To understand the concept of Performance measurement systems we can say that PM are known
as collections of financial and/or non-financial performance indicators that managers use to
evaluate their own or their unit s performance or the performance of their subordinates
(Tuomela, 2005). Examples of well known performance measurement systems are such as
balanced scorecard (as explored in next segment) as well as the performance pyramid system. The purpose of the PPS is to link an organization's strategy with its operations by translating
objectives from the top down (based on customer priorities) and measures from the bottom up
(Laitinen, 2002).