Fayol thinks that management consists of planning, organizing, leading, coordinating and controling, This thesis is about performance measurement, which belongs to the management control system. But because of many reasons, performance measurement is faced with unprecedented challenges. As Robert G. Eccles has ever predicted in the early of 90s, every company will redesign its own performance measurement system in five years. As a review, this thesis will be organized according to the elements of performance measurement system and sum up part of performance measurement literatures, Furthermore, this part will be this basis of studying management control and incentives, especially reward system.
