The field of business performance measurement a management is developing quickly as response to global trends and changing roles of companies. There is no agreed viewpoint for an ideal performance measurement framework in literature, though many holistic systems have been developed. Within this context, presented paper focuses on investigation of the features, characteristics and roles of performance measurement systems in Czech large size manufacturing companies from two points of view. First is to identify and analyze the current form of performance management in selected companies. Second is to determine the features that have to be met in the future to design effective PMS. At this point it is necessary to emphasize that the main discussion is given to Czech large size manufacturing companies from both points of view. In order to fulfil these objectives, a method of case studies analysis is used.