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New Dimensions Of Performance Measurement

Author

Listed:
  • Sorinel CăpuÅŸneanu
  • Cristian-Marian Barbu
  • Hassan Danial Aslam

Abstract

The current business environment requires a performance management with a much broader framework. The article deals with the overall performance of an entity and the composition of performance indicators that are grouped under specific dashboards: economic and financial, social and environmental. In order to reflect economic and financial, social and environmental performance, an entity may use the dashboard which allows selection, arrangement and presentation of performance indicators, on the basis of objectives and to obtain the information necessary for performing the pilotation of this entity. The approach proposed started from the conceptual framework of CERISE which was expanded and treated in the light of the research conducted. Depending on the empirical importance provided by each performance dimension (the economic-financial, social and environmental), they received a share which is reflected in the complexity of the final decision at microeconomic level. The existence and development of a performance management system in economic entities for any entity represents a competitive advantage because it is the starting point for achieving sustainable performance, achieving medium and long term high-performance. To highlight aspects of the economic and financial, social and environmental performance we suggest using an intercorelatted dashboard, whose composition and visualization is shown by our study. The article ends with the authors' conclusions regarding global performance and macroeconomic framework for broadening the constitutive formation of indicators used in the dashboards, which ultimately contributes to the knowledge of the actual performance of an entity.

Suggested Citation

  • Sorinel CăpuÅŸneanu & Cristian-Marian Barbu & Hassan Danial Aslam, 2012. "New Dimensions Of Performance Measurement," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(14), pages 1-3.
    • Handle: RePEc:alu:journl:v:2:y:2012:i:14:p:3
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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.
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    4. Greg Filbeck & Raymond Gorman, 2004. "The Relationship between the Environmental and Financial Performance of Public Utilities," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 29(2), pages 137-157, October.
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    6. Marc Orlitzky & Diane L. Swanson, 2008. "Toward Integrative Corporate Citizenship," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-59470-8, December.
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    Cited by:

    1. Martin Esch & Benedikt Schnellbächer & Andreas Wald, 2019. "Does integrated reporting information influence internal decision making? An experimental study of investment behavior," Business Strategy and the Environment, Wiley Blackwell, vol. 28(4), pages 599-610, May.

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    More about this item

    Keywords

    economic environment; social environment; strategy; dashboard; performance indicators; entity;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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