The Use of Nonfinancial Performance Measures and Their Relationship to Strategy
Title | The Use of Nonfinancial Performance Measures and Their Relationship to Strategy PDF eBook |
Author | Suresh Subbarao Kalagnanam |
Publisher | |
Pages | 474 |
Release | 1997 |
Genre | |
ISBN |
Non-Financial Performance Measures Disclosure, Quality Strategy, and Organizational Financial Performance
Title | Non-Financial Performance Measures Disclosure, Quality Strategy, and Organizational Financial Performance PDF eBook |
Author | Mohamed Omran |
Publisher | |
Pages | |
Release | 2019 |
Genre | |
ISBN |
We investigate the relationship between internal performance evaluation and the ability of external market participants to assess the effectiveness of management's quality strategy for a sample of 156 Australian manufacturing firms that link executive compensation to non-financial performance measures (NFPM).We find that for firms where management compensation is tied to non-financial performance measures, organizational financial performance, as measured by return on investment, has no significant direct association with the extent of disclosure of non-financial performance measures in the financial statements by Australian manufacturing firms. However, this suggests that the origination of a firm's non-financial performance measures indirectly and significantly affects the financial performance of an organization through the implementation of quality based strategy. Further, we find that manufacturing firms that place greater emphasis on quality strategy disclosed more information regarding non-financial measures in their annual reports, and that only for firms following a quality strategy, the disclosure of non-financial performance measures positively impact operating financial performance.
Performance Measurement and Management
Title | Performance Measurement and Management PDF eBook |
Author | Malcolm Smith |
Publisher | SAGE |
Pages | 316 |
Release | 2005-04-09 |
Genre | Business & Economics |
ISBN | 9781412907644 |
Management accountancy has a dynamic role to play in the competitive strategy of modern global businesses. This book sets out key strategic principles and then assesses how management accountancy can affect and direct these strategies. Engaging case studies reveal how theories and concepts translate into real business practice. Throughout, the book emphasizes: - how accounting initiatives can trigger assessment and improvement of performance management - the importance of managerial decision making to good business practice - how today's management accountancy measures against current research Written for advanced undergraduate, postgraduate and MBA students taking courses on management accounting and performance measurement and management, the book will be also of interest to management and business consultants, professional accountants and accounting academics.
The Use of Financial and Non-financial Measures in Manufacturing Firms
Title | The Use of Financial and Non-financial Measures in Manufacturing Firms PDF eBook |
Author | Maurice Gosselin |
Publisher | Québec : Faculté des sciences de l'administration de l'Université Laval, Direction de la recherche |
Pages | 33 |
Release | 2004 |
Genre | Business enterprises |
ISBN | 9782895242062 |
Control in an Age of Empowerment
Title | Control in an Age of Empowerment PDF eBook |
Author | Robert Simons |
Publisher | Harvard Business Review Press |
Pages | 64 |
Release | 2008-10-01 |
Genre | Business & Economics |
ISBN | 1633691551 |
In Control in an Age of Empowerment, Robert Simons explains how to give employees the freedom to innovate while protecting your firm from loose cannons. Using powerful examples, Simons shows how to apply four powerful management "levers" to balance autonomy with control: Traditional diagnostic control systems, Belief systems, Boundary systems, and Interactive control systems. Used in concert, these four levers give you the control you need--without sacrificing the creative thinking your company can't do without. Since 1922, Harvard Business Review has been a leading source of breakthrough ideas in management practice. The Harvard Business Review Classics series now offers you the opportunity to make these seminal pieces a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world.
Strategy, Choice of Performance Measures, and Performance
Title | Strategy, Choice of Performance Measures, and Performance PDF eBook |
Author | Wim A. Van der Stede |
Publisher | |
Pages | |
Release | 2011 |
Genre | |
ISBN |
We examine the relationship between quality-based manufacturing strategy and the use of different types of performance measures, as well as their separate and joint effects on performance. A key part of our investigation is the distinction between financial and both objective and subjective nonfinancial measures. Our results support the view that performance measurement diversity benefits performance as we find that, regardless of strategy, firms with more extensive performance measurement systems, especially those that include objective and subjective nonfinancial measures, have higher performance. But our findings also partly support the view that the strategy-measurement fit affects performance. We find that firms that emphasize quality in manufacturing use more of both objective and subjective nonfinancial measures. However, there is only a positive effect on performance from pairing a quality-based manufacturing strategy with extensive use of subjective measures, but not with objective nonfinancial measures.
The Balanced Scorecard
Title | The Balanced Scorecard PDF eBook |
Author | Robert S. Kaplan |
Publisher | |
Pages | 9 |
Release | 2005 |
Genre | Business planning |
ISBN |