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Discussion instructions the classmates are writing about:
From the lecture, you learned about creating a competitive advantage along with identifying some popular tools for measuring an organization’s performance. Some of the performance tools discussed were economic value creation, balance score card, financial and market measures, and general quantitative analysis.
In your initial post, share with the class your strategic audit company’s performance management tools and benchmarks and then answer the following prompts:
Describe the specific measurement tools or programs your selected company uses to measure performance.
Outline and define any metrics and benchmarks and if they are effective. Explain your rationale for why or why not the metric and benchmarks are effective or ineffective.
YOUR ASSIGNMENT DIRECTIONS:
When replying to classmates’ posts, evaluate the post and think from the standpoint of an auditor going to make a recommendation(s) to the organization for improvement or efficiencies. Consider addressing the following prompt:
Recommend one change or new measurement tool the company should use and justify your reasoning.
Post 1: Christy
Apple uses five performance indicators as part of a holistic approach to its long-term performance plan. This includes customer satisfaction, core competencies, employee commitment and alignment (through a comprehensive employee survey), market share and shareholder value. This performance management works by looking at a combination of the device temperature, battery state of charge, and battery impedance. Only if these variables require it, iOS will dynamically manage the maximum performance of some system components, such as the CPU and GPU, in order to prevent unexpected shutdowns.
A metric is an intentional action that takes up a certain length of time and transmits vital information about a method or activity, resulting in fact-based decisions. Metrics are occasionally tailored by the issue area. They’re commonly referred to as key performance i

ndicators in the business world (KPI). Performance measures should be developed to promote performance improvement, efficacy, potency, and acceptable internal control levels. They should include “best practices” related to the performance that is being measured.
Apple Inc. Metric uses five performance indicators:
customer satisfaction;
core competencies;
employee commitment and alignment;
market share;
shareholder value.
Organizations should choose and watch the main indicators because it is not cost-effective to live everything. Determine|to spot those essential indicators, you’ll need to identify your core work activities, or the procedures that generate the most revenue for the business. To find them, check the product and/or services you provide to your members and describe the inside procedures that style, produce, and transport them. Then consider the critical support processes in sales, marketing, finance, human resources, IT, and other areas that make these member-driven activities possible. Establish areas to enhance (desired state) and verify measures to bridge the gap once you’ve identified your core processes and their existing condition.
Post 2: Tasha
Netflix measures its performance of the company by using a metric known as valued hours. This is the main metric used to judge company success. However, Netflix does not have performance measures, improvement plans, or anything related to measuring employee performance. The company defines itself as already having a high performance culture as employees are expected to perform with high regards. There are not any specific metrics or benchmarks pertaining to performance. Since netflix employs candidates who use their freedom responsibly to produce successful results there is no need for performance measures. The interview questions and process is the metric used to investigate the applicant closely which decides if the company is the right fit for the candidate. They must also possess analytical and technical hard skills overall.