Frameworks for developing performance measures, Operation Management

Assignment Help:

Frameworks for Developing Performance Measures 

There are a number of approaches which will be described here in broad terms: 

  • The Kaplan and Norton balanced scorecard framework
  • Oregon productivity matrix
  • Sink and Tuttle strategic matrix
  • The Fitzgerald model
  • Carl Thor 'family of measures'
  • Curtis and Kastner stakeholder model
  • Theory of constraints (TOC)
  • Neely and Adams performance prism
  • Benchmarking.

 

At first glance, you may be thinking, why are there so many approaches and methodologies? Isn't there a best approach? The answer is no, there isn't one single best approach, at least not yet.

Each approach provides its own unique perspective. Each approach is valid and in its own way provides management with a lens with which to examine a particular situation.


Related Discussions:- Frameworks for developing performance measures

Explain technology helps prevent or solve crimes, Identify and post 8 ways ...

Identify and post 8 ways that technology helps prevent or solve crimes and 8 ways that technology has made crimes easier for criminals.

Describe the main sources of destructive fires, Identify and explain the ma...

Identify and explain the main sources of destructive fires and associated preventive measures.

Explain calculated values in descending order on the same, Create a procedu...

Create a procedure in VBA to do the following actions: -Create a linear series of numbers starting at 1 (e.g. 1, 2, 3,) -Display a Message Box asking if you'd like to calculate ano

Explain ethics becomes less practical, Which among the following frameworks...

Which among the following frameworks of ethics becomes less practical with an increase in the number of people, animals, etc. that could be affected by decisions made?

Explain what is the current capacity flow chart for cpc, Define the product...

Define the product you will be offering at College Pretzel Company (CPC) in detail. Create any necessary documentation such as an engineering drawing or a bill of material for the

Explain what is the role of participation in goal setting, What is the role...

What is the role of participation in goal setting? Answer Participation is positively correlated with performance Participation provides more goal clarity Participation

Which selection criteria do you think would be most valuable, Which selecti...

Which selection criteria (personal interview, employment test, assessment center) do you think would be most valuable for predicting effective job performance for a college profess

Effect of statistical process control, Effect of Statistical Process Contro...

Effect of Statistical Process Control The essence of this approach is that, having set up a process and established that it is stable, sample measurements of the process outpu

Activities relating to production system designing, Activities Relating to ...

Activities Relating to Production System Designing Decision relating to the production system design is the firm and foremost activity of the production management. This activi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd