PaCE 550/551 Evaluation

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PaCE 550/551 Evaluation
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Based actual performance of enterprises

• Fall term performance measurement system and the
  performance targets that you set
• Spring term achievements given the targets set
  for your enterprises in the fall.

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Performance targets should be comprehensive
-- reflect your main objectives in both aspects
of your enterprise aspirational and realistic
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Aspirational means that they should stretch you.
Hence,

• the best that PaCE teams have achieved in the
  past might be considered a B performance
• the best that similar (i.e., same line of
  business, target markets, or missions)
  enterprises achieve might be an A standard

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The Balanced Scorecard

• focuses on four perspectives
• Financial,
• Customer,
• Internal Business Process
• Learning and Growth

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Help organizations focus on long-term mission

• Conceived with Information Age business dynamics
  in mind.
• Uses a range of "leading and lagging" indicators
  to evaluate whether a business is moving toward
  its strategic goals.

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A communication mechanism

• Lets front-line workers see how their efforts
  contribute to the enterprise's success.
• Lets front-line workers explain to other
  participants in the enterprise the day-to-day
  realities that affect their progress.

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