{"id":3685,"date":"2022-06-04T17:15:43","date_gmt":"2022-06-04T15:15:43","guid":{"rendered":"https:\/\/frjournal.eu\/journal\/?p=3685"},"modified":"2022-07-29T16:10:21","modified_gmt":"2022-07-29T14:10:21","slug":"the-role-of-key-performance-indicators-as-a-performance-management-tool-in-implementing-corporate-strategies-a-critical-review-of-the-literature","status":"publish","type":"post","link":"https:\/\/frjournal.eu\/journal\/2022\/06\/04\/the-role-of-key-performance-indicators-as-a-performance-management-tool-in-implementing-corporate-strategies-a-critical-review-of-the-literature\/","title":{"rendered":"The role of Key Performance Indicators as a performance management tool in implementing corporate strategies: A critical review of the literature"},"content":{"rendered":"<p>Ivo Hristov, Antonio Chirico, Riccardo Camilli \/ Financial Reporting \/ 1-2022<\/p>\n<hr \/>\n<p>Over recent decades, organizations have moved into highly competitive markets that force companies to implement Performance Management Systems (PMSs) to keep monitoring strategy alignment and activities. In this context, this paper provides a Systematic Literature Review (SLR) on the use of Key Performance Indicators (KPIs) in PMSs. Relevant and useful papers have been selected for the analysis and the final 60-paper sample has been studied by means of con-tent analysis and descriptive statistics. The relevant findings have been reported across categories (i.e. value drivers, practices and measures, contextual drivers, and critical issues), such as increasing the use of KPIs supporting sustainable developments and a dichotomy between qualitative and quantitative indicators. In particular, authors revealed the need for a KPI strategical formulation and for a cultural factor aimed at ensuring the effective integration of quantitative, qualitative and sustainable development indicators. Therefore, a conceptual model was developed in order to guide managers through the criticalities and the recently reported requirements. This review addresses the KPIs\u2019 implementation from both a systemic and critical point of view; these aspects made our study really useful for practitioners of all application sectors.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<div class=\"fusion-button-wrapper fusion-aligncenter\"><style type=\"text\/css\" scoped=\"scoped\">.fusion-button.button-1 .fusion-button-text, .fusion-button.button-1 i {color:#ffffff;}.fusion-button.button-1 {border-width:0px;border-color:#ffffff;}.fusion-button.button-1 .fusion-button-icon-divider{border-color:#ffffff;}.fusion-button.button-1:hover .fusion-button-text, .fusion-button.button-1:hover i,.fusion-button.button-1:focus .fusion-button-text, .fusion-button.button-1:focus i,.fusion-button.button-1:active .fusion-button-text, .fusion-button.button-1:active{color:#ffffff;}.fusion-button.button-1:hover, .fusion-button.button-1:focus, .fusion-button.button-1:active{border-width:0px;border-color:#ffffff;}.fusion-button.button-1:hover .fusion-button-icon-divider, .fusion-button.button-1:hover .fusion-button-icon-divider, .fusion-button.button-1:active .fusion-button-icon-divider{border-color:#ffffff;}.fusion-button.button-1{width:auto;}<\/style><a class=\"fusion-button button-flat fusion-button-round button-large button-default button-1\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.francoangeli.it\/riviste\/SchedaRivista.aspx?IDArticolo=70951&amp;Tipo=Articolo%20PDF&amp;lingua=it&amp;idRivista=163\"><span class=\"fusion-button-text\">Read Article<\/span><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ivo Hristov, Antonio Chirico, Riccardo Camilli \/ Financial Reporting \/ 1-2022 Over recent decades, organizations have moved into highly competitive markets that force companies to implement Performance Management Systems (PMSs) to keep monitoring strategy alignment and activities. In this context, this paper provides a Systematic Literature Review (SLR) on the use of Key Performance Indicators [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"quote","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[30,1],"tags":[464,465,466,467],"class_list":["post-3685","post","type-post","status-publish","format-quote","hentry","category-browse-the-journal","category-financial-reporting","tag-kpis","tag-performance-management-system","tag-performance-measurement","tag-systematic-literature-review","post_format-post-format-quote"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The role of Key Performance Indicators as a performance management tool in implementing corporate strategies: A critical review of the literature | Financial Reporting Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/frjournal.eu\/journal\/2022\/06\/04\/the-role-of-key-performance-indicators-as-a-performance-management-tool-in-implementing-corporate-strategies-a-critical-review-of-the-literature\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The role of Key Performance Indicators as a performance management tool in implementing corporate strategies: A critical review of the literature | Financial Reporting Journal\" \/>\n<meta property=\"og:description\" content=\"Ivo Hristov, Antonio Chirico, Riccardo Camilli \/ Financial Reporting \/ 1-2022 Over recent decades, organizations have moved into highly competitive markets that force companies to implement Performance Management Systems (PMSs) to keep monitoring strategy alignment and activities. 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