Question

if you were to develop a managerial accounting approach to measure the nonfinancial success of your organization programs, what would you measure, how will you get your data, and how will you respond to the information you would uncover?
(sport finance)

Answer 1

There are different Indicators For Measuring Organizational Success. Some of them are mentioned below:-

1. Communication Effectiveness

2. Customer Relationships

3. Employee Satisfaction

4. Brand Image

5. Customer Relation

6. Supplier Relationships

7. Employee Competence

There are ways to measure non financial data also in the organisation

BALANCED SCORECARD: The Balanced Scorecard is a framework to be used for implementing and managing the strategy. This blends a vision with strategic objectives, goals and initiatives. This provides a compromise between strategic intervention and performance measures and targets for all other areas of the company. It is a method for monitoring of business performance. The BSC is a technique, not just a scorecard. Next, a small number of financial and non-financing targets relevant to strategic objectives are established. It then evaluates interventions, identifies measures goals and ultimately specific priorities (often referred to as initiatives). This requires a company to understand whether objectives can be achieved and then defines programs that achieve the targets. It avoids the development of expensive, strategy-free initiatives.

TRIPLE BOTTOM LINE: The triplefold bottom line (TBL) is a framework or theory recommending that companies focus just as they profit on social and environmental concerns. The TBL argues that there should be three: profit, people and the planet instead of one final line. Profit the conventional indicator of profit and loss reports for businesses. People: Tests how a company has been socially responsible throughout its operations. The Planet: Tests the environmental responsibility of a business