This book presents an analysis and a critical discussion on performance management systems. It seeks to advance the current state of knowledge in the subject by introducing a holistic performance management system - the loosely coupled performance management system. This new system presents a framework to leverage the systemic relationships among already established performance management mechanisms. The author contends that loosely coupled performance management systems fulfill two different objectives, namely - they assure control and foster innovation. Such a comprehensive approach to management control provides managers of economic organizations with an overarching architecture for the design, diagnosis and effective use of performance management systems.

1. Introduction

2. The Evolution of the Concept of 'Management Control': Towards a Definition of 'Performance Management System'
3. Performance Management System. A Literature Review
4. Innovation and the Performance Management System. Literature Review
5. The Loose Coupling Performance Management System
6. The Values Sharing Mechanism
7. The Strategy Formulation Mechanism
8. The Strategy Implementation Mechanism
9. The Performance Measurement Mechanism
10. The Incentive and Reward Mechanism
11. The Strategy Execution Mechanism
12. Implementation, Use and Diagnosis of the Performance Management System.

1. Introduction
2. The Evolution of the Concept of 'Management Control': Towards a Definition of 'Performance Management System'
3. Performance Management System. A Literature Review
4. Innovation and the Performance Management System. Literature Review
5. The Loose Coupling Performance Management System
6. The Values Sharing Mechanism
7. The Strategy Formulation Mechanism
8. The Strategy Implementation Mechanism
9. The Performance Measurement Mechanism
10. The Incentive and Reward Mechanism
11. The Strategy Execution Mechanism
12. Implementation, Use and Diagnosis of thePerformance Management System.