Question

The management methodology of using a firm's strategy to generate operational targets for the business and measuring progress towards them using the firm's enterprise systems is called: Key Performance Indicators (KPIs). benchmarks. the balanced scorecard method. business intelligence. Business Performance Measurement (BPM).

Answer 1

When management uses the firm's strategy to come up with operational targets this is called Business Performance Measurement (BPM).

What is Business Performance Measurement (BPM)?

This is a strategy that is employed to ensure that a company meets its overall strategic goals and targets.

It works by breaking down the firm's strategy into targets that can be achieved through operational means and then measuring the progress of these operations.

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