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Performance measurement techniques are used to evaluate the effectiveness and efficiency of a business or organization, and to identify areas for improvement. Some common techniques include:

Key Performance Indicators (KPIs) to track progress towards specific goals

Balanced Scorecard to measure overall performance across multiple areas
Benchmarking to compare performance against industry standards or competitors
Customer satisfaction surveys to assess satisfaction levels
Financial ratios to evaluate financial performance and stability
Employee performance evaluations to measure individual and team contributions
Process improvement methodologies such as Six Sigma or Lean to optimize processes and reduce waste.