The development of corporate performance management can be roughly divided into the following four stages:

Performance management based on financial data (1950s to 1970s)

Corporate performance management in this stage is mainly based on financial data and financial indicators, such as revenues, profits, market share, etc., and assesses the performance of the company's performance and performance through the analysis of these indicators. . This stage of enterprise performance management focuses on the financial performance of the enterprise, ignoring the non-financial performance of employees and the long-term development of the enterprise.

Performance management based on business strategy (1980s to 1990s)

This stage of business performance management began to focus on business strategy and non-financial performance of the enterprise, such as product quality, customer satisfaction, employee satisfaction. Enterprises began to develop long-term strategic plans to achieve long-term development and performance improvement through the implementation of strategic goals.

Performance Management Based on Performance Management (Early 21st Century to Present)

Enterprise performance management at this stage emphasizes performance management methods and tools, such as balanced scorecard, key performance indicators, etc., to achieve long-term development and performance improvement of the enterprise through managing and motivating the performance of the employees and teams.

Performance Management Based on Digital Technology (Mid-21st Century to Present)

Enterprise performance management in this phase utilizes digital technology and big data analysis to achieve real-time monitoring and analysis of enterprise performance. Enterprises can manage and incentivize the performance of their employees and teams more accurately through data-based means, thus achieving sustainable development and performance improvement.

In short, the development history of enterprise performance management has gone through a transformation from performance management based on financial data to performance management based on business strategy to performance management based on performance management and digital technology, which constantly emphasizes the attention to non-financial performance and long-term development in order to achieve sustainable development and performance improvement of enterprises.