State of the art literature review on performance measurement

  • Authors:

  • S. S. Nudurupati;U. S. Bititci;V. Kumar;F. T. S. Chan

  • Affiliations:

  • Business School, Manchester Metropolitan University, 2.08c, Aytoun Building, Manchester M1 3GH, UK;DMEM, University of Strathclyde, James Weir Building, 75 Montrose Street, Glasgow G1 1XJ, UK;Department of Management, DCU Business School, Dublin City University, Dublin 9, Ireland;Department of Industrial and Systems Engineering, The Hong Kong Polytechnic University, Hung Hom, Hong Kong

  • Venue:
  • Computers and Industrial Engineering
  • Year:
  • 2011

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Abstract

The performance measurement revolution started in the late 1970s with the dissatisfaction of traditional backward looking accounting systems. Since then the literature in this field is emerging. Most of the focus was on designing performance measurement system (PMS), with few studies illustrating the issues in implementing and using PMS. Although Management Information Systems (MIS) and change management are important enablers of PMS, their role is not very well understood. Hence the objective of this paper is to review literature on the role of MIS and change management throughout the lifecycle of performance measurement, i.e. design, implementation and use stages. This paper not only discusses the role of MIS and change management throughout PMS lifecycle but also discusses PMS in the context of emerging business environment such as globalization, servitization, and networking in the context of multi-cultural environment. Finally it identifies research challenges for PMS in the emerging business environment.