Strathprints Home | Open Access | Browse | Search | User area | Copyright | Help | Library Home | SUPrimo

Performance measurement systems in SMEs : a review and a research agenda

Garengo, P. and Biazzo, S. and Bititci, U. (2005) Performance measurement systems in SMEs : a review and a research agenda. International Journal of Management Reviews, 7 (1). pp. 25-47. ISSN 1460-8545

Full text not available in this repository. (Request a copy from the Strathclyde author)

Abstract

In recent years, literature has identified the increasing complexity of small and medium-sized enterprises (SMEs) and highlighted their sensitivity to differences in managerial culture and management systems. Research has shown that performance measurement systems (PMSs) could play an important role in supporting managerial development in these companies. In this paper, the literature on performance measurement in manufacturing SMEs is reviewed and the diffusion, characteristics and determinants of performance measurement in SMEs are analysed. Shortcomings in the performance measurement systems are highlighted and the many factors that seem to constrain PMSs in manufacturing SMEs are defined, e.g. lack of financial and human resources, wrong perception of the benefits of PMS implementation, short-term strategic planning. Moreover, using dimensions defined according to the information found in the literature, two PMS models specifically developed for SMEs are compared with generic PMS models. The comparison points out an evolution in PMS models over time; in particular, the models developed in the last 20 years are more horizontal, process-oriented and focus on stakeholder needs. However, it is not clear whether these changes are due to the evolution of the generic models or an attempt to introduce models suited to the needs of SMEs. To clarify this matter and better to understand PMSs in SMEs, further theoretical and empirical studies are necessary. The main issues still requiring investigation are listed in a research agenda at the end of the paper.

Item type: Article
ID code: 3890
Keywords: performance measurement, performance management, small and medium sized enterprises, stakeholders, design engineering, Management. Industrial Management, Engineering (General). Civil engineering (General), Strategy and Management, Decision Sciences(all), Management of Technology and Innovation
Subjects: Social Sciences > Industries. Land use. Labor > Management. Industrial Management
Technology > Engineering (General). Civil engineering (General)
Department: Faculty of Engineering > Design, Manufacture and Engineering Management
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 24 Aug 2007
    Last modified: 04 Sep 2014 13:01
    URI: http://strathprints.strath.ac.uk/id/eprint/3890

    Actions (login required)

    View Item