Performance Measurement Definition Of Performance Measurement Finance Essay - Free Essay Example

Sample details Pages: 3 Words: 815 Downloads: 9 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? A multiplicity of definitions have been attributed to the term performance measurement as there is a lack of agreement on a single definition among various ones proposed by academics from different disciplines, according to a study made by Franco-Santos et al. (2007). For instance, Simons (2000) defines a performance measurement an information system that managers use to track the implementation of business strategy by comparing actual results against strategic goals and objectives. Don’t waste time! Our writers will create an original "Performance Measurement Definition Of Performance Measurement Finance Essay" essay for you Create order A performance measurement system typically comprises systematic methods of setting business goals together with periodic feedback reports. Performance measurement can also be defined as the set of metrics used to quantify both the efficiency and effectiveness of actions (Neely, Gregory and Platts (1995)). According to Maisel (2001), it is a system which enables an enterprise to plan, measure and control its performance and helps ensure that sales and marketing initiatives, operating practices, information technology resources, business decisions, and peoples activities are aligned with business strategies to achieve desired business results and create shareholder value. The above definitions of performance measurement extracted from previous literature make obvious the lack of consensus on a definition. Each of the mentioned authors provides from a different perspective by using different types of characteristics to derive their definition. For the purpose of our study, the defini tion of Simons (2000) will be used as this study is based on performance evaluation of mutual funds. Performance measurement techniques There are several statistical measures which have been developed by academics so as to be able to have an indication of mutual fund performances. The most widely used ones are: the Jensen Index, the Treynor Index and the Sharpe Ratio. The concept of mutual funds What is a mutual fund? Mutual funds are open-ended investment funds, playing a vital function of channelizing and optimal allocation of idle resources available in the economy of the individual as well as institutional investors . A proper definition of a mutual fund can be said to be a company that pools money from shareholders so as to invest the funds in a variety of assets for the purpose of diversification. Mutual funds act as a connecting bridge or a financial intermediary that enable a group of investors to pool their money together which is invested in a diversified portfolio of securities so as to minimize asset specific risks. These types of funds are largely provided through banks, brokerage firms, trust companies, credit unions, financial planning firms and other investment firms. Structure of mutual funds Mutual funds have a distinctive organizational structure consisting of shareholders, a board of directors, the fund advisor and the portfolio manager. The shareholders are the owners of the fund and possess voting rights. They select those funds that meet with their underlying investment objectives and purchase shares through diverse channels such as brokerage accounts, insurance policies and retirement plans. The board of directors are entrusted the duty to represent interests of shareholders, the approval of the contract with the management company and certain other service providers. The portfolio managers are employees of the fund advisors and their compensation is at the advisors discretion. The different types of mutual funds Mutual funds are usually classified according to their investment objectives. Some funds concentrate on bonds, others on stocks, money market instruments or other securities. There are even those who focus on the local market while others go international or specialized in countries or specific industries. The willingness to invest in riskier securities can also be considered as a distinguishing feature of mutual funds. The common types of mutual funds are as follows: Money market funds investment is made for short-term corporate government and government debt securities such as treasury bills, corporate notes and bankers acceptances. These funds are characterized by their low-risk exposure leading to low returns. Growth or equity funds such a fund invest in the equities in local or foreign companies and some growth funds focus on large blue chip companies, while others invest in smaller or riskier companies. Objective is long term growth as value of the asset held increase s over time. Fixed income funds these types of funds invest mainly in debentures, bonds and mortgages. The objective is typically to provide investors with a regular income stream in terms of interest payments or dividend payments. Balanced funds it consists of a balanced portfolio of mix of equities, debt securities and money market instruments with the aim of providing investors a with reasonable returns with low to moderate risk. Index funds the fund invests in a portfolio of securities selected so as to represent a specified target index or a benchmark. The advantages of investing in mutual funds Diversification Investing in a well diversified portfolio of securities help to reduce the impact of a single investment. Mutual funds provide the benefit of diversification by holding a wide variety of securities . Professional management Low cost Liquidity Convenience

