The Chilled Leisure Company (CLC) has decentralised
FINANCIAL PERFORMANCE MEASURES – WEEK 8 The Chilled Leisure Company (CLC) has decentralised the operation decision-making of its divisional units. The Chief Operating Manager for each of these business units is given a great deal of freedom in their decision making however, the company offers bonuses of up to 100% of their annual fixed salary for achieving high profit returns and at the same time, carefully managing the amount of capital they use in their divisions. CLC uses traditional performance measures such as Return on Investment (ROI) or simple Profit measures. CLC’s Chief Executive and Chairman believe profit-based measures are still the most important measure because that is what shareholders want. The results for 2016 for CLC’s Hotels and Casino…
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