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Table of Contents
DISCLAIMER ...................................................................................................................... 1
AOM4801 Part 1 Section 2 ................................................................................................... 3
Measuring performance in operation and value chains. .......................................................... 3
i. Financial measures. .................................................................................................... 3
ii. Quality ....................................................................................................................... 3
a. Tangibles ................................................................................................................ 4
b. Reliability ............................................................................................................... 4
c. Responsiveness. ...................................................................................................... 4
d. Assurance. .............................................................................................................. 4
e. Empathy.................................................................................................................. 5
iii. Productivity and operational efficiency. ...................................................................... 5
Linking Internal and External Measures. ............................................................................... 6
The value of a loyal customer (VLC). ................................................................................... 7
Models of organisational performance. .................................................................................. 7
Malcolm Baldrige Performance Excellence Framework. .................................................... 7
The balanced score card..................................................................................................... 8
i. Financial Perspective: ................................................................................................. 9
ii. Customer Perspective: ................................................................................................ 9
iii. Innovation and Learning Perspective: ......................................................................... 9
iv. Internal Perspective: ................................................................................................... 9
Bibliography ....................................................................................................................... 11
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