Integrated measuring system
The use of financial measures in strategic management is subject to numerous limitations.
Therefore, many managers now returns to the need for a broader look at the issue of application of indicators to assess the enterprise (not only of the financial situation, but also the efficiency and effectiveness of all processes).
Integrated measurement systems are a tool for extending the scope of strategic analysis beyond the narrowly understood area of financial analysis.
Examples of integrated measurement systems
The most famous and popular are:
- Balanced scorecard
- EFQM model
- Managerial dashboard.
They take into account a broad set of measures and indicators that go beyond the narrow - financial - look at the company. They allow to make broad and objective assessment and analysis of the company.
- Tierney, B., Crowley, B., Gunter, D., Lee, J., & Thompson, M. (2001). A monitoring sensor management system for grid environments. Cluster Computing, 4(1), 19-28.