1- If question ask to apply performance prism ( does not mention about performance measures) do we have to mention performance measures for each facet.
2- having difficulty in producing measures for Strategy and process. (How they will be different) Example would help
Thanks
Ask the Tutor ACCA APM
Performance Prism
Generally the performance prism will be asked in the context of a question where you have to apply it so I think that a couple of performance measures for each face would produce a more useful answer.
Strategy: could be cost leadership.
Process: could be high reliance on advanced automation and JIT
Resources: sophisticated IT to allow accurate forecasting of demand, scheduling of machinery use and ordering of parts.
Thanks .
for second part Measures could be
Strategy-Cost per unit
Process- No of errors after IT implementation vs Before implementation
Right ? /guide me
That would be fine.
Sign into reply to this topic.
