To equalize the measurement of team performance across eras, we've created the G-score (as in "greatness"), basically a zippy name for what statistical connoisseurs call standard deviation.
While the debates on the measurement of economic performance and social progress more often than not adopt a technical stance, this technicality must not mask the challenges linked to measurement.
Stiglitz was chair of the Commission on the Measurement of Economic Performance and Social Progress in 2008 and last year was appointed to the United Nations General Assembly as chair of the Commission of Experts on Reform of the International Financial and Monetary System.
Instead, experience in the strategic aspects of compensation, including performance measurement, peer group selection, and methods of aligning pay and performance in incentive design, have become much more important in providing sound compensation advice.
This ranking is based on a performance measurement of the "K computer(1), " currently under their joint development.
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So how can we cut the cord with benchmarking and shift to a new paradigm of performance measurement?
And he feels that change requires "rigorous performance measurement", the establishment of "concrete targets".
PRVit is a 24-factor quantitative application of the fundamental EVA model for performance measurement and valuation.
But the implications of this had, to date, "not been well-presented to government, nor have issues of measurement error and the implications these have for performance tables".
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While specific industry knowledge can be an asset, it also can result in failure to sufficiently consider other approaches to incentive design and performance measurement that may better fit the strategy of the company.
Another reason for the popularity of index funds, especially in the institutional market, is that comparison to widely available benchmarks makes performance measurement so easy.
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