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Application Of “Traditional” And “New” Approach Methods In Business Performance Measurement

Author

Listed:
  • Kinga Emese ZSIDÓ

    (Faculty of Economics and Business, University of Debrecen, Debrecen, Hungary)

  • Veronika FENYVES

    (Faculty of Economics and Business, University of Debrecen, Debrecen, Hungary)

Abstract

Business performance and its measurement play a key role in the life of enterprises. For sustainable development, companies must constantly keep in mind and measure their performance, in accordance with their long-term goals. Looking over the performance measurement history, we can see that this area has improved a lot, underlining the importance of this. In addition to „traditional” performance measurement indicators, several completely „new” methods from different perspectives have been developed. The economic and social conditions changed our image about the business performance. A complex and useful corporate performance evaluation, in addition to financial and non-financial indicators based on the accounting reports, has to contain other factors too. The „traditional” indicators must be completed with new performance measurement systems, or at least parts of them.

Suggested Citation

  • Kinga Emese ZSIDÓ & Veronika FENYVES, 2015. "Application Of “Traditional” And “New” Approach Methods In Business Performance Measurement," CrossCultural Management Journal, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 1, pages 51-57, June.
    • Handle: RePEc:cmj:journl:y:2015:i:7:p:51-57
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    References listed on IDEAS

    as
    1. Atkinson, Anthony, 1998. "Strategic performance measurement and incentive compensation," European Management Journal, Elsevier, vol. 16(5), pages 552-561, October.
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    More about this item

    Keywords

    Business performance; Performance measurement; Value creating;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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