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

Describe job openings in advertising in a global scale, Compare local Ohio ...

Compare local Ohio advertising jobs to job openings in advertising in a global scale sumerize there result.

Management , Management Management can be elucidated as an art or scie...

Management Management can be elucidated as an art or science, (however, it is  combination of  art and science) of getting things completed by the people, by planning coordina

Describe maintain service quality in the expanded markets, Evaluate whether...

Evaluate whether or not Shangri La Hotel's heavy investment in employee development yields a profitable return to the company. Evaluate Shangri La Hotel at maintain service quality

Level capacity plan, Level Capacity Plan The inventory size is varied ...

Level Capacity Plan The inventory size is varied keeping the workforce size and utilization of work constant. The number of workers ( working size) is kept constant throughout

Describe the importance of reliability in the selection, Define and discuss...

Define and discuss the importance of reliability in the selection process.

Explain type of franchise network, Why is it that small businesses like Col...

Why is it that small businesses like Cold Stone Creamery are at a disadvantage as they pursue non-Web-based international expansion strategies? What other international markets is

Explain in a cellualr network advancement cells must use, In a cellualr net...

In a cellualr network advancement cells must use the same or nearly the same frequencies for their voice signal channels in order to work properly?

Internal factors - factor affecting productivity improvement, Internal Fact...

Internal Factors - Factors affecting productivity improvement These are the factors which may be modified by the company and may, in themselves, be sub-divided into two catego

How much should the father deposit at the end of each year, On the day his ...

On the day his son was born, a father decided to establish a fund for his son's college education. The father wants the son to be able to withdraw $4000 from the fund on his 18th b

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