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Related Experiment Videos

Proactive performance measures.

D L Rivers1

  • 1Johnson & Johnson Professional Inc., USA.

Hospital Materiel Management Quarterly
|July 1, 1999
PubMed
Summary
This summary is machine-generated.

Implementing proactive performance measures alongside financial metrics enhances competitive strategy. Careful selection and use of these leading indicators are crucial for business progress and success.

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Area of Science:

  • Business Administration
  • Management Science
  • Organizational Behavior

Background:

  • Traditional financial performance measures are widely used but have limitations.
  • Proactive (leading) performance measures offer complementary insights.
  • Effective implementation is key to leveraging these measures.

Purpose of the Study:

  • To highlight the importance of proactive performance measures.
  • To advocate for their careful selection and implementation.
  • To demonstrate their value in enhancing competitive strategy.

Main Methods:

  • Conceptual analysis of performance measurement systems.
  • Discussion of the integration of proactive and financial measures.
  • Emphasis on strategic selection and implementation processes.

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Main Results:

  • Proactive performance measures serve as a valuable tool for organizational progress.
  • Their combination with financial measures strengthens a company's competitive capabilities.
  • Careful selection and implementation are critical for realizing benefits.

Conclusions:

  • Adopting well-chosen proactive performance measures is essential for strategic advancement.
  • These measures, when integrated with financial metrics, significantly boost competitive advantage.
  • Effective management of performance measurement systems is vital for business success.