$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Business Measurement Model Strategy And Innovation

tag 0 Download5 Pages 1,161 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT


Discuss about the Business Measurement Model Strategy and Innovation.



According to Moynihan & Pandley (2010), performance management is the process of aligning systems, employees and organizational resources to the organization’s strategic goals. It includes activities ensuring consistent achievement of targets in an efficient and effective manner.  Operations management, on the other hand, involves controlling the whole production process so as to control efficiency in the organization regarding the provision of goods and services, (Subramanian & Ramanathan, 2012). Performance management in the context of operations management, therefore, focuses on the performance of employees, departments, entire organization and process of creating goods and services within the firm. It is used to refer to tools, activities, processes and programs that are applied by the company in the management of teams and departmental or individual performance.

Cost leadership: A company may have a target to reduce the costs of its product so as to make them more affordable to the customers, (Teece, 2010). This is cost leadership. It is a strategic objective that can be achieved through offering price cuts and customized products to enable low and middle-income families to afford them.

Differentiation objective: This is an objective that can be used by firms to make their goods and services unique, (Rathaermel, 2015). A company may make exclusive brands which are different from those of its rivals. This may make the firm more competitive as compared to other enterprises as it will be able to develop a market niche

Focus: A company with this objective can concentrate on customer satisfaction through provision of high-quality products at high prices, or cost reduction by adopting cost leadership, (Teece, 2010). A firm which utilizes cost leadership may have an objective of focusing on low and middle-income families, so as to gain a competitive edge.

Operational excellence goal: A company may develop an objective of automating the production process so as to improve efficiency in its activities. This may enable it to develop cost leadership, (Guest, 2011). When the organization can provide goods at affordable prices, then it may achieve customer loyalty for its products.

Product leadership: This is an objective that enables a firm to provide superior products to the market. It can be accomplished through automation of the production process and utilizing the services of experienced personnel, (Gurman, 2011). This objective can also be used to achieve product differentiation.

Importance of performance management to ABC garments Ltd concerning;

Regular feedback enhances efficient communication in the organization. Performance management assists in determining the weaknesses and strengths of the enterprise, (Guest, 2011). This could be monitored regarding the machines available and the type of workforce in the firm. It also allows for a forum to exchange expertise and views in the business, (Guest, 2011).  Primarily, it gives the management of ABC a better understanding of the firm- whether the machines should be serviced, whether to employ more skilled staff or to adopt a particular technology so as to improve the operating system.


A Clear understanding of the job expectations.

When the subordinates and the managers have an explicit knowledge of the particular operations they should carry out, any complexities in the workplace can quickly be eliminated. Performance management may, therefore, enable ABC to hold each employee accountable for their actions. This will empower and clarify the responsibilities of each worker in the operating system, (Kamruzzaman, 2011). Also, performance management plans involve clear, precise, understandable and practical improvement in productivity and operations.

Through conducting this activity, the management of ABC Ltd can identify key areas of weaknesses so as to adjust in them. Some operations may be cash traps to the firm, (Pertusa-Ortega, Molina-Azorin &Claver-Cortes, 2010). Such transactions should be retrenched so as to reduce unprofitable expenditures. The company is also able to evaluate the key capabilities and weaknesses through evaluating its employees’ performance and the available machines, (Ullah, 2015). Cost reduction can also be achieved through risk management. The manager can identify possible risks that the business is exposed to and adjust to them in time before incurring losses.

Performance management will enable the management of ABC to identify the potential of every employee. This makes the management to stage the employee in appropriate positions that they can work inappropriately. It will encourage efficiency in the organization by reducing wastages in terms of time and resources, (Titacchi, Tonelli & Cagnazzo, 2010). Minimization of costs of operation will also be achieved, making the firm to be more profitable.

As explained by Gurman (2011), conducting performance appraisal enables a company to utilize the physical resources available in the environment optimally. These may include raw materials, technology, and gaps in the market.  Through conducting performance management, ABC Ltd can identify the training needs of its employees and train them appropriately so that they can obtain the relevant skills to use the recent technology in the market to promote its products. These may include social media marketing and e-commerce.

 Through performance measurement, the management is in a position to identify the effectiveness of devices and determine maintenance and replacement times. The management of ABC is also able to monitor the skills of its employees so as to ensure that the machines are being handled efficiently. Performance management is also an essential basis for determining training needs in the enterprise, (Guest, 2011).Whenever the ABC detects mishandling of machines, then it may be able to train the employees on the proper ways of handling the tools so as to increase productivity.



Gruman, J. A., & Saks, A. M. (2011). Performance Management and Employee Engagement. Human Resource Management Review, 21(2), 123-136.          

Guest, D. E. (2011). Human Resource Management and Performance: Still Searching for Some Answers. Human Resource Management Journal, 21(1), 3-13.          

Kamruzzaman, M. (2011). ABC Knit Dyeing & Finishing Mills Ltd (Falcon Group) (Doctoral Dissertation, Daffodil International University).          

Moynihan, D. P., & Pandey, S. K. (2010). The Big Question for Performance Management: Why Do Managers Use Performance Information? Journal of Public Administration Research & Theory, 20(4), 849-866.

Pertusa-Ortega, E. M., Molina-Azorín, J. F., & Claver-Cortés, E. (2010). Competitive Strategy, Structure and Firm Performance: A Comparison of the Resource-Based View and the Contingency Approach. Management Decision, 48(8), 1282-1303.          

Rothaermel, F. T. (2015). Strategic Management. New York, NY: Mcgraw-Hill.          

Subramanian, N., & Ramanathan, R. (2012). A Review of Applications of Analytic HierarchyProcess in Operations Management. International Journal of Production Economics, 138(2), 215-241.

Taticchi, P., Tonelli, F., & Cagnazzo, L. (2010). Performance Measurement and Management: A Literature Review and a Research Agenda. Measuring Business Excellence, 14(1), 4-18.

Teece, D. J. (2010). Business Models, Business Strategy and Innovation. Long Range Planning, 43(2), 172-194.          

Ullah, A. (2015).Garment Industry in Bangladesh: An Era of Globalization and Neo- Liberalization. Middle-East Journal of Business.


Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Business Measurement Model Strategy And Innovation. Retrieved from

"Business Measurement Model Strategy And Innovation." My Assignment Help, 2018,

My Assignment Help (2018) Business Measurement Model Strategy And Innovation [Online]. Available from:
[Accessed 09 April 2020].

My Assignment Help. 'Business Measurement Model Strategy And Innovation' (My Assignment Help, 2018) <> accessed 09 April 2020.

My Assignment Help. Business Measurement Model Strategy And Innovation [Internet]. My Assignment Help. 2018 [cited 09 April 2020]. Available from:

For years now, is providing affordable essay help to millions of students worldwide. Our essay assistance services have helped us in assisting students with even the toughest essay assignments. We take pride in the fact that we cater the best assistance to search terms like help me with my essay. We offer affordable services in the fastest way possible. For our fast delivering services, students trust us with their urgent essay assignment needs. Two of our most popular essay writing services are maths essay help and English essay help.

Latest Operations Samples

ORGA330 Managerial Skill Development

Download : 0 | Pages : 6

Answer: 1 The skill that has been selected is decision making skill I think that this is one of the very important skills that I will be requiring in the long run. I want to develop this skill because I think that this no one if the most important skill in order to teach to my ideal self. One of the skills that I want to achieve in this long run is the conflict resolution skill. In order to do this I have to concentrate over the skill of m...

Read More arrow

SBM2101 Operations Management

Download : 0 | Pages : 2
  • Course Code: SBM2101
  • University: Asia Pacific International College
  • Country: Australia

Answer: Introduction For understanding the key decisions of operations manager, I shall assume the identity of operations manager of an ecommerce retailer selling customized phone covers. The table below shows the ten key decisions that I will have to take in this position. Decision Factor Decision Design of products and services We shall be selling customized mobile covers by setting up an online retail store on S...

Read More arrow

ECAM109 Crisis Management And Aviation Security

Download : 0 | Pages : 5

Answer: Introduction The report throws light on analysing the different kinds of crisis management activities which are required to be undertaken by the Flower Airlines in managing the situation of crash that has taken place. The initial reaction of the CEO after the crash along with the different manners in which the crisis can be handled are required to be identified which will be helpful in treating the situation appropriately without any di...

Read More arrow

MGT5STR Strategic Management For ASX 200 Public Listed Company

Download : 0 | Pages : 11

Answer: Introduction Agribusiness is a major sector in Australia with contributing a substantial amount in the international investment and gross income of Australia. Dr. Corran McLachlan, who was one of New Zealand’s richest men, founded the A2 Milk Company in 2000. The organization was formerly known as A2 Corporation Limited that commercializes intellectual property associated with a2 milk products such as infant formula. It was later ...

Read More arrow

JNB250 Chartering And Broking

Download : 0 | Pages : 5

Answer: Comparison and Justification for the choice of best Voyage charter The overall recommendation for the widest emission has been made by consideration of the best combination of required expenses and Break-Even freight rate required to perform this voyage. Therefore, it is analysed from both options which rate is computed as less based on the given factors. As per the given background the overall for Task a it can be inferred that MV Ku...

Read More arrow

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits




Overall Rating



Our Amazing Features


On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.


Plagiarism Free Work

Using reliable plagiarism detection software, only provide customized 100 percent original papers.


24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.


Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.


Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

610 Order Completed

100% Response Time

Cheryl Zhao

PhD in Statistics

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

134 Order Completed

95% Response Time

Thomas Nelson

MS in Information Systems Technology with Specialization in Database Administration

New Jersey, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

440 Order Completed

99% Response Time

Jack Arens


London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

3076 Order Completed

99% Response Time

Emily Wei

Doctor of Philosophy (Ph.D) in Civil Engineering

Singapore, Singapore

Hire Me

FREE Tools


Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.


Essay Typer

Get different kinds of essays typed in minutes with clicks.


GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.


Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.


Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability




Your Approx Earning

Live Review

Our Mission Client Satisfaction

I hope I get good mark! I hope I get good mark!I hope I get good mark!I hope I get good mark!I hope I get good mark!I hope I get good mark!


User Id: 392150 - 08 Apr 2020


student rating student rating student rating student rating student rating



User Id: 194216 - 08 Apr 2020


student rating student rating student rating student rating student rating

Always impecable work. I super reccoment this service to anyone. The quality of work and agile delivery are the high points.


User Id: 396689 - 08 Apr 2020


student rating student rating student rating student rating student rating

this was an excellent assignment I cant understand how the assignments can differ in presentation, is it that some writers are trained and some are not.


User Id: 315260 - 08 Apr 2020


student rating student rating student rating student rating student rating
callback request mobile
Have any Query?