Series Editor's Preface -- 1. The Emergence and Attributes of Multidivisional Structures. Centralisation, decentralisation and divisionalisation. The arguments for and against divisionalisation. Objectives of divisional performance measurement. Responsibility centres: some clarifications -- 2. Traditional Accounting Measures of Performance. Criteria for evaluation. Traditional accounting profit. Return on investment. Residual income. Some common limitations of the above three income indices. Sales revenue as performance measures -- 3. Non-Traditional Financial Measures of Performance. Discounted cash flow (DCF) income - the basic model. Divisional goal model and DCF. Challenges to DCF applications. Deriving divisional risk premiums -- 4. Monitoring Divisional Capital Investment Decisions. The theoretical framework. Resource allocation: empirical evidence. A formal model of resource allocation -- 5. Beyond Financial Measures of Divisional Performance. Non-financial controls in the markets and hierarchies framework. Structural controls in divisionalised organisations. Non-financial, quantifiable performance measures. Qualitative controls -- 6. Summary, Implications and Future Developments. Summary of previous chapters. Implications of previous analysis. The future: some further implications.