Every business has to face many challenges due to advanced operations, increase in product complexity, and high competition at national and international level. India is a fast developing country, hence the relevance of Quality, Productivity and Safety & Measures to improve them are of utmost importance. Hence there is a key need to develop an instrument to access Critical Success Factors (CSF) and Performance Measures (PM) to improve overall performance of manufacturing industries. Through extensive literature survey and personal interviews, CSFs and PMs have been identified. With the help of judgemental selection of attributes, an instrument has been developed to improve financial performance and operating performance for pilot study in the manufacturing industries.