Divorce the Forecasting Process from the Target Setting and Performance Appraisal Forecasts

Management Control Systems

Divorce the Forecasting Process from the Target Setting and Performance Appraisal Forecasts

CASE STUDY 2

Divorce the Forecasting Process from the Target Setting and Performance Appraisal Forecasts must not be seen by senior managers as a tool for questioning or reassessing performance targets. If managers see that forecasts have an impact on their reward and incentive plan, they will be reluctant to present an unbiased picture. Use Forecasts to Support Leading organizations

Answer the following question.

Q1. Explain the difference between choosing the Right Forecasting on frequency and horizon.

 

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