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Value-Added Approach to the SMEs' Performance Measurement

Author

Listed:
  • Horobets, T. A.

    (International Humanitarian University, Ukraine)

Abstract

The study aims to find an appropriate approach to measure performance of the SMEs. The value-added is considered as a main criterion for measuring the SMEs’ performance. For adequate perception of the SMEs' performance and the ability to compare it with other enterprises (competitors), the author proposed a system of enterprise performance measurement, which is simple enough for use by even the smallest enterprise of any industry. This system contains indicators that are commonly available in the annual statistical reports of the SMEs, and includes absolute, relative, and dynamic performance criteria.

Suggested Citation

  • Horobets, T. A., 2019. "Value-Added Approach to the SMEs' Performance Measurement," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 8(4), pages 182-188, December.
    • Handle: RePEc:ods:journl:v:8:y:2019:i:4:p:182-188
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    References listed on IDEAS

    as
    1. Natalia O. Lazareva, 2015. "Evaluating the Efficiency of Wineries in Ukraine: A Three-Criteria Approach," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(4), pages 239-242, November.
    2. Yahia, F.B. & Essid, H., 2019. "Determinants of Tunisian Schools’ Efficiency: A DEA-Tobit Approach," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 8(1), pages 44-56, February.
    3. Anatoliy G. Goncharuk, 2014. "Measuring Enterprise Performance to Achieve Managerial Goals," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 3(1), pages 8-14.
    4. Anatoliy G. Goncharuk & Ricardo Sellers-Rubio, 2018. "West vs East: How Different Is Performance in European Winemaking," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 7(4), pages 185-200, November.
    5. Robert Kanigel, 2005. "The One Best Way: Frederick Winslow Taylor and the Enigma of Efficiency," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262612062, December.
    6. Sourour Ramzi & Mohamed Ayadi, 2016. "Assessment of Universities Efficiency Using Data Envelopment Analysis: Weights Restrictions and Super-Efficiency Measure," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 5(1), pages 40-58, February.
    7. Olubunmi Ipinnaiye & Declan Dineen & Helena Lenihan, 2017. "Drivers of SME performance: a holistic and multivariate approach," Small Business Economics, Springer, vol. 48(4), pages 883-911, April.
    8. Corrado Lo Storto & Anatoliy G. Goncharuk, 2017. "Performance Measurement of Healthcare Systems in Europe," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 6(3), pages 170-174, September.
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    Citations

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    Cited by:

    1. Tamara A. Horobets, 2020. "Measuring Performance of the SMEs: A Case of Ukraine," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 9(4), pages 162-168, December.
    2. Yurii Hrinchenko, 2021. "Implications of the “Industry 4.0” Concept on Management Practice," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 10(1), pages 31-41, April.

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    More about this item

    Keywords

    SMEs; performance measurement; value-added; approach;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General

    Statistics

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