Performance Management Competitive Edge -----------------------------------------------------------------------
The competitive edge of
modern-day business emerges from creation or discovery of a performance
management. A system that increases efficiency, decreases cost or
enhances quality confers immediate competitive advantage on its creator
and sets a standard for the rest of the industry to follow. But once
disseminated across the field of competition, it becomes the standard.
Now a new, yet more innovative, high performance system must be
discovered that once more creates competitive advantage for its
inventors.
The history of industry
since the mid- nineteenth century is traced through the discovery and
implementation of successively more sophisticated high performance
systems. It begins with centralization of productive capacity in the
modern factory system. Prior to the invention of factories, each
community was a system of independent craftspeople and farmers who
enjoyed an idyllic communal existence formed around specialization of
craft. The factory system was the product of engineering temper and
skill in a globally competitive world. The first high performance
factory systems were organized around the disciplines of industrial
engineering to exploit intercontinental commerce. Frederick Winslow
Taylor created the high performance factory system that has been dubbed
"scientific management."
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This article is about Competitive Edge of Performance Management
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