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Indicators for Measuring Outputs of Innovative Initiatives in the Czech Republic

Author

Listed:
  • Veronika Bumberova

    (Brno University of Technology)

  • Frantisek Milichovsky

    (Brno University of Technology)

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.

Suggested Citation

  • Veronika Bumberova & Frantisek Milichovsky, 2016. "Indicators for Measuring Outputs of Innovative Initiatives in the Czech Republic," ACTA VSFS, University of Finance and Administration, vol. 10(2), pages 115-125.
    • Handle: RePEc:prf:journl:v:10:y:2016:i:2:p:115-125
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    File URL: https://www.vsfs.cz/periodika/acta-2016-2-02.pdf
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    More about this item

    Keywords

    innovation; key performance indicators; innovation success; output; industrial companies; Czech Republic; factor analysis;
    All these keywords.

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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