PERSPECTIVES OF PERFORMANCE MANAGEMENT CONCEPT – A STUDY OF COMPANIES IN REPUBLIC OF MACEDONIA

Midovska, Marija and Mancheski, Gjorgji (2016) PERSPECTIVES OF PERFORMANCE MANAGEMENT CONCEPT – A STUDY OF COMPANIES IN REPUBLIC OF MACEDONIA. Proceedings 21th International scientific symposium, strategic management and decision support systems in strategic management.

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Abstract

The use of performance management has been a significant increase in the companies worldwide in recent years. Organizations have long sought to align operational performance with the strategy. The concept of performance management is the key source that can align the operational performance and long term strategy in today’s highly competitive environment. It provides a systematic link between organizational strategy, resources, and processes.
This paper firstly discusses some central concepts related to performance management. Second, it gives a brief outline of the situation on the field of performance management concept, presenting some main aspects of the way of using performance management at the companies in Republic of Macedonia. The main goal of this paper is to identify the current state of performance management systems in selected companies in Republic of Macedonia. The paper also discusses the challenges and barriers that companies of this region are facing in order to implement the concept of performance management. Furthermore, the paper suggests utilization manners of this concept. More specifically it is focused on identification of benefits, weaknesses and risks arising from implementation of the concept of performance management in the Macedonian companies.
The research is conducted with various data collection research methods. In this context primary data is obtained by conducting interviews with the managers and employees of the companies using a structured questionnaire. Afterwards, the data is evaluated using various statistic methods that are applicable in this branch.

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 12:41
Last Modified:	18 Feb 2020 12:41
URI:	https://eprints.uklo.edu.mk/id/eprint/3067

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