The myth of shareholder value

Wednesday, 9 August 2017

Is there a conflict between the pursuit of shareholder value and sustainable economic growth? In my opinion there certainly is. Recent scandals like those of Enron and WorldCom have shown the economic world that too much focus on shareholder value may well threaten a company’s continuity. As a consequence, the important position shareholder value has […]

Forget value based management and the balanced scorecard!

Wednesday, 9 August 2017

Where Bob Anthony has had a big role to play in the field of management accounting and control in the seventies, eighties and the beginning of the nineties, nowadays it is Ken Merchant who is the person in this area. His book ‘Modern Management Control Systems’ from 1998 and its successors have a lasting impact […]

Is your organisation ready for beyond budgeting?

Wednesday, 9 August 2017

Traditionally, budgeting is considered to be one of the most important management tools to steer the organisation, evaluate its performance and motivate its people. However, criticism of the budgeting process has increased considerably in the past decade. An alternative to budgeting known as ‘beyond budgeting’ has received a lot of attention in recent management literature. […]

Performance Management Analysis

Wednesday, 9 August 2017

Researchers are increasingly interested in the relation between behaviour and the use of performance management systems. It is important to study this relation because the use of performance management improves performance driven behaviour, and consequently the results of an organisation. Recently a tool called the performance management analysis was developed, which can help an organisation […]

The role of behavioural factors and national cultures in creating effective Performance Management Systems

Wednesday, 9 August 2017

Many organizations install performance management systems to improve their results. In practice many organizations have difficulty implementing a PMS because the influence of behavioural factors and national cultures is not taken into account enough. This article describes the findings of a study into the role of behaviour and national culture in setting up an effective […]

Managing performance for improved productivity

Wednesday, 9 August 2017

A review of the article ‘Performance management analysis: a case study at a Dutch municipality (2006)’.

Building employee trust in Performance Management

Wednesday, 9 August 2017

An important precondition for a successful implementation of a performance management system is to involve employees in the development and implementation of the new system. In order to obtain employees’ participation, management has to first gain their trust because building trust in the workplace is crucial to successful change and organizational performance. In this article, […]

Is Performance Management applicable in developing countries?

Wednesday, 9 August 2017

There is not much know yet about the factors influencing successful performance management in organisations in the developing world. In this article the status of performance management in general in developing countries is first discusses, with a focus on African organizations. Then, a case study of an implementation of performance management in a Tanzanian organisation […]

The effects of Performance Management on the organisational results of a bank

Wednesday, 9 August 2017

Research shows that the use of a performance management system leads to better organisational results. There is however little research into the actual mechanisms which cause this positive effect. This article describes the results of a study that explored the impact and working of a new performance management system in a branch of a bank, […]

Quest for Balance

Friday, 7 July 2017

“André de Waal has produced a rigorous study of the behavioral and organizational factors that influence implementation success for new performance management systems. It is an important addition to the literature for its focus on recognizing and overcoming the barriers to introducing new management systems.” Robert S. Kaplan (author of The Balanced Scorecard) Performance management […]