COURSE DESCRIPTION: Defining “good performance” is often the most difficult part of management. Why? Because so much of performance evaluation hinges on subjective factors. That’s where solid benchmarks and financial metrics come in. They give you an objective standard to help you keep score and validate the goals you want to achieve. Once established, these metrics provide a strong foundation to set the performance bar just high enough so that it motivates, but not so high that it overwhelms and crushes enthusiasm of department managers.
The question is where do you find the information to help you establish performance benchmarks? And once you find the right sources of data, how do you use them? This one-hour program will answer those key questions and more. Specifically, our expert speakers will:
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Describe the types of information published to help you set useful benchmarks
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Tell you where to find the most worthwhile external databases and surveys
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Discuss how to uncover the best internal data to measure performance
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Explain how successful companies use this information for performance measurement relative to the industry standards and competition
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Reveal which financial ratios can help you spot performance problems
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Outline internal measures to help you identifying financial control problems
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Outline techniques for setting personal goals for management and staff.
ABOUT THE SPEAKERS: Philip Palaveev is a Business Consulting Senior Manager who leads the market research for the Moss Adams Financial Services Practice and consults with broker-dealers and registered financial advisors on issues of strategy, business planning and compensation. Mr. Palaveev’s work focuses on the relationship between strategy and operational and financial management and covers specialized topics such as budgeting and forecasting, ownership and partner admission, alliances with CPAs and other referral sources, and the transition from full-service environment to independence.
Ed Drosdick is currently Co-Director of the SEC/Corporate Finance Practice and Director of the Technology Practice for Moss Adams. Ed has significant experience dealing with accounting, auditing, regulatory issues, general business, and management matters. He has practiced public accounting for more than 33 years, and has substantial expertise in matters relating to Securities and Exchange Commission filings.
MONEY-BACK GUARANTEE: We’re so confident you’ll get what you want out of this conference that we’ll refund your full fee if you’re not satisfied. It’s risk-free.
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