6533b85efe1ef96bd12bf3e3

RESEARCH PRODUCT

Performance Management Systems – Proposing and Testing a Conceptual Model

Radu-alexandru ȘErbanMihaela Herciu

subject

Entrepreneurship050208 financeProcess managementmodelSocial PsychologyPerformance managementHF5001-6182Computer science05 social sciencesEconomics Econometrics and Finance (miscellaneous)Conceptual model (computer science)050201 accountingsystemindicators0502 economics and businessBusiness Management and Accounting (miscellaneous)BusinessBusiness managementmanagementperformance

description

Abstract The utility of performance measurement and management system can be said to have been proven, but the problem faced by both the theoreticians and practitioners is to set the right performance indicators. Developed models are tools that managers can use to measure and manage performance, but they need to be tailored to the context. Also, the trend towards using non-financial performance indicators makes it very difficult for managers to design a performance measurement and management system because it involves the integration of qualitative and non-quantitative variables and a profound understanding of the internal and external environment of the company.

10.2478/sbe-2019-0018https://doaj.org/article/4e908f5894bd4afb90ce1a1dd3cc2b2c