Critically consider and evaluate the role and value of the performance assessment approach in an international sustainable context

Final Assessment - Performance Management And Control

The task is to choose a significant performance assessment concept with associated terms and models learned throughout the unit. It should be relevant to your current organisational context, for instance, a statement/ratio analysis, costing analysis or investment analysis.

You are expected to prepare a 3,000-word written report in two parts: PART ONE of the assignment is a short academic report of no more than 500 words and PART TWO is a longer report, of no more than 2,500 words.

Part one: critically consider and evaluate the role and value of the performance assessment approach in an international sustainable context (500 words max and 20% of the final marks).

Part two: incorporating available information, investigate a significant aspect of the recent performance (e.g. investment, management or financial) of an organisation of your choice – private or public sector, profit seeking or not-for-profit and clearly state and justify (from your chosen evaluation standpoint for instance; a shareholder, analyst, employee or manager) the likely consequences of its assessed performance on your future actions (2,500 words max)

Ratio Analysis Format what to write/ lay out:  This is the lay out. Example we can choose ratio analysis, so we discuss what ratio analysis is about (ratio analysis is a financial performance measure), why is it important? Why is necessary, what is it used for, bring real world examples, when discussing ratio analysis in the context of a particular organization that we want to explore. Splitting in 2 parts:

1-part:  500 words, you critically consider and evaluate the role and value of the performance assessment approach (ratio analysis). For the first 500 words exactly why is ratio analysis necessary, what is it used for, how has it been used, what are the results, what does it result into, so on and so forth.

Then in part 2:- you then incorporate available information by investigating significant aspects of recent performance, for example you can say, how do we use ratios to assess the business, how well the business is doing/performing, from an investment standpoint, or form a management standpoint, or from a financial standpoint,  or from a stakeholder standpoint, or different aspects of how ratio analysis can be applied of the organisation of your choice. We know that for ratio analysis we usually apply more to a private sector organization and you clearly state and justify from your chosen evaluation standpoint, things like, how does it impact shareholders, analysts, employees and managers?

Under the likely consequence of its assess performance on your future actions, so again, what would be the impact, for example, adopting your ratio analysis going forward? What are its weakness and strengths, how did it impact the business going forward? How does it have the business look at, you know, settings other things that might not be possible with just ratio analysis, why is it good for an organization or why it might not be good for an organisation, etc. This is the task.

Harvard referencing system. 

Format: Word document

Line spacing: 2.0

Justify text

Font: 12 point Times New Roman

Penalties for Overlong Assessments

All final assessments for Global Online units are subject to the following mark reduction penalties:

Amount the submitted work is in excess of the provided guidance	Effect on final mark
0% - 10%	None
11% - 30%	Mark reduced by 10%
= 31%	Mark capped at 50%

The maximum assessment length does not include the bibliography, reference lists, title page or any appendices.

The penalties above apply equally to all submitted written assignments, oral, audio or video presentations, posters, portfolios, and any other assessments.

The mark for overlong assessments will not be reduced below the pass threshold.

No penalties apply where assessments do not achieve the pass threshold, even if the work is in excess of the provided guidance.

Reference: Pls refer to attached slides.

Session 1 - Management and control

Session 2-Performance measurement (IMPORTANT for RATIO ANALYSIS and SCORECARD)

Session 3- Budgetary controls

Session 4- Incentive and reward system

Session 5- Transfer pricing

Session 6- Ethical issues and corporate social responsibility

Session 2  (IMPORTANT)

Articles

• Ballou, B., Heitger, D.L. and Donnell, L. (2010) Creating Effective Dashboards: How companies can improve executive decision making and board oversight, Strategic Finance, 91 (9), pp.27–32. Available at: https://sfmagazine.com/wp-content/uploads/sfarchive/2010/03/Creating-Effective-Dashboards.pdf (accessed 30 December 2018).

Session 2 Weblinks;

