Navigating the Metrics Landscape: An Introductory Literature Guide to Metric Selection, Implementation, & Decision Making

Abstract

The focus of this paper is to depict the vast landscape of literature related to enterprise performance measurement in a concise and comprehensible manner for researchers and practitioners. We focus particularly on the enterprise as the unit of analysis and consider measurement systems from stakeholders at all levels. A broad range of considerations will be explored, ranging from micro-level considerations such as employee performance measurement to macro-level considerations such as enterprise measurement systems. Moreover, we discuss measurement-related problems identified in practice and solutions proposed in academic literature. To illustrate this evolution of measurement knowledge over time, we discuss the effects of metrics from three distinct viewpoints: (1) selecting the right metrics, (2) creating and implementing measurement frameworks; and (3) metrics for decision making.