Midovska, Marija and Boshkoska Klisaroski, Milena (2019) Benefits from the Implementation and Application of a Performance Measurement System. XII. IBANESS Congress Series on Economics, Business and Management – Plovdiv / Bulgaria. pp. 89-94. ISSN 978-619-203-259-3
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Abstract
The performance measurement system consists of methodologies, metrics, processes and software tools. It
represents a link between operational, financial and strategic goals. Today, most of the organizational performance measurement systems have an integrated measurement approach and they take into account various perspectives of organizational performance.
Measurement is important for managers because it can determine the company's growth. Performance measuring refers to all parameters that are important for managers in decisions making processes. Managers want to have an overview of which activities are performed according to the planned, and which are not. Also, they need accurate and timely information to achieve their goals. The main need for implementation and application of a performance measurement system is the need for transparency in the performance of the company's goals. Performance measurement systems enable this. Through the application of such a system, managers and employees are enabled to have better control over the performance of the activities.
The main goal of this paper is to research the main benefits for the companies from the implementation and application of the performance measurement system. The research refers to companies from the food industry in the Republic of North Macedonia. The paper first elaborates the importance for measuring performance. After that it presents the results from the research and tests the relation between benefits from the implementation and application of a performance
measurement system and the number of Key performance indicators that are used in the measurement process.
| Item Type: | Article |
|---|---|
| Subjects: | Scientific Fields (Frascati) > Social Sciences > Economics and Business |
| Divisions: | Faculty of Economics |
| Depositing User: | Mr Dimitar Risteski |
| Date Deposited: | 18 Feb 2020 09:49 |
| Last Modified: | 18 Feb 2020 09:49 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/3028 |
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