Thanks,maybe u r right but in this MCQ, they did not mention either they r asking about formulation phase or evaluation phase, whereas in the mcq given by VU, they r specific about formulation phase.
-- option 1 can be correct when we talk about evaluation phase. but in this mcq they r asking about formulation phase.
Question 15
The problem with using financial measures alone to measure organizational performance is that:
________________
Mehreen Humayun
4th Semester, MBA(Banking)
Distance Learning Student
Quality in Everything We Do
vuZs Banking Group: http://groups.google.com/group/vuzs_banking?hl=en
On Sun, Jul 3, 2011 at 5:59 PM, umeed.e.subh <umeed_e_subh@vuzs.net> wrote:
In strategy formulation phase, what can be the problem when only financial ratios are used to measure organizational performance?
► They need to be compared with competitors to have any real earning.
► They are only understandable by accountants
► There are many different measures available
► The measures are usually inconsistent
First option is incomplete. I have completed with green highlights.
Financial measures need to be compared with competitors to have any value in a strategic sense.
RegardsUmeed
On Sun, Jul 3, 2011 at 4:22 PM, Mehreen Humayun <mc090400472@vu.edu.pk> wrote:
Thank u Naaz, this is same in handouts, page 151.
in this mcq they are asking about the problem associated with using only financial ratios.so according to me it should be,► There are many different measures available
see this:
Some key financial ratios that are particularly useful as criteria for strategy evaluation are asfollows:1. Return on investment2. Return on equity3. Profit margin4. Market share5. Debt to equity6. Earnings per share7. Sales growth8. Asset growthbut option no 1 is the strategy used for evaluation.plz comment on it.......:)________________Mehreen Humayun4th Semester, MBA(Banking)Distance Learning StudentQuality in Everything We Do
vuZs Banking Group: http://groups.google.com/group/vuzs_banking?hl=en
On Sun, Jul 3, 2011 at 1:27 PM, Mehreen Humayun <mc090400472@vu.edu.pk> wrote:In strategy formulation phase, what can be the problem when only financial ratios are used to measure organizational performance?
► They need to be compared with competitors'
► They are only understandable by accountants
► There are many different measures available
► The measures are usually inconsistent________________Mehreen Humayun4th Semester, MBA(Banking)Distance Learning StudentQuality in Everything We Do
vuZs Banking Group: http://groups.google.com/group/vuzs_banking?hl=en
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