Page 320 - PM Integrated Workbook 2018-19
P. 320

Chapter 11





                           External considerations





                             Performance measures provide useful information to management
                             which aid in the control of the business. However, they need to be
                             considered in the context of the environment external to the business to
                             gain a full understanding of how the business has performed and to
                             develop actions which should be taken to improve performance.


                                    Loan              Government                Customers
                                 providers



                         Employees



                                                                                   Environmental
                        Shareholders                Stakeholders                        groups







                                                Important external

                                                  considerations





                                     Market
                                  conditions                               Competitors














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