Problem:
You are to critically analyze and evaluate the organization's management information practices. You should focus on their overall effectiveness given the latest trends and you should be analytical in your stance and approach to provide recommendations of best practice. Report would gain credibility by comparing practices of the org to others operating in the same industry.
The report should:
Question 1: Identify principles and trends in the performance measurements and control in the company and compare with wider industry?
Question 2: Determine and evaluate the effectiveness of the company's performance measurements and management information?
Question 3: Discuss and evaluate the economic benefit of budgeting to the company and any consideration thereof?
Question 4: Evaluate the overall role of management in performance management
Question 5: Outline and evaluate effective approaches to management control
Note: Provide support for rationale.