Weblinks

• Balanced Scorecard Institute (n.d.) Balanced Scorecard Examples & Success Stories, Balanced Scorecard Institute [website]. Available at: www.balancedscorecard.org/BSC-Basics/Examples-Success-Stories (accessed 30 December 2018).
• Bhfireblade (2010) Dr. Robert Kaplan - Balanced Scorecard, YouTube. Available at: www.youtube.com/watch?v=oJIdZvX_jbQ (accessed 30 December 2018).
• BPMInstitute.org (n.d.) Problems Implementing a Balanced Scorecard, BPMInstitute.org [website]. Available at: www.bpminstitute.org/resources/articles/problems-implementing-balanced-scorecard (accessed 30 December 2018).
• Collaborative Strategy (2010) 5 Reasons Why the Balanced Scorecard Fails in Organizations (and How to Prevent It from Happening to You!), Collaborative Strategy [website]. Available at: www.collaborativestrategy.ca/5-reasons-why-the-balanced-scorecard-fails-in-organizations-and-how-to-prevent-it-from-happening-to/ (accessed 30 December 2018).
• MarkAMorton (2011) Wayne Eckerson on Performance Dashboards and Analytics, YouTube. Available at: www.youtube.com/watch?v=p9ga3dRC2co (accessed 30 December 2018).
• MMU Library (2018) Company Information, Manchester Metropolitan University [website]. Available at: https://libguides.mmu.ac.uk/c.php?g=656084&p=4611626 (accessed 30 December 2018).
• Sainsbury’s (2015) J Sainsbury plc Annual Report and Financial Statements 2015. Available at: www.about.sainsburys.co.uk/~/media/Files/S/Sainsburys/documents/reports-and-presentations/annual-reports/annual-report-2015.pdf (accessed 30 December 2018).
• Savkin, A. (2013) Learning from Tesco Strategy Map and Scorecard, Balanced Scorecard Software – BSC Designer [website]. Available at: https://bscdesigner.com/tesco-balanced-scorecard.htm (accessed 30 December 2018).
• Tesco (2015) Annual Report and Financial Statements. Available at: https://www.tescoplc.com/media/1426/tescoar15.pdf (accessed 20 April 2020).
• Tesco PLC (2015) Our Half Year Results 2015/16 | Tesco, YouTube. Available at: www.youtube.com/watch?v=OQEOQGjyy9I (accessed 30 December 2018).
• Tesco PLC (2015) Tesco Preliminary Results 2014/2015 | Interview with CEO Dave Lewis and CFO Alan Stewart, YouTube. Available at: www.youtube.com/watch?v=lHnhliwm1Tw (accessed 30 December 2018).
• BBC Business News website. Available at: https://www.bbc.co.uk/news/business (accessed 26 March 2019)

Weblink (reading resources): Session3

Weblinks

AccountingTools (2017) Incremental Budgeting, AccountingTools [website]. Available at: www.accountingtools.com/articles/what-is-incremental-budgeting.html (accessed 31 December 2018).

Accounting Tools (2017) The Flexible Budget, AccountingTools [website]. Available at: www.accountingtools.com/articles/what-is-a-flexible-budget.html (accessed 31 December 2018).

Accounting Tools (2017) The Types of Budgeting Models, AccountingTools [website]. Available at: www.accountingtools.com/articles/what-are-the-types-of-budgeting-models.html (accessed 31 December 2018).

Beyond Budgeting Institute (2018) Beyond Budgeting: Enabling business agility [website]. Available at: https://bbrt.org/ (accessed 31 December 2018).

Callaghan, S., Hawke, K. and Mignerey, C. (2014) Five Myths (and Realities) about Zero-Based Budgeting, McKinsey & Company [website]. Available at: www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/five-myths-and-realities-about-zero-based-budgeting (accessed 31 December 2018).

Cam-I Wiki (2014) Budget Bashing, Cam-I Wiki [website]. Available at: www.cam-i.org/wiki/index.php/Budget_Bashing (accessed 31 December 2018).

BBC Business News website. Available at: https://www.bbc.co.uk/news/business (accessed 26 March 2019).

Session 4

Books

Anthony, R. and Govindarajan, V. (2014) Management Control Systems (European edition), McGraw-Hill/Irwin: New York, NY, pp.4–18.

Weblinks – session 4

Bershidsky, L. (2013) For Better Banks, Banish Those Bonuses, Bloomberg, 18 October. Available at: www.bloomberg.com/view/articles/2013-10-18/for-better-banks-banish-those-bonuses- (last accessed 5 January 2019).

Daniel Karpantschof (2010) How Motivation Is Driven by Purpose – and Not Monetary Incentives, YouTube. Available at: https://www.youtube.com/watch?v=dgKKPQiRRag (download the transcript) (last accessed 20 April 2020).

DocstocTV (2011) High Impact, Low Cost Rewards for Employees, YouTube. Available at: https://www.youtube.com/watch?v=kuFk9hMpup8 (download the transcript) (last accessed 5 January 2019).

Leadersinlondon (2008) Steve Levitt – Why Incentives Don’t Work, YouTube. Available at: https://www.youtube.com/watch?v=FdkQwQQWX9Q (download the transcript) (last accessed 5 January 2019).

West, M. (2016) How Should You Set Executive Pay? BBC Business News, 5 January. Available at: https://www.bbc.com/news/business-35238299 (last accessed 5 January 2019).

BBC Business News website. Available at: https://www.bbc.co.uk/news/business (accessed 26 March 2019).

Reading session 5

Articles
Anthony, R. and Govindarajan, V. (2006) Management Control Systems (12th edition), McGraw-Hill/Irwin: New York, NY, pp.290–302.

Jeffers, A., Burgess, D. and Hughes, P. (2008) Ethical Issues Associated with International Transfer Pricing Practices, International Journal of Business Research, 8 (5), pp.101–112.

Weblinks -session 5
ActionAid (n.d.) Campaign to Make Tax Fair [website]. Available at: www.actionaid.org.uk/campaign/campaign-to-make-tax-fair (accessed 6 January 2019).