Cyber Security Operation Centers ( Soc ) - 838 Words

Security Operation Centers (SOC) are established in order to defend and protect their constituents from illusive and perilous threats. Cyber Security Operation Centers (CSOC) have a more difficult role to play with their adversaries cloaking themselves with online aliases and high anonymity proxies. With technology racing at a lightning speed, CSOCs have no time to waste reaching their Full Operational Capability, bringing them to be completely capable detecting, analyzing and mitigating crises that their promised constituents face. Cyber Security Operation Centers play a much larger role than simply incident response; depending on what CSOCs define their mission to be, CSOCs can be created to handle and cyber security related task. This breadth makes what they define as Full Operational Capability (FOC) as broad as their networks reach. Reaching Full Operational Capability is not a simple task, and many SOCs fail to reach FOC, much less in their designed time period. Initial Operati onal Capability is the minimum point where a SOC can start caring out the mission to the bare minimum, but this is not sufficient for the SOC nor is it the end goal. CSOCs were not made to stay at their minimum capabilities, but the road to Full Operational Capability is paved with challenges and unplanned potholes on the way to their correct destination. In order to help CSOCs and SOCs alike to reach their Full Operational Capability, eliminating the challenges and potholes must be held to theShow MoreRelatedCyber Security Essay1344 Words   |  6 Pagesmy preferred field of interest is cyber security. Because of this, throughout the past couple months, I have been researching thoroughly in hopes to find any recent developments in the field. Through my research, one of the most intriguing advancements in the field of cyber security that I found was cognitive security. Cognitive security combines two cutting edge technologies as of today: artificial intelligence and cloud computing . Simply put, cognitive security utilizes artificial intelligenceRead MoreCase Study Questions On Management Information Systems1409 Words   |  6 Pages BA60275H217- Management Information Systems Case Study - 1 CU ID: 547100 Prof : Jimmie Flores 1) Was cyber security a priority at Target? Explain. It is not that much of priority at Target. The people of Target understood it after the Point of Sale (POS) attack is a big issue at target which has to be organized immediately and making the condition protected. Around 6 pm in the evening, the target condition is in safe and secure and it is terminated the malware atRead MoreSecurity And Controls Director At A Publicly Traded Hospital System880 Words   |  4 PagesIT Leaders have numerous concurrent activities and fluctuating priorities Suzanna is the Security and Controls Director at a publicly traded hospital system. As is typical for an IT leader with this type of role, she’s juggling numerous concurrent information security and compliance objectives. †¢ Next quarter the annual SOX audit begins, although remediation of findings from the prior year’s internal audit report is still in progress. †¢ Results of this quarter’s external network vulnerabilityRead MoreInformation Security And Controls Director At A Publicly Traded Hospital System896 Words   |  4 PagesNumerous concurrent activities and fluctuating priorities Suzanna is the Security and Controls Director at a publicly traded hospital system. As is typical for someone in this type of role, she’s juggling numerous concurrent information security and compliance objectives. †¢ Next quarter the annual SOX audit begins, although remediation of findings from the prior year’s internal audit report is still in progress. †¢ Results from this quarter’s external network vulnerability scans are in her in-box;Read MoreCreating A Small Business Computer And Data Security2484 Words   |  10 Pageson the importance and sustainability of protecting their networks and data against cyber-attacks. Figure 1: Map Display of international cyber-attacks. â€Æ' Introduction In recent years, Cybercrime has increased radically and it is becoming more vital for people to grant protection on their computers and data just as they do with anything else they deem needs to be secured. The improved rate for the need of security also applies to conceptual institutes of small businesses. Small businesses keep recordRead MoreThe Dummies Guide For A Small Business2645 Words   |  11 Pageson the importance and sustainability of protecting their networks and data against cyber-attacks. Figure 1: Map Display of international cyber-attacks. â€Æ' Introduction In recent years, Cybercrime has increased radically and it is becoming more vital for people to grant protection on their computers and data just as they do with anything else they deem needs to be secured. The improved rate for the need of security also applies to conceptual institutes of small businesses. Small businesses keep recordRead MoreCorporate Website On The Cloud Essay1394 Words   |  6 Pageswe discussed in our steering committee last week, you raised two concerns – security and data confidentiality – about hosting our corporate’s website outside our datacenter – in particular, on the cloud. I’m writing to you to convince you that hosting the corporate’s website on the cloud is the best option for the following reasons: it reduces operating cost, frees our staff to do other tasks, and provides better security. This report gives an overview of the current status of our website, exploresRead MoreCyber Defence And Information Assur ance2647 Words   |  11 Pages PGCert Cyber Defence and Information Assurance Reflective Portfolio Module 01 : Governance and Management Kinshuk De â€Æ' Introduction This portfolio is a reflective account of what I have learnt during the Governance and Management module and reflect on the three tasks posed, based on the case study of a system D.I.A.M.O.N.D (Driver Identification After Motoring Offence using Numerous Databases). We worked in groups and deliberated (Deliberations, 9 March 2015) what the D.I.A.M.ORead MoreA Report On The Target Data Breach Essay1850 Words   |  8 PagesIntroduction: The Target data breach remains one of the most notable breaches in history, it was the first time a CEO of a major corporation was fired due to a security event. The breach received an enormous amount of attention, it caused corporations and individuals to change the way they think about information security and data protection. Between Thanksgiving and Christmas 2013 hackers gained access to 40 million customer credit cards and personal data of 70 million Target customers. TheRead MoreApplication Layer Dos / Ddos Attacks On E Commerce Sites5277 Words   |  22 Pagesfocus of the research community from traditional network-based denial of service. Denial of Service (DoS) and the associated Distributed Denial of Service (DDoS) are simply an attempt by cyber-attackers to exhaust the resources available to a network, application or service so that genuine users cannot gain access. Cyber-attackers find application-layer most vulnerable and are able to device more creative methods of attack, are able to recruit other zombie systems referred to as botnets to amplify their

Burning Down the White House Free Essays

On August 24 1814, during the War of 1812 we traveled from the Atlantic Ocean, into Chesapeake Bay, and on into Washington D. C. . We will write a custom essay sample on Burning Down the White House or any similar topic only for you Order Now The British Army occupied Washington, D. C. as I and some others set fire to the White House. I was so nervous; I knew it was something I had to do though. It was our commander’s orders to only burn public buildings. This was the first time that a foreign power captured and occupied the United States capital. After we set fire to the buildings we left as quickly as possible. This attack was an act of revenge since the Americans burnt York and the buildings of the Legislative Assembly during the battle of York in 1813. The commander told us that attacking Washington would have a greater political effect than any other states would. It is considered against the civilized laws of war to burn a non-military facility and those Americans not only burned the Parliament but also the Governor’s mansion, private homes, and warehouses. We didn’t know it but, the president’s wife was in the white house. Her name was Dolly Madison, two messengers came in and asked her to leave. She left all of their personal belongings, but she managed to get the cabinet papers and the portrait of George Washington. As we went into the White House we were greeted with a dinner set for forty. We ate and drank until we were full, then we done our job. We destroyed the White House and all of the public places we intended to destroy. The Madison’s had no choice but to leave, and as they left I seen them helplessly watching us demolish their home. I had to keep reminding myself why I was doing this, in an act of revenge because they burnt us down and payback came their way. How to cite Burning Down the White House, Papers