Financial segment reporting in the function of building a motivation and rewarding system

Ljubica Gajic and Ivana Medved ()
Additional contact information
Ljubica Gajic: Faculty of Economics, University of Novi Sad, Republic of Serbia
Ivana Medved: Faculty of Economics, University of Novi Sad, Republic of Serbia.

Business and Economic Horizons (BEH), 2010, vol. 2, issue 2, 67-74

Abstract: One of the main factors of a company's business performance is complete mobility and orientation of the employees towards realizing common interests and goals of the company as a whole. Activities aimed at that goal are also related to building a motivation system in the company. One of the means of motivation policy is the system of incentive rewards, where the information input is the calculation of costs and business results of a company, relying on complete tracking of business processes, according to functions, fields and centers of responsibility for achieved success or failure. Profit, as the final financial product of the company's activities, is basically the main activating force for all the employees. Their motivation helps successful achievement of a company's business policy and strategic development, through a functional system of measuring and evaluating results and adequate rewards.

Keywords: Organization; segment; cost accounting; information; motivation; rewards. (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://academicpublishingplatforms.com/downloads/p ... c_Ivana_Medved_d.pdf (application/pdf)
http://academicpublishingplatforms.com/article.php ... number=2&article=229 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pdc:jrnbeh:v:2:y:2010:i:2:p:67-74

Access Statistics for this article

Business and Economic Horizons (BEH) is currently edited by Orifjan Namozov, Ph.D.

More articles in Business and Economic Horizons (BEH) from Prague Development Center Contact information at EDIRC.
Bibliographic data for series maintained by Jaroslav Holecek ( this e-mail address is bad, please contact ).