THE ROLE OF MANAGEMENT INSTRUMENTS FOR THE EVALUATION AND MANAGEMENT OF ACTIVITY IN A GLOBAL COMPETITIVE ENVIRONMENT

Dalia Simion and Monica Patrutescu
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Dalia Simion: University of Craiova Faculty of Economics and Business Administration
Monica Patrutescu: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2015, vol. 2, issue 43, 57-62

Abstract: The management of any economic entity is subject to a pressure related to information in the conditions of a rapidly changing market. It should become a priority the use of instruments that provide relevant information in a timely manner, and the decision making process should rely on them at all hierarchical levels. A viable connection between the forecasts and action plans of managers and the results of real activity is accomplished by the dashboard. Its conception and design require attention to the differences of information it contains and produces, according to the needs of managers and the manner in which they use the data. The management of an organized system, for which the target is to obtain excellent results, must have steering instruments, including the scoreboard that is characterized by the fulfillment of the four functions: information, warning, evaluation and decision-making.

Keywords: decisional process; information system; knowledge management; informative system; measurement instrument; managerial activity; financial accounting information system (search for similar items in EconPapers)
JEL-codes: M21 M40 (search for similar items in EconPapers)
Date: 2015
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