Indicators for Measuring Outputs of Innovative Initiatives in the Czech Republic

Veronika Bumberova () and Frantisek Milichovsky
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Veronika Bumberova: Brno University of Technology
Frantisek Milichovsky: Brno University of Technology

ACTA VSFS, 2016, vol. 10, issue 2, 115-125

Abstract: This paper focuses on the identification of a set of KPIs that are used in Czech companies to evaluate the outputs of innovative initiatives to maintain and improve organiza- tional performance as a goal of implementation of innovations. The empirical evidence is based on a quantitative data, gathered through an email by structured self-assessment tool (check-list) which yielded 194 qualified responses. For the analysis of gained data there was used factor analysis within evaluation by factorial loadings. Results of the factor analysis provide possible groups according their similarity of variability and create new variables. Observed indexes were verified by coefficient Cronbach’s alpha. Findings of the paper serve up suggestions, that especially financial performance indicators are statistical significant in market area and operation management.

Keywords: innovation; key performance indicators; innovation success; output; industrial companies; Czech Republic; factor analysis (search for similar items in EconPapers)
JEL-codes: L21 L25 O31 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:prf:journl:v:10:y:2016:i:2:p:115-125

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