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Performance Management Systems and Strategies by Dipak Kumar Bhattacharyya

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EVOLUTION OF STRATEGIC PERFORMANCE MANAGEMENT

Strategic management, as a separate discipline, has emerged only in the 20th century. It is only at this stage, we have started looking at performance management from strategic viewpoint. Browsing through, it is possible to understand he linkage between the strategic, operational, and the individual level performance management. The chronological evolution of strategic performance management is documented in subsequent paragraphs.

During the 1920s, we used to focus on traditional performance measures, mainly relating it to financial ones. This is particularly tracked to the development of cost accounting during this period. With financial measures only, it was naturally not possible to track holistic ...

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