Developing Contemporary Performance Measurement System Performance Model for Co-operatives in Malaysia: Is it Necessary?

Abstract

Cooperatives in Malaysia have crucial roles in developing business systems, and making it possible for the country to join the global cooperatives society and sophisticated economies. Therefore, top management in Malaysian Cooperatives are aggressively designing and executing their strategic plan through performance measurement system. This paper will discuss whether contemporary performance measurement system can be apply in Malaysian cooperatives. The existence of strategic, comprehensive and dynamic in cooperative performance measurement system is needed as it will provide co-operatives’ management with valuable insights the role of contemporary performance measurement system model which could assist them in aligning their performance measurement system.