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Performance Prism is one of the development in management accounting put forth by Cranfield University. The theory is performance of an organisation depends on how effectively it meets the needs and requirements of all its stakeholders.

The five facets of the Performance Prism:

1. Stakeholder Satisfaction
2. Stakeholder Contribution
3. Strategies
4. Processes
5. Capabilities

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Approach: Starting with Stakeholders, not with Strategy. Five key questions for measurement design:

1. Stakeholder Satisfaction – who are the key stakeholders and what do they want and need?
2. Strategies – what strategies do we have to put in place to satisfy the wants and needs of these key stakeholders?
3. Processes – what critical processes do we require if we are to execute these strategies?
4. Capabilities – what capabilities do we need to operate and enhance these processes?
5. Stakeholder Contribution – what contributions do we require from our stakeholders if we are to maintain and develop these capabilities?

Once the answers to the above questions have been dealt, Performance Prism can use the results to identify performance measures which will enable the company to monitor the success of processes in place.

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Further Reading:

• PB Measurement on Value Based Management
  
• Bnet Business Directory
• Cranfield Research Institute

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From the page: "Ottawa, November 28, 2008 â€" Canada will stay the course on immigration in 2009, welcoming between 240,000 and 265,000 new permanent residents, Jason Kenney, Minister of Citizenship, Immigration and Multiculturalism, announced today.

â€oeWhile countries such as the United Kingdom and Australia are talking about taking fewer immigrants, our planned numbers for 2009 are on par with last year and are among the highest for this country over the past 15 years,†Minister Kenney said. â€oeThe numbers reflect a continued commitment to an immigration program that balances Canadaâ€s economic, humanitarian and family reunification goals.â€

The 2009 plan includes up to 156,600 immigrants in the economic category; 71,000 in the family category; and 37,400 in the humanitarian category.

Minister Kenney also announced another step in measures to improve the immigration programâ€s responsiveness to Canadaâ€s labour market. Retroactive to February 27, 2008, the date specified by the Federal Budget, the Action Plan for Faster Immigration includes issuing instructions to visa officers reviewing new federal skilled worker applications to process those from candidates who:"

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From the page: "There are fast computers, and then there are Linux fast computers. Every six months, the Top 500 organization announces "its ranked list of general purpose systems that are in common use for high end applications." In other words, supercomputers. And, as has been the case for years now, the fastest of the fast are Linux computers.

As Jay Lyman, an analyst at The 451 Group points out, Linux is only growing stronger in supercomputing. "When considered as the primary OS or part of a mixed-OS supersystem, Linux is now present in 469 of the supercomputer sites, 93.8% of the Top500 list. This represents about 10 more sites than in November 2007, when Linux had presence in 91.8% of the systems. In fact, Linux is the only operating system that managed gains in the November 2008 list. A year ago, Linux was the OS for 84.6% of the top supercomputers. In November 2008, the open source OS was used in 87.8% of the systems. Compare this to Unix, which dropped from 6% to 4.6%, mixed-OS use which dropped from 7.2% to 6.2% and other operating systems, including BSD, Mac OS X and Windows, which were all down this year from the November 2007 list." "

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From the page: "European lawmakers recently asked for International Financial Reporting Standards to be changed so that companies donâ€t have to reflect economic reality in their financial statements. Yes, you read correctly. To hell with the facts, please just give us something (anything) to smile about.

Accordingly, two things should be noted about IFRS, the new accounting rules coming to Canada. First, the people who set the rules bend quickly to the will of companies and politicians when the end results become unattractive. Second, the recent rule change in Europe was aimed at curbing the effects of fair-valuing assets, which is a major strike at the very heart of IFRS.

Turning to the details, the rule change allows companies to defer recognizing certain losses when assets are marked to market (which is to say, they are fair-valued based on available market data). Essentially, if the unrealized losses become too large, and the company does not want to take the hit to income, the assets can simply be reclassified (after the fact). Executives merely have to claim they will hold on to the assets and assume that the market for them will recover. "

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