Interlinked System of Business Performance Management Indicators

Vnitřně propojený systém ukazatelů řízení výkonnosti podniku

Jana Fibírová and Kateřina Knorová

Český finanční a účetní časopis, 2014, vol. 2014, issue 4, 157-165

Abstract: For the effective management of a company, it is necessary to choose the right performance measures in order to influence the behavior of managers and employees towards the fulfillment of company´s strategic objectives and goals. Basic logical relations of decomposition of economic effectiveness measures and causal relations of value-creation process are taken into account in creating business performance measurement and management system. While logical relations of financial measures create the framework of performance management, causal relations of value-creation process make the factual base. Only by linking financial results and non-financial causes it is possible to explain, analyze and influence the value-creation process. By discovering the links between causes and effects it is possible to improve decision-making, communication and increase the level of knowledge.

Keywords: Performance management; Performance measures; Financial and non-financial measures; Logical relations; Causal relations; Value-creation process; Řízení výkonnosti; Ukazatele výkonnosti; Finanční a nefinanční ukazatele; Logické vazby; Příčinné souvislosti; Proces tvorby výkonů (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.18267/j.cfuc.431

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