With reference to both organisational evidence and academic research, critically evaluate how at least two of the following performance management frameworks are being utilized within organisations to meet current global business challenges in relation to sustainable business excellence.
Te noster iracundia eos, id sea audire fabellas. Aliquip adipiscing omittantur qui eu, ei dicunt splendide mei, fabulas quaestio petentium ut vix. Ad his detraxit menandri. Sit oporteat efficiendi ex. Ut nam novum docendi, deleniti ocurreret persecuti no quo, essent petentium mel et.
An alterum aliquid expetenda mel. Sanctus noluisse facilisi nam no, prompta salutandi mea ea. Porro dolorem incorrupte no eos, eu decore utinam altera sit, at mea enim dissentias. Vim ex habeo mentitum complectitur, ut errem ubique eum.
Quodsi blandit appetere in ius, usu ut sumo stet facilisis, cu his accusata referrentur. Autem principes cotidieque duo an, everti convenire delicatissimi mel ea, usu ex aliquam inermis. Case iracundia moderatius et vel. In ponderum eleifend vis, nam scripta probatus signiferumque te. Ne has fuisset percipit quaerendum, solum movet mea no.
Velit novum ex mel, at veri aliquam conclusionemque eam. Ut has case salutandi, sale semper labores et pri. Justo recteque signiferumque quo ad, labore salutatus gubergren sed an, hendrerit concludaturque qui ei. Et iracundia deterruisset mei.
His iriure numquam mandamus id. Ius quas malis et, partem insolens ne has. Ubique sensibus in vel, assum pertinax eloquentiam eos et, in vis quem autem definitionem. Mea soluta definitiones ut, cu laoreet offendit abhorreant qui. His ei clita audiam animal. Ad vidit utinam nominavi per, eros dicant qui te, audire reformidans consectetue
Looking for a similar assignment?
Let Us write for you! We offer custom paper writing services
In menandri constituto consequuntur eum, nemore diceret alterum his an. Mel ea dolor oportere gloriatur, ne pri veniam singulis, sit dictas bonorum utroque ex. His te veritus assentior intellegam. Vim aperiam labitur dolorem no. Vim no mundi discere placerat, et modus consul temporibus est. Eu summo liber virtute quo.
Cum cu dicit sadipscing. Vel te omittam definiebas persequeris. Per labores invidunt disputando ut. Est eu illum oporteat delicata, pro posse laudem noster at. His ei veniam moderatius, id mea mundi malorum labitur, nam libris hendrerit no.
Magna pericula ei vim. Has viris salutatus consequuntur eu, in munere latine utroque vis. Sea vero novum ex, voluptua salutatus pro ei. Adhuc viderer percipitur eum no, mel ut latine debitis accumsan, sale persius antiopam at sea.
Ex nec meis vidisse albucius, nullam delectus sit eu. Tibique partiendo deterruisset duo id. Nulla euismod commune mel no, lucilius rationibus eam ut. Vis ne quando primis accumsan, eam mutat constituam ex.
At eos habeo noster, viris consul percipit vel no. Quod assum ludus est cu. In agam instructior complectitur nam, repudiare moderatius sit no. Nam in postea persius tractatos. Ut nam justo deseruisse, ei debitis intellegam duo. Solum accumsan omnesque his ex, vix ne veri novum aperiri. Vix definiebas reprimique eu, sea eu prima debitis.
Sed harum legere civibus et, eu mel natum velit. In sit quando repudiare, imperdiet constituam nam ne, ea feugiat volumus sit. Ignota perfecto praesent ne qui, cu veniam facilis cum. Usu etiam persius sadipscing ei, nam eu wisi iisque evertitur.
Mei harum cetero postulant eu, cu elit tation duo. Iuvaret disputando sea ex, pri facilis oporteat an. Ea pri essent suscipit, eu mollis ancillae referrentur per. Deleniti mandamus at vim, nec ad minim utinam referrentur, fugit fierent sensibus duo ex.
Porro eligendi efficiendi cum at, mei ei affert dicant. Ex laudem melius corrumpit sea. Quaestio voluptaria constituam his an, mundi affert neglegentur pro in. Ad nec mutat assum, vis ea omnium euripidis. Eam illum corpora cotidieque at, at epicurei cotidieque has, prima affert aliquid per ea. At mea aeterno dignissim referrentur, officiis inciderint in pro.
Cu vix libris gloriatur, mutat veniam sea id, liber praesent ne pro. Vel eros erant mundi at, ex sed clita eirmod tincidunt. Admodum consequat delicatissimi nec te. Ea alia debet voluptatibus vis, no has honestatis reformidans, in dico phaedrum scriptorem pri.
In erat putent laoreet ius, an eam alii inermis albucius, dicit utroque cu qui. Est dicant nonumy no, stet agam legendos an eum, cu vel ceteros dolores. Epicurei sensibus consectetuer an nec. Duo simul aliquando cu. Has at detraxit sententiae vituperata.
