An Empirical Study of Non-Financial Measures' Emphasis for the Compensation Schemes on Different Categories of Strategic Orientation in Malaysia
Performance management has been a contemporary topic for research. Extensive studies have concentrated on this area and claimed that non financial measures besides financial measures are the essence for today's business environment. The literature review also asserted that the business performa...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Indian Journal of Finance
2014
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| Online Access: | http://hdl.handle.net/20.500.11937/26743 |
| _version_ | 1848752073098657792 |
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| author | Krishnan, Anbalagan Ramasamy, R. Prem, L. |
| author_facet | Krishnan, Anbalagan Ramasamy, R. Prem, L. |
| author_sort | Krishnan, Anbalagan |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Performance management has been a contemporary topic for research. Extensive studies have concentrated on this area and claimed that non financial measures besides financial measures are the essence for today's business environment. The literature review also asserted that the business performance measurement is highly concentrated on the non-financial indicators and is worthless if not linked to a reward system. Moreover, the measures linked to a reward system, but not as per the strategic direction of the firms, will also flunk the performance measurement system. Thus, this empirical research explored the emphasis of performance measures in relation to the reward system among different categories of Malaysian firms' strategic orientation. The study was conducted during 2011, and the findings revealed that the emphasis differed among the three categories of Miles and Snow strategic orientations. The firms which adopted a prospector strategy orientation placed a greater emphasis on non-financial performance measures tied to the compensation schemes, and differed from the other two Miles and Snow strategy orientations - analyzers and defenders. On the whole, the findings concluded that when Malaysian firms adopted different categories of strategic orientations, it did have an impact on measures in relation to the compensation schemes. |
| first_indexed | 2025-11-14T08:02:49Z |
| format | Journal Article |
| id | curtin-20.500.11937-26743 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:02:49Z |
| publishDate | 2014 |
| publisher | Indian Journal of Finance |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-267432017-01-30T12:55:07Z An Empirical Study of Non-Financial Measures' Emphasis for the Compensation Schemes on Different Categories of Strategic Orientation in Malaysia Krishnan, Anbalagan Ramasamy, R. Prem, L. Miles and Snow Strategy orientation Financial measures reward system Non-Financial measures Performance management has been a contemporary topic for research. Extensive studies have concentrated on this area and claimed that non financial measures besides financial measures are the essence for today's business environment. The literature review also asserted that the business performance measurement is highly concentrated on the non-financial indicators and is worthless if not linked to a reward system. Moreover, the measures linked to a reward system, but not as per the strategic direction of the firms, will also flunk the performance measurement system. Thus, this empirical research explored the emphasis of performance measures in relation to the reward system among different categories of Malaysian firms' strategic orientation. The study was conducted during 2011, and the findings revealed that the emphasis differed among the three categories of Miles and Snow strategic orientations. The firms which adopted a prospector strategy orientation placed a greater emphasis on non-financial performance measures tied to the compensation schemes, and differed from the other two Miles and Snow strategy orientations - analyzers and defenders. On the whole, the findings concluded that when Malaysian firms adopted different categories of strategic orientations, it did have an impact on measures in relation to the compensation schemes. 2014 Journal Article http://hdl.handle.net/20.500.11937/26743 Indian Journal of Finance restricted |
| spellingShingle | Miles and Snow Strategy orientation Financial measures reward system Non-Financial measures Krishnan, Anbalagan Ramasamy, R. Prem, L. An Empirical Study of Non-Financial Measures' Emphasis for the Compensation Schemes on Different Categories of Strategic Orientation in Malaysia |
| title | An Empirical Study of Non-Financial Measures' Emphasis for the Compensation Schemes on Different Categories of Strategic Orientation in Malaysia |
| title_full | An Empirical Study of Non-Financial Measures' Emphasis for the Compensation Schemes on Different Categories of Strategic Orientation in Malaysia |
| title_fullStr | An Empirical Study of Non-Financial Measures' Emphasis for the Compensation Schemes on Different Categories of Strategic Orientation in Malaysia |
| title_full_unstemmed | An Empirical Study of Non-Financial Measures' Emphasis for the Compensation Schemes on Different Categories of Strategic Orientation in Malaysia |
| title_short | An Empirical Study of Non-Financial Measures' Emphasis for the Compensation Schemes on Different Categories of Strategic Orientation in Malaysia |
| title_sort | empirical study of non-financial measures' emphasis for the compensation schemes on different categories of strategic orientation in malaysia |
| topic | Miles and Snow Strategy orientation Financial measures reward system Non-Financial measures |
| url | http://hdl.handle.net/20.500.11937/26743 |