Measuring and Evaluating Performance Is Important to Managers

question 87

Essay

Measuring and evaluating performance is important to managers.They need to explore how individual and performance measures and other measures can be combined to create a better tool for measuring past performance and driving the future achievement of strategic goals.
Required:
Define the following terms and give one example of each that you can use in this class.
a.Lagging indicator
b.Leading indicator
c.Nonfinancial measure
d.Benchmarking
e.Best practices
Unit 11-1,3,

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Definitions:

Epidemiological Transition

Refers to the shift from a society characterized by infectious and parasitic disease and low life expectancy to a society where chronic and degenerative diseases dominate and life expectancy is high.

Parasitic Diseases

Illnesses caused by parasites, organisms that live on or in a host organism and benefit at the host's expense.

Degenerative Diseases

Conditions that involve the gradual deterioration of body functions, often associated with aging.

American Medical Association

A professional association and lobbying group for physicians and medical students in the United States that promotes the art and science of medicine for the betterment of public health.