I’m working on a accounting writing question and need an explanation and answer to help me learn.
Provide Explanation to Performance Measures Based on the Rubric
3. Develop performance measures to track progress toward achieving strategic goals (1) Each goal has at least 1 lead and 1 lag measure (2) For each measure: Clearly explain, using research, why you think the measure is the most appropriate and realistic metric for the given goal. You may compare different alternative measures and point out the measure you choose is the best measure. Note that to say one measure is better than other measures, you need to have criteria to compare. So, the criteria can be, but not limited to: – Strong causal link between the movement in the measure with the movement in the phenomena you want to measure – Cost effective: easy and cheap to implement – Accuracy: data collected are accurate (3) Check if measures for different goals are relatively linked with each other（This is the requirement of performance measures). requirement of performance measures：Develop at least 1 lead and 1 lag measure for each goal. The performance measures are well linked to the business strategy map. There is excellent explanation and critical evaluation on the (1) suitability of these measures to achieve business goals, and (2) relationship among these measures, using extensive and relevant academic AND market search. , please point out tutors questions, need clearly and briefly explanation. need Explanation for performance measures. tutor said we did not mention “performance measures”,but we have it， I think u didn’t write it in the right way. I‘m not sure what the problem is, just point out that “performance measures” is excel. we don’t need to change the original writing，just point out tutor‘s question and an clearly and briefly explanation is okay.