The Executive Vice President of Wicker Pen Company Wants to Establish

Essay

The executive vice president of Wicker Pen Company wants to establish an accounting-based performance measurement system for the company's new plant. The company has an accounting information system sufficient to support a fairly sophisticated performance measurement system. The new plant is going to be considered an investment centre since its products will be marketed differently from others the company currently sells and it has no internal dealings with other plants within the company.
Required:
What are some of the key steps that should be undertaken in the establishment of a performance measurement system based on the Performance Measures Decision Process Model?