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Q: Why is it important to evaluate and measure planned progress against actual progress?
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What is one way to measure technological progress?

total growth minus increases in capital and labor


What factors would you use to measure the level of economic development in a country?

Geographers use general measures of development to analyze this progress


How importance of strategy evaluation?

Very important, both to survival and optimizing opportunity. Use SWOT: -Strengths - compared to your competition which you should exploit -Weaknesses - which need improvement, which are not important -Opportunities - What trends can we exploit? What events will happen soon? -Threats - What could happen that would hurt us badly? Bad trends? These lists can drive your priorities away from business as usual. Each item may suggest strategic changes you should make. Combine the desired changes into a unified vision of how the organization wants to be and communicate that to the whole team. Break it down into projects needed to get there, assign time frames and resources to the projects. Then measure the progress of these strategic change projects. If you don't measure progress then people will quickly go back to business as usual because those activities are typically already being measured (and you get what you measure and report). This is where many strategies fail.


What is the measure to bring down the value of currency by a country against foreign currency called?

demonetisation


Why is the Cap Rate used to evaluate Real Estate?

This is used in real estate to measure return on investment, otherwise known as ROI. Another term that is much more familiar to people includes the term net income.

Related questions

Monitor and reviewing a business plan?

An entrepreneur cannot measure progress without having something to measure that progress against and is why planning is so important.


Is temperature or light a measure of thermal energy?

Temperature is. When you want to evaluate the progress of the baby's flu symptoms, you don't measure the intensity of the light coming out of his mouth.


How do you measure progress against work objectives?

i don't know that's why im asking for help with my NVQ team leading questions... :(


What was used to measure tornadoes before the Fujita Scale?

Nothing, really. There was no metric in place to evaluate tornado damage. This is why it was such an important advancement.


What is the SWOT analysis for pabst brewing company?

Strengths, Weakness, Opportunity, Target. Its a sales and marketing tool used to evaluate and measure your competition against yourself.


What are synonyms for measure?

assess. appraise. evaluate. quantify. criterion.


Where to evaluate Pulse?

Measure the pulse in the wrist area, radial pulse.


What does map in map testing stand for?

Measure of Academic Progress


What productivity measure should be used to evaluate the effectiveness of patrol officers?

There are a number of productivity measure that should be used to evaluate the effectiveness of patrol officers. Comparative performance is one of the best measures that can be employed for proper productivity evaluation.


After 1870 the measure of a nation's industrial progress was determined by what?

the production of steel


Why is the Bill of Rights important to others?

The Bill of Rights gives us a standard to measure against when we are arguing questions of agency and law. It is important because it is a standard, and so we try not to go against those basic rights.


What is a key peformance indicator?

Earnings and earnings/revenue growth. --------------------------------------------------- A performance indicator or key performance indicator (KPI) is a measure of performance. Such measures are commonly used to help an organization define and evaluate how successful it is, typically in terms of making progress towards its long-term organizational goals.