2019
DOI: 10.15240/tul/001/2019-2-007
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Benefits of KPIs for Industry Sector Evaluation: The Case Study from the Czech Republic

Abstract: Currently, there is a dynamic and progressive growth of substitution labour by capital. The introduction of new technologies, digitization, and automation of production is referred to as the fourth industrial revolution or Industry 4.0. The initiative Industry 4.0 also causes changes in the labour market. Industry 4.0 should increase production effi ciency, increase work productivity, reduce costs, customize solutions, and increase business fl exibility. The higher effi ciency of production and automation will… Show more

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Cited by 14 publications
(11 citation statements)
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References 18 publications
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“…On the other hand, the good performance of a company only in a certain area may mean great problems for the whole company in the future. (Hedvičáková and Král 2019) We can confirm the growing trend of co-creation and collaboration in the field of business models. Open business models and models based on open innovation are becoming more and more discussed over time.…”
Section: Discussionsupporting
confidence: 58%
“…On the other hand, the good performance of a company only in a certain area may mean great problems for the whole company in the future. (Hedvičáková and Král 2019) We can confirm the growing trend of co-creation and collaboration in the field of business models. Open business models and models based on open innovation are becoming more and more discussed over time.…”
Section: Discussionsupporting
confidence: 58%
“…XX в. [27], что, по мнению авторов, не имеет смысла в сегодняшних реалиях, так как развитие человеческого капитала определяется не только рынком труда, но и производительностью [28], что другие авторы упускают из виду.…”
Section: Discussionunclassified
“…All of the above formulas have multiple definitions and modified calculation formulas (Botchkarev & Andru, 2011;Hedvičáková & Král, 2019;Žižlavský, 2014) 3. Results…”
Section: Methodsmentioning
confidence: 99%