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Interlinked System of Business Performance Management Indicators
[Vnitřně propojený systém ukazatelů řízení výkonnosti podniku]

Author

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  • Jana Fibírová
  • Kateřina Knorová

Abstract

For the effective management of a company, it is necessary to choose the right performance measures in order to influence the behavior of managers and employees towards the fulfillment of company´s strategic objectives and goals. Basic logical relations of decomposition of economic effectiveness measures and causal relations of value-creation process are taken into account in creating business performance measurement and management system. While logical relations of financial measures create the framework of performance management, causal relations of value-creation process make the factual base. Only by linking financial results and non-financial causes it is possible to explain, analyze and influence the value-creation process. By discovering the links between causes and effects it is possible to improve decision-making, communication and increase the level of knowledge.

Suggested Citation

  • Jana Fibírová & Kateřina Knorová, 2014. "Interlinked System of Business Performance Management Indicators [Vnitřně propojený systém ukazatelů řízení výkonnosti podniku]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2014(4), pages 157-165.
    • Handle: RePEc:prg:jnlcfu:v:2014:y:2014:i:4:id:431:p:157-165
    DOI: 10.18267/j.cfuc.431
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    References listed on IDEAS

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    1. Grafton, Jennifer & Lillis, Anne M. & Widener, Sally K., 2010. "The role of performance measurement and evaluation in building organizational capabilities and performance," Accounting, Organizations and Society, Elsevier, vol. 35(7), pages 689-706, October.
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    JEL classification:

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

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