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Article: Are your performance measurement systems truly performing?
- Article from:
- CMA Management
- Article date:
- November 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 Society of Management Accountants of Canada. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Performance measurement systems that are well-designed, integrated in organizational practices through various uses, and periodically reviewed can contribute to the improvement of organizational performance. Implementing systems is only the first step--having them reach their full potential is the real challenge.
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The importance for organizations to adopt a set of suitable financial and non-financial performance indicators is now commonly recognized. Indeed, performance measurement systems (such as the balanced scorecard, stakeholder scorecard, key performance indicators scorecard, and the performance prism) play a key role in developing ...