Performance management competitive edge

The competitive edge of modern-day business emerges from creation or discovery of a performance management. A system that increases efficiency, decreases cost or enhances quality confers immediate competitive advantage on its creator and sets a standard for the rest of the industry to follow. But once disseminated across the field of competition, it becomes the standard. Now a new, yet more innovative, high performance system must be discovered that once more creates competitive advantage for its inventors.

The history of industry since the mid- nineteenth century is traced through the discovery and implementation of successively more sophisticated high performance systems. It begins with centralization of productive capacity in the modern factory system. Prior to the invention of factories, each community was a system of independent craftspeople and farmers who enjoyed an idyllic communal existence formed around specialization of craft. The factory system was the product of engineering temper and skill in a globally competitive world. The first high performance factory systems were organized around the disciplines of industrial engineering to exploit intercontinental commerce. Frederick Winslow Taylor created the high performance factory system that has been dubbed "scientific management."

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