Performance Measurement

All high-performance organizations,whether public or private, are, and must be, interested in developing and deploying effective performance measurement and performance management systems, since it is only through such systems that they can remain high-performance organizations.
Common performance measurement and management strategies implemented in organizations include the Balanced Scorecard (BSC), Total Quality Management (TQM), the Malcolm Baldrige Award Framework. Compare and contrast these performance measurements and give a historical account of each and the rationale for its introduction. Why has the Balanced Scorecard (BSC) stood the test of time, and has become popular in recent years as a performance measurement and management system compared to other performance measurement strategies. Why do you think a performance measurement system like the balanced scorecard (BSC)will be a right choice to improve performance of an organization like a pension fund?

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