how do you determine: the content/target of performance measurement?

Briefly, how do you determine: the content/target of performance measurement? and also the method of measuring performance? consider the benefits/risks trade-off.
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quastion 2
What do you think gets in the way of creating and/or implementing effective performance management processes? Please mention ideas you have for getting around these barriers.
quastion 3
Who do you believe is responsible for effective performance management? include the process, the outcomes, etc. consider what are incentives or motivators for the various stakeholders to do their part..

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