Detail publikace

Non-financial factors of performance: The case of mechanical engineering companies in the Czech republic

REŽŇÁKOVÁ, M. KARAS, M. STRNADOVÁ, M.

Originální název

Non-financial factors of performance: The case of mechanical engineering companies in the Czech republic

Typ

článek v časopise ve Scopus, Jsc

Jazyk

angličtina

Originální abstrakt

Successful achievement of strategic goals requires an effective performance management system, i.e. determining the appropriate indicators measuring the rate of goal achievement. These indicators are known as key performance indicators or value drivers according to the principles of value-based management. Performance is monitored by both financial and non-financial indicators. In order to gain further insight into the topic, this paper presents the results of research identifying the non-financial factors that affect the performance of mechanical engineering enterprises in the Czech Republic. The data were obtained from a questionnaire survey of the enterprises’ senior management. The results of the survey were evaluated on the basis of response rate. The evaluation also included a comparison of the managers’ opinions and the performance of their enterprises – measured by return on equity. The results of the analyses show that the factors most detrimental to enterprise performance include the incompetence of responsible employees and the disregard of the customers’ requirements. Factors most frequently shown to increase the value of the enterprise are the product quality, product innovation and flexibility in meeting customers’ requirements.

Klíčová slova

Performance measurement, Value-based management, Value drivers, Financial ratios, Mechanical engineering enterprises

Autoři

REŽŇÁKOVÁ, M.; KARAS, M.; STRNADOVÁ, M.

Vydáno

7. 6. 2017

ISSN

1804-8048

Periodikum

Scientific Papers of the University of Pardubice, Series D

Ročník

24

Číslo

40

Stát

Česká republika

Strany od

188

Strany do

198

Strany počet

11

BibTex

@article{BUT134075,
  author="Mária {Režňáková} and Michal {Karas} and Michala {Strnadová}",
  title="Non-financial factors of performance: The case of mechanical engineering companies in the Czech republic",
  journal="Scientific Papers of the University of Pardubice, Series D",
  year="2017",
  volume="24",
  number="40",
  pages="188--198",
  issn="1804-8048"
}