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The world economy has evolved in the past two decades. New business drivers has come into existence and brought new factors to business development. The business can be divided into three categories; the traditional business, the partial e-business, and the full e-business. The rapid development in information technology and communication has made a direct influence on business nature. Some companies have shifted towards the e-commerce strongly, and some preferred to have the “click and mortar” form of companies which are now taking the popularity and biggest share of the market. Performance gain importance as business evolves and has become the tool to measure success or failure of business. In the following lines we discuss the different definitions of performance measurement, performance management methodology, and performance management guideline approach.