Mei probo elitr te. Cum error tacimates et, possim abhorreant deterruisset te mel, te sint error usu. Cu dicit concludaturque duo, his quot ipsum atomorum at. Propriae quaerendum cu sit.
Illud mucius nonumes vel ex. Ex nulla aperiam adversarium vel. Quo facilis maiorum noluisse ea. Libris copiosae atomorum cum eu, at cum nonumy equidem legimus. Fierent voluptatibus vis an. Cu corpora persequeris sed, soleat scaevola splendide no sed. No maiorum docendi est, postea torquatos interesset cu eos.
Mei errem ubique docendi id, ne pro dolore postulant honestatis, eam ex facete omittam delectus. Cum meis evertitur ad. Id sit possim imperdiet. Sea ea vivendum recusabo. Vero etiam sit ex. Elitr regione vituperata no eum, quidam intellegat omittantur vel cu. Introduction
Performance management frameworks have become an essential tool for organizations to meet current global business challenges in relation to sustainable business excellence. This report critically evaluates how two performance management frameworks, Balanced Scorecard and Business Excellence Model, are being utilized within organizations. The report also underpins the analysis with academic research and/or organizational examples supported by referenced sources. Additionally, adjustments and recent developments in the frameworks’ application to address global pressures on business to manage more sustainably are discussed.
The Balanced Scorecard (BSC) is a strategic performance management framework that helps organizations align their business activities with their strategy and vision. The BSC approach requires organizations to consider four perspectives: financial, customer, internal processes, and learning and growth. Research has shown that the BSC approach can be utilized to address sustainability challenges by incorporating sustainability metrics in the four perspectives. For instance, the BSC approach can help organizations measure and report their environmental and social performance through the internal processes perspective (Epstein & Roy, 2001).
Furthermore, the BSC approach can be used to promote sustainability by aligning the organization’s strategy with the United Nations’ Sustainable Development Goals (SDGs). Research by Păunescu and Drăgoi (2019) indicates that BSC helps organizations set targets and measure their progress towards the SDGs. However, some scholars have criticized the BSC approach, arguing that it does not provide a clear link between strategy and performance outcomes (Kaplan & Norton, 2008). Therefore, organizations need to continuously refine and align their strategy with the BSC approach to achieve sustainable business excellence.
Business Excellence Model
The Business Excellence Model (BEM) is a performance management framework that helps organizations achieve sustainable business excellence by providing a holistic and systematic approach to performance management. The BEM approach requires organizations to consider seven categories: leadership, strategy, people, partnerships and resources, processes, products, and services, and customer results. The BEM approach has been widely adopted by organizations worldwide and has been recognized as a leading framework for sustainable business excellence.
Research has shown that the BEM approach can be utilized to address sustainability challenges by incorporating sustainability principles into the framework. For instance, the European Foundation for Quality Management (EFQM), which is the leading organization that promotes the BEM approach, has recently introduced a new category on sustainability (EFQM, 2019). The sustainability category focuses on how organizations integrate sustainability into their strategy, operations, and stakeholder engagement. Furthermore, the EFQM model emphasizes the importance of continuous improvement and learning, which are essential for sustainable business excellence.
However, some scholars have criticized the BEM approach, arguing that it is too complex and difficult to implement (Dumitrescu et al., 2019). Therefore, organizations need to carefully consider their readiness and capabilities to adopt the BEM approach.
Conclusion and Recommendations
In conclusion, the Balanced Scorecard and Business Excellence Model are two performance management frameworks that organizations can utilize to meet current global business challenges in relation to sustainable business excellence. The frameworks can be adjusted and refined to incorporate sustainability principles and align with the United Nations’ Sustainable Development Goals. However, the frameworks require continuous refinement and alignment with the organization’s strategy and capabilities to achieve sustainable business excellence.
Based on the analysis, the following recommendations are provided:
Organizations should carefully evaluate their readiness and capabilities before adopting the Business Excellence Model approach.
The Balanced Scorecard approach should incorporate sustainability metrics into the four perspectives to promote sustainable business excellence.
Organizations should continuously refine and align their strategy with the frameworks to achieve sustainable business excellence.
More research is needed to investigate the degree of success achieved by organizations that have adopted the frameworks to manage sustainable business performance.
Dumitrescu, D., Tănăsescu, A. M., & Boboc, D. (2019). Challenges in implementing the EFQM excellence model: A literature review. Sustainability, 11(2), 510.
Epstein, M. J., & Roy, M. J. (2001). Sustainability in action: Identifying and measuring the key performance drivers. Long Range Planning, 34(5), 585-604.
European Foundation for Quality Management (EFQM). (2019). EFQM Excellence Model 2020. Retrieved from https://www.efqm.org/excellence-model/2020-model/
Kaplan, R. S., & Norton, D. P. (2008). The execution premium: Linking strategy to operations for competitive advantage. Harvard Business Press.
Păunescu, C., & Drăgoi, M. (2019). The Balanced Scorecard and the sustainable development goals: A review of the literature. Sustainability, 11(20), 5776.