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Small and medium sized industrial company performance measurement and management.

Small and medium sized industrial company performance measurement and management.

POM 16

SMALL AND MEDIUM SIZED INDUSTRIAL COMPANY PERFORMANCE MEASUREMENT AND MANAGEMENT CONCEPT

 

Helena Aschenbrennerová

 

ABSTRACT

As a response to changes occurriencly in the competitive environment due to factors such as globalisation, increasing complexity of products and services, evolution and instability of demand, companies need to modify and continuously improve their business practices. As a result of these pressures, companies tend to focus on performance evaluation systems.

Traditional performance measurement systems are mostly based on traditional financial evaluation but it is necessary to focus on non-financial identifications as well. This contribution, which is based on both financial and non-financial evaluation styles is, in part, a reaction to environmental, organizational and economic circumstances.

The aim of this article is to design a new performance measurement and management concept for small and medium sized industrial companies.

 

KEYWORDS

Performance, competitiveness, small and medium sized industrial company, measurement and management concept. 

 

 

 
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