Performance management system:evolution and re-evaluation

Business organisations are constantly faced with external and internal forces that drive them to change. These changes have had various impacts on the use of performance management system. With the new way of doing business, the information derived from traditional management control systems is clai...

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Main Authors:	Mohd Alwi, Norhayati, Abdul Khalid, Siti Nabiha
Format:	Article
Language:	English
Published:	Trisakti University 2006
Subjects:	HF5601 Accounting. Bookkeeping HJ9701 Public accounting
Online Access:	http://irep.iium.edu.my/59545/ http://irep.iium.edu.my/59545/1/Norhayati%20Nabiha%202006.pdf

id	iium-59545
recordtype	eprints
spelling	iium-595452018-04-20T00:53:20Z http://irep.iium.edu.my/59545/ Performance management system:evolution and re-evaluation Mohd Alwi, Norhayati Abdul Khalid, Siti Nabiha HF5601 Accounting. Bookkeeping HJ9701 Public accounting Business organisations are constantly faced with external and internal forces that drive them to change. These changes have had various impacts on the use of performance management system. With the new way of doing business, the information derived from traditional management control systems is claimed to be too aggregated, too late and too distorted and it could no longer be an effective mechanism to govern an organisation (Johnson & Kaplan, 1987). Thus, various new performance management system and framework (PMS) such as balanced scorecard, linked structure model and economic value added, have been advocated and claimed to be able to address the needs of contemporary organisations. Thus in this paper, a review of the development of performance management system and evaluation of the efficacy of both the traditional and contemporary performance systems are undertaken. Criticisms of the traditional functional measures that arise in the mid 1980s which lead to the introduction of several prominent performance management frameworks are discussed. The paper continues with re-evaluation on the contemporary performance measurement frameworks with the objectives of ascertaining their applicability to replace or to supplement the traditional performance measures. Finally, discussion on critical issues related to performance management that might require reformations are addressed in the final section of this paper. Trisakti University 2006-08 Article PeerReviewed application/pdf en http://irep.iium.edu.my/59545/1/Norhayati%20Nabiha%202006.pdf Mohd Alwi, Norhayati and Abdul Khalid, Siti Nabiha (2006) Performance management system:evolution and re-evaluation. Indonesian Management & Accounting Research, 5 (2). pp. 46-59. ISSN 1411-8858 E-ISSN 2442-9724
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HF5601 Accounting. Bookkeeping HJ9701 Public accounting
spellingShingle	HF5601 Accounting. Bookkeeping HJ9701 Public accounting Mohd Alwi, Norhayati Abdul Khalid, Siti Nabiha Performance management system:evolution and re-evaluation
description	Business organisations are constantly faced with external and internal forces that drive them to change. These changes have had various impacts on the use of performance management system. With the new way of doing business, the information derived from traditional management control systems is claimed to be too aggregated, too late and too distorted and it could no longer be an effective mechanism to govern an organisation (Johnson & Kaplan, 1987). Thus, various new performance management system and framework (PMS) such as balanced scorecard, linked structure model and economic value added, have been advocated and claimed to be able to address the needs of contemporary organisations. Thus in this paper, a review of the development of performance management system and evaluation of the efficacy of both the traditional and contemporary performance systems are undertaken. Criticisms of the traditional functional measures that arise in the mid 1980s which lead to the introduction of several prominent performance management frameworks are discussed. The paper continues with re-evaluation on the contemporary performance measurement frameworks with the objectives of ascertaining their applicability to replace or to supplement the traditional performance measures. Finally, discussion on critical issues related to performance management that might require reformations are addressed in the final section of this paper.
format	Article
author	Mohd Alwi, Norhayati Abdul Khalid, Siti Nabiha
author_facet	Mohd Alwi, Norhayati Abdul Khalid, Siti Nabiha
author_sort	Mohd Alwi, Norhayati
title	Performance management system:evolution and re-evaluation
title_short	Performance management system:evolution and re-evaluation
title_full	Performance management system:evolution and re-evaluation
title_fullStr	Performance management system:evolution and re-evaluation
title_full_unstemmed	Performance management system:evolution and re-evaluation
title_sort	performance management system:evolution and re-evaluation
publisher	Trisakti University
publishDate	2006
url	http://irep.iium.edu.my/59545/ http://irep.iium.edu.my/59545/1/Norhayati%20Nabiha%202006.pdf
first_indexed	2023-09-18T21:24:22Z
last_indexed	2023-09-18T21:24:22Z
_version_	1777412092918235136

Performance management system:evolution and re-evaluation

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