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Requirments of Business Managements Systems

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Requiements of business
Management Systems: A Delineation of the Comprehensive Set of Criteria
Bartłomiej NITA* 1 Introduction
There are organizations which have serious problems with transforming their strategies in-to actions and achieving good performance, so the major purpose of modern management accounting is to support the strategy execution. However, for fulfilling this goal it is essential to design and implement effective performance measurement and management system in order to asses, control, and finally improve organizational performance. Unfortunately, still a lot of companies today use financial and accounting-based calculations as the ultimate measures of company performance although exclusively financial approach to performance is not sufficient any longer.
The aim of the paper is to figure out the requirements that should be fulfilled by modern performance management systems. Thus, in the first part of the article the short review of contemporary approach to performance management was described, in the following part different opinions and discussions from the relevant academic literature were depicted and finally the comprehensive set of ten requirements was proposed. 2 Contemporary Approach to Performance Management
In 1965 R. N. Anthony published his seminal work titled “Planning and Control Systems”, in which he introduced the concept of management control. His classic definition of management control was “the process by * Bartłomiej Nita, Ph.D. – Assistant Professor; Department of Managerial Accounting and Accounting for Management, Institute of Accounting, Faculty of Management,
Computer Science and Finance, Wrocław University of Economics, ul. Komandorska
118/120, 53-345 Wrocław, Poland; <bartlomiej.nita@ue.wroc.pl>.

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