Evolution of Scientific Management Towards Performance Measurement and Managing Systems for Sustainable Performance in Industrial Assets: Philosophical Point of View

Authors

  • R.M. Chandima Ratnayake University of Stavanger, Center for Industrial Asset Management

DOI:

https://doi.org/10.4067/S0718-27242009000100014

Keywords:

Performance measurement, management, Kuhn's philosophy.

Abstract

Even though remarkable progress has been made over recent years in the design of performance measurement frameworks and systems, many companies are still primarily relying on traditional financial performance measures. This paper presents an overview of modern descendents and historical antecedents of performance measurement and attempts to give philosophical definition, in fact addressed the evolution of traditional ways of measuring performance. The paper suggests that modern frameworks have indeed addressed the organizations external to them while satisfying the conditions internal to them and providing an analogy of the notion of kuhn’s scientific paradigm. This analogy is consistent with the fundamental proposition of Kuhnian philosophy of science, that progress only happens thorough successive and abrupt shifts of paradigm.

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Author Biography

R.M. Chandima Ratnayake, University of Stavanger, Center for Industrial Asset Management

Assistant Professor (IKM)/ Doctoral Research Fellow (CIAM)

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Published

2009-05-04

How to Cite

Ratnayake, R. C. (2009). Evolution of Scientific Management Towards Performance Measurement and Managing Systems for Sustainable Performance in Industrial Assets: Philosophical Point of View. Journal of Technology Management & Innovation, 4(1), 152–161. https://doi.org/10.4067/S0718-27242009000100014

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Section

Trends & Current Opinion