| Subject Code : | ACC30009 | Country : | Australia |
|---|
Assignment Task:
Task:
1. Abstract
Legislation and public awareness on environment and social welfare have encouraged an increasing number of companies to disclose their multi-perspective Strategic Performance Measurement System (SPMS), adding sustainability elements where possible to improve their standing amongst
consumers. This report studies the relationship between SPMSs, motivation theories, and reward or compensation plans, as well as the efficacy of the SPMS and the rewards system in bringing about competitive advantage to companies from different industries. Data sourced encompass a two-year period from 2017-2018, obtained from a range of sources: company reports, peer-reviewed articles,and company websites.
1. Introduction
As more companies take up sustainability and Strategic Performance Measurement System (SPMS) disclosure in response to environmental legislations and increasing environmental and social awareness, criticisms arise on companies using the SPMS as a “green-washing” tool, especially if the system is unlinked to a rewards scheme.
The purpose of this report is to examine the SPMS and its use in relation to motivation theories and rewards or compensation plans, and how these, when used together, may or may not give real companies a competitive edge over others in their respective industries.
Findings and Analysis
2.1 Literature Review
2.1.1 Multi-perspective SPMS Research
Strategic Performance Measurement Systems (SPMS) helps companies implement their vision and mission through “(translating) strategy into an integrated set of financial and non-financial measures across a range of perspectives” (Elijido-Ten 2019). A multi-perspective SPMS is one that covers four different perspectives, which are financial, customer, internal business process and infrastructure.
This Accounting and Finance Assignment has been solved by our Accounting and Finance Experts at onlineassignmentbank. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics.Our Experts are well trained to follow all marking rubrics & referencing style.
Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.
