Browsing by Author "Gray, Dina"
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Item Open Access Measuring corporate management and leadership capability(Cranfield School of Management, 2002) Neely, Andrew; Gray, Dina; Kennerley, Mike; Marr, BernardThe Council for Excellence in Management and Leadership commissioned the Centre for Business Performance at Cranfield School of Management to produce for them a report investigating the case for corporate reporting and disclosure in the field of organisational management and leadership. Clearly there are pros and cons for such reporting, especially if it is made compulsory through the forthcoming Company Law review, but on balance the authors are of the opinion that: 1. Greater corporate reporting and disclosure in the field of organisational management and leadership is not only desirable, but also inevitable. 2. Legislation may result in organisations reporting more in the field of organisational management and leadership sooner than they would otherwise, but in the longer term market forces will force them to report this information. 3. The steps that organisations are taking to adopt measurement frameworks that balance financial and non-financial issues mean that they are already building the infrastructure necessary to enable this reporting. 4. It is impractical to expect that a generic set of reporting standards applicable to all organisations can be developed for this area. It is widely believed that performance measures are context and strategy specific. Hence requiring organisations to report against a standard set of measures will simply result in additional bureaucratic burdens being placed on them. 5. An alternative, and much more pragmatic approach, however, is to accept that the role of measurement is to provide insight. What investors, and other external stakeholders, want is insight into the management and leadership talent pool that exists within organisations. As a result it should be possible to encourage and/or require organisations to release information in their annual reports which provides fact based insights into their management and leadership talent pool. 6. To provide a structure for such disclosure the authors recommend that a portfolio of critical questions about the management and leadership talent pool be developed and that organisations be encouraged and/or required to provide answers to these questions through fact based evidence of their own choosing. 7. Many organisations would benefit from the rigour provided by this approach. Far too often the performance measures that organisations have in place in the arena of organisational management and leadership are poorly developed and deployed.Item Open Access A multi method investigation into the costs and into the benefits of measuring intellectual capital assets(Cranfield University, 2005) Gray, Dina; Neely, AndrewThis study sets out to address the question of whether the costs and the benefits of measuring intellectual capital assets differ depending on the driver for that measure. Although pressure is growing on firms to measure and report on their intellectual capital assets no research has yet been published that questions the costs associated with such actions. And although academic research has purported to show links between the management of intellectual capital assets and real business benefits the research carried out thus far'has not focussed specifically on the benefits of measuring intellectual capital assets. Although there are now a variety of intellectual capital asset measurement frameworks there has been no cross comparison as to which intellectual capital asset measures provide the most business insight or where the outcome of that measurement is most effective. Using a multi method approach the thesis is tested in three phases; an extensive literature review covering intellectual capital, performance measurement and organisational effectiveness; a survey and content analysis to explore what and why companies measure; and structured interviewing of six companies to investigate the costs and the benefits of measurement. The thesis is tested through the investigation of thirteen propositions which show that: firstly, there is a difference in the relative cost of measuring intellectual capital assets given the measurement driver, which is explained by the frequency of measurement, the mode of data collection and analysis, and whether the use of the measure is a by product of some other driver, secondly, that the insight provided by an intellectual capital asset measure differs given the measurement driver, thirdly, that the measurement of intellectual capital assets is most effective for planning the future; and lastly, that particular measurement drivers are effective, to differing degrees, in financial, customer, operational, people and future organisational performance domains.Item Open Access Towards a definition of a business performance measurement system(Emerald Group Publishing Limited, 2007-08-01T00:00:00Z) Franco-Santos, Monica; Kennerley, Mike; Micheli, Pietro; Martinez, Veronica; Mason, Steve; Marr, Bernard; Gray, Dina; Neely, AndrewScholars in the field of performance measurement tend to use the term business performance measurement (BPM) systems without explaining exactly what they mean by it. This lack of clarity creates confusion and comparability issues, and makes it difficult for researchers to build on one an each other's work. The purpose of this paper is to identify the key characteristics of a BPM system, by reviewing the different definitions of a BPM system that exist in the literature. This work aims to open a debate on what are the necessary and sufficient conditions of a BPM system. It is also hoped that a greater level of clarity in the performance measurement research arena will be encouraged. Design/methodology/approach--The performance measurement literature is reviewed using a systematic approach. Findings--Based on this research, a set of conditions of a BPM system has been proposed from which researchers can choose those which are necessary and sufficient conditions for their studies. Research limitations/implications--The analysis in this paper provides a structure and set of characteristics that researchers could use as a reference framework to define a BPM system for their work, and as a way to define the specific focus of their investigations. More clarity and precision around the use of the BPM systems phrase will improve the generalisability and comparability of research in this area. Originality/value--By reviewing the different definitions of a BPM system that exist in the literature this paper will hopefully stimulate a debate on the necessary and sufficient conditions of a BPM system and encourage a greater level of clarity in the performance measurement research arena.