Barford, V. and Holt, G. (2013) Google, Amazon, Starbucks: The rise of ‘tax shaming’, BBC News Magazine, 21 May. Available at: www.bbc.co.uk/news/magazine-20560359 (accessed 6 January 2019).

BBC News (2016) Google Tax Deal Labelled ‘Derisory’, as Criticism Grows, 23 January. Available at: www.bbc.co.uk/news/uk-35390692 (accessed 6 January 2019).

Internal Revenue Service (2006) IRS Accepts Settlement Offer in Largest Transfer Pricing Dispute, 11 September. Available at: www.irs.gov/pub/irs-news/ir-06-142.pdf (accessed 6 January 2019).

Lawrence, F. (2010) Brewer Accused of Depriving Poor Countries of Millions in Revenue, Guardian, 29 November. Available at: www.theguardian.com/business/2010/nov/29/sabmiller-india-africa-actionaid-report (accessed 6 January 2019).

Murphy, R. (2007) Transfer Pricing, Tax Research UK [website], 10 August. Available at: www.taxresearch.org.uk/Blog/2007/08/10/transfer-pricing-2/ (accessed 6 January 2019).

NightwalkersView (2012) Tax Avoidance – Starbucks, Google and Amazon ‘Immoral’, YouTube. Available at: www.youtube.com/watch?v=U2wtN0uciac (accessed 6 January 2019) (download the transcript).

Sikka, P. (2009) Shifting Profits across Borders, Guardian, 12 February. Available at: www.theguardian.com/commentisfree/2009/feb/11/taxavoidance-tax (accessed 6 January 2019).

BBC Business News website. Available at: https://www.bbc.co.uk/news/business (accessed 26 March 2019)

Session 6

Further Resources

Study the following materials to find out more about the key concepts covered in this session.

Books

Anthony, R. and Govindarajan, V. (2014) Management Control Systems (European edition), McGraw-Hill/Irwin: New York, NY, pp.4–18.

Articles - session 6

Ballou, B., Heitger, D.L. and Donnell, L. (2010) Creating Effective Dashboards: How companies can improve executive decision making and board oversight, Strategic Finance, 91 (9), pp.27–32. Available at:https://sfmagazine.com/wp-content/uploads/sfarchive/2010/03/Creating-Effective-Dashboards.pdf (accessed 30 December 2018).

Weblinks -session 6

Balanced Scorecard Institute (n.d.) Balanced Scorecard Examples & Success Stories, Balanced Scorecard Institute [website]. Available at: www.balancedscorecard.org/BSC-Basics/Examples-Success-Stories (accessed 30 December 2018).

Bhfireblade (2010) Dr. Robert Kaplan - Balanced Scorecard, YouTube. Available at: www.youtube.com/watch?v=oJIdZvX_jbQ (accessed 30 December 2018).

BPMInstitute.org (n.d.) Problems Implementing a Balanced Scorecard, BPMInstitute.org [website]. Available at: www.bpminstitute.org/resources/articles/problems-implementing-balanced-scorecard (accessed 30 December 2018).

Collaborative Strategy (2010) 5 Reasons Why the Balanced Scorecard Fails in Organizations (and How to Prevent It from Happening to You!), Collaborative Strategy [website]. Available at: www.collaborativestrategy.ca/5-reasons-why-the-balanced-scorecard-fails-in-organizations-and-how-to-prevent-it-from-happening-to/ (accessed 30 December 2018).

MarkAMorton (2011) Wayne Eckerson on Performance Dashboards and Analytics, YouTube. Available at: www.youtube.com/watch?v=p9ga3dRC2co (accessed 30 December 2018).

MMU Library (2018) Company Information, Manchester Metropolitan University [website]. Available at: https://libguides.mmu.ac.uk/c.php?g=656084&p=4611626 (accessed 30 December 2018).

Sainsbury’s (2015) J Sainsbury plc Annual Report and Financial Statements 2015. Available at: www.about.sainsburys.co.uk/~/media/Files/S/Sainsburys/documents/reports-and-presentations/annual-reports/annual-report-2015.pdf (accessed 30 December 2018).

Savkin, A. (2013) Learning from Tesco Strategy Map and Scorecard, Balanced Scorecard Software – BSC Designer [website]. Available at: https://bscdesigner.com/tesco-balanced-scorecard.htm (accessed 30 December 2018).

Tesco (2015) Annual Report and Financial Statements. Available at: https://www.tescoplc.com/media/1426/tescoar15.pdf (accessed 20 April 2020).

Tesco PLC (2015) Our Half Year Results 2015/16 | Tesco, YouTube. Available at: www.youtube.com/watch?v=OQEOQGjyy9I (download the transcript) (accessed 30 December 2018).

Tesco PLC (2015) Tesco Preliminary Results 2014/2015 | Interview with CEO Dave Lewis and CFO Alan Stewart, YouTube. Available at: www.youtube.com/watch?v=lHnhliwm1Tw (download the transcript) (accessed 30 December 2018).

BBC Business News website. Available at: https://www.bbc.co.uk/news/business (accessed 26 March 2019)