.

    There are analogies in science where assumptions such as no friction are made. That simplification allows theories to be derived which are very useful. Complications arising from the real world can then be allowed for later.


    avatar
    taiwodarams83
    Participant
    • Topics: 6
    • Replies: 7

    This is really educative! Got me engaged.

    Once again, thanks.

Viewing 5 posts - 1 through 5 (of 5 total)

You must be logged in to reply to this topic.