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Strategic Performance Measurement System - Doc

   

Added on  2021-05-31

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Running head: STRATEGIC PERFORMANCE MEASUREMENT SYSTEMStrategic Performance Measurement SystemName of the studentName of the UniversityAuthor note

STRATEGIC PERFORMANCE MEASUREMENT SYSTEM1Executive SummaryThe main aim of this report is to discuss about the nature of strategic performancemeasurement system. It discusses about the issues in relation to strategic performancemeasurement system and its implications on organisation.

STRATEGIC PERFORMANCE MEASUREMENT SYSTEM2Table of ContentsIntroduction................................................................................................................................3Nature of Strategic Performance Measurement System............................................................3Issues of Strategic Performance Measurement System.............................................................4Implications of SPMS on strategic alignment............................................................................6Conclusion:................................................................................................................................7References:.................................................................................................................................9

STRATEGIC PERFORMANCE MEASUREMENT SYSTEM3IntroductionStrategic Performance Measurement can help the companies in achieving success andit can help in driving strategy execution. Strategic Performance Measurement System(SPMS) can lead to improvements of the performance of the employees and this approachcan help in making the strategic goals transparent to that of the line executives. It helps inproviding a mechanism that can help in monitoring the progress towards that of the goals bymaking use of intuitive performance measures (Hill, Jones and Schilling 2014). This reportdiscusses about the nature in relation to strategic performance measurement system and theissues that a multi-national company faces in relation to performance measurement. Thisreport elaborates on the implications of SMPS in the areas of strategic alignment along withthat of performance evaluation.Nature of Strategic Performance Measurement SystemStrategic Performance Measurement System makes use of information in order tobring about a positive change to the organisational culture and process. The relations betweenthe roles and the capabilities of that of strategic management system can help an organizationin achieving causality between the roles along with that of organizational resources. SPMSshould be implemented and it can help in the articulation of the strategy that can producebusiness results. It helps in the monitoring of the financial along with non-financial aspects inrelation to an organization (Wheelen et al. 2017). SPMS can help the organizations inbuilding organisational capabilities that can help them in sustaining competitiveness withinthat of the market. The organisations are making use of SPMS that can provide them withinformation that can help the organization in identifying strategies that can help them in theirgrowth within the industry (Slack 2015). Balanced scorecard refers to a performancemeasurement tool that is made use of by the managers for keeping track of the activities of

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