Improvement of the Performance Prism and Combination with Performance Evaluation

Zusatztext

Master's Thesis from the year 2013 in the subject Business economics - Business Management, Corporate Governance, grade: 1.0, University of Applied Sciences Aalen (France Business School Clermont-Ferrand / HTW Aalen), course: International Business / Finance and Audit, language: English, abstract: After the glorious ascent of the Balanced Scorecard in the 80's, Neely, Adams and Kennerley developed in 2002 the Performance Prism as follower system of the Balanced Scorecard. The Performance Prism as a "second generation performance measurement system" claimed to adapt the advantages of the first generation systems but correct their shortcomings. The Performance Prism has the advantages of a multiple stakeholder recognition as well as a explicit strategy dimension. But Neely, Adams and Kennerley did not explain much how the Performance Prism can be applied to a single company department. This work tries to add value to the existing literature by the development of an departmental approach for the Performance Prism as well as an detailed way how to develop the departmental scorecard.

Autorenportrait

Erik Wödl was born in 1984 in Aalen (South Germany). In 2008 he graduated as Business Economist from the University of Applied Sciences Aalen (Germany). After two years in the controlling department of an medium sized enterprice he continued his acadmical career with studies to the Double Degree Master of International Business and Master of Finance and Audit at the University of Applied Sciences Aalen and the Ecole Supérieure de Commerce de Clermont-Ferrand (France).

Weitere Details