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Development of Concepts and Models of Performance Evaluation from the 19th Century

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  • Jana Hornungova

    (Brno University of Technology)

Abstract

The main aim of this paper is to provide a framework of concepts and models from the area of performance measurement. Due to the fact that the business environment is constantly changing, changes also occur in the trends relating to performance. Traditional financial performance measures have been highly criticized and the need identified to integrate non-financial perspectives, such as level of innovation, degree of motivation, intellectual capital and other criteria. Intellectual capital is often a crucial factor in the creation of value in a company. This paper provides a literature review supplemented by the author’s research in the field of performance. The article shows that the performance appraisal system is currently focused on several areas that could affect the performance of the company, which is also part of the overall performance of the economy in the form of GDP growth. Based on the research, it can be said that, for the sample tracked, the selection of performance evaluation system does not depend on the legal formof the business.

Suggested Citation

  • Jana Hornungova, 2014. "Development of Concepts and Models of Performance Evaluation from the 19th Century," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 2, pages 143-154, June.
    • Handle: RePEc:cmn:journl:y:2014:i:2:p:143-154
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    References listed on IDEAS

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    1. T. Watts & C.J. McNair‐Connolly, 2012. "New performance measurement and management control systems," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 13(3), pages 226-241, November.
    2. Fiorenzo Franceschini & Maurizio Galetto & Domenico Maisano, 2007. "Management by Measurement," Springer Books, Springer, number 978-3-540-73212-9, December.
    3. Lars Osberg & Andrew Sharpe, 2002. "An Index of Economic Well–Being for Selected OECD Countries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(3), pages 291-316, September.
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