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Targets provide a reference point against which performance is measured. If targets are high or low, they can significantly affect the analysis of KPI’s results. Some analysts consider that stretch targets are the way to success, while others believe is better not to set targets at all.
Similar to the typical business environment, the field of arts is also interested in Performance Management, in implementing different standards and performance indicators that range from public appreciation to the artist’s investment in a project. It is an efficient way to bring improvement into an art organization’s performance, in the quality and diversity of its products, in the engagement of the audience and in the artist’s individually.
The importance of higher education stays in improving individuals’ quality of life. Universities’ goals should not only focus on the learning outcomes directly linked to the subjects studied at a given point in time. It should also focus on individuals’ capability of creating welfare for themselves and for the community where they activate.
A recent Australia-wide research study on fraud cases within financial institutions, conducted by the governance firm Warfield & Associates, has revealed that businesses and clients have lost over $200 million since 2000 due to employee committed fraud. During this period, 120 cases of fraud directly committed by employees resulted in 123 criminal convictions in Australian Courts.
Using Key Performance Indicators to monitor a company’s performance provides several advantages.
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