Aspect-Oriented, Key-Index Based Regional Business Entities' Evaluation Framework

Abstract

The paper is devoted to the features of regional business entities' efficiency and performance evaluation framework based on significant aspects and highlighting key features including rank tests. Features are suggested to allow planning and justifying obtained results including ranked business development priorities. Consistently, the authors analyze indicators of four types of linked activity: financial, production, managerial, and social. The paper also defines that in current conditions the balanced focus of indicators is the only way to the effective and high-performance evaluation of regional business development. Moreover, it is proved that evaluating the average weighted stability index allows establishing appropriate management system.