Although total factor productivity (TFP) measures are comprehensive, operations personnel find financial TFP measures more difficult to understand and less useful than physical partial productivity measures in performing their tasks.

A strategy is a plan or set of plans to achieve a goal, especially over a long period of time. A balanced scorecard is a strategic planning framework that companies use to prioritize products, services, and projects, and to plan activities and communicate goals. Strategic profitability analysis is a tool to evaluate how well a business generates profit from its strategy.  Here's some more information about each of these concepts: Strategy: A strategy specifies how an organization matches its capabilities with market opportunities to achieve its objectives. Balanced scorecard: A strategic... Show more

A strategy is a plan or set of plans to achieve a goal, especially over a long period of time. A balanced scorecard is a strategic planning framework that companies use to prioritize products, services, and projects, and to plan activities and communicate goals. Strategic profitability analysis is a tool to evaluate how well a business generates profit from its strategy. 

Here's some more information about each of these concepts:
Strategy: A strategy specifies how an organization matches its capabilities with market opportunities to achieve its objectives.
Balanced scorecard: A strategic planning and performance management framework that tracks financial and non-financial measures to determine an organization's effectiveness. It involves measuring four main aspects of a business: learning and growth, business processes, customers, and finance.
Strategic profitability analysis: A tool to evaluate the success of a business in generating profit from the implementation of its strategy. 

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