Strategic Performance Measurement Systems Implemented in the Biggest Czech Companies with Focus on Balanced Scorecard - An Empirical Study

Petera, Petr; Wagner, Jeffrey

doi:10.7441/joc.2012.04.05

Cited by 8 publications

(4 citation statements)

References 25 publications

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“…Company managers utilize a number of concepts for the management of performance including Balanced Scorecard (BSC), Economic Value Added, benchmarking and many others (Knápková, Pavelková & Jirčiková, 2010). Petera, Wagner & Menšík (2012) deal with performance measurement and management systems with focus on BSC and they found statistically significant difference between BSC adopters and BSC non-adopters as for utilization of Activity Based Management. One of the conditions to maintain the competitiveness and performance of the company is the ability to work properly and timely with information not only about past and present but also especially about the future (Rajnoha et al, 2014).…”

Section: Literature Reviewmentioning

confidence: 99%

Relationships Between Investment Effectiveness Controlling and Business Performance

Rajnoha

Новак

Merková

2016

MJE

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We focused on business performance in companies and in scope of investment measurement and management we analyse using of investment effectiveness evaluation methods. Goal of our research at first was to detect what investment valuation methods apply companies in Slovakia in their management and what determinants cause it. Consequently, the aim was to find out if using of certain investment valuation method or some valuation approach consisted from several methods, has the positive impact into business performance. Analysed data were collected trough questionnaire. We defined several hypotheses and decided to apply two kinds of statistical methods appropriate for tested variables. Results of the research confirmed some assumptions and we state that use of investment valuation methods is limited by foreign ownership of company and certain methods caused better business performance.

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Section: Literature Reviewmentioning

confidence: 99%

Relationships Between Investment Effectiveness Controlling and Business Performance

Rajnoha

Новак

Merková

2016

MJE

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“…Business performance measurement is a topical issue in strategic management, and thus more research regarding this topic can be expected (Tizroo et al, 2017;Petera, Wagner, & Menšík, 2012;Horváthová et al, 2014;Becerra-Alonso, Androniceanu & Georgescu, 2016;Łakomy-Zinowik& Horváthová, 2016;Gumbus & Lussier, 2006). Enterprises are largely managed through financial indicators, but the current trend is showing the increasing importance of non-financial measurers, too.…”

Section: Resultsmentioning

confidence: 99%

Non-Financial Indicators and Their Importance I

Dobrovič¹,

Lambovska²,

Gallo³

et al. 2018

JOC

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Measuring enterprise performance plays an important role in maximizing business efficiency. A modern business performance measurement tool is the Balanced Scorecard (BSC) method. This method helps assess not only the financial situation of the enterprise, but also indicators, and evaluates non-financial indicators, which is important for achieving the maximum competitiveness of the enterprise. This paper points out the importance of non-financial indicators in small and medium-sized enterprises in Slovakia, using the BSC method as a strategic management tool. Three hypotheses were established and then verified using the method of proportionality of the given phenomenon in the population and the chi-square test of independence. Apartial objective of the study was to find out the existence of a statistically significant link between the use of the BSC method and the importance of non-financial indicators in small and mediumsized enterprises in Slovakia, as the BSC method attaches the same importance to both financial and non-financial indicators. It has been shown that these two variables are related.

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“…Performance measurement methods so far still have weaknesses that only look at financial performance. Useful performance measurement should be able to translate the Available online at: http://e-jurnal.lppmunsera.org/index.php/JSMI Jurnal Sistem dan Manajemen Industri ISSN (Print) 2580-2887 ISSN (Online) 2580-2895 http://dx.doi.org/10.30656/jsmi.v3i2.1472 77 vision, mission, and strategy of an organization into operational objectives and performance measures, both financial and non-financial aspects [4], [5].…”

Section: Introductionmentioning

confidence: 99%

Performance measurement of public hospitals through the integration of SWOT and balanced scorecard

Setiawannie¹,

Rahmania²

2019

j. sist. manaj. ind.

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Performance measurement is an essential factor for an organization to control the implementation of the strategy. The existing performance measurement system only evaluates financial performance. This study aims to propose the Key Performance Indicators (KPI) and measuring hospital performance with SWOT and BSC integration. Stages of research are determining internal and external factors with SWOT analysis, formulating alternative strategies, translating strategies into BSC perspective on strategic maps, determining performance indicators (KPI), KPI validation with AHP to obtain indicator weights for each view, and measuring hospital performance. Based on the results of the study, performance indicators (KPI) for hospitals based on the Balanced Scorecard perspective are six financial perspective indicators, two customer perspective indicators, four internal process perspective indicators, and five growth and learning perspective indicators. The internal process perspective is 90.43%, which means that the performance of the hospital is very healthy with the AA category, and learning 68.89% means that the performance of the hospital is very healthy with category A.

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Strategic Performance Measurement Systems Implemented in the Biggest Czech Companies with Focus on Balanced Scorecard - An Empirical Study

Cited by 8 publications

References 25 publications

Relationships Between Investment Effectiveness Controlling and Business Performance

Relationships Between Investment Effectiveness Controlling and Business Performance

Non-Financial Indicators and Their Importance I

Performance measurement of public hospitals through the integration of SWOT and balanced scorecard

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