Global Standardization of Operations

question 55

Multiple Choice

Global standardization of operations

• A) eliminates the task of maintenance and production control.
• B) allows home office personnel to quickly spot deviations from the norm.
• C) enables reasonably accurate forecasts of time required to obtain permits and erect plants.
• D) enables subsidiaries to respond effectively to demands of host country governments.

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Definitions:

Performance Measurement System

A set of metrics used to evaluate and analyze an organization's effectiveness, efficiency, and performance in achieving its objectives.

Strategic Performance Measurement System

A strategic performance measurement system is a framework that organizations use to systematically track, monitor, and evaluate their performance against strategic goals and objectives.

Scorecard Cascading

The process of translating corporate goals and strategies down through various levels of the organization to ensure alignment and focus.

Measure Map

A tool or process used for defining and tracking the key performance indicators (KPIs) or metrics that are critical to the evaluation of success within an organization or process.