Failure: fail·ure (noun)
1). The condition or fact of not achieving the desired end or ends: the failure of an experiment.
2). One that fails: a failure at one's career.
3). The condition or fact of being insufficient or falling short: a crop failure.
4). A cessation of proper functioning or performance: a power failure.
5). Nonperformance of what is requested or expected; omission: failure to report a change of address.
6). The act or fact of failing to pass a course, test, or assignment.
7). A decline in strength or effectiveness.
8). The act or fact of becoming bankrupt or insolvent.
Ok, someone please tell me what the HELL this question even means, much less where to start answering it.
"It has been argued that the extent to which each determinant of performance impacts a firm's performance is a function of the measure of performance. Do you agree or not? Support your answer with examples."
I feel like I'm trying to read a foreign language. Keep in mind this is one of five essay style questions for the week and then there is a case study with a series of additional confusing questions that lead me on a wild goose chase for financial information that is ambiguous, phrased differently than what we're told to look for, and confusing as hell.
WAH. FREAKING WAHHH!
3 comments:
trying to reword it...
The extent to which a business model (or some other determinant) impacts profit depends on the way you measure profit (net income, net operating income, sales, ROI assets, ROI equity, market value per share, etc.)
Basically, they're saying this:
How much attention does your company pay to the metrics it collects on performance?
Because it's been argued that how much any metric impacts your company depends on the method by which your measuring.
In other words, companies can delude themselve into thinking they're awesome depending on how they're measuring their progress.
Now THAT is a translation that makes some sense. My eyes just start to cross trying to read some of these.
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