The best measures that should be captured and reported to managers relate to corporate strategy and are SMART: specific,measurable,actionable,relevant,and timely.Below are examples of poorly constructed performance measures for each of these.For each component of SMART,provide two better measures than the poorly constructed measures provided.
Definitions:
Punitive Damages
Monetary compensation awarded to an aggrieved party that exceeds simple compensation and is intended to punish the wrongdoer.
Anticipatory Breach
Anticipatory breach occurs when one party to a contract indicates, either verbally or through actions, that they will not fulfill their contractual obligations, leading to an early breach of contract.
Contractual Obligations
Duties that parties are legally bound to perform as per the terms of a contract.
Injunction
A judicial directive mandating that a person or organization either perform or halt a particular act.
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