Introduction
You'll learn why relying solely on financial performance indicators creates blind spots in management decision-making, and explore five alternative measurement frameworks that address these limitations.
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In this lesson
- 0:00 Introduction to Alternative Performance Measurement
- 0:14 Why Financial Indicators Alone Fall Short
- 1:00 Problems with Relying on Financial Metrics
- 2:21 Building a Holistic Performance Framework
About this lesson
This lesson introduces the balanced scorecard, performance pyramid, building blocks model, activity-based management, and value-based management—all commonly tested as standalone topics in section B questions. You'll discover how these approaches incorporate non-financial factors like innovation, employee satisfaction, and sustainability to give you a more complete picture of organisational performance and long-term value creation. Understanding these models is essential for Advanced Performance Management, as they reflect how modern businesses need to look beyond profit to drive sustainable success.
Duration: 3m
Transcript
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