Exploring the art of building a strong performance management system chain: How firms in Estonia and Finland optimize organizational performance

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

This research paper analyzes how performance management systems (PMS) affect organizational performance by surveying respondents from an eclectic range of Estonian and Finnish firms. PMS initiatives often fail because of their multiple layers, which form a chain that presents multiple breakage opportunities. PMS at a strategic level most significantly elevated organizational performance. Strengthening a PMS chain increased the chances of the PMS exercise succeeding, therefore managers are advised to achieve high performance by checking that all key characteristics are present to construct a strong PMS chain.

Originality/value

The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2021), "Exploring the art of building a strong performance management system chain: How firms in Estonia and Finland optimize organizational performance", Strategic Direction, Vol. 37 No. 5, pp. 31-33. https://doi.org/10.1108/SD-03-2021-0021