This book presents an analysis and a critical discussion on
performance management systems. It seeks to advance the current
state of knowledge in the subject by introducing a holistic
performance management system - the loosely coupled performance
management system. This new system presents a framework to leverage
the systemic relationships among already established performance
management mechanisms. The author contends that loosely coupled
performance management systems fulfill two different objectives,
namely - they assure control and foster innovation. Such a
comprehensive approach to management control provides managers of
economic organizations with an overarching architecture for the
design, diagnosis and effective use of performance management
systems.
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