Performance Measurement Process - Literature review Example

Abstract The research which focuses on the different dimensions of performance measurement system has looked towards using 5 research paper which highlights the manner in which business will be able to develop and grow through development of performance measurement system. The research focuses mostly on the operational aspect of organization and highlights the manner in which the different dimensions of performance measurement system will bring operational efficiency and help the business to keep in tune with the evolving changes. This will help to bring about a complete change and transformation through which better results will be achieved and the business will be able to find out the dimensions through which better results is achieved. Introduction This paper looks to provide a literature review from 5 different sources highlighting what the different literature review provides regarding performance measurement, the different assumptions which are present, the things which are common on the different themes and the research is based on whose perspective. This will thereby help to provide better impetus and inputs based on which better research can be carried out and useful guidance can be provided for the future Literature Review The research looks to carry out a literature review for 5 different articles and the details are as follows Striteska, M. & Spickova, M. 2012. Review & Comparison of Performance Management System. Journal of Organizational Management Studies, 1 – 13 The research which was carried out with the objective of finding out the manner in which performance measurement system is developed in organizations and the different changes which are included in it. The research was based on the assumption that it was carried out on the basis of past literature review and researches which shows that the research mainly relied on past data. In addition to it the research also further looks at finding out the strengths and weakness of different performance measurement system and models so that a conceptual model for performance measurement can be developed. It was identified from the research that each performance measurement model provides basic framework and is conceptually clear but doesn’t provide a unique model for each organization. This requires that the model needs to be developed based on the needs and requirements of the organization and the model which has been developed and designed will be unique based on the different needs of the organization. This requires proper research at the operational level so that a model which will help to find out the manner in which performance measurement system can be developed is found out. This will help to improve the overall relevance and reliability of the research and will highlight better information. The research was further carried out from the perspective of the organization and looked at developing and finding out a model which will help to develop the required parameters through which better performance measurement becomes possible. Sarode, A., Sunnapwar, V. & Khode, P. 2009. A Literature Review for Identification of Performance Measures for Establishing a Framework for Performance Measurement in Supply Chains. The International Journal of Applied Management and Technology, 6 (3), 241 – 273 The article which looks to find out the manner in which performance measurement metrics and system helps to improve the overall efficiency in the supply chain management system has received wide support. The development of performance measurement metrics which focuses on developing a framework for developing performance measurement system will thereby help to improve the overall relevance and value of the research. The assumption which has been carried out during the research is that systematic grouping of the performance measurement system hasn’t been developed or followed which has thereby resulted in transforming the manner in which supply chain works. In addition to it the research focuses mostly on past research and data which thereby looks at making it difficult for the supply chain to develop their overall parameters. The literature review have been carried out from the perspective of the organization and looks at focusing on the aspect of creating and developing a framework through which better results for performance measurement can be achieved in the field of supply chain. This has thereby gradually developed the required parameters and has ensured that performance measurement acts as one of the major determining points through which better results can be achieved. The research will thereby help to improve the overall relevance through which better performance metrics can be developed for the research. Nudurupati, S., Bititci, U., Kumar, V. & Chan, F. 2010. State of Art Literature Review on Performance Management. Computers & Industrial Engineering. 1-12 The paper looks at analysing the manner in which management information system and change management has a role in performance measurement. The analysis of the role of management information system and change management will help the business to develop their performance measurement system based on the evolving environment and will provide an opportunity through which the business will be able to get better results. The research has certain assumption as it looks at looking towards having increased role of management information system and change management but doesn’t look towards integrating the same with the different model that performance measurement system uses. The research has been mainly developed for the organization as it looks at analyzing the different facets aspects through which performance measurement system can be developed and will look at including most of the things like globalization, changing nature of business, technology and so on. This will thereby help to find out the manner in which performance measurement system has been developed and will highlight the different aspect through which better results is achieved. The research shows that the performance measurement system is developed and is based on management information system and change management so that better facilities can be developed and the business is in a place through which better development and usage of opportunities becomes possible so that business grows in a better way. CBP. 2010. Literature Review on Performance Measurement and Management. The Centre for Business Performance, Cranfield School of Management The research looks to focus on the different aspects and facets of performance measurement which helps the business to find out the different dimensions through which better results can be achieved. The research focuses on the different dimensions of performance measurement system through which changes can be made and the project delivery system can be developed so that better results are achieved. The research mostly focuses on the manner in which organization focuses on the aspect of developing business through the development of performance measurement system so that better results can be achieved through the use of different resources. The research has assumed the assumption that the research focuses on past researches and looks towards finding out patterns through which performance measurement system can be developed so that better results can be achieved. The research thereby looks towards bringing forward different facets and dimensions through which the research looks at analysing the different components and determinants which impacts performance measurement system. This thereby helps to highlight the manner in which performance measurement system can be developed based on different needs and requirements of the business. Zarco, A., Martinez-Ruiz, M. & Benito, O. 2006. Performance Measurement System (PMS) Integration into New Product Innovation: A Literature Review & Conceptual Framework. Academy of Marketing Science Review, 9, 1 -18 The research looks towards finding out the manner in which performance measurement system when implemented within the organization provides an opportunity to develop new product process development. The process also provides a framework where major changes and ramifications can be made so that the business is able to find out the different dimensions through which better use of resources can be achieved. The assumption which has been witnessed while carrying out the research is that it uses past research and data and looks at transforming the manner in which performance measurement system helps to develop the required parameters through which better results and efficiency is achieved. The research is mainly based on the analysis that it will be helpful for the organization as it will help to develop the performance measurement system through which better results can be achieved. This thereby provides an imperative through which better decisions can be taken. The research also brings about the manner in which developing and integrating the performance management system will help to transform the manner in which works and will help to develop the fundamentals through which better results will be achieved. Analysis of the different literature review The analysis of the literature review shows that most of the research of performance measurement system focuses on organizations and looks at developing a system through which better results can be achieved. The research mostly focuses on the manner in which organization focuses on the aspect of developing business through the development of performance measurement system so that better results can be achieved through the use of different resources. In addition to it the research focuses mostly on past research and data which thereby looks at making it difficult for the supply chain to develop their overall parameters. The literature review have been carried out from the perspective of the organization and looks at focusing on the aspect of creating and developing a framework through which better results for performance measurement can be achieved in the field of supply chain. The analysis of the different research also brings forward the manner in which development of performance measurement system will help to use the different resources in a better way. This thereby provides an imperative through which better decisions can be taken. The research also brings about the manner in which developing and integrating the performance management system will help to transform the manner in which works and will help to develop the fundamentals through which better results will be achieved. This will thereby help to develop and transform the manner in which the business will be able to bring and transform the manner in which different operational aspect are looked at and will thereby help to formulate strategy through which better results will be achieved. The research thereby looks towards bringing forward different facets and dimensions through which the research looks at analysing the different components and determinants which impacts performance measurement system. This thereby helps to highlight the manner in which performance measurement system can be developed based on different needs and requirements of the business. The overall perspective will thereby help to transform and bring about a change in the manner business works and will help to improve the operational aspect in all direction. References CBP. 2010. Literature Review on Performance Measurement and Management. The Centre for Business Performance, Cranfield School of Management Nudurupati, S., Bititci, U., Kumar, V. & Chan, F. 2010. State of Art Literature Review on Performance Management. Computers & Industrial Engineering. 1-12 Striteska, M. & Spickova, M. 2012. Review & Comparison of Performance Management System. Journal of Organizational Management Studies, 1 – 13 Sarode, A., Sunnapwar, V. & Khode, P. 2009. A Literature Review for Identification of Performance Measures for Establishing a Framework for Performance Measurement in Supply Chains. The International Journal of Applied Management and Technology, 6 (3), 241 – 273 Zarco, A., Martinez-Ruiz, M. & Benito, O. 2006. Performance Measurement System (PMS) Integration into New Product Innovation: A Literature Review & Conceptual Framework. Academy of Marketing Science Review, 9, 1 -18 Read More