I think Paul Kearns has captured some very valuable points in his book, in particular Chapter 5 that discusses what Organizational performance has to measure in terms of value:
Turning human activity into value.
The advent of the scorecard.
The EFQM business excellence model.
Agreeing value priorities using the 3 Box System.
The gulf between performance measurement theory and practice.
Activity, performance and added value measures.
Taking a fresh perspective on the purpose of performance measurement.