Modern Tools for Performance Measurements
Swiss Management Center (SMC) University
December 11, 2011
This paper looks upon new methods, standards, and performance measurements that are required of companies in today’s competitive market environment. Older and traditional methods seem to fail in measuring performance with the market structure that currently rules the market. The essence of these measurements are being modifies and they are being pushed to go from accounting-based toward a rather economic-oriented framework. New economic-based measures, such as economic value added (EVA), are replacing the more traditional measures such as earning-per-share. Activity-based costing (ABC), the Balanced Scorecard, and Economic Value Added (EVA) are the three frameworks discussed throughout this paper as the new measures.
Number of Pages in PDF File: 9
Keywords: Performance measurements, Economic value added (EVA), Activity-based costing, Balanced scorecardworking papers series
Date posted: March 7, 2012
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