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Profit indicators in performance systems in the Czech companies

Author

Listed:
  • Jana Hornungová

    (Department of Economics, Brno University of Technology, Faculty of Business and Management, Kolejní 4, 612 00 Brno, Czech Republic)

  • František Milichovský

    (Department of Management, Brno University of Technology, Faculty of Business and Management, Kolejní 4, 612 00 Brno, Czech Republic)

Abstract

The main focus of the paper is the corporate performance measurement. At present, it is necessary to monitor this corporate performance and mostly try to improve it, because it could be very crucial competitive advantage in the market. The article provides an overview of key performance indicators (KPIs) in the companies. Based on the theoretical data there are applied statistical methods, which should be achieved of main aim of the paper. The main aim of the paper is to describe which groups of Key Performance Indicators are connected with corporate performance system of measurement in the area of Information and Communication Activities. To support this approach theoretical information from the area of Key Performance Indicators connected with data from primary research were used, focused on the performance evaluation of enterprises.Successful companies are aware of the need for long-term strategic development, which is based on teamwork, respect of external environment and all subjects, which influence the business activities of the company directly or indirectly. It can be more effective to conceptualize relationship complete than limit to only consumer market and customer relations. Marketing moves more and more away from individual transaction orientation and rather focus on value creating relations, where the objective is to provide long-term stakeholder value. Day after day the company gets in touch with different groups of stakeholders, that influence the corporate development and it can not to access to these interest groups individually for reason of corporate limits. It is therefore necessary to define homogenous stakeholders groups, which are differ from each other in terms of their impact on business management. The authors of article put the question, which classification is the most statistical explaining the difference of stakeholders in term of evaluation their impact on business management. It was made cluster analysis for data mining including its graphic presentation through dendogram by statistical software IBM SPSS Statistics 20 to obtain relevant answer.

Suggested Citation

  • Jana Hornungová & František Milichovský, 2013. "Profit indicators in performance systems in the Czech companies," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 61(2), pages 345-352.
    • Handle: RePEc:mup:actaun:actaun_2013061020345
    DOI: 10.11118/actaun201361020345
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    References listed on IDEAS

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    1. Lebas, Michel J., 1995. "Performance measurement and performance management," International Journal of Production Economics, Elsevier, vol. 41(1-3), pages 23-35, October.
    2. Boldeanu Dana Maria, 2009. "Information System For Modeling Economic And Financial Performances," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 4(1), pages 902-907, May.
    3. Tatjana Samsonowa & Peter Buxmann & Wolfgang Gerteis, 2009. "Defining Kpi Sets For Industrial Research Organizations — A Performance Measurement Approach," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 13(02), pages 157-176.
    4. Fiorenzo Franceschini & Maurizio Galetto & Domenico Maisano, 2007. "Management by Measurement," Springer Books, Springer, number 978-3-540-73212-9, July.
    5. Jiří Hřebíček & Jana Soukopová & Michael Štencl & Oldřich Trenz, 2011. "Integration of economic, environmental, social and corporate governance performance and reporting in enterprises," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 59(7), pages 157-166.
    6. Pinheiro de Lima, Edson & Gouvea da Costa, Sergio E. & Angelis, Jannis Jan & Munik, Juliano, 2013. "Performance measurement systems: A consensual analysis of their roles," International Journal of Production Economics, Elsevier, vol. 146(2), pages 524-542.
    7. repec:dar:wpaper:35832 is not listed on IDEAS
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    Cited by:

    1. Anastasia Murínová, 2018. "Conceptual Framework of Family Wineries in the Czech Republic: Results of a Qualitative Research Study," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 66(4), pages 955-967